v3.26.1
Sports Portfolio Acquisitions and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Sports Portfolio Acquisitions and Discontinued Operations [Abstract]  
Schedule of Discontinued Operations

IFRS 3 Purchase Price Allocation of Juve Stabia

 

  

Purchase Price Allocation June 20,

2025

 
Net Tangible Assets    
Current assets  €2,340(*)
Current liabilities minus short term debt   (6,143)
Net working capital   (3,803)
Fixed assets, net   31 
Other assets   7 
Deferred tax liability   (4,062)
Total tangible asset allocation  €(7,827)
      
Identifiable Intangible Assets     
Player contracts  €1,530 
Broadcasting rights   2,600 
Brand   8,930 
Advertising   1,100 
Season ticket holders   400 
Total identifiable intangible assets  €14,560 
      
Implied goodwill   9,999 
Total economic goodwill   9,999 
      
Business Enterprise Value (BEV)   16,732 
      
Long-term debt  €(4,727)
Non-controlling interest   (483)
Total Purchase Price  €11,522

(**)

 

(*)Current assets include the cash acquired amounting to €150. The total net cash consideration related to our acquisition of Juve Stabia amounted to €3,600. The net cash consideration related to our acquisition of Juve Stabia recognized for the year ended December 31, 2025 amounted to €3,100, as reflected in the consolidated statement of cash flows under investing activity.

 

(**)As part of the step-up acquisition, Brera Holdings obtained control of Juve Stabia on June 20, 2025, in which it previously held a non controlling equity interest of 38.46% prior to obtaining control. In accordance with IFRS 3, the previously held investment was remeasured to its fair value of approximately €7,042 as of the acquisition date, compared to its prior carrying amount of approximately €5,000. The resulting gain of approximately €2,042 was recognized in profit or loss under other income (expense).
Schedule of Condensed Consolidated Statement of Profit or Loss

Below represents the profit or loss of Juve Stabia since the acquisition date included in the condensed consolidated statement of profit or loss for the year ended December 31, 2025

 

  

December 31,

2025

 
Revenue  €2,577 
Operating expenses     
Equity based expense and warrants   
-
 
General and administrative expenses   12,068 
Impairment of non-financial assets   
-
 
Total operating expenses   12,068 
Operating loss   (9,491)
      
Other income (expense):     
Interest expense   (63)
Other income   5,156 
Total other income, net  €5,093 
      
Loss before income taxes  €(4,398)
Provision for income taxes   150 
Net loss  €(4,548)
Schedule of Unaudited Pro Forma Profit and Loss

The following unaudited pro forma profit and loss of the Company for the year ended December 31, 2025 give effect to the XX Settembre Agreement as if they had occurred on January 1, 2025

 

   Historical
Brera
Holdings
PLC(*)		   Historical
Juve Stabia
(**)		   Unaudited Pro
Forma
Adjustments
(***)		   Unaudited Pro
Forma
Combined		 
Revenue  €4,484   €6,973   €
-
   €11,457 
Operating expense                    
Equity based expenses and warrants   269,125    
-
    
-
    269,125 
General and administrative expense   37,871    10,280    567    48,718 
Impairment of non-financial assets   81,999    
-
    
-
    81,999 
Total operating expenses   388,995    10,280    567    399,842 
Operating loss from continuing operations   (384,511)   (3,307)   (567)   (388,385)
Other income (expense):                    
Interest expense   (229)   (95)   
-
    (324)
Other income   6,297    468    
-
    6,765 
Total other income   6,068    373    
-
    6,441 
                     
Loss before income taxes from continuing operations   (378,443)   (2,934)   (567)   (381,944)
Provision for income taxes   (1,109)   294    
-
    (815)
Net loss from continuing operations   (377,334)   (3,228)   (567)   (381,129)
Loss from discontinued operations, net of tax   (711)   
-
    
-
    (711)
                     
Net loss  €(378,045)  €(3,228)  €(567)  €(381,840)
                     
Attributable to the Company   (376,223)   (1,679)   (295)   (378,197)
Attributable to non-controlling interest   (1,822)   (1,549)   (272)   (3,643)
    (378,045)   (3,228)   (567)   (381,840)
Other comprehensive income (loss):                    
Foreign currency translation adjustments   2,270    
-
    
-
    2,270 
Total comprehensive loss  €(375,775)  €(3,228)  €(567)  €(379,570)
                     
Weighted average shares outstanding - basic and diluted:                    
Ordinary shares - Class A   45,142              45,142 
Ordinary shares - Class B   2,269,090              2,269,090 
Net loss per share from continuing operations - basic and diluted                    
Ordinary shares - Class A   (162.42)             (163.42)
Ordinary shares - Class B   (162.42)             (163.42)
Net loss per share from discontinued operations - basic and diluted                    
Ordinary shares - Class A   (0.15)             (1.57)
Ordinary shares - Class B   (0.15)             (1.57)

 

(*)Includes the profit and loss activity of Juve Stabia from June 21, 2025 to December 31, 2025

 

(**)Includes the profit and loss activity of Juve Stabia from January 1, 2025 through June 20, 2025 (date of acquisition)

 

(***)Unaudited pro forma adjustment pertains to amortization of intangibles for the period of January 1, 2025 through June 20, 2025.

