FIA Delivers Financial Turnaround, Marking New Era of Growth and Stability

The Fédération Internationale de L’Aphtmobile (FIA), the Global Government Body for Motor Sports and Federation for Mobility Organizations worldwide, has announced today a fundamental change in the financial health of Fédération, under the leadership of the FIA.

At the end of fiscal year 2024, the Fédération is pleased to inform that it has achieved a robust operational result of € 4.7 million and an operational income or € 182.0m. This is taken from considerable financial loss or € -24.0m in 2021, before President Mohammed Ben Sulayem was elected.

In line with the promise of the manifesto of President Mohammed Ben Sulayem, and under the new leadership of the FIA ​​since 2021, the organization has suffered an integral process of strategic transformation, designed to radically improve internal systems and processes. He has strengthened his teams, optimized his work practices and changed to a more efficient and financial sustainable model. The result of today, which will be published in its entirety in the Activity Report of Fias 2024 in June, reflects this positive transition.

The operating result of € 4.7 million marks a strong improvement of 2023, with an operational income growth of € +26.7M respectively +17% year after year. The FIA ​​is absent from any financial debt in fiscal year 2024, and reports a healthy or 45%capital ratio.

The current leadership team has worked rigorously since 2021 to improve its internal systems, controls and processes. It has strongly improved the control and acquisition automation, implemented internal quarterly reports and established a financial management model that allows effective decision -making within senior management. This model has allowed an increase in budget control and has allowed the FIA ​​to review it is the price and reallocate resources to better pursue its strategic priorities in the sport and mobility of the engine.

In addition to these important measures, the FIA ​​has introduced a second general assembly in the middle of the year, to ensure that the audial accounts of the previous year can be established within the appropriate for liberation. For the second consecutive year, the FIA ​​will publish a complete activity report in May 2025, before the General Assembly in June. This year, the activity report has been improved by a new P&L presentation format that improves clarity and transparency.

The strengthened financial health of the FIA ​​takes the organization of a period of five years of substantial operational loss, which allows it to provide a world class service to its 245 member clubs worldwide, as well as reinvest in the world seven. The FIA, which is a non -profit organization, is very continuous to boost its central objectives such as grassroots participation strengthening in automobile sport and boosting the sustainability agenda in all areas.

Mohammed Ben Sulayem, president of the FIA, said: “After my election as president of the FIA, I promised to guarantee a profitable operation. Today I am incredibly proud to demonstrate that we have achieved this mission, delivering the largest set of financial results in eight years. Improving governance, transparency and financial health and financial health of the FIA ​​was central to my manifest to all the internal position to all the time of health and the internal position to all the change to all the time of health and the internal position to all the change to the quality of the coast.

Finnish

For media consultations, communicate with:

Jonathan Refoy, Communications Director of the FIA: jrefoy@fia.com

Sophia Martin-Pavlou, Director of Corporate Communications of the FIA: smartin-pavlou@fia.com

Geri Sherwin, Head of Presidential Communications of the FIA: gserwin@fia.com

The International Fédération of L’Aphtmobile (FIA) is the Government Organ for Motor Sports and the Federation for Mobility Organizations worldwide. It is a non -profit organization committed to promoting innovation and defending security, sustainability and equality in motor sport and mobility.

Founded in 1904, with offices in Paris, London and Geneva, the FIA ​​brings together 245 member organizations on five continents, representing millions of road users, motor sports professionals and volunteers. It develops the Motor Sport regulations, including seven FIA World Championships, to ensure that world competitions are safe and fair to all.