(11) Financial liabilities

In order to finance investments in property, plant and equipment, Borussia Dortmund has loans in place totalling EUR 63,200 thousand, of which EUR 37,200 thousand had been drawn down as at the end of the reporting period. As at 30 June 2026, EUR 28,489 thousand was outstanding (30 June 2025: EUR 34,173 thousand). These loans are primarily secured against items of property, plant and equipment.

As of the reporting date, financial liabilities amounted to EUR 28,489 thousand (30 June 2025: EUR 34,173 thousand), of which EUR 23,247 thousand (30 June 2025: EUR 29,025 thousand) were non-current and EUR 5,242 thousand (30 June 2025: EUR 5,148 thousand) current. The interest rate swap designated as a hedging instrument had a positive value of EUR 188 thousand as at the end of the reporting period (as at 30 June 2025: negative value of EUR 575 thousand) and is classified as non-current. Changes in value are recognised in other comprehensive income.