Arsenal Holdings Limited have reported a pre-tax loss of £1.4 million for the year ending 31 May 2025, according to accounts filed at Companies House, a marked improvement on the £17.7 million loss recorded in 2024.
Photo by Mike Hewitt/Getty Images
The result includes £15.2 million in exceptional costs relating to impairment of player registrations. Excluding those costs, the club recorded a pre-tax profit of £13.8 million.
Chief executive Richard Garlicksaid: “These financial results show a positive trajectory as we continue to pursue major trophies, following our second successive season back in the men’s UEFA Champions League in 2024/25.”
Total revenue reached a club record £691.0 million, up from £616.6 million the previous year. Football revenue alone rose to £690.3 million, driven by increases across matchday, broadcasting and commercial income.
Matchday revenue increased to £153.9 million, compared to £131.7 million in 2024, helped by 30 home fixtures following progression to the UEFA Champions League semi-finals. Average attendance across men’s home matches was 60,047.
Broadcasting income rose to £272.8 million from £262.3 million, largely due to higher UEFA Champions League distributions.
Commercial revenue climbed to £263.2 million, up from £218.3 million, supported by the renewal and extension of the adidas partnership, a full year of income from Sobha Realty and growth in secondary commercial agreements.
Retail revenue increased by 27 per cent year on year.
Photo by Mike Hewitt/Getty Images
Wage costs rose to £346.8 million from £327.8 million, reflecting continued investment in both men’s and women’s squads as well as increased commercial and operational staffing.
Operating costs increased to £200.8 million, up from £147.9 million, reflecting higher staging costs, revenue-related expenses and inflationary pressures.
Profit from player sales and loans totalled £81.7 million, compared to £52.4 million in 2024. Net finance charges fell slightly to £17.7 million.
Following transfer additions costing £123.9 million, the book value of player registrations decreased to £399.0 million from £486.6 million.
Cash reserves at year end stood at £56.0 million, down from £66.8 million the previous year.