Fondazione Cortina closed the financial year ending 30 June 2026 with a net profit of more than €202,000 (+120%) and net assets exceeding €818,000 (+33%). The result caps a year defined by the preparation and local delivery of the Milano Cortina 2026 Olympic and Paralympic Winter Games, the culmination of the path Fondazione Cortina set out on in 2022 – a path that has generated €26 million in direct impact on the Veneto region.
Revenue more than tripled year on year to over €13.7 million (+125%), a figure that chiefly reflects the completion of the contracts awarded to Fondazione Cortina by Fondazione Milano Cortina 2026 for the design, organisation, set-up and management of the events and activities connected to the Games on the ground (€11.1 million in total). A further €1.16 million came from logistics services provided during the Games to federations, national Olympic committees and commercial partners, alongside €740,000 in sponsorship and partnership revenue.
Over the same period Fondazione Cortina incurred total costs of €13.3 million (+126% on 2025), the majority of which generated direct impact on the local area and on local businesses, which provided support in delivering the various services guaranteed by Fondazione Cortina.
Fondazione Cortina thus brings an important chapter of work to a close, built on transparency and sound management, thanks to PWC’s support for financial planning and management control, a voluntary audit by KPMG and the voluntary adoption of the Organisation and Management Model under Italian Legislative Decree 231/2001, overseen by a dedicated Supervisory Board.