$MANU

Manchester United plc

CIK:0001549107|SEC Filings

Consolidated statement of profit or loss - GBP (£)
£ in Thousands

12 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2024

Consolidated statement of profit or loss

Revenue from contracts with customers

£ 677,649

£ 666,514

£ 661,755

Operating expenses

(701,895)

(733,686)

(768,530)

Profit on disposal of intangible assets

46,881

48,742

37,422

Operating profit/(loss)

22,635

(18,430)

(69,353)

Finance costs

(77,657)

(58,988)

(63,867)

Finance income

8,037

37,754

2,496

Net finance costs

(69,620)

(21,234)

(61,371)

Loss before income tax

(46,985)

(39,664)

(130,724)

Income tax credit

4,031

6,641

17,565

Loss for the year

£ (42,954)

£ (33,023)

£ (113,159)

Loss per share during the year

Basic loss per share

£ (0.2491)

£ (0.1932)

£ (0.6844)

Diluted loss per share

^[1]

£ (0.2491)

£ (0.1932)

£ (0.6844)

[1]	For the years ended 30 June 2026, 2025 and 2024, potential ordinary shares are anti-dilutive, as their inclusion in the diluted loss per share calculation would reduce the loss per share, and hence have been excluded.

Consolidated statement of cash flows - GBP (£)

12 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2024

Cash flows from operating activities

Cash generated from operations

£ 216,184,000

£ 107,498,000

£ 117,461,000

Interest paid

(38,845,000)

(37,198,000)

(37,225,000)

Interest received

2,084,000

3,350,000

1,686,000

Tax paid

(708,000)

(948,000)

3,749,000

Net cash inflow from operating activities

178,715,000

72,702,000

85,671,000

Cash flows from investing activities

Payments for property, plant and equipment

(85,919,000)

(44,721,000)

(17,511,000)

Payments for intangible assets

^[1]

(292,267,000)

(278,746,000)

(190,721,000)

Proceeds from sale of intangible assets

^[1]

148,612,000

48,792,000

37,028,000

Net cash outflow from investing activities

(229,574,000)

(274,675,000)

(171,204,000)

Cash flows from financing activities

Proceeds from revolving facility

225,000,000

230,000,000

160,000,000

Repayment of revolving facility

(275,000,000)

(100,000,000)

(230,000,000)

Proceeds from refinanced senior secured notes

414,406,000

Repayment of refinanced senior secured notes

(320,223,000)

Proceeds from issue of shares

79,985,000

158,542,000

Principal elements of lease payments

(1,714,000)

(403,000)

(976,000)

Debt issue costs paid

(7,161,000)

(1,335,000)

Net cash inflow from financing activities

35,308,000

209,582,000

86,231,000

Effect of exchange rate changes on cash and cash equivalents

(3,308,000)

4,947,000

(3,168,000)

Net (decrease)/increase in cash and cash equivalents

(18,859,000)

12,556,000

(2,470,000)

Cash and cash equivalents at beginning of year

86,105,000

73,549,000

76,019,000

Cash and cash equivalents at end of year

£ 67,246,000

£ 86,105,000

£ 73,549,000

[1]

Payments and proceeds for intangible assets primarily relate to player and key football management staff registrations. When acquiring or selling players’ and key football management staff registrations it is normal industry practice for payment terms to spread over more than one year. Details of registrations additions and disposals are provided in Note 16. Trade payables in relation to the acquisition of registrations at the reporting date are provided in Note 24. Trade receivables in relation to the disposal of registrations at the reporting date are provided in Note 19.

Consolidated balance sheet - GBP (£)	Jun. 30, 2026	Jun. 30, 2025
Non-current assets
Property, plant and equipment	£ 357,294,000	£ 292,334,000
Right-of-use assets	2,903,000	7,145,000
Investment properties	19,154,000	19,433,000
Intangible assets	881,267,000	966,457,000
Deferred tax assets	29,997,000	24,927,000
Trade receivables	42,913,000	43,419,000
Total non-current assets	1,333,528,000	1,353,715,000
Current assets
Inventories	12,221,000	13,053,000
Prepayments	18,342,000	17,438,000
Contract assets - accrued revenue	27,163,000	19,528,000
Trade receivables	89,284,000	133,728,000
Other receivables	1,117,000	13,694,000
Derivative financial instruments		472,000
Cash and cash equivalents	67,246,000	86,105,000
Total current assets	215,373,000	284,018,000
Total assets	1,548,901,000	1,637,733,000
Equity
Share capital	56,000	56,000
Share premium	307,345,000	307,345,000
Treasury shares	(21,305,000)	(21,305,000)
Merger reserve	249,030,000	249,030,000
Hedging reserve	(636,000)	223,000
Retained deficit	(384,127,000)	(341,616,000)
Total equity	150,363,000	193,733,000
Non-current liabilities
Contract liabilities - deferred revenue	2,679,000	5,915,000
Trade and other payables	156,664,000	205,359,000
Borrowings	577,554,000	471,855,000
Lease liabilities	2,805,000	7,899,000
Derivative financial instruments	938,000	2,599,000
Total non-current liabilities	740,640,000	693,627,000
Current liabilities
Contract liabilities - deferred revenue	210,814,000	205,490,000
Trade and other payables	317,312,000	359,246,000
Income tax payable	407,000	566,000
Borrowings	111,400,000	165,119,000
Lease liabilities	465,000	572,000
Derivative financial instruments	4,131,000	3,403,000
Provisions	13,369,000	15,977,000
Total current liabilities	657,898,000	750,373,000
Total equity and liabilities	£ 1,548,901,000	£ 1,637,733,000