The Union Cycliste Internationale (UCI) is pleased to announce the publication of its Annual Report - including the financial statement - for 2024. The document can be consulted on the UCI website.
Approved by the UCI Management Committee, the 2024 UCI Annual Report features sporting and institutional highlights of the year under review. These included the Paris 2024 Olympic and Paralympic Games where cycling was again one of the major sports on the programme with five disciplines at the Olympics (road, track, mountain bike, BMX Racing and BMX Freestyle) and two at the Paralympics (road and track). All competitions were held against magnificent backdrops with huge crowds present to watch the action. The beginning of the year saw the organisation of the first UCI Snow Bike World Championships, which were held in Châtel, Haute-Savoie (France), on 10 and 11 February. Another first was the union of the world’s best para-cyclists and non-para-cyclists in a combined UCI World Championships dedicated to the road discipline. The 2024 UCI Road and Para-cycling Road World Championships were held in Zurich, Switzerland, from 21 to 29 September in a context of inclusion.
The UCI’s work to improve rider safety continued in line with the UCI’s Agenda 2030 and on the recommendations of SafeR, the entity dedicated to safety at professional road cycling competitions. This work included the introduction of new measures to promote safety at women’s and men’s competitions and has seen a new impetus to improve safety through research, testing and consultation.
When it comes to integrity, the UCI launched a campaign aimed at ensuring that all cycling stakeholders contribute to keeping our sport fair. Fair Cycling is one of the three pillars of the UCI’s Cycling Integrity programme (alongside Clean Cycling and Safe Cycling) and its campaign raises awareness about all forms of competition manipulation.
As far as governance is concerned, the Fifth Review of International Federation Governance (2023-2024)
carried out by the Association of Summer Olympic International Federations (ASOIF) saw the UCI maintain its position among sport’s top International Federations. Just one point separates the UCI from the top spot.
The UCI’s development and solidarity activities carried out through the UCI World Cycling Centre (WCC), its high-level training and education centre, are also detailed in the UCI Annual Report. The year before the first UCI Road World Championships to be held on the African continent – in Kigali, Rwanda – the Africa 2025 project to prepare young African riders for this event gained momentum. Meanwhile, three new UCI WCC Continental Development Satellites opened in 2024: in Cambridge (New Zealand), Shanghai (China) and Lima (Peru).
In keeping with its policy of transparency, the UCI also presents in its 2024 Annual Report the audited consolidated financial statements of the UCI and the UCI WCC, and the audited financial statements of the UCI for 2024, prepared and audited in accordance with Swiss accounting standards (Swiss GAAP FER).
The UCI's annual result was 25.9 million Swiss francs. Olympic years are always exceptional years for the UCI's finances, with the recognition of revenues related to the Olympic Games. The revenues attributed to the UCI for Paris 2024 amount to almost 25.7 million US dollars (USD), an increase of 1.4 million USD compared to the Tokyo 2020 Olympic Games. These revenues will be used to finance the UCI's development and solidarity activities, including the training activities of the UCI WCC until the end of 2028.
The 2021 to 2024 cycle (excluding revenues from the Paris 2024 Games) ended with a strong surplus of CHF 9.1 million, confirming the UCI's ability to achieve its annual objectives while implementing prudent management of its financial resources.
At the end of the last two Olympic cycles (2017-2020 and 2021-2024), the UCI has rebuilt its reserves to a level well above the CHF 20 million target set by the UCI Management Committee, and they are now at a historically high level. Reserves amount to some 53.2 million Swiss francs (excluding buildings).
The UCI Annual Report also contains information about the Federation and its activities, including a presentation of the disciplines it governs, the list and composition of its governing bodies, commissions and jurisdictional bodies, the list of its 205 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: “The UCI’s Agenda 2030 continues to provide a guiding pathway for our Federation as we work to progress cycling worldwide, together with our sport’s stakeholders. Among the many achievements in 2024 was the first edition of the UCI Snow Bike World Championships, and the magnificent presence of cycling at the Paris 2024 Olympic and Paralympic Games. Meanwhile, we are in full preparation for the 2025 UCI Road World Championships in Kigali, Rwanda, which will be a first for the African continent, another of the objectives set out in our Agenda 2030.”
UCI Director General Amina Lanaya said: "We can look back at 2024 with a great deal of satisfaction both for the sport of cycling and its governance. Thanks to our prudent management and continued efforts to achieve savings, we are in a strong financial position that notably enables us to invest in the objectives of our Agenda 2030 with greater peace of mind. One of the year’s highlights was undoubtedly the combination of our UCI World Championships for road and para-cycling road in Zurich, Switzerland. This event highlighted our desire to increase inclusivity in cycling. We also continued to advance in areas such as integrity, sustainability, and rider safety. Our efforts have been recognised by ASOIF which again ranks us among the top Federations when it comes to sports governance.”