Celtic post eyewatering £44m profit with £65m left in bank despite breaking transfer record TWICE

Celtic have announced a pre tax profit of £43.9million - up almost £12m from this time last year. And the Parkhead club still have £65m sitting in the bank despite breaking their transfer record twice.

It's been another successful year for the Hoops who swept up the Premiership and Scottish Cup last season and qualified straight to the Champions League group stage once again. They spent big last summer to back Brendan Rodgers, shattering their previous transfer record twice to buy Adam Idah and Arne Engels while Auston Trusty, Paulo Bernardo, Luke McCowan and Viljami Sinisalo also cost fees. But Matt O'Riley's move to Brighton offset much of that £30m+ outlay and it's left them in a strong financial position.

This time last year they announced eyewatering profits of £32m but those numbers are up again to £43.9m before tax. The club say they now have £65.4m in the bank, down marginally from the £67.3m reserves they had last year. They say that's down to a £1.7m reduction in revenues, accounted for by fewer home games and a deferral of UEFA payments – both of which will be reflected in the second half of the year.

Chief executive Peter Lawwell said in a statement: "The results for the six months ended 31 December 2024 show revenues of £83.5m (2023: £85.2m) and a profit from trading, representing the profit excluding other income and player related gains and charges, totalling £26.9m (2023: profit of £32.0m). The profit before finance income & expense and taxation (“PBIT”) amounted to £43.9m (2023: £30.3m).

"I wish to extend our gratitude and appreciation to our supporters for the backing of our club on behalf of the Board. Thanks also must go to our employees, shareholders and commercial partners for their continued