THE Zimbabwe Football Association (ZIFA) recorded a 12% increase in revenue to US$4.645 million in 2025 while significantly increasing spending on football activities, according to its latest audited financial statements.
The accounts, for the year ended December 31 2025, received an unmodified audit opinion from BDO Zimbabwe, meaning the independent auditors found that the statements fairly presented ZIFA’s financial position, financial performance and cash flows in accordance with IFRS Accounting Standards.
The publication of the accounts also marks the second consecutive year that ZIFA has produced audited financial statements, which the association says reflects its drive to institutionalise financial accountability.
ZIFA’s revenue rose from US$4.143 million in 2024 to US$4.645 million in 2025, while revenue and other income combined reached approximately US$6.41 million.
Other income amounted to US$1.769 million and included Government grants and sponsorships, commercial sponsorship, merchandise and advertising income, pointing to a broader funding base for the association.
The increased income was accompanied by a sharp rise in expenditure on football activities, with match expenditure climbing from US$2.17 million in 2024 to US$3.98 million in 2025.
ZIFA said the increase reflected expanded national-team activities and football programmes.
The association also invested US$375,215 in property and equipment during the year, more than double the US$148 877 invested in 2024.
Despite the increased level of football activity, ZIFA recorded a relatively modest deficit of US$67,143 and ended the year with total assets of US$4.43 million and reserves of US$3.51 million.
ZIFA president Nqobile Magwizi said the latest results showed an association that was growing while strengthening its financial governance.
“For the second consecutive year, ZIFA has produced audited financial statements and placed its financial performance before its stakeholders. This reflects our commitment to making transparency, accountability and sound financial governance part of the institutional culture of ZIFA,” he said.
He said the financial results reflected increased revenue, a stronger asset base and the emergence of new commercial income streams, while resources directed towards national teams and football programmes had also increased substantially.
“The results demonstrate an Association that is growing. Revenue increased, our asset base strengthened, new commercial income streams emerged and, most importantly, we substantially increased the resources invested directly into national teams and football programmes,” he said.
The president described the unmodified audit opinion as an important endorsement of ZIFA’s financial governance systems.
“The unmodified audit opinion is an important endorsement of the financial governance systems we continue to strengthen,” he said.
He said the association’s long-term objective was to build confidence among its key stakeholders and the wider football community.
“Our ambition is to build a credible, transparent and financially sustainable ZIFA that inspires confidence among FIFA, CAF, Government, our sponsors and, above all, the Zimbabwean football family,” he said.
The publication of the 2025 accounts gives stakeholders a second consecutive audited financial record against which ZIFA’s financial performance, investment in football and institutional development can be assessed.