HomeAustralia and New ZealandNetball Australia Announces Second Consecutive Operating Surplus

Netball Australia Announces Second Consecutive Operating Surplus

Netball Australia

Netball Australia Announces Second Consecutive Operating Surplus

Netball Australia has announce an operating surplus in 2023.

Off the back of solid game attendances and new commercial partnership, this marks the second consecutive surplus for Netball Australia, underscoring efforts to fortify the sport’s financial standing and expand their reach.

The 2023 financial outcomes were shared with Member Organisation Presidents and CEOs during the Annual General Meeting held on Thursday evening.

CEO Stacey West has expressed optimism about the positive momentum carrying into 2024, citing record turnouts at Suncorp Super Netball matches and significant viewership spikes on platforms like Kayo Sports, Foxtel Go, and Foxtel Now. West highlighted the sport’s stabilisation and growth in various aspects, as both fans and commercial and government entities are increasingly seeking deeper involvement with netball.

Netball Australia is strategically positioning itself for long-term success and continuous expansion to ensure netball’s sustainability for future generations. In 2023, Netball Australia achieved a surplus of $235,657, with revenue escalating by 15 percent to $44.67 million, while maintaining a debt level of $4.2 million. West emphasised the growing interest in netball demonstrated by the rise in companies wanting to associate with Netball Australia, and the active engagement of various state government’s with the sport, showcasing its broad appeal.

Grassroots participation numbers are also on the rise, nearing 1.2 million, and the Origin Australian Diamonds had a triumphant year by clinching the Netball World Cup in South Africa, along with victories in other tournaments like the Netball Quad Series, Constellation Cup, and the South Africa Series.

Chair Wendy Archer AM, who previously indicated her intention to step down as Chair at the AGM, affirmed netball’s establishment of a robust foundation to drive an ambitious growth agenda in the upcoming years. Archer praised the board’s commitment to fostering pathways for women and girls at all levels of the sport, welcoming the evolution and involvement of other Australian sporting codes within the movement.

The Netball Australia Board, while bidding farewell to Archer, will soon convene to elect a new Chair, as Kirrily Zimmerman continues her tenure as an Elected Director for another three years.

Stay connected with the Ministry of Sport for continued coverage on this story and join our community to stay informed on the latest trends and strategies that shape the sports business landscape.

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