Corinthians post deeper July deficit as budget review and sales loom | OneFootball

Corinthians reported a cumulative deficit of R$ 278.705 million for the seven months to 31 July 2026, up 13.28 per cent on June's R$ 246.039 million.

The club said in a statement that elevated operating costs, financial charges and one-off items deepened losses, and it will conduct a mid-year budget review.

The balance sheet did not update total debt, previously R$ 2.723 billion in December 2025 and R$ 2.8 billion after the first half of 2026 including Neo Química Arena.

The shortfall greatly exceeded the R$ 77.862 million budgeted, with administrators pointing to prize payouts, taxes, contingencies and the non-realisation of R$ 150 million in planned player sales.

Excluding those effects, the year-to-date deficit would have been R$ 73.797 million, slightly better than plan.

Planned disposals were postponed to prioritise Libertadores performance and asset valuation, and the board expects to use the next window to help meet budget targets.

Even without sales, operating revenue reached R$ 472.043 million to September, above the R$ 402.996 million forecast, with sponsorship and broadcast ahead of plan, matchday lower, and brand and other lines stronger.

Operating costs hit R$ 448.050 million through July, including payroll of R$ 327.406 million, leaving recurring EBITDA positive at R$ 752 thousand. Cash was R$ 8.979 million, down from R$ 26 million at end-2025 and R$ 14.9 million a year earlier.

Key liabilities included tax instalments of R$ 947.16 million, deferred revenue of R$ 1.083 billion and loans and financing of R$ 390.07 million.

Source: Meu Timao

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”