Anorthosis Famagusta publishes financial audit for 2014-2023

Ahead of its upcoming General Electoral Assembly, the Board of Directors of Anorthosis Famagusta has released a consolidated financial report for the years 2014 through 2023. An independent firm compiled the data based on audited financial statements to ensure transparency for club members. The report reveals that the company recorded net losses in nine out of the ten years within this period. The sole exception was 2021, when the club achieved a net profit attributed to revenue from European qualification rounds. Financial performance remained negative in 2022 and 2023. Consequently, the company's accumulated losses grew significantly during the decade. Accumulated losses rose from approximately €3.1 million at the end of 2014 to roughly €29.0 million by the end of 2023. The figures include adjustments for earlier fiscal periods to ensure accuracy in the final report.