Tottenhamhave confirmed that their post-tax loss increased to £94.7million in the period ending 30 June 2025.
In a statement released on Tuesday afternoon, the club revealed that the loss for the year after depreciation, amortisation, player trading, interest and taxation has risen more than 260 per cent from £26.2m to £94.7m. This is despite total revenue and other income increasing to £565.3m during the reporting period.
A statement from Spurs read: "The Club has today published its financial results for the year ended 30 June 2025. Total revenue and other income increased to £565.3m during the reporting period, driven by our Europa League success alongside strong commercial performance across sponsorship, merchandising and stadium events.
"However, the domestic on-pitch under-performance of both our Men's and Women's teams during the reporting period had a direct impact on TV and Media revenues. The loss for the year after depreciation, amortisation, player trading, interest and taxation increased to £94.7m."
FOLLOW OUR TOTTENHAM FB PAGE! Latest Spurs news, analysis and much more via our dedicated Facebook page
Dissecting Tottenham's financial results, match receipts rose by almost 20 per cent from £105.8m to £126.5m. The club say that was driven by the increased number of matches at the Tottenham Hotspur Stadium.
Looking at UEFA prize money, Spurs banked £34.7m after winning the Europa League. It