Fosun revenue drops by about £2bn as Wolves owner posts 2025 results | OneFootball

Fosun, owner of Wolverhampton Wanderers, reported a revenue fall of around £2 billion in 2025, with industrial operating profits of about £438 million. According to ExpressAndStar.com, group revenue was nearly £19 billion.

The figures were down 9.7 per cent on 2024, when revenue reached £21 billion and profits were about £555 million.

Fosun booked a loss of around £2.5 billion through non-cash impairment charges, mainly linked to real estate values and non-core assets. The group said this would not affect operations or cash flow.

Core subsidiaries Fosun Pharma, Yuyuan, Fosun Insurance Portugal and Fosun Tourism Group generated about £14 billion, 74 per cent of total revenue. Overseas revenue was roughly £10.4 billion, 54.7 per cent, up 5.4 per cent.

Chairman Guo Guangchang said the loss did not reflect a deterioration in fundamentals, attributing it to non-cash impairments on past projects, goodwill and intangible assets in non-core segments. He said day-to-day operations, cash flow and business activities were unaffected.

He apologised to shareholders, calling the result unprecedented in more than 30 years, and said completing impairments would let Fosun focus resources on high-growth core sectors.

Fosun said it remains financially healthy, with ample cash, a solid net asset base and positive operating cash flow. It aims in the medium term to gradually restore annual profits to around £1.09 billion, prioritising sustainable growth.

The results follow Wolves confirming a £15.3 million loss for 2024/25. The club are bottom of the Premier League, with relegation to the Championship a near certainty, and have replaced executive chairman Jeff Shi with interim Nathan Shi.

Source: ExpressAndStar.com