Premier League giant Manchester United officially released its 2025 fiscal year annual financial report today.
Key Data
Total revenue in the fourth quarter reached £164.1 million, driving the full-year total revenue for the 2025 fiscal year to a historic £666.5 million.
Commercial revenue in the fourth quarter stood at £88.2 million, with full-year commercial revenue hitting a record £333.3 million. Notably, this fiscal year marks the first year of the club’s five-year shirt sponsorship agreement with Snapdragon.
Matchday revenue in the fourth quarter was £37.2 million, and full-year matchday revenue also set a new record, reaching £160.3 million.
Full-year adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to £182.8 million; full-year operating loss narrowed to £18.4 million, a significant improvement compared to the £69.3 million loss in the 2024 fiscal year.
In terms of commercial expansion, the club recently announced new sponsorship partnerships with Coca-Cola, Sokin, and Parimatch, while successfully renewing long-term partnerships with STATSports, Canon, and Sportsbreaks, among others.
Regarding infrastructure, the Carrington Training Ground has completed an upgrade and renovation project with an investment of £50 million. The project was finished strictly on budget and on schedule, providing world-class training and office facilities for players and staff.
In terms of squad building, the men’s first team has signed key players such as Matheus Cunha, Rodrigo León, Bryan Mbeumo, Benjamin Šeško, and Lammens; the women’s first team has successfully recruited players including (player name: Olmøy, note: standard name to be confirmed), Fridolina Rolfö, and Jess Park, significantly enhancing the overall strength of the squad.
Additionally, the club has launched a comprehensive transformation plan aimed at systematically improving operational efficiency. The positive effects of this plan are expected to be reflected in revenue growth and cost structure optimization in the 2026 fiscal year.
Omar Berrada, Chief Executive Officer, said: “As we enter the 2025/26 season, we are working to improve all areas of the club. On the pitch, we are pleased with the additions to our men’s and women’s first-team squads this summer, as we are engaged in long-term building for the club’s future.
“Off the pitch, we are in a period of leadership transition, with a refreshed and streamlined organization capable of delivering on our sporting and commercial goals. We are also investing in upgrading our infrastructure – following previous investments in our women’s team facilities, we have completed the £50 million reconstruction of our men’s first-team building at Carrington on time and on budget, creating a world-class environment for our players and staff.
“At the same time, planning continues to realize our ambition of developing a new stadium at Old Trafford as part of the transformational revitalization of the surrounding community. The club’s record-breaking revenue in such a challenging year is a testament to Manchester United’s resilience, which is a hallmark of this club.
“Our commercial business remains strong as we continue to deliver engaging products and experiences for fans and first-class value for our partners. There is significant potential for improvement in financial performance as we begin to see the benefits of our cost-cutting initiatives, which in turn will support our top priority: achieving success on the pitch.”