The following unaudited pro forma profit and loss of the Company for the year ended December 31, 2024 give effect to the XX Settembre Agreement as if they had occurred on January 1, 2024

 

   Historical
Brera
Holdings
PLC		   Historical
Juve Stabia		   Unaudited Pro
Forma
Adjustments
(*)		   Unaudited
Pro
Forma
Combined		 
Revenue  €1,193   €6,548   €
-
   €7,741 
Operating expense                    
Equity based expenses and warrants   961    
-
    
-
    961 
General and administrative expense   4,473    11,349    1,210    17,032 
Impairment of non-financial assets   -    
-
    
-
    
-
 
Total operating expenses   5,434    11,349    1,210    17,993 
Operating loss from continuing operations   (4,241)   (4,801)   (1,210)   (10,252)
Other income (expense):                    
Interest expense   (8)   (130)   
-
    (138)
Other income   412    791    
-
    1,203 
Total other income   404    661    
-
    1,065 
                     
Loss before income taxes from continuing operations   (3,837)   (4,140)   (1,210)   (9,187)
Provision for income taxes   -    115    
-
    115 
Net loss from continuing operations   (3,837)   (4,255)   (1,210)   (9,302)
                     
Loss from discontinued operations, net of tax   (1,212)   
-
    
-
    (1,212)
                     
Net loss  €(5,049)  €(4,255)  €(1,210)  €(10,514)
                     
Attributable to the Company   (4,428)   (2,111)   (629)   (7,168)
Attributable to non-controlling interest   (621)   (2,144)   (581)   (3,346)
    (5,049)   (4,255)   (1,210)   (10,514)
Other comprehensive income (loss):                    
Foreign currency translation adjustments   (28)   
-
    
-
    (28)
Total comprehensive loss  €(5,077)  €(4,255)  €(1,210)  €(10,542)
                     
Weighted average shares outstanding - basic and diluted:                    
Ordinary shares - Class A   65,950              65,950 
Ordinary shares - Class B   58,634              58,634 
Net loss per share from continuing operations - basic and diluted                    
Ordinary shares - Class A   (35.65)             (74.66)
Ordinary shares - Class B   (35.65)             (74.66)
Net loss per share from discontinued operations - basic and diluted                    
Ordinary shares - Class A   (9.76)             (9.72)
Ordinary shares - Class B   (9.76)             (9.72)

 

(*)Unaudited pro forma adjustment pertains to amortization of intangibles for the year ended of December 31, 2024
Schedule of Discontinued Operations

At the date control was lost, UYBA had total assets of approximately €4,300 and total liabilities of approximately €4,700, resulting in a net deficit position of approximately €365. See below table for details of the net deficit:

 

  

June 17,

2025

 
ASSETS    
Current assets:    
Cash  €268 
Trade and other receivables   730 
Inventory   4 
Deposits and prepayments   24 
Total current assets   1,026 
Non-current assets:     
Property and equipment   1,003 
Right-of-use assets, net   458 
Goodwill   471 
Intangible assets   1,336 
Total assets  €4,294 
      
LIABILITIES AND NET DEFICIT     
Current liabilities     
Trade and other payables  €1,973 
Deferred revenue   16 
Lease liabilities   33 
Loan payable   77 
Bank overdraft   324 
Total current liabilities   2,423 
      
Non-current liabilities     
Trade and other payables   1,104 
Lease liabilities   506 
Loan payable   625 
Total non-current liabilities   2,235 
Total liabilities   4,658 
Net deficit  €(364)

See the tables below for the summary of assets and liabilities of UYBA classified as discontinued operations as of and for the periods presented

 

  

December 31,

2024

 
ASSETS    
Current assets:    
Cash  €10 
Accounts receivable and other receivables, net   690 
Inventory   4 
Deposits and prepayments   29 
Total current assets of discontinued operations   733 
Non-current assets:     
Property and equipment   1,327 
Right-of-use assets, net   508 
Goodwill   167 
Intangible assets   1,783 
Total assets of discontinued operations  €4,518 
      
LIABILITIES AND SHAREHOLDERS’ EQUITY     
Current liabilities     
Trade and other payables  €1,974 
Deferred revenue   229 
Lease liabilities   68 
Loan payable   75 
Bank overdraft   339 
Total current liabilities of discontinued operations   2,685 
      
Non-current liabilities     
Trade and other payables   1,195 
Lease liabilities   497 
Loan payable   138 
Total non-current liabilities of discontinued operations   1,830 
Total liabilities of discontinued operations  €4,515 

See the tables below for the summary of statement of operations of UYBA classified as discontinued operations as of and for the periods presented

 

  

December 31,

2025 

  

December 31,

2024

  

December 31,

2023

 
Revenue  €972   €1,693   €837 
Operating expenses               
Equity-based expenses and warrants   
-
    
-
    
-
 
General and administrative expenses   1,599    3,008    2,460 
Impairment of non-financial assets   
-
    
-
    
-
 
Total operating expenses   1,599    3,008    2,460 
                
Other income (expense):               
Interest income (expense)   (22)   (65)   (51)
Other income   35    127    (17)
Net gain/loss on disposal of subsidiary   (97)   
-
    
-
 
Total other  expenses, net   (84)   62    (68)
                
Loss before income taxes   (711)   (1,253)   (1,691)
Provision for income taxes   
-
    41    41 
Net loss   (711)   (1,212)   (1,732)

  

   December 31, 
   2025   2024   2023 
Net cash provided by (used in) operating activities from discontinued operations  €(701)  €9   €(389)
Net cash provided by (used in) investing activities from discontinued operations  €(33)  €(208)  €(989)
Net cash provided by (used in) financing activities from discontinued operations  €488   €(137)  €-