FC Barcelona

The primary statements in the 2024/25 report (English, Spanish and Catalan editions) carry a scrambled font encoding, so their text layer does not contain the printed numbers, and the pipeline does not OCR pages that have a text layer. Most facts are therefore taken from the 2024/25 column of the audited 2025/26 report (column: prior). That column is not restated: the 2025/26 statement of changes in equity starts from the 30 June 2025 balance of -152,679 with no adjustment, and revenue (964,203) and PBT (-8,377) match the readable notes of the original report, which are cited for REVENUE and its streams, PBT, TAX, PLAYER_REGISTRATIONS and EBITDA. Clean opinion (Crowe) with emphasis paragraphs on going concern and on the restatement of 2023/24. Perimeter: the Espai Barça Securitisation Fund was removed from the consolidation with retroactive effect (note 2.7), Barça Produccions was fully consolidated until 28 March 2025 and then equity-accounted after its reverse merger with Bridgeburg Invest (loss of control -12,455 in the operating result), and FCB HK and FCB North America were added. Opening cash of 204,443 is the restated 1 July 2024 figure (the original 2023/24 closing cash was 505,763, which included the fund). Revenue includes 71,600 of Personal Seat Licence sales (note 18.1), which the club's summary calls an extraordinary operation. The financial result includes -52,573 impairment of financial investments in group companies (Barça Produccions). BORROWINGS includes "Other financial liabilities", which note 14.1 of the 2025/26 report describes as the Espai Barça financing drawn through the fund. EBITDA is the rounded figure from the club's summary of activity (the directors'-report figure in thousands is unreadable for the same font reason). Comparatives: the restated 2023/24 figures are cited from note 2.7 of the Spanish edition (p257), whose notes have a readable text layer.