Nomadar Corp.

What they do

Nomadar generates revenue through high-performance soccer training programs, player enrollment, and related services, leveraging its relationship with Cádiz CF. It has agreements with partners like ENJOYFOOTBALL, H.O.P.E. Foundation, and Mexiaa FC to provide training, talent identification, and technical exchange. The company also has a Concerts and Events division contributing to revenue. Operations began in earnest in 2025 after a direct listing on Nasdaq.

Revenue drivers

• High-Performance Training (HPT) programs — Primary revenue driver; provides training and related services to players enrolled via partners like ENJOYFOOTBALL, with services coordinated under the Framework Agreement with Cádiz CF.
• Concerts and Events division — Contributed to 2025 revenue of $921,940, but specific amount is not disclosed; described as one of two verticals driving early-stage revenue.
• International player services — Under the Framework Agreement, Nomadar coordinates registration, accommodation, and merchandising for international players, invoicing Cádiz CF for these services.
• Future verticals — Three other verticals (proposed or active) are in development, with limited revenue to date; includes JP Financial Arena and other real estate infrastructure projects.

Recent performance

For fiscal year 2025, Nomadar reported revenue of $921,940, up from $8,025 in 2024, and a net loss of $2.77 million, wider than the $1.37 million loss in 2024. Gross margin was 51.8%, with gross profit of $477,082, and operating expenses rose to $3.17 million due to listing-related costs. Quarterly revenue grew from $186,937 in Q1 2025 to $403,800 in Q1 2026. Cash and equivalents were $78,163 as of December 31, 2025, with stockholders' equity of $7.12 million.

Strategy

Management is focused on scaling high-performance training and the Concerts and Events division, while progressing real estate infrastructure projects like JP Financial Arena. The company is leveraging its relationship with Cádiz CF to integrate its training methodologies into the club's youth academy and attract international players. It aims to raise capital through a standby equity purchase agreement with Yorkville (up to $30 million) and $10 million commitment from its controlling shareholder Sport City Cádiz. Recent agreements with H.O.P.E. and Mexiaa are part of expanding its international reach in Ecuador and Mexico.

Risks

• Limited revenue and profitability — Generated only $921,940 in 2025, with net losses and negative operating cash flow; there is no guarantee of long-term profitability.
• Dependence on Cádiz CF — Business relies on the performance and popularity of Cádiz CF men's first team; poor results or reputation could materially impact operations.
• Capital needs — Requires significant future capital to execute growth plans; availability on acceptable terms is uncertain, and the SEPA and shareholder commitments may not be fully realized.
• Project execution risk — JP Financial Arena may not be completed in the proposed timeframe, within budget, or at all, which could affect future revenue streams.

Outlook

Management states it has secured approximately $2 million in contracted revenue for 2026, more than doubling 2025 revenue, driven by initial business lines. The controlling shareholder has committed to $10 million in investment within 18 months post-listing; as of Q1 2026, $7.3 million has been secured in new investor commitments. The company expects to leverage recent capital support and a normalized cost structure to accelerate growth into a scalable global sports platform.