Celtic’s chairman Peter Lawwell has hailed “domestic success coupled with a memorable European campaign and the delivery of a strong set of financial results”.
However, the surge in pre-tax profit to £45.7m from £17.8m last year has raised more questions among supporters about the failure to strengthen the playing squad.
Revenue increase increased by 15.2% to £143.6m (2024: £124.6m), which included a gain on the sale of players to £31.5m from £6.6m.
The year-end cash position remained relatively stable at £77.3m, slightly up from £77.2m.
In his statement with the results, Mr Lawwell insisted the club was investing in the team.
“In total and including committed agent fees, £42.6m was invested in player acquisitions during the year, more than doubling the prior year spend, marking the highest single-season investment in the club’s history including twice breaking the club transfer record,” he said.
“As a result, the carrying value of the squad is the highest it has been in the history of the club. Over the past three years to 30 June 2025, total investment in player registrations including committed agent fees has totalled £77.5m.
“The board shares the ambition of our supporters to see the strongest possible team on the pitch and will continue to balance short-term performance with long-term financial stability, and we must factor in the long-term implications of all decisions made today. This strategy is vital to Celtic and has been pivotal to our success over the last 20 years.”
However, the clubs fans are unhappy with the club’s board over the perceived lack of transfer activity this summer, which was compounded when Celtic crashed out of the Champions League losing a play-off to Kairat Almaty.
Fans have written an open letter to the board demanding answers for “repeated failures in transfer dealings” which more than 400 supporter groups have signed.
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