Celtic (CCP) H2 2026 earnings summary

Executive summary

• Secured the 2025/26 SPFL Premiership and Scottish Cup, completing a domestic double.

• Participated in the UEFA Europa League, reaching the knockout phase play-off.

• Experienced significant management changes, including the departure of Brendan Rodgers and the return of Martin O'Neill.

• Women's team won the Scottish Cup and started the new season strongly.

Financial highlights

• Group revenue fell 22.7% year-over-year to £111.0m (2025: £143.6m), mainly due to Europa League participation instead of the Champions League.

• Operating expenses rose 4.3% to £122.1m (2025: £117.1m), driven by higher wages.

• Loss before tax of £6.6m (2025: profit of £45.7m); loss after tax of £4.8m (2025: profit of £33.9m).

• Gain on sale of player registrations dropped to £16.0m (2025: £31.5m); player acquisitions were £15.6m (2025: £38.6m).

• Year-end cash decreased to £66.4m (2025: £77.3m).

Outlook and guidance

• Early 2026/27 season saw a strong league start but disappointment in Champions League qualification and League Cup exit.

• Focus remains on domestic success and Europa League performance.

• Continued investment in squad and training facilities, with new player signings post year-end totaling £31.6m.