Manchester United PLC Q1 FY2025 #EarningsReport Summary | $MANU (+0.35%)

In Q1 FY2025, Manchester United faced challenges such as decreased revenues from broadcasting and commercial activities but showed improvement in profitability metrics due to favorable foreign exchange rates and cost optimizations.

📊 Income Statement Highlights (vs. Q1 FY2024):

▫️Total Revenue: £143.07M vs £157.10M (-8.90%)

      - Commercial Revenue: £85.30M vs £90.40M (-5.60%)

      - Broadcasting Revenue: £31.30M vs £39.30M (-20.40%)

      - Matchday Revenue: £26.50M vs £27.40M (-3.30%)

▫️Adjusted EBITDA: £23.64M vs £23.28M (+1.70%)

▫️Operating Loss: £6.97M vs Operating Profit £1.81M (-463.20%)

▫️Net Profit: £1.33M vs Net Loss £25.76M (+105.40%)

▫️Adjusted EPS: £(0.21) vs £(5.27) (+96.00%)

▫️Employee Benefit Expenses: £80.20M (-11.20%)

▫️Profit from Intangible Asset Disposal: £35.55M (+20.70%)

Additional Financial Metrics:

▫️Exceptional Costs: £8.64M (Restructuring)

▫️Amortization: £53.27M (+13.90%)

💼 Balance Sheet Highlights (vs. Q1 FY2024):

▫️Total Assets: £1.64B (+8.06%)

      - Intangible Assets: £987.67M (+2.17%)

      - Cash and Cash Equivalents: £149.56M (+85.07%)

▫️Total Liabilities: £1.49B (+1.92%)

      - Non-Current Borrowings: £481.71M (-8.91%)

      - Current Borrowings: £232.32M (+13.67%)

▫️Equity: £148.18M (+105.84%)

🔮 Future Outlook:

The company maintains its FY2025 guidance of total revenues between £650M and £670M and adjusted EBITDA between £145M and £160M. Ongoing investments in infrastructure and squad development are prioritized alongside compliance with financial regulations like UEFA’s Financial Fair Play.