Brera PLC(BREA)2025-05-15 21:29Acquisition and Ownership - Brera Holdings acquired approximately 38% of the Italian Serie B football club Juve Stabia as of December 2024, with plans to increase ownership to 51.73% by March 2025[281]. - The company acquired 90% of Fudbalski Klub Akademija Pandev in North Macedonia, rebranding it as Brera Strumica FC, which participates in major UEFA competitions[272]. - Brera Holdings established Brera Tchumene FC in Mozambique, which was promoted to the First Division for Mozambique (Mocambola) for the 2024 season[272]. - Brera Holdings plans to increase the share capital of Juve Stabia by an aggregate amount of €4,500,000 as part of its acquisition strategy[281]. - The company aims to create a "Global Sports Group" portfolio, acquiring top-division football and other sports teams in emerging markets[279]. Financial Performance - Revenue for the year ended December 31, 2024, was €2,886,118, representing an increase of €1,738,626 or 152% compared to €1,147,492 in 2023[294]. - The largest revenue streams for 2024 included sponsorships (€1,494,815), player transfers (€406,988), consulting (€275,000), and media rights (€243,000)[294]. - Operating loss for 2024 was €5,556,040, an increase of €184,873 or 3% compared to €5,371,167 in 2023[299]. - Net loss for 2024 was €5,048,861, an increase of €137,196 or 3% from €4,911,665 in 2023[304]. - Income from grants and donations rose by €219,731 or 65% to €556,580 in 2024, attributed to increased grants received by subsidiary FKAP[300]. Cash Flow and Capital - Cash and cash equivalents as of December 31, 2024, were €1,531,994, down from €2,293,518 in 2023[306]. - Net cash used in operating activities was €3,121,362 for 2024, an increase of €702,838 from €2,418,524 in 2023[318][319]. - The company had net cash provided by financing activities of €2,677,144 in 2024, a significant decrease from €6,364,969 in 2023[318][322]. - The company completed a private placement offering in December 2024, selling 545,000 Series A Preferred Shares for total gross proceeds of 5.00 per share, generating total gross proceeds of 1.8 billion in 2019 to $3.8 billion by 2027, indicating significant growth opportunities for Brera Holdings[274]. - The FENIX Trophy, a non-professional pan-European football tournament, expanded to twelve clubs for the 2023-2024 season, with plans for sixteen clubs in the 2024-2025 tournament[276]. - The company is focused on bottom-up value creation from undervalued sports clubs and talent, with future revenues expected from consulting opportunities and tournament prizes[280]. Risks and Legal Matters - The company is currently not involved in any material legal proceedings or claims[327]. - The company is exposed to market risks including interest rate risk and foreign currency exchange risk, with a focus on minimizing potential adverse effects on financial performance[470]. - Two customers accounted for 23% of the company's total revenue for the year ended December 31, 2024, indicating a concentration risk[478].