FC Schalke 04 have gone back under the €100 million mark in net financial liabilities, and the latest accounts show a third straight profit as well. The club posted a group net profit of €200,000 in the 2025/26 financial year, even though revenue slipped and the team remains stuck near the bottom of the Bundesliga.
Schalke's balance sheet keeps improving
The debt figure is the headline item. Schalke said their net financial liabilities fell back below €100 million for the first time since 2017, which is a clear step forward after years of heavier borrowing.
Cash moved the other way too. Liquid funds rose from €6.2 million to €24.4 million, so the club is not just trimming liabilities, it is also carrying a stronger short-term cushion.
Christina Rühl-Hamers told SPORT1, in comments translated from German: "Together we have achieved our major sporting goal and also made important economic progress. Despite the additional expenses caused by promotion, we were able to finish the season with a positive result."
Revenue fell, but the profit held
The accounts are not a case of everything moving up at once. Revenue fell from €157.9 million to €152.6 million, while Schalke also used a €90 million bond from November 2025 to repay two earlier bonds, including interest, early and in full.
That still leaves the club in a better position than before. This was Schalke's third consecutive profitable year, and the figures point to continued progress rather than a one-off bounce.
The football side remains the obvious problem. Schalke are 16th in the Bundesliga with 6 points after 7 matches, but the off-field picture keeps moving in the opposite direction.
Written by Sam Whitfield with AI-assisted research, cross-checked against 1 outlet. How we work →
