Nomadar Corp. Reports 11,388% Revenue Growth but Faces $2.76M Net Loss in 2025

Nomadar Corp., a subsidiary of Sport City Cádiz, S.L., reported significant financial developments in its recent 10-K filing for the fiscal year ending December 31, 2025. The company generated revenue of $921,940, a substantial increase from $8,025 in the previous year, marking a growth of 11,388%. However, Nomadar also reported a net loss of $2,767,318, which is a 102% increase from the prior year's loss of $1,372,991. The primary driver of this loss was professional fees totaling $2,766,385, largely associated with legal and accounting services related to its direct listing on the Nasdaq under the symbol "NOMA."

In terms of operational changes, Nomadar has entered into several strategic agreements, including a Framework Agreement with Cádiz CF to provide technical training staff for players enrolled in its programs. This agreement, effective for three years, allows Nomadar to coordinate player registrations and manage accommodations, while Cádiz CF will provide coaching staff and integrate players into its youth academy. Additionally, the company has launched the High Performance Training Program (HPT), which has enrolled approximately 900 athletes since its inception, with plans to expand its reach internationally.

Nomadar is also in the process of developing the JP Financial Arena, a multi-purpose event center in Cádiz, Spain, which is expected to host over 40,000 fans and include various commercial spaces. Construction is scheduled to begin in early 2027, but the company currently lacks the necessary funding, with an estimated total development cost of €285 million (approximately $334.1 million). As of December 31, 2025, Nomadar reported a working capital deficit of approximately $3.9 million and only $78,163 in cash, raising concerns about its ability to continue as a going concern.

The company has secured financial support from its parent company, Sportech, which has committed up to $10 million to fund operations through 2027. Additionally, Nomadar has entered into a Standby Equity Purchase Agreement with Yorkville, allowing it to sell up to $30 million in shares, although the actual proceeds will depend on market conditions. The company has also issued convertible notes to Yorkville, with a conversion price that has been adjusted downward due to recent stock sales.

Looking ahead, Nomadar's management acknowledges the challenges it faces, including the need for additional capital to support its operations and the successful execution of its business plans. The company is focused on leveraging its partnerships and expanding its training programs while navigating the competitive landscape of the sports and entertainment industry.