Manchester United FC reported a profit for the second quarter on Wednesday, as cost-cutting measures began to show results, although lower sponsorship revenue and ticket sales following a year without European football limited overall earnings.

Over the past year, the club implemented job reductions, cutbacks on staff perks, and other savings initiatives after six consecutive years of financial losses caused by underperformance on and off the pitch.

“We are now seeing the positive financial impact of our off-pitch transformation materialise both in our costs and profitability,” said CEO Omar Berrada.

On the field, the 20-time English champions have stabilized under interim manager and former midfielder Michael Carrick, who replaced head coach Ruben Amorim in January. Since his arrival, United have been the Premier League’s most in-form team in 2026, currently sitting fourth with 48 points and in strong contention for next season’s UEFA Champions League.

The club’s results follow controversy earlier this year after minority owner Jim Ratcliffe apologised for remarks claiming the UK had been “colonised by immigrants,” drawing criticism from fans and Prime Minister Keir Starmer.

Financially, United’s debt rose 37% to £295.7 million at the end of 2025, while cash and equivalents dropped to £44.4 million from £95.5 million a year earlier. Despite this, the club posted a net profit of £4.2 million ($5.67 million) for the quarter ending December 31, compared with a £27.7 million loss in the same period last year.

The club reaffirmed its annual revenue forecast of £640–660 million and projected profits between £180–200 million.