The FIA has reported a major financial turnaround for fiscal year 2024, achieving an operating result of €4.7 million, marking its best performance in nearly ten years and a stark contrast to the €24 million operating loss posted in 2021.
The Fédération Internationale de l’Automobile (FIA), headquartered in Geneva and the governing body for global motor sport and mobility, confirmed the improved figures ahead of the publication of its full 2024 Activity Report in June. Under the presidency of Mohammed Ben Sulayem, elected at the end of 2021, the FIA has undertaken significant structural and financial reforms.
The federation recorded an operating income of €182 million for the year, with no financial debt at the end of the fiscal period and an equity ratio of 45 percent. The year-on-year increase in operating income stands at €26.7 million, a 17 percent gain over 2023.
Ben Sulayem: A profitable operation was the mission
FIA President Ben Sulayem said: “Upon my election as President of the FIA, I committed to ensuring a profitable operation. Today, I am incredibly proud to show that we have achieved this mission, delivering the strongest set of financial results in eight years.
“Improving the governance, transparency and financial health of the FIA was central to my manifesto pledge, and I will continue to work with all of our internal and external stakeholders to drive positive change within the FIA, to deliver better outcomes for our Member Clubs, our people and for all.”
The improvement follows several internal changes since 2021, including enhanced procurement control, the introduction of internal quarterly financial reporting, and a new steering model to guide resource allocation and senior-level decision making.
Financial stability to support future investment
Additionally, the FIA has now introduced a second General Assembly mid-year to allow for the timely presentation of audited financial results. The 2024 Activity Report will feature a revised profit and loss presentation format aimed at increasing clarity and transparency.
After five consecutive years of operating losses, the FIA’s renewed financial health allows it to reinvest in the seven World Championships under its governance and provide stronger support to its 245 Member Clubs globally.
As a not-for-profit organisation, the FIA says the result puts it in a strong position to continue supporting grassroots motor sport initiatives and expanding its sustainability agenda across both sport and mobility sectors.
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