Brief

Queensland Ballet posts $5.24 million loss after 30% box‑office slump

The company’s 2025 results show a smaller loss than 2024 but a sharp revenue decline.

By Felo News Desk · Published Wed, 30 Sep 2026 00:22:06 GMT

Queensland Ballet announced a net operating loss of $5.24 million for the 2025 calendar year, citing a near‑30 percent drop in box‑office revenue, according to its annual report released on 30 September 2026.

The ballet’s total box‑office takings fell to $5.1 million from $7.6 million the previous year, with 50,098 tickets sold. The annual Giving Day exceeded its $2 million target, raising $2.22 million for the Academy of Queensland Ballet.

Government support amounted to $3.7 million from Arts Queensland, $1.3 million from the Departments of Education and Queensland Health, and $1.9 million from the Department of Housing and Public Works for a café fit‑out. Creative Australia contributed $873,440, far less than the more than $7 million received by the Australian Ballet.

Chair David Kelly said the result showed “encouraging progress in a challenging environment” but warned that long‑term sustainability would require continued cost discipline. Artistic director Ivan Gil‑Ortega added that the company must be ambitious about new work while being intelligent about creation and audience reach.

Key facts

• Queensland Ballet posted a $5.24 million net operating loss for 2025. (smh.com.au)
• Box‑office revenue fell about 30 percent to $5.1 million, with 50,098 tickets sold. (smh.com.au)
• The company received $3.7 million from Arts Queensland and $1.3 million from state departments. (smh.com.au)
• Creative Australia contributed $873,440, compared with over $7 million for the Australian Ballet. (smh.com.au)
• Giving Day raised $2.22 million, surpassing its $2 million target. (smh.com.au)

Sources

• [1] smh.com.au — originally reported as “Queensland Ballet financial results: Company posts net operating loss of $5. 24m after near 30pc box office slump”