Celtic FC has achieved a remarkable hat-trick of profitability, announcing a post-tax profit of £13.4 million for the fiscal year ending June. This marks the third consecutive year of financial success for the Scottish giants.
Despite a decrease in pre-tax profit from £40.7 million to £17.8 million, Celtic’s revenue has shown resilience, rising by nearly £5 million to £124.6 million. The club’s year-end cash reserves have also surged by a similar amount, reaching £77.2 million. This financial growth is largely attributed to the team’s on-field successes.
On the pitch, Celtic enjoyed a triumphant season, securing both the Premiership and Scottish Cup titles. The women’s team made history by winning the SWPL for the first time. Chairman Peter Lawwell acknowledged the decline in pre-tax profit but noted it aligns with expectations. Celtic’s Champions League participation under Brendan Rodgers’ guidance contributed to the club’s financial stability and promising outlook.
Celtic FC has reported a £6.6 million gain from player sales, down from £14.4 million in 2023. The club invested £16.6 million in new talent, including Luis Palma and Nicolas Kuhn, while bidding farewell to Liel Abada in an £8 million deal.
Chairman Peter Lawwell attributed the decline in player sale profits to market fluctuations and increased investment in the men’s team salaries. Additionally, Celtic faced rising overhead costs due to high inflation and the absence of £13.5 million in non-recurring income from the previous year.
Looking ahead, Celtic has embarked on significant capital expenditure projects, including the redevelopment of Barrowfield training facilities and stadium maintenance initiatives. Following the accounting period, the club sold Matt O’Riley to Brighton for a record-breaking £25 million, with other notable sales including Tomoki Iwata and Mikey Johnston. Celtic’s spending spree continued with £31.2 million invested in players, highlighted by the record signing of midfielder Arne Engels for £11 million.
