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Manchester United CEO Omar Berrada says the financial figures released on Thursday demonstrate “strong progress” in the club’s ongoing transformation.
The club posted an operating profit of £13 million ($17.4 million) for the quarter ending September 30, a significant improvement from the £6.9 million loss recorded during the same period last year.
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Total revenue for the first quarter of the 2026 fiscal year fell by two percent to £140.3 million, largely because the men’s team is not participating in European competitions this season. Under manager Ruben Amorim, the men’s side currently sits sixth in the Premier League.
The women’s team, led by Marc Skinner, is third in the Women’s Super League and competing in the Women’s Champions League.
Berrada said the results highlight the club’s resilience after implementing major changes over the past year, adding that difficult but necessary decisions have created a leaner and more efficient organisation capable of driving long-term sporting and commercial growth.
The financial report noted ongoing benefits from last year’s cost-cutting and staffing reduction initiatives. Co-owner Jim Ratcliffe introduced extensive cost-saving measures, including significant job cuts.
Employee benefit expenses for the quarter fell to £73.6 million, down £6.6 million, mainly due to reduced staffing levels.
Manchester United added that the club remains on course to reach revenues between £640 million and £660 million for the 2026 fiscal year.
