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Lions Tour Drives Record $50 Million Surplus for Rugby Australia

The surplus was driven by match-day revenue and joint-venture profits from the Lions tour, with 40,000 travelling fans boosting income, officials said.

  • On Wednesday, Rugby Australia announced a record $70.8 million operating surplus at its annual general meeting in Sydney, marking a dramatic turnaround from the $36.8 million loss posted in 2024.
  • The 2025 British and Irish Lions tour drove the windfall, exceeding initial profit forecasts by 40 per cent through a joint venture agreement that ended years of financial losses for the organization.
  • More than 370,000 fans attended 2025 home Tests, a record for a non-World Cup year, while Wallabies stars Angus Bell and Carter Gordon were cleared of season-ending injuries, with Gordon suffering only a "minor" knee cartilage injury.
  • Rugby Australia CEO Phil Waugh announced plans to establish an investment "Future Fund" using the $31.1 million cash surplus and expected $100 million from hosting the 2027 World Cup to secure long-term financial stability.
  • Despite the record profit, officials forecast a 2026 deficit and are working to minimize it, while RA remains committed to funding a full-time Wallaroos program and appointing a technical director within weeks.
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The 2025 tour of the British and Irish Lions generated a total turnover of €157.3 million for Rugby Australia, including €88.1 million in ticketing.

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The Australian Federation revealed this Wednesday that it had closed the year 2025 with a record surplus of 42 million euros. Part of this revenue is due to the excellent attendance in the stadiums during the tour of the British and Irish Lions

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Sydney Morning Herald broke the news in Sydney, Australia on Tuesday, April 21, 2026.
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