Manchester United have reported an operating profit despite their total debt climbing close to £1.3 billion.
The club posted £32.6 million operating profit for six months ending December 31, 2025.
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That marks significant improvement compared to the £3.9 million loss recorded during the same period last year.
However, United drew an additional £25 million from their rolling credit facility.
Total borrowing on that facility now stands at £295.7 million overall.
Debt Concerns Persist Despite Financial Improvement
Including legacy debt from the Glazer takeover and outstanding transfer liabilities, total obligations reached approximately £1.29 billion.
The club also paid £13.9 million in finance costs, significantly lower than last year’s £37.6 million.
Chief executive Omar Berrada said off-field restructuring is delivering measurable improvements in profitability and cost efficiency.
Since acquiring a minority stake, Jim Ratcliffe has implemented widespread cost-cutting measures across the organisation.
Those measures included around 450 redundancies and removal of several long-standing staff benefits.
United’s total revenue reached £190.3 million during the reporting period overall, reports BBC Sports.
Commercial revenue fell eight percent to £78.5 million compared to previous figures.
Wage expenditure also dropped nine percent, settling at £75.1 million.
The club have not yet confirmed financing plans for their proposed new stadium project.
Champions League qualification remains crucial as United seek stronger revenues moving forward.
No financial details were disclosed regarding the dismissal of former coach Ruben Amorim.
United currently sit fourth in the Premier League standings.
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