According to Gazzetta dello Sport, AC Milan reported a €24 million loss for the 2025-26 financial year, with revenues down €70-80 million due to the team's failure to qualify for European football competitions.

Previously, AC Milan had maintained financial profitability. In the 2025-26 season, AC Milan's absence from European football competitions had a significant impact on the club. This marks the first loss during Cardinale's tenure.

The board of directors, chaired by Paolo Scaroni, approved the financial statements for the 2025-26 fiscal year yesterday, revealing a final loss of €24 million. Prior to this, AC Milan had reported consecutive profits over three years: €6 million in the 2022-23 season, €4 million in 2023-24, and €3 million in 2024-25. Overall, the scale of this loss is limited, indicating that AC Milan's financial position remains stable. The relevant accounts will be submitted for approval at the shareholders' meeting scheduled for October.

Thanks to substantial revenue from player transfers, AC Milan's total revenues remained high at €465 million, down only 6% compared to the 2024-25 season. The club's core revenues continued to grow, demonstrating independence from UEFA competitions. AC Milan's sponsorship revenue exceeded €100 million for the first time, and stadium revenues also increased, with the team's average attendance exceeding 72,000, the highest in the league.

In any case, this loss is fully covered by equity. AC Milan's equity benefited from capital increases by Elliott and contributions from RedBird over several years, reaching €176 million as of June 30, 2026.

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