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Manchester United PLC Reports Fourth Quarter and Full Year Fiscal 2026 Results

MANU
  • Manchester United achieved record full-year revenue of £677.6 million & record adjusted EBITDA of £216.4 million despite not participating in UEFA competition.
  • The Club returned to operating profit of £22.6 million for the full year, reversing an operating loss of £18.4 million in the prior year due to cost reductions & improved performance.
  • Full-year loss was £43.0 million, compared to a loss of £33.0 million in the prior year, as the Club continues to focus on operational efficiency.
  • Men's team finished 3rd in the Premier League to secure a return to the UEFA Champions League, while Women's team finished 4th in the WSL & reached the Champions League Quarter-Finals.
  • The Club secured land for a new 100,000-seater stadium, marking a major milestone in its long-term development vision.
  • New multi-year partnerships were announced with Betway as the Official Training Kit Partner & SumUp as the Official Sleeve Partner.
  • The Men's team strengthened its squad with signings including Andrey Santos, Youri Tielemans, Karl Darlow, & Carlos Baleba.
  • The Women's team added Andrea Medina, Janina Leitzig, Monica Jusu Bah, & Rebeca Bernal, with Eva Olid appointed as new Head Coach.
  • Broadcasting revenue increased by 19.6% to £206.8 million driven by Premier League performance, while Commercial revenue fell 4.8% to £317.3 million due to the expiration of the Tezos training kit deal.
  • Net finance costs rose to £69.6 million primarily due to an unrealized foreign exchange loss on unhedged USD borrowings.
  • Capital expenditure on property, plant & equipment totaled £85.9 million, including £63.5 million spent on acquiring land for the new stadium.
  • USD non-current borrowings increased to $775.0 million following the refinancing of Senior Secured Notes.
  • The Company introduced fiscal 2027 revenue guidance of £740 million to £760 million & adjusted EBITDA guidance of £205 million to £225 million.