Wolves owner Fosun posts profit surge as group returns to growth | OneFootball

Fosun, the owner of Wolverhampton Wanderers, says it has returned to a growth path after a strong first half. The Shanghai-based group reported a sharp jump in interim profit.

According to ExpressAndStar.com, profit reached £188.2 million, up 160.3%, in the six months to 30 June 2026.

Revenue was £9.52 billion, broadly stable despite ongoing sales of non-core assets, and industrial operating profit rose 17% to £403.73 million. Streamlining and a focus on core businesses continued.

Core subsidiaries generated £6.99 billion, or 73.5% of group revenue. Overseas revenue rose 5.3% to £5.38 billion, taking its share to 56.5%, up three percentage points.

Divestments raised more than £1.31 billion, while cash, bank balances and term deposits stood at £6.70 billion at 30 June 2026, higher than end-2025. The total debt to total capital ratio fell to 55.7%.

Chairman Guo Guangchang said the first-half earnings recovery underlined the strategy and that Fosun was back on a growth trajectory, leaving it well positioned to accelerate.

Fosun, one of China’s largest non-state groups, bought Wolves for £30 million in 2016, part of its Happiness segment. The club was relegated to the Championship earlier this year after eight years in the Premier League.

In March, its accounts showed a £15.3 million loss for 2024/2 and four successive years in the red. Nathan Shi became executive chairman in May, replacing Jeff Shi, who stepped down in December after fan complaints about a lack of investment.

Source: ExpressAndStar.com

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