Overview
- United reported an operating profit of £32.6m for the first half and £19.6m for the quarter, with a quarterly net profit of £4.2m.
- Total quarterly revenue fell to £190.3m as commercial income dropped to £78.5m and matchday to £49.5m due to the lack of European fixtures and fewer home cup games.
- Employee costs declined about 9% to £75.1m and a restructuring that included roughly 450 redundancies cut operating expenses.
- The club disclosed that about £169.5m of post‑cutoff transfer fees will be amortised over six years to manage PSR impact and preserve scope for summer investment.
- Full‑year guidance was reaffirmed (£640m–£660m revenue; £180m–£200m adjusted EBITDA) as debt rose to £295.7m and cash fell to £44.4m, with Champions League qualification framed as a key revenue objective.