Celtic have announced a £24 million drop in revenue for the final six months of 2025.
The figure represents a 28.9 per cent decrease compared with the same period in the previous year. The interim financial report was released ahead of the club’s PLC annual report, which had been published last September.
Despite the decline in turnover, Celtic finished the period with £67.4 million in cash — an increase of £2 million on their annual total.
Interim chairman Brian Wilson, who stepped into the role following Peter Lawwell’s departure, acknowledged the turbulent period.
“We witnessed a great deal of change and disruption in the six months to December 31, 2025,” he said. “Our exit from the Champions League in August 2025 was a bitter blow.”
Following Brendan Rodgers’ departure, the Hoops appointed Martin O’Neill in a bid to restore stability, before turning to Wilfried Nancy in early December. However, Nancy was unable to deliver the desired results and left the club in January. Wilson subsequently looked to Martin O’Neill, Shaun Maloney and Mark Fotheringham to help spark an upturn in form at the start of 2026, with Celtic going on to secure several victories.
Despite the instability, the club remain firmly in the SPFL title race, have reached the quarter-finals of the Scottish Cup and are preparing for Europa League knockout action.
Wilson attributed the revenue drop largely to Celtic competing in the Europa League instead of the more lucrative Champions League, resulting in reduced media income and lower ticket revenues.
The club were active in the January 2026 transfer window, completing six signings, including the permanent deal for Alex Oxlade-Chamberlain. They were joined by Julián Araujo, Tomáš Čvančara, Benjamin Arthur, Joel Mvuka and Junior Adamu.
There was also a managerial change in the women’s team, with Grant Scott replacing Elena Sadiku.
Reflecting on his unexpected appointment, Wilson said: “Since finding myself in this role as interim chairman following Peter Lawwell’s decision to step down on December 31, 2025, I have sought to promote unity within the stadium and behind the team.
“This cannot be achieved alone and requires a shared understanding that we all passionately want the very best for Celtic Football Club, while recognising our highest responsibility is to the safety of supporters and staff.”
The club has admitted shortcomings and pledged to improve governance and strategic planning. Feedback from one of football’s largest fan surveys highlighted the need to enhance supporter engagement, digital services and the safe-standing area.
Looking ahead, Wilson said the club is adopting a “more cautious view” for the remainder of the financial year, with significantly lower revenue and profits expected for the period ending June 30, 2026.
Nevertheless, he praised the dedication shown across the club.
“Recent months have been challenging, but Celtic supporters remain the bedrock of this club,” he said.
“We share common objectives and responsibilities to deliver the best outcomes for our teams and to uphold the principles upon which the club was built.”
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