Celtic’s report £13.4 million in profit as sales rise

With a stated post-tax figure of £13.4 million for the year ending in November, Celtic has turned a profit for the third consecutive year.

Although revenue has climbed by over £5 million to £124.6 million, and year-end cash has also increased by a comparable amount to £77.2 million, the pre-tax profit of £17.8 million is lower than the previous year’s £40.7 million, mostly because operational expenses have increased by £10 million.

Celtic’s women’s team won the SWPL for the first time, and the men’s squad won the Scottish Cup and Premiership after a successful season finale. Brendan Rodgers’ team participated in the Champions League earlier in the season.

The club claims to have made £6.6 million from player sales, up from £14.4 million in 2023, while spending £16.6 million on player purchases.

While fellow winger Liel Abada was a notable departure for an estimated £8 million, Celtic signed Luis Palma and Nicolas Kuhn during the accounting period. “Our gain on sale achieved in the year was £7.8m lower than in the prior year,” Lawwell added.

Additionally, we made larger salary investments in the men’s squad than we had the year before. Additionally, the high rate of inflation in the business’s operating environment over the past year has resulted in an increase in overhead costs.