Manchester United recorded a £43 million net loss for the year ended June 30, 2026, despite generating record revenue of £677.6 million.

The figures, announced on Wednesday, showed that the club’s revenue increased by 1.7 per cent compared with the previous financial year. However, United posted its seventh consecutive annual loss after tax.

According to PUNCH, the latest results were affected by contractual payments linked to former manager Ruben Amorim’s departure, increased loan repayments and other costs.

Amorim left the club in January after 14 months in charge, with former United player Michael Carrick taking over. Carrick guided the team to a third-place finish in the Premier League and Champions League qualification during the 2025/26 campaign.

United’s improved league position helped increase broadcasting income by almost 20 per cent. However, commercial and matchday revenues each declined by nearly five per cent during a season in which the club did not play European football.

The accounts showed that United paid £8.2 million in exceptional costs, most of which were linked to Amorim’s departure.

The club also spent £63.5 million acquiring land adjacent to Old Trafford, where plans are in place to build a new 100,000-capacity stadium.

Co-owner Jim Ratcliffe has overseen significant cost-cutting measures since acquiring a stake in the club in February 2024, including widespread job cuts.

United chief executive Omar Berrada said the financial results demonstrated the club’s commercial strength and said the club would continue to focus on financial sustainability.

Manchester United expects revenue of between £740 million and £760 million in the current financial year.

The club has, however, made a difficult start to the 2026/27 season. United have collected five points from their opening five Premier League matches, matching their worst-ever start to a league campaign, and were eliminated from the English League Cup last week.