Man Utd announced their financial results for the first quarter on Thursday afternoon, and here are the headlines.
United have released their latest financial results.(Image: 2025 James Gill - Danehouse)
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Manchester United have announced their first quarter financial results, revealing an operating profit of £13.3m compared to a £6.9m loss from the same period last year, as a result of reduced costs.
After acquiring a minority stake at Old Trafford in 2024, Sir Jim Ratcliffe launched a review into club operations and mass redundancies were made across departments to lower costs.
Ratcliffe's review found United had the highest employee count in the Premier League.
United released their latest financial figures on Thursday, confirming that the club operated in profit for the first financial quarter. United's CEO, Omar Berrada, reacted: “These robust financial results reflect the resilience of Manchester United as we make strong progress in our transformation of the club.
"The difficult decisions we have made in the past year have resulted in a sustainably lower cost base and a more streamlined, effective organisation equipped to drive the club towards improved sporting and commercial performance over the long-term.
"That has helped us to invest in our men’s and women’s teams, sitting in sixth and third places in the Premier League and women’s Super League respectively.”
The figures also revealed total revenues of £140.3 million and an adjusted EBITDA of £26.9 million.
However, there has been a deduction of 2 per cent in revenues, reflecting the absence of European broadcast revenues, and two fewer home games in the quarter compared with last year.
United are sixth in the Premier League table, meaning they are on target to achieve the season's aim of returning to Europe. Qualifying for the Champions League would generate further revenue.
The club believe the first quarter figures show they are making progress in improving their financial position, but sources have conceded that more hard work and discipline are required for long-term sustainability.
Ruben Amorim was backed to spend £215m (not including add-ons) in the summer transfer window, adding Matheus Cunha, Bryan Mbeumo, Benjamin Sesko and Senne Lammens to his squad.