Manchester United have released their first quarter financial results, showing an operating profit of £13.3m compared to a £6.9m loss from the same period last year, as a result of reduced costs
Steven Railston and Kieran King Sports Writer
12:30, 11 Dec 2025Updated 12:51, 11 Dec 2025
Sir Jim Ratcliffe co-owner of Manchester United with chief executive Omar Berrada
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Sir Jim Ratcliffe co-owner of Manchester United with chief executive Omar Berrada(Image: Getty Images)
Manchester United have unveiled their first quarter financial results, showing an operating profit of £13.3m against a £6.9m loss from the corresponding period last year, driven by slashed expenditure.
Following Sir Jim Ratcliffe's acquisition of a minority shareholding at Old Trafford in 2024, the billionaire initiated a comprehensive operational review that led to widespread and controversial job cuts across various departments to trim costs.
United published their latest financial data on Thursday, confirming the club had turned a profit during the opening financial quarter. Chief executive Omar Berrada responded: "These robust financial results reflect the resilience of Manchester United as we make strong progress in our transformation of the club.
MANCHESTER, ENGLAND - AUGUST 16: Manchester United CEO Omar Berrada arrives prior to the Premier League match between Manchester United FC and Fulham FC at Old Trafford on August 16, 2024 in Manchester, United Kingdom. (Photo by Ash Donelon/Manchester United via Getty Images)
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Manchester United CEO Omar Berrada(Image: Ash Donelon/Manchester United via Getty Images)
"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 numbers also disclosed total revenues of £140.3 million and an adjusted EBITDA of £26.9 million, compared to £143.1 million and £23.7 million, respectively, in the first quarter of fiscal 2025.
Ruben Amorim has seen an upturn in Manchester United's fortunes of late
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Ruben Amorim has seen an upturn in Manchester United's fortunes of late(Image: NurPhoto via Getty Images)
Manchester United are up to sixth in the Premier League table
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Manchester United are up to sixth in the Premier League table(Image: Getty Images)
Nevertheless, there has been a drop of 2% in revenues, highlighting the lack of European broadcast income, and two fewer home fixtures in the quarter compared with last year.
United currently sit sixth in the Premier League table, putting them on track to achieve their season's goal of a European return.
Securing a spot in the Champions League would bring in additional revenue. The club is confident the first quarter figures indicate progress in strengthening their financial standing, but insiders admit that sustained hard work and discipline are needed for long-term stability.
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Ruben Amorim was given the green light to spend £215m (excluding add-ons) in the summer transfer window, bringing in Matheus Cunha, Bryan Mbeumo, Benjamin Sesko and Senne Lammens to bolster his squad.