Celtic post £4.8m loss as revenue falls 22.7%
Celtic announced on 22 September 2026 that the club had recorded a loss after tax of £4.8m for the year ending June 30, 12 months after reporting a profit of £33.9m. The club said revenue fell by 22.7% to £111m, down from £143.6m in 2025.
The club attributed the swing largely to the failure to secure Champions League participation last season and reported a cash in the bank total of £66.4m, compared with £77.3m in 2025. Interim chairman Brian Wilson described the campaign as "more turbulent than anyone would have wished for."
Celtic went through three different managers in 2025-26, with Brendan Rodgers departing and Wilfried Nancy dismissed after an eight-game reign. Chairman Peter Lawwell retired in December, citing "abuse and threats."
Wilson congratulated Martin O'Neill and his staff for success on the pitch, saying they had "demonstrating extraordinary resilience" as they delivered a league and Scottish Cup double. That on-field achievement was referenced alongside his comments on the off-field instability.
Wilson disclosed that Celtic spent £31.6m this summer to recruit Kasper Hogh, Camilo Duran, Mika Baur, Haissem Hassan, Joel van den Berg and Jordan Lotomba, and that loan deals were completed for Landon Emenalo, Shumaira Mheuka, Sam Johnstone and Oliver Sorensen. He did not reveal how much had been made from the sale of players, including Daizen Maeda, Arne Engels and Reo Hatate.
"The events of the past 12 months have been dramatic, sometimes joyful and at other points deeply frustrating," added Wilson. "The departure of Brendan Rodgers was an unanticipated event which initiated a period of instability. In other circumstances, the appointment of Wilfried Nancy might have worked but his arrival in mid-season and the changes which followed clearly did not. "Parting ways with Wilfried was hugely disappointing but decisive action had to be taken. The return of the great Martin O'Neill, supported by his backroom team as well as a fine squad of players, then proved to be a triumphant success." Wilson also referenced the need to improve "communication and supporter engagement", saying that work was "ongoing", and added that the search continues for a permanent chairman.
On the field, Celtic are in the Europa League this term after a shock capitulation away to LASK in the Champions League play-off; they are out of the League Cup and their Premiership lead has been cut to two points following back-to-back defeats by Rangers.
