FPF records €3.1 million surplus, almost matching its budget

In Funchal on Friday, 16 October 2026, the Portuguese Football Federation’s board met away from its usual setting for a decentralised meeting. The board unanimously approved the FPF’s 2025/26 report and accounts, signing off the federation’s financial year.

The accounts show a surplus of €3.1 million, almost exactly the result the FPF had budgeted for. Its 2025/26 plan forecast revenue of 146.253.607 euros against expenditure of 143.173.969 euros, leaving a projected operating surplus of 3.079.638 euros. The federation therefore finished the year close to its financial target while directing substantial resources to national teams and international competitions. The FPF said it had fulfilled the budget presented on 30 June 2025.

That planned balance sat inside a record financial operation. The budget described projected revenue as a record and expenditure as 30 million euros above the amount budgeted for 2024/25. Reports by Maisfutebol, A Bola, CNN Portugal, RTP and Observador said the increase partly reflected the inclusion of several companies under the FPF umbrella.

The projected income came from several sources. Jogos Sociais was expected to provide €39.2 million, up from €36.5 million in 2024/25. The sports-equipment contract was forecast to bring in €20.277 million, compared with €16.24 million in 2024/25 and €8.83 million in earlier seasons. The new-brand agreement had been in force since 1 January 2025, according to A Bola and RTP.

Some of the forecast depended on Portugal’s results in major tournaments. The budget counted €17 million on the assumption that the men’s team would reach the last 16 of the 2026 World Cup. It also included €2 million for the women’s team’s expected participation in the 2025 European Championship, reports said. These were anticipated tournament revenues, not guaranteed sums.

The budget allocated €36 million to national teams and €28.9 million to international competitions; these were planned allocations, not evidence of the sums actually spent. Within the team budget, €16.1 million was set aside for the senior men’s side and €3.87 million for the women’s team, according to reports by Maisfutebol, A Bola, CNN Portugal, RTP and Observador.

The budget also put personnel costs for the wider FPF group at €19.28 million, €4 million more than in the previous exercise. The rise followed the consolidation of the group, which brought several companies under the federation’s financial umbrella. The figure therefore covers a broader organisation than the federation alone.

Other allocations covered the bodies that govern the federation and the people who deliver its services. The budget projected €4.2 million for statutory bodies, alongside €7.4 million for technicians, medical staff and other service providers. It also listed €12 million for services. Those lines sit beside the sums for teams and competitions in the planned financial operation.

Alongside the financial report, the board pointed to the national teams’ results and other football achievements from the season. The senior men’s side reached the Nations League quarter-finals, while the under-21 team qualified for its European Championship, the federation said.

The board also noted that Portugal’s senior men had returned to fifth in the FIFA rankings after results in the previous month. That position was presented as a recent development, alongside the quarter-final qualification, rather than as a separate financial measure, Record reported.

The season’s other cited successes came beyond the national sides most visible to supporters. Portugal won the beach-soccer Mundialito, and the women’s futsal team qualified for its European Championship. The board included both in its account of the year, extending its sporting review from the senior men’s team to other teams and formats, according to Maisfutebol, Record, Observador and CNN Portugal.

For FPF president Pedro Proença, taking board meetings around Portugal is part of how the federation should understand and serve the game. He told Record that the decentralised meetings let its leadership follow developments across the country in line with the FPF’s 2024–36 Strategic Plan.

Proença described the federation as a catalyst, but said football’s work begins with grassroots associations, moves through the professional game and reaches the FPF. The federation’s role, in his account, is to bring that community together. He also pointed to Portugal’s capacity to produce talent and football’s importance as one of the country’s leading industries, presenting the FPF as part of a wider network rather than the source of success on its own.

The FPF’s reach extends well beyond its national teams and professional football. It reported 260,000 registered practitioners in Portugal in 2025/26, a base that gives the federation’s financial choices consequences across the game. In the previous financial year, its accounts recorded an operating result of 3.339.356,89 euros. The assembly also approved allocating €3.2 million to non-professional football, according to Maisfutebol.

Across Europe, the financial picture is larger but not uniform. Deloitte reported that football associations and leagues generated €40.2 billion in revenue in 2024/25, excluding transfers. UEFA, by contrast, reported a planned net deficit of €46.2 million for that season, covered by reserves. Those figures describe different organisations and cannot be set directly against the FPF’s accounts; they show how governing bodies can operate with different financial models even as the wider game generates substantial revenue.

For 2026/27, the FPF forecasts a positive result of €2.819 million alongside a planned deficit for its Academy. It describes that shortfall as strategic spending on training and qualification, tied to preparations for the University of Football.

The board’s Funchal sign-off closed one financial year; the next accounts will show how its forecast and its investment plans fare.

• The next update on the University of Football: progress from preparation towards the opening described by the FPF.