Brera Holdings PLC
Business
Brera Holdings PLC is an Irish holding company focused on multi-club ownership and expanding a global portfolio of men’s and women’s sports clubs. It offers club ownership and management, sponsorship and franchising, noncompetitive football school services, the FENIX Trophy tournament, and consulting on social-impact football, player transfers and related commercial activities. Its key business segments include the Global Sports Group (acquisitions and club management), football operations (schools and tournaments), volleyball operations (UYBA), and consulting and sponsorship sales. It operates across Europe, Africa, Mongolia and South America through club management, tournaments, sponsorship channels and international transfer markets.
Summary from filing dated 2025-05-15
Financials
Consolidated Statement of Income
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Profit or loss [abstract] | — | — | — | |
| CONTINUING OPERATIONS | — | — | — | |
| Revenue, including revenues received from related parties of 1,549, 28 and 0 for 2025, 2024 and 2023 | 4 | 1 | 311,000 | |
| Operating expenses: | — | — | — | |
| Equity-based compensation, including related party compensation of 267,601, 423 and 20 for 2025, 2024 and 2023 (Note 5, Note 14 and Note 16) | 269 | 961,000 | 388,000 | |
| General and administrative and cost of goods, including related party expenses, 1,971, 1,119 and 0 for 2025, 2024 and 2023 (Note 6 and Note 16) | 38 | 4 | 4 | |
| Impairment of non-financial assets (Note 7) | 82 | — | — | |
| Total operating expenses | 389 | 5 | 4 | |
| Operating loss from continuing operations | −385 | −4 | −4 | |
| Other income (expense): | — | — | — | |
| Interest income (expense) | −229,000 | −8,000 | 47,000 | |
| Other income (expenses), including related parties other income (expenses) of 780, 1 and 350 | 6 | 412,000 | 521,000 | |
| Total other income | 6 | 404,000 | 568,000 | |
| Loss before income taxes from continuing operations | −378 | −4 | −3 | |
| Income tax benefit | −1 | — | — | |
| Net loss from continuing operations | −377 | −4 | −3 | |
| Loss from discontinued operations, net of tax | −711,000 | −1 | −2 | |
| Net loss | −378 | −5 | −5 | |
| Attributable to the Company | 376 | 4 | 4 | |
| Attributable to non-controlling interest | −2 | −621,000 | −473,000 | |
| Net loss | −378 | −5 | −5 | |
| Other comprehensive income (loss): | — | — | — | |
| Foreign currency translation adjustments | 2 | −28,000 | 92,000 | |
| Total comprehensive loss | −376 | −5 | −5 | |
| Weighted average shares outstanding - basic and diluted: | — | — | — | |
| Weighted average shares outstanding – basic (in Shares) | 5 | 330,662 | 242,202 | |
| Weighted average shares outstanding – diluted (in Shares) | 2 | 165,331 | 121,101 | |
| Net loss per share from discontinued operations - basic and diluted | — | — | — | |
| Net loss per share from continuing operations - basic (in Euro per share) | −652.24 | −92.84 | −105.04 | |
| Net loss per share from discontinued operations – basic (in Euro per share) | −1.24 | −29.32 | −57.2 | |
| Net loss per share from continuing operations - diluted (in Euro per share) | −652.24 | −92.84 | −105.04 | |
| Net loss per share from discontinued operations – diluted (in Euro per share) | −1.24 | −29.32 | −57.2 | |
| Net loss per share from discontinued operations - basic and diluted | — | — | — | |
| Net loss per share from continuing operations - basic (in Euro per share) | −652.24 | −92.84 | −105.04 | |
| Net loss per share from discontinued operations – basic (in Euro per share) | −1.24 | −29.32 | −57.2 | |
| Net loss per share from continuing operations - diluted (in Euro per share) | −652.24 | −92.84 | −105.04 | |
| Net loss per share from discontinued operations – diluted (in Euro per share) | −1.24 | −29.32 | −57.2 |
Consolidated Balance Sheet
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Statement of financial position [abstract] | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents (Note 2) | 16 | 2 | |
| Accounts receivable and other receivables, net, including related parties amounts of 91 and 8 for 2025 and 2024 (Note 11, Note 16) | 4 | 352,000 | |
| Receivable for private company shares (Note 2) | 8 | — | |
| Prepaid expenses and other current assets, including related parties amounts of 622 and 295 for 2025 and 2024 (Note 16) | 990,000 | 339,000 | |
| Prepayment for digital assets, including related party amounts of 28,680 and 0 for 2025 and 2024 (Note 9, Note 16) | 29 | — | |
| Current assets of discontinued operations (Note 3) | — | 733,000 | |
| Total current assets | 58 | 3 | |
| Non-current assets: | — | — | |
| Digital assets, including related parties amounts 78,174 and 0 for 2025 and 2024 (Note 9, Note 16) | 95 | — | |
| Intangible assets (Note 10) | 12 | 856,000 | |
| Other non-current assets (Note 3) | 35,000 | 3 | |
| Non-current assets of discontinued operations (Note 3) | — | 4 | |
| Total non-current assets. | 107 | 7 | |
| Total Assets | 164 | 10 | |
| Current liabilities: | — | — | |
| Accounts payable and other payables, including related parties amounts of 346 and 177 for 2025 and 2024 (Note 11, Note 16) | 14 | 1 | |
| Accrued and other current liabilities (Note 11, Note 16) | 1 | 6,000 | |
