Financial Recovery Facilitated, Signaling a Period of Economic Prosperity and Steadfastness
The Fédération Internationale de l'Automobile (FIA), the global regulator for motorsport and the international federation for mobility organizations, has announced a significant financial turnaround under the leadership of President Mohammed Ben Sulayem.
Following a comprehensive strategic transformation, the FIA reported an operating income of €182.0 million for the fiscal year 2024, a significant leap from a loss of €-24.0 million in 2021. The organization's operating result stood at a robust €4.7 million.
President Ben Sulayem, as pledged in his manifesto, has spearheaded this transformation focusing on internal systems and processes, team strengthening, and optimized working practices. The new modelensures effective decision making, increased budget control, and resource reallocation to strategic priorities.
In addition, the FIA has implemented a full-year audited financial report in May 2025, ahead of the Annual General Assembly in June. This year, the report will feature an enhanced P&L presentation format for improved clarity and transparency.
The organization now operates debt-free and boasts a healthy equity ratio of 45%. This financial transformation marks the end of a five-year long period of substantial operating loss, allowing the FIA to provide its 245 Member Clubs with a world-class service while reinvesting in the seven World Championships under its governance.
Ben Sulayem, proudly acknowledged this achievement, stating, "I have fulfilled my commitment to ensure a profitable operation. Today, I am proud to present the strongest financial results in eight years, improving governance, transparency, and the financial health of the FIA."
For media enquiries, contact Jonathan Refoy, Chief Communications Officer; Sophia Martin-Pavlou, Corporate Communications Director; or Geri Sherwin, Head of Presidential Communications, at their respective email addresses.
The FIA, founded in 1904, is a non-profit organization committed to innovation, advocating for safety, sustainability, and equality across motorsport and mobility. With offices in Paris, London, and Geneva, it brings together motor sports professionals, volunteers, and millions of road users across five continents. The FIA develops and enforces regulations for motorsports, ensuring worldwide competitions are safe and fair for all.
- In light of the financial turnaround, the FIA is now reinvesting in its seven World Championships, consequently improving its services for the 245 Member Clubs.
- Under the leadership of President Mohammed Ben Sulayem, the FIA has successfully implemented a strategy focusing on investing in internal systems, team strengthening, and optimized working practices, ultimately leading to a profitable operation.
