AABNasdaq CopenhagenLeisureIFRS · DKK

AALBORG BOLDSPILKLUB A/S

AALBORG BOLDSPILKLUB A/S is a Danish football club business based in Aalborg. Its activities center on operating a professional football organization, including first-team competition, player development, and the commercial activities that support the club.

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Revenue47.2m DKK
+76.5 %y/y
Net income27.5m DKK
+218.1 %y/y

Fiscal year 2025 · change from previous year

Development 2024–2025

01020304050m DKK2024: 27 m DKK20242025: 47 m DKK202547
RevenueOperating profit (EBIT)
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Business

Share of revenue
Matchday operations35 %

Ticket sales, stadium attendance, hospitality and related game-day services.

Commercial partnerships30 %

Sponsorships, advertising, partner activations and brand collaborations.

Media and broadcasting20 %

League media rights, broadcast-related income and digital content monetization.

Player development15 %

Youth academy and training activities that support sporting and transfer value.

Customers

The club sells primarily to fans, sponsors, corporate partners and media counterparties. Its commercial model depends on local attendance, community support and the visibility created by competition in Danish football.

Supporters and matchday attendees

Buy tickets, season passes and hospitality because the club's sporting results and local identity drive attendance.

Corporate sponsors

Purchase advertising, shirt, stadium and activation rights to reach the club's fan base.

Media and league partners

Pay for rights and content exposure linked to domestic football competition.

Youth and development participants

Use club training and academy pathways for player development and progression.

Strategy

The club's strategic position depends on sporting performance, fan engagement and the strength of its commercial relationships. Long-term value is driven by maintaining a competitive football product, developing players and converting local brand loyalty into stable revenue streams.

Improve sporting competitivenessShort term

On-field performance drives attendance, sponsorship interest and media relevance.

Grow commercial partnershipsMedium term

Sponsors and advertisers are a core non-ticket revenue source for a football club.

Develop talent pipelineLong term

Youth development supports squad depth, sporting continuity and potential transfer gains.

Geography

The club is headquartered in Aalborg, Denmark, and its core market is local and national Danish football. Revenue is therefore tied mainly to Danish consumers, businesses and football institutions rather than broad international markets.

Risks

The business is exposed to the volatility of sports performance, because results affect attendance, sponsorship demand and broader club relevance. It also faces the typical football-club risks of player costs, injury, transfer-market uncertainty and dependence on local economic conditions.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Dependence on sporting results1Player and squad cost volatility2Local market concentration3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Dependence on sporting resultsImpact: HighLikelihood: High

    Attendance, sponsorship and media interest are closely linked to first-team performance.

    Exposure: Matchday and commercial revenue

  2. Player and squad cost volatilityImpact: HighLikelihood: High

    Football clubs must invest in talent while results and player value can change quickly.

    ExposureWagesTransfersSquad planning
  3. Local market concentrationImpact: MediumLikelihood: Medium

    The club relies heavily on a regional fan base and Danish sponsors.

    Exposure: Ticket sales and sponsorship

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Accounting

Judgemental items
Player registrations and amortization

Football clubs often capitalize player rights and expense them over contract terms, affecting EBIT and assets.

Impact: Changes squad-related amortization and balance-sheet carrying values

Revenue timing

Tickets, sponsorships and hospitality may be recognized when matches or contractual obligations are delivered.

Impact: Can shift reported revenue between quarters

Seasonality

Fixture schedules and competition timing create uneven revenue and cost recognition.

Impact: Makes interim results less comparable across periods

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Last updated: 24/10/2026