Manchester United's Q2 Profit Soars to £4.2m
Manchester United's profit rises amid £295.7m debt, with CEO Omar Berrada highlighting off-pitch transformation. Manchester United reports £4.2m profit in Q2, driven by cost-cutting measures, despite revenue decline.
“We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and...”
Manchester United reported a profitable second quarter, thanks to cost-cutting measures, despite missing out on European competitions, which impacted sponsorship revenue and ticket sales. The club has cut jobs, staff lunches, and implemented other cost-saving measures after six years of financial losses due to underperformance.
CEO Omar Berrada highlighted the positive financial impact of the off-pitch transformation, emphasizing continued investment in the men's and women's first teams. The club's revenue dipped slightly to £190.3 million, but adjusted EBITDA rose 9.2% to £102.9 million. Manchester United projects annual revenue between £640 million and £660 million, with profits expected around £180 to £200 million.
“We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and profitability,” CEO Omar Berrada said.
Manchester United has turned their season around under interim manager Michael Carrick, who took over in January after Ruben Amorim's departure. They're currently fourth in the Premier League with 48 points, making them the most in-form team in 2026. This impressive turnaround puts them in a good position to qualify for next season's UEFA Champions League.
Carrick's leadership has sparked excitement among fans, but he's urging restraint, emphasizing there's still work to be done. The team's success is partly attributed to veteran midfielder Casemiro, who's expected to leave at the season's end. United's next challenge is against Everton, and a win could propel them into fourth place, ouvertaking Chelsea.
Manchester United's financial results come amidst controversy surrounding minority owner Jim Ratcliffe's comments on immigration. Ratcliffe apologized for saying the UK had been “colonized by immigrants,” which sparked widespread criticism, including from Prime Minister Keir Starmer and fan groups.
The club's debt has increased by 37% to £295.7 million, while cash reserves have dwindled to £44.4 million from £95.5 million a year ago. Despite this, Manchester United reported a profit of £32.6 million for the six months ending December 2025, compared to a £3.9 million loss in the same period last year.
"Off the pitch it looks like the owners are getting to grips with their finances"
— Sky Sports News (@SkySportsNews) February 25, 2026
Kaveh Solhekol reacts as Manchester United release their second‑quarter earnings 📊 pic.twitter.com/tdQU1ZUZQo
Manchester United has reported a net profit of £4.2 million ($5.67 million) for the quarter ended December 31, a significant turnaround from the £27.7 million loss recorded in the same period last year. This improvement is largely attributed to the club's cost-cutting measures, which have begun to bear fruit.
Despite the profit, Manchester United's revenue declined by 4.2% to £190.3 million, largely due to lower sponsorship revenue and ticket sales resulting from the club's absence from European competitions. The club has maintained its annual revenue forecast of £640 million to £660 million and profit forecast of £180 million to £200 million.
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