Marítimo ended its 2025/2026 financial year with a negative net result of €6.82 million, and the club's own accounts show how the promotion year was built around keeping the squad together rather than selling players. Other income fell from €4.44 million to €2.04 million, a drop of €2.40 million, after no player sales were made during the push for promotion.
Promotion before profit
The club kept the squad intact to maximise its promotion chances and gave up transfer income from selling registrations. That choice protected the sporting side of the campaign, but it also left the accounts carrying the cost of a full promotion push without the usual sales income to soften it.
Rising costs around the squad
Personnel costs also rose from €7.20 million to €8.64 million. Marítimo said the contract policy shifted towards lower fixed salaries and larger performance bonuses, which lifted costs even as the club tried to structure pay around results.
Sales and services rendered increased from €1.05 million to €1.29 million, and operating subsidies moved from €1.17 million to €1.28 million. Those gains helped, but they were small against the drop in other income and the higher staff bill.
The wider lesson is pretty plain. Marítimo chose sporting competitiveness over a player-sale windfall, and the 2025/2026 accounts closed €6.82 million in the red. The next test is whether promotion can now be turned into stronger revenue, with the club already talking about revenue growth of more than 100%.
Written by Sam Whitfield with AI-assisted research, cross-checked against 1 outlet. How we work →
