Celtic have once again showcased their financial muscle within Scottish football, posting a £43.9 million pre-tax profit for the six-month period ending December 31, 2024.
The club’s interim financial results, released on Monday evening, highlight a £13 million increase compared to the same period last year, reinforcing Celtic’s position as the financial powerhouse of the Scottish game.
- Pre-Tax Profit: £43.9 million (up £13 million)
- Cash Reserves: £65.4 million (down from £77.2 million)
- Transfer Spending: £28.1 million
- Player Sales Profit: £21.5 million
- Revenue: £83.5 million (down 2.1%)
While the club’s cash reserves have decreased by £11.8 million since June 2024, this drop is attributed to Celtic twice breaking their transfer record during the summer window. The high-profile signings of Adam Idah and Arne Engels accounted for much of the £28.1 million spent on transfers.
Despite this outlay, Celtic’s financial position remains incredibly strong, with over £65 million still in the bank—highlighting their ability to invest without jeopardising their long-term financial health.
The profit from player sales reached £21.5 million, largely thanks to the £25 million transfer of Matt O’Riley to Brighton. Additional income came from the departures of:
- Bosun Lawal
- Tomoki Iwata
- Mikey Johnston
- Yuki Kobayashi
- Daniel Kelly
- Hyeongyu Oh
While revenue dropped slightly by 2.1% to £83.5 million, the club has attributed this to:
- A reduction in matchday income (expected to recover in the second half of the financial year)
- The deferral of some UEFA payments, likely linked to Champions League revenue distribution
Celtic expects revenue figures to rebound strongly, particularly with the ongoing Champions League campaign and packed fixtures in the second half of the season.
