Resource Geelong Financial Results - 2022. Declares we are Debt Free!

[Art Vandelay_]

Geelong 2022 Financial Result

The Cats have released their 2022 financial result

www.geelongcats.com.au

The Geelong Football Club has announced a statutory net profit of $1.8 million for the 2022 financial year, from an operating profit before interest, amortisation and depreciation of $4.4 million.

The strong financial result was underpinned by the AFL Premiership success and crowds returning to the football in season 2022. Most pleasing was the on-going commitment of the Club’s loyal members, commercial partners and Community Challenge donors during season 2022.

As a result, the Club is debt free and has $4.9 million cash balance as at 31 October 2022. The Board and Management continues to focus on strengthening the Club balance sheet to ensure the long-term sustainability of the Football Club. Proudly, the Club continues to have no direct financial contribution from any form of gambling or gaming.

Telling fans on the website one profit figure, that isn't the final comprehensive profit. Only to correctly list it in the financial report is vexing to me, from within the profession. Small annoyance but good to see we've turned a profit.

Alas, quality control oversight has us mixing in very bad circles



P.S. winty David the Cat cats_09 dazbroncos could not see a permanent resource for this so intend to have this added to annually with subsequent results and title changes. Threadmarks as well.