The UCI publishes its 2022 Annual Report - cycling continues to progress despite a difficult political and economic environment

2022 UCI Annual Report

The Union Cycliste Internationale (UCI) is pleased to announce the publication of its Annual Report - including the financial statements – for 2022. The full document can be consulted on the UCI website.

Approved by the International Federation's Management Committee, the 2022 UCI Annual Report highlights the many advances made by the UCI and cycling during the period under review.

The 2022 UCI Annual Report shows that in an international health context that has finally returned to normal in the vast majority of regions of the world, the Federation achieved more than 90% of the objectives of its Agenda 2022, prior to the approval of its Agenda 2030 at the UCI Congress in Wollongong (Australia) last September. The UCI continued to make progress not only in sport (first edition of the UCI Gravel World Series and the UCI Gravel World Championships, organisation of the UCI Cycling Esports World Championships in an innovative and even more attractive format, integration of a team relay at the UCI Cyclo-cross World Championships and launch of a completely revised and revitalised UCI Mountain Bike World Cup for 2023... ), but also in areas such as women's cycling (notably with the first edition of the Tour de France Femmes with Zwift, which was widely covered by the media and a huge popular success), integrity in cycling (with the launch of the Cycling Integrity programme), sustainable development and cycling for all.

Development and solidarity activities carried out in 2022 by the UCI through the UCI World Cycling Centre (WCC), its high-level training centre which celebrated its 20th anniversary that year, are also detailed in the 2022 UCI Annual Report.

In keeping with its policy of transparency, the UCI also presents in its 2022 Annual Report the audited consolidated financial statements of the UCI and the UCI WCC, and the audited financial statements of the UCI for 2022, prepared and audited in accordance with Swiss accounting standards (Swiss GAAP FER).

The UCI’s Financial Report is in line with the financial plan for the current cycle and shows an expected operating loss of CHF 4 million. The final annual result for the year was significantly affected by the decline in the UCI's investment portfolio, as a result of the impact of the geopolitical and economic environment on the financial markets. The loss amounted to CHF 9.1 million.

The financial situation is analysed over a four-year cycle, taking into account the recognition of Olympic revenues in the Olympic year alone. The operating result over four years is expected to show a surplus of approximately CHF 0.6 million.

Despite the temporary loss in the investment portfolio, the UCI's reserves remain above the target of a minimum reserve threshold (excluding buildings and fixed assets) of CHF 20 million from 2020 onwards (current amount: CHF 30.3 million).

The financial plan up to the end of 2024 continues as planned, and the UCI remains in a good position to face the end of the current Olympic cycle. The UCI's balance sheet at the end of 2022 is still solid and allows for the best possible planning and definition of the financial resources for the implementation of the UCI Agenda 2030, the Federation's roadmap for the next eight years.

The UCI's 2022 Annual Report also contains a great deal of useful information about the Federation and its activities, including a presentation of the disciplines it deals with, the list and composition of its governing bodies, commissions and jurisdictional bodies, the list of its 202 affiliated National Federations, and the results and rankings of all UCI events (UCI World Championships, UCI World Cups and other UCI series) for the season.

UCI President David Lappartient said: "In 2022, the UCI reached the end of the period covered by its Agenda 2022. We are proud to have achieved more than 90% of our objectives in all the key areas of the UCI's activities, whether at the level of sport or governance. The approval of cycling’s Agenda 2030 by our National Federations at our 2022 Congress gives us a clear idea of how we want cycling to evolve over the next eight years, and the societal goals to which it will contribute, in areas as fundamental as sustainable development and the well-being of people around the world."

UCI Director General Amina Lanaya said: "Alongside the development of the sport of cycling, the UCI is very committed to issues such as the promotion of women, integrity and the contribution of cycling to sustainable development. We continued to work in this direction in 2022 and are proud to be making progress every day. In 2022, a large part of our resources was also mobilised to take up the challenge of organising the first edition of the 2023 UCI Cycling World Championships, the fruit of our President's vision, which will bring together 13 UCI World Championships in Glasgow and across Scotland from 3 to 13 August. This will be another historic step in the long list of advances made by the UCI and cycling over the last few years.”

2022 UCI Annual Report