Nomadar Corp. Annual Report: A Simple Guide

I’ve put together this guide to help you understand how Nomadar Corp. performed this year. My goal is to cut through the corporate jargon so you can decide if this company fits your investment goals.

1. What does this company do?

Think of Nomadar Corp. as the "business engine" for the Spanish soccer club, Cádiz CF. They aim to turn the club’s reputation into a global money-maker through:

• High-Performance Training: They run elite academies charging €15,000 per athlete, targeting 500 international prospects.
• Stadium Events: They manage the "JP Financial Stadium," earning money from concessions, hospitality suites, and concert bookings.
• Brand Licensing: They sell merchandise and run camps under the "Mágico González" name, which provides about 15% of their current revenue.
• Future Infrastructure: They plan to build a $334 million "JP Financial Arena" by 2031 to host 15,000 spectators.

2. How did they perform this year?

2025 was a year of heavy spending and very little income. The company brought in $450,000 in revenue but spent over $3.25 million. They are essentially a start-up in the body of a public company.

They burn through about $230,000 each month to build their infrastructure. Because they have almost no history of operations, they cannot predict when they will turn a profit. Their business model remains unproven.

3. Financial health: The "Life Support" System

This is the most critical part for any investor: Nomadar is not currently profitable.

• The "Going Concern" Warning: The company officially stated there is "substantial doubt" about their ability to stay in business. They lost $2.8 million in 2025, bringing their total losses to $5.4 million.
• The Parent Company Safety Net: They survive entirely on money from their parent company, Sportech. Sportech provided a $10 million credit line to keep them afloat through 2027. If Sportech faces its own money troubles or changes strategy, Nomadar could quickly run out of cash.
• The Dilution Problem: To get funding, Nomadar issued 4.2 million new shares to Sportech in 2025. Every time they issue shares to cover losses, your ownership percentage shrinks, which lowers your potential earnings per share.

4. Major risks: Why this is a gamble

• The Licensing Trap: Their main product relies on the "Mágico González" brand. If that licensing deal ends or the brand loses popularity, their primary revenue source disappears.
• Tech Reliance: They bet heavily on online sales. If their e-commerce tech fails or cannot handle high traffic during tournament registrations, their growth stalls.
• Partner Risk: Their success depends on others. If their partners or suppliers face scandals, it could destroy Nomadar’s reputation overnight.
• Natural Disasters: They are building in coastal Spain, which is prone to flooding. A major storm could delay construction and spike costs by 10-15%.
• Controlled Company: Insiders own over 91% of the voting power. You have almost no say in how the company is run.

5. Future outlook

Nomadar is a high-risk, speculative project. They are betting everything on a $334 million arena that is currently unfunded. They have no clear plan to raise the remaining $300 million needed to finish it. They also face the challenge of building a leadership team that can successfully bridge the gap between sports management and large-scale real estate development.

Investor takeaway: This is a company in the early stages of a very expensive, unproven plan. Before investing, ask yourself if you are comfortable with a company that relies entirely on a parent firm for survival and has yet to demonstrate a path to making its own money.