AZ Alkmaar has posted a net profit of €12.2 million for the 2025/26 season. The Alkmaar-based club presented its annual accounts at the General Meeting of Shareholders, showing an increase from the €10.4 million profit recorded the previous year.
The profit was achieved despite an operational loss of €14.6 million from regular business activities. This shortfall was fully covered by a positive transfer balance. Total net turnover fell by €2.8 million to €56.5 million. AZ stated: "This decline is mainly due to lower match revenues (including prize money) in 2025-2026 from the Conference League compared to the 2024-2025 season (Europa League)."
Operating expenses rose, however, from €77.9 million to €88.9 million, due to European and cup performances and growth in staff numbers. The club's equity still stood at €93.1 million as of 30 June 2026, with a solvency ratio of 58 percent.
Notably, the major summer transfers from the recent window, such as those of Sven Mijnans and Troy Parrott, are not included in these figures. Those deals were completed after the 30 June cut-off and will appear in the 2026/27 accounts.
For the current season, the board anticipates a limited negative operational result. "This is mainly caused by investments in the sporting and organisational development of the club," AZ said. "However, there is a sound liquidity forecast." The club expects additional income from transfers and commercial revenue to roughly break even.
The solid financial footing comes as the team leads the Eredivisie table. With 19 points from seven games, AZ holds a two-point lead over nearest rivals Feyenoord. That opponent awaits on Saturday at De Kuip. The last five league results read WLDWW. The full standings and upcoming fixtures schedule are available online. The club closed the financial year with no outstanding tax debts and a buffer for the future.
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