| Contract liabilities and deferred revenue (Note 4) | 1 | 63,000 | |
| Current liabilities of discontinued operations (Note 3) | — | 3 | |
| Total current liabilities | 16 | 4 | |
| Non-current liabilities: | — | — | |
| Long-term payables (Note 11) | 3 | 1,000 | |
| Deferred taxes (Note 3) | 2 | — | |
| Other long-term liabilities (Note 11) | 842,000 | 250,000 | |
| Non-current liabilities of discontinued operations (Note 3) | — | 2 | |
| Total non-current liabilities | 6 | 2 | |
| Total liabilities | 22 | 6 | |
| Shareholders’ Equity*: | — | — | |
| Share capital (Note 13) | 3 | 78,000 | |
| Shares pending cancellation (Note 13) | −22,000 | — | |
| Capital reserves (Note 13) | 525 | 14 | |
| Accumulated deficit (Note 13) | −386 | −10 | |
| Brera Holdings shareholders’ equity | 142 | 4 | |
| Non-controlling interest | −41,000 | −160,000 | |
| Total Shareholders’ Equity | 142 | 4 | |
| Total Liabilities and Shareholders’ Equity | 164 | 10 |
Consolidated Statement of Cash Flows
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Statement of cash flows [abstract] | — | — | — | |
| Cash flows from operating activities: | — | — | — | |
| Net loss | −378 | −5 | −5 | |
| Net loss from discontinued operations | −711,000 | −1 | −2 | |
| Net loss from continuing operations | −377 | −4 | −3 | |
| Adjust net loss for items not involving cash: | — | — | — | |
| Depreciation and amortization (Note 2 and 10) | 1 | 85,000 | 32,000 | |
| Credit losses (Note 11) | 2 | — | — | |
| Impairment on non-financial assets (Note 7) | 82 | — | — | |
| Deferred tax benefit (Note 2) | 2 | — | — | |
| Net impairment loss on prepayment for digital assets (Note 9) | 14 | — | — | |
| Impairment on receivable for private company shares (Note 2) | 882,000 | — | — | |
| Fair value gain on financial assets at FVTPL | — | 7,000 | — | |
| Gain on previously held interest in acquired entity (Note 2) | 2 | — | — | |
| Staking income from digital assets (Note 9) | 2 | — | — | |
| Change in warrant expense (Note 13) | −44,000 | 14,000 | −164,000 | |
| Share-based compensation (Note 5, Note 14) | 269 | 961,000 | 280,000 | |
| Change in contingent consideration | 14,000 | 61,000 | −39,000 | |
| Interest expense | 251,000 | — | — | |
| Debt conversion | 43,000 | — | — | |
| Interest paid on long term borrowing | — | 5,000 | — | |
| Changes in working capital items: | — | — | — | |
| Accounts receivable and other receivables, net | −3 | −317,000 | 10,000 | |
| Prepayment and other current assets | −726,000 | −163,000 | 94,000 | |
| Accounts payable | 5 | 467,000 | 478,000 | |
| Contract liabilities and deferred revenue | 1 | −233,000 | 56,000 | |
| Accruals and other current liabilities | 1 | 55,000 | −152,000 | |
| Net cash used in operating activities from continuing operations | −10 | −3 | −3 | |
| Net cash provided by (used in) operating activities from discontinued operations | −701,000 | 9,000 | −389,000 | |
| Net cash used in operating activities | −11 | −3 | −3 | |
| Cash flows from investing activities: | — | — | — | |
| Acquisition of subsidiaries. net of cash acquired (Note 2) | 3 | 500,000 | 598,000 | |
| Purchase of property and equipment | 15,000 | 2,000 | — | |
| Purchase of digital assets (inclusive of prepayment) (Note 9) | 103 | — | — | |
| Purchase of intangible assets | 3 | — | — | |
| Purchase of financial assets at FVTPL | — | — | 422,000 | |
| Proceeds from sale of financial assets at FVTPL | — | 415,000 | — | |
| Net cash used in investing activities from continuing operations | −110 | −87,000 | −1 | |
| Net cash used in investing activities from discontinued operations | −32,000 | −208,000 | −989,000 | |
| Net cash used in investing activities | −110 | −295,000 | −2 | |
| Cash flows from financing activities: | — | — | — | |
| Loan from shareholder | 277,000 | — | — | |
| Proceeds from shares issuance for cash, net of issuance costs (Note 13) | 132 | 3 | 7 | |
| In-kind receipts from investments | 32 | — | — | |
| Redemption of Class A ordinary shares | 14,000 | — | — | |
| Proceeds from the debt borrowing | — | 294,000 | — | |
| Proceeds from warrant exercises (Note 13) | 167,000 | — | — | |
| Contribution from minority interest member | 713,000 | — | — | |
| Partial repayment of debt | 131,000 | 100,000 | 52,000 | |
| Net cash provided by financing activities from continuing operations | 133 | 3 | 7 | |
| Net cash provided by (used in) financing activities from discontinued operations | 488,000 | −137,000 | — | |
| Net cash provided by financing activities | 133 | 3 | 7 | |
| Net increase (decrease) in cash | 12 | −633,000 | 2 | |
| Cash, end of year | — | — | — | |
| Cash paid for acquisitions less cash acquired | — | — | −31,000 | |
| Effect of foreign exchange rate changes | 2 | −22,000 | 40,000 | |
| Cash, end of year | — | — | — | |
| Supplemental disclosures of non-cash cashflow information | — | — | — | |
| Right-of-use assets obtained in exchange for lease liabilities | — | — | 701,000 | |
| In-kind contribution of stock in private company | 8 | — | — | |
| Shares pending cancellation | 22,000 | — | — | |
| Non-cash contributions in exchange for digital assets | 99 | — | — | |
| Cash paid for: | — | — | — | |
| Income taxes | — | — | — | |
| Interest | — | — | — |