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Manchester United have announced their latest financial results, revealing an operating profit of £32.6million in the first six months of the financial year
Manchester United have discovered their latest financial results
Manchester United have released their latest financial results(Image: Getty Images)
Everything you need to know about Manchester United's current finances after the second quarter results were revealed...
The club recorded a significant turnaround in profitability, reporting an operating profit of £32.6million for the first six months of the fiscal year. This represents a substantial improvement compared to the £3.9m loss recorded during the same period in the prior year, driven by strategic cost-management initiatives.
Despite a 3.2% dip in total revenue to £330.7m for the half-year, adjusted EBITDA rose by 9.2% to £102.9m. This resilience was maintained even without the men’s first team participating in any UEFA competitions during the current fiscal year, which typically provides a significant revenue stream.
Management attributed the improved margins to successful transformation programs focusing on operating costs and headcount reductions. Employee benefit expenses for the quarter dropped by 9% to £75.1 million, showcasing the direct financial impact of the restructuring efforts implemented during the previous fiscal year to streamline off-pitch operations.
Commercial revenue saw a 7.8% quarterly decline to £78.5m, largely due to the expiration of the sponsorship agreement with Tezos for the training kit. While retail and merchandising remained relatively steady, the loss of this specific partnership contributed to the lower commercial intake compared to the prior year's second quarter.
Broadcasting revenue remained stable at £62.3m. Growth was supported by an increased value in international Premier League rights and a higher estimated league finishing position for the men's team. These gains successfully offset the lack of European broadcasting income that was present in the prior year’s accounts.
The club reported a quarterly net profit of £4.2m, a stark contrast to the £27.7m loss in the prior year quarter. This was aided by the absence of "exceptional items", whereas last year’s results were heavily impacted by £14.5 million in costs related to coaching staff departures.
Manchester United reiterated its full-year guidance for fiscal 2026, projecting total revenues between £640m and £660m. The club also expects an adjusted EBITDA of £180m to £200m, signalling confidence that they will remain in compliance with Premier League and UEFA financial regulations.
Beyond immediate figures, the club highlighted progress on the Old Trafford Regeneration, which aims to create a world-class home for the team. CEO Omar Berrada emphasised a "football first" approach, noting the men’s team currently holds 4th place in the league under new Head Coach Michael Carrick.
United's operating profits - along with the contracts that are set to expire - is going to give them a summer transfer boost, as the Reds look to strengthen their squad at the end of the summer.
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