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FIA delivers strongest set of financial results in a decade
🇴🇲 Oman /Economy & Trade

FIA delivers strongest set of financial results in a decade

From Times of Oman · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Fédération Internationale de l'Automobile (FIA) reported its strongest operating result in a decade for FY2025, with a profit of €6.7 million.
  • This marks a significant turnaround from a €24 million operating loss in 2021, with revenue increasing by 75% since then.
  • The financial improvements are attributed to a stronger commercial strategy, cost discipline, and financial oversight under President Mohammed Ben Sulayem.

The Fédération Internationale de l'Automobile (FIA) has announced its strongest financial performance in ten years, achieving an operating profit of €6.7 million in Fiscal Year 2025. This figure represents a substantial 43% increase year-on-year and a dramatic turnaround from the €24 million operating loss recorded in 2021. Operating revenue also saw a significant boost, climbing 75% since FY2021 to reach €191.7 million.

These positive results build upon the FIA's return to profitability in FY2024 and reflect a broader financial transformation initiated since the election of UAE's Mohammed Ben Sulayem as President in 2021. The federation attributes its success to a more robust commercial strategy, enhanced cost control measures, and improved financial oversight across its operations.

Six months into my second term as FIA President, I remain committed to ensuring a profitable and financially sustainable operation. Today, I am proud that we have continued to deliver on this mission, achieving the FIA’s strongest operating result in ten years and building on the significant progress made since 2021.

— Mohammed Ben SulayemCommenting on the FIA's strong financial performance.

"Improving the governance, transparency and financial health of the FIA was central to my manifesto pledge, and we have transformed the organisation into a more resilient and professional federation," stated Ben Sulayem. He emphasized his commitment to ensuring a profitable and financially sustainable operation, aiming to deliver long-term value for member clubs, championships, and global mobility and motorsport communities.

Improving the governance, transparency and financial health of the FIA was central to my manifesto pledge, and we have transformed the organisation into a more resilient and professional federation.

— Mohammed Ben SulayemHighlighting the transformation of the FIA under his leadership.

The financial gains were bolstered by strong performances across key FIA championships and commercial ventures. This included progress in the promoter process for the FIA World Rally Championship, a solid showing from the FIA World Endurance Championship, and the implementation of new regulations. A landmark long-term contract extension with the ABB FIA Formula E World Championship promoter generated an exceptional €20 million gain. Furthermore, the FIA Commercial Department, established in 2023, launched a new Global Partner Programme, securing partnerships with brands like DHL, Rolex, and Siemens, contributing significantly to revenue growth.

The FIA is now in a stronger position to reinvest in its initiatives. Since 2022, over €20 million has been allocated to key areas such as the development of an Officials Department to support training and the Safe Mobility 4 All and 4 Life program. The federation continues to strengthen the long-term foundations of its championships and competitions.

I will continue to work closely with all stakeholders to drive positive change across the FIA and deliver long-term value for our Member Clubs, our Championships, our people, and our global mobility and motor sport communities.

— Mohammed Ben SulayemStating his future commitment to the FIA's stakeholders.
DistantNews Editorial

Originally published by Times of Oman. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.