FINANCIAL HIGHLIGHTS

Total income, including an allocation of HK$941.6 million (2023/24: HK$863 million) received from the Elite Athletes Development Fund (“EADF”) in 2024/25, was HK$1,094 million; of which HK$858.4 million (81%) was allocated to the Elite Training System, while HK$199.4 million (19%) was spent on the institute’s operation expenses.

The allocation of HK$858.4 million to the Elite Training System included HK$202.2 million in payments to athletes under the “Direct Financial Support Scheme” and HK$656.2 million for athletes’ training programmes (including training programmes for Tier A and Tier B sports, Team sports, and Para sports), sports science and medicine support, lifestyle provisions and education subsidies for the athletes.

Total expenditure in 2024/25 was HK$1,057.8 million (2023/24: HK$1,004.2 million), representing an increase of 5% compared to the 2023/24 expenditure. The increase in the number of athletes receiving Direct Financial Support, along with the opening of the New Facilities Building in December 2024, contributed to the rise in the expenditure for 2024/25.

In the 2024/25 budget, it was planned to use HK$53.3 million from the General Reserve, which had accumulated to HK$289.8 million, to fund part of the 2024/25 operating expenditure. By allocating resources strategically and taking a prudent approach to spending, the HKSI achieved an operating surplus of HK$36.2 million for the year.

For the financial year ended 31 March 2025

Further financial information is detailed in the Hong Kong Sports Institute Limited Directors’ Report & Financial Statements and The Hong Kong Jockey Club Elite Athletes Fund Financial Statements.