FC St. Pauli Posted a Surplus of 16.7 Million Euros for the 2025/26 Financial Year

FC St. Pauli posted a surplus of 16.7 million euros for the 2025/26 financial year, the club reported on its website parallel to the members’ assembly in Hamburg.

The financial year brought a profit substantially higher than the roughly two million euros recorded the previous year. The club said that a one-off effect made the profit possible through the participation of the Football Cooperative St. Pauli von 2024 eG in the stadium company. The club reported that this effect was quantified at 14.5 million euros.

Roughly 23,000 people joined the cooperative founded in the spring of 2024. More than 29 million euros came together in total. In November 2025, the cooperative took over the majority of the stadium company and with it the Millerntor-Stadion, the club reported.

Without the one-off effect, the surplus would have sat at two million euros. “Also this result is shaped by special revenues, in particular through transfer proceeds and additional income from the DFB-Pokal,” the club announcement said.

In day-to-day operations, FC St. Pauli lagged behind its economic expectations. Merchandising revenues developed weaker than planned, according to the club, even though jerseys and fan merchandise had long counted among growth drivers.

“The 16.7 million euros are a great success, but no new business model. We must not confuse one-off revenues with permanently available funds,” said Hanna Obersteller, told the club. “What is decisive is that we have used these funds to sustainably strengthen our financial base.”

Liabilities dropped from 22.4 million to 4.8 million euros, while equity increased from 5.5 million to roughly 19.5 million euros. Because of relegation after two years in the Bundesliga, the club must calculate with lower revenues, specifically smaller TV payouts.

This situation requires “a consistent economic adjustment,” the club said.