Tue 31 March 2026, 12:00
Tottenham Hotspur• Total Revenue and Other income increased to £565.3m
• Profit from Operations (EBITDA) decreased to £112.3m
• Loss after Tax increased to £94.7m
Executive Summary
The Club has today published its financial results for the year ended 30 June 2025. Total revenue and other income increased to £565.3m during the reporting period, driven by our Europa League success alongside strong commercial performance across sponsorship, merchandising and stadium events. However, the domestic on-pitch under-performance of both our Men’s and Women’s teams during the reporting period had a direct impact on TV and Media revenues. The loss for the year after depreciation, amortisation, player trading, interest and taxation increased to £94.7m.
Financial Headlines - Year-on-year
• Total Revenue for the year increased by 7% to £565.3m (2024: £528.2m)
o Match receipts of £126.5m (2024: £105.8m) driven by an increased number of matches at Tottenham Hotspur Stadium.
o UEFA prize money was £34.7m (2024: £1.3m) arising from the successful Europa League campaign (2024: no European football).
o TV and Media revenues were £127.0m (2024: £165.9m) having finished in 17th position in the Premier League.
o Commercial revenues and other income from sponsorship, merchandising and other income such as stadium events, visitor attractions, pre-season tour and conference and events, increased to £277.1m (2024: £255.2m).
• Operating expenses (before player trading) increased by 15% to £521.5m (2024: £453.6m), driven by staff costs, hosting a larger number of football matches and stadium events and our continued technological advancements.
• Profit from Operations before depreciation, amortisation, player trading, interest and taxation decreased by 22% to £112.3m (2024: £144.9m).
• The loss for the year after depreciation, amortisation, player trading, interest and taxation was £94.7m (2024: £26.2m).
• Our net debt as of 30 June 2025 was £831.2m (2024: £772.5m). Over 90% of our financial borrowings of £851.7m are at fixed rates, with an average interest rate of 3.07%. The average maturity of all our borrowings is 17.6 years, some of which stretch until 2051, ensuring limited impact on the Club’s financial sustainability.
• As with prior years no dividends have been paid.
