North Melbourne has recorded another positive financial result, announcing a 13th consecutive profit for the 2024 financial year.
The club achieved an overall consolidated operating profit before amortisation of $961,280. The overall net profit was $51,013 for the financial year ending October 31.
Total revenue increased from $50.6m in 2023 to $53.4m in 2024.
Net assets of the club are $19.2m, the same as in 2023.
A number of factors contributed to the club’s profit, notably an increase in home-game attendance at Marvel Stadium.
The 2024 season saw a five per cent increase in home-game attendance, with an average crowd of 30,500 enjoying Marvel Stadium’s redeveloped amenities.
The annual Good Friday SuperClash was a back-to-back sell-out, drawing 47,565 fans.
The club surpassed more than 50,000 members for a third consecutive year, with a total of 50,628 members signing on.
Club major partner Mazda Australia and platinum partner Spirit of Tasmania have continued in their support. Mazda Australia and North Melbourne hold one of the longest running partnerships in Australian sport and in 2024, the club and Mazda Australia celebrated 25 years of partnership.
Mazda Australia also confirmed its ongoing support of the club’s premiership-winning AFLW team, recently extending as major partner into 2025.
