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Queensland Ballet posted a net operating loss of $5.24 million in 2025 due to a nearly 30 percent drop in box office revenue, though total income rose 13 percent to $24.9 million with strong support from government funding and charitable donations.
Queensland Ballet posted a net operating loss of $5.24 million after a near 30 per cent slump in annual box office revenue. Total income rose 13 per cent on the prior year to $24.9 million, according to its 2025 annual report.
Queensland Ballet chair Brett Clark OAM said the result represented encouraging progress in a challenging environment, but long-term sustainability would “require continued cost discipline across the organisation”.
“While there is considerably more work ahead, we now have a stronger foundation, greater clarity and a clear path toward building a financially resilient, artistically ambitious Queensland Ballet,” he said. QB’s total box office for 2025 was more than $5.1 million from 50,098 tickets sold, down from more than $7.6 million in 2024. The company’s annual Giving Day exceeded its $2 million target, raising more than $2.22 million for the Academy of Queensland Ballet.
For 2025, Queensland Ballet received $3.7 million in funding from the state government through Arts Queensland, with the Department of Education and Queensland Health supplying another $1.3 million. A further $1.9 million came from the Department of Housing and Public Works for the cafe and restaurant fitout at the ballet’s West End headquarters, the Thomas Dixon Centre.
However, Queensland Ballet only received $873,440 in annual investment from Creative Australia for 2025 under the National Performing Arts Partnership Framework. By contrast, The Australian Ballet received more than $7 million in federal funding. The annual investment under the framework is locked in until 2028.
Queensland Ballet can look forward to a budget boost of $2 million this year thanks to a bequest from the late art historian, curator and collector Glenn Rycen Cooke, which Brisbane-based contemporary dance company Australasian Dance Collective In 2025, the company expanded programming in its own Talbot Theatre and opened the restaurant Layla by Shane Delia, with 187,000 visitors to the Thomas Dixon Centre.
“We must be ambitious about creating new work, but also intelligent about how it is created, where it premieres, and the audiences it can reach,” Queensland Ballet artistic director Ivan Gil-Ortega said.
Queensland Ballet Financial Loss Box Office Revenue Arts Funding Australian Performing Arts
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