The Fremantle Football Club has posted a 2022 operating profit of $2.43m, which compares to a profit of $1.55m for 2021.
CEO Simon Garlick attributed the result to a combination of significant revenue growth, with record revenue years across several of our Consumer and Commercial departments, along with cost management disciplines which have continued as the Club emerges from the pandemic. Revenue grew 26% on 2021, surpassing pre-pandemic levels much earlier than was initially forecast.
“This year we continued to enjoy incredible support from the Freo family,” Garlick said.
"The revenue growth and resulting profit has enabled us to continue to improve our financial position which will be critical for the Club to achieve what we set out in our 2021-2025 Strategic Plan, including significant investment in our facilities, people and operations.”
Match ticket sales in 2022 were again a key driver in the Club’s revenue growth, with on-field performance, the floating fixture and strong crowd-drawing opponents enabling marquee timeslots for home matches during the back half of the season.
“It’s not lost on us how significant it is to finish fourth in attendance across the league when we cannot rely on opposition fan support to drive our numbers up like the Victorian Clubs.”
Fremantle continued its on-going support of the WA football community, with a WA Football Commission royalty payment of $2.25m.
