ZIFA pledges transparency as audited accounts show US$4.6m revenue growth

The Zimbabwe Football Association (ZIFA) has reaffirmed its commitment to transparency, accountability and sound financial governance following the publication of its 2025 audited financial statements, which received an unmodified audit opinion from BDO Zimbabwe.

The audit opinion confirms that the financial statements fairly present ZIFA's financial position, performance and cash flows in accordance with IFRS Accounting Standards. It also marks the second consecutive year that ZIFA has produced audited financials — a development the association says reflects the institutionalisation of financial accountability.

"For the second consecutive year, ZIFA has produced audited financial statements and placed its financial performance before its stakeholders. This reflects our commitment to making transparency, accountability and sound financial governance part of the institutional culture of ZIFA," ZIFA president Nqobile Magwizi said.

ZIFA's revenue increased from US$4.143 million in 2024 to US$4.645 million in 2025, representing growth of about 12 percent. Combined revenue and other income stood at US$6.41 million, with US$1.769 million coming from government grants, commercial sponsorships, merchandise and advertising.

"The results demonstrate an association that is growing. Revenue increased, our asset base strengthened, new commercial income streams emerged and, most importantly, we substantially increased the resources invested directly into national teams and football programmes," Magwizi said.

The figures point to a broadening income base as ZIFA seeks to strengthen its financial position and increase investment in football. Magwizi said the unmodified audit opinion was an important endorsement of the financial governance systems being strengthened.

"Our ambition is to build a credible, transparent and financially sustainable ZIFA that inspires confidence among FIFA, CAF, Government, our sponsors and, above all, the Zimbabwean football family," he said.

ZIFA closed the year with total assets of US$4.43 million and reserves of US$3.51 million, despite a substantial increase in football‑related spending. Match expenditure rose from US$2.17 million in 2024 to US$3.98 million in 2025, reflecting increased national‑team activity and football programmes.

The association also more than doubled its investment in property and equipment, from US$148 877 in 2024 to US$375 215 in 2025.

Despite the increased activity, ZIFA recorded a relatively modest deficit of US$67 143, while retaining reserves of approximately US$3.51 million.

This development contributes to wider discussions around sports governance and football administration reforms.