Overview

• New Zealand Rugby (NZR) announced a NZ$19.5 million loss for the 2024 financial year, marking its third straight annual deficit.
• Record income of NZ$285 million was offset by a 10% rise in expenses, foreign currency hedging losses, and increased commercial investments.
• Chief Executive Mark Robinson emphasized that the current financial structure, with high fixed costs like player wages, is not sustainable.
• NZR retains NZ$174.5 million in reserves, maintaining a strong balance sheet to navigate future financial uncertainties.
• The organization continues to face broader challenges, including declining spectator numbers and financial struggles among provincial unions.