Peter Lawwell's Celtic accounts address in full - January confession, £12m profit spike and £1.7m revenue quirk explained

Peter Lawwell has delivered a full rundown of Celtic's latest financial results.

The chief executive has spoken out after the Hoops announced a pre tax profit of £43.9million - a figure that has risen almost £12m from this time last year. It's been a successful six month period for the club on the pitch with the Scottish Premiership title and Scottish Cup in the trophy cabinet at Parkhead while they also qualified for the Champions League main event once gain in the newly revamped league phase.

Celtic face giants Bayern Munich this week in the first-leg of their knockout round tie at Europe's top table after a top performance from Brendan Rodgers' men which ended with them finishing 21st and qualifying for a crack at Europe's heavyweights.

That has been aided by the club smashing their transfer record TWICE over the summer on Adam Idah and Arne Engels and investment into the first team wages. During the winter window Jota also arrived back to the club on a permanent deal while Kyogo Furuashi was sold for £10m to Rennes and Kieran Tierney's pre-contract was revealed as part of a busy month of activity in Glasgow's east end.

Lawwell conceded that the champions 'aimed to do more in the recent window' with Jeffrey Schlupp the only incoming on deadline day alongside the return of Jota earlier in the month but he stated that the club 'go into the remainder of the season from a strong position and with confidence.'

A statement on the Celtic website reads: "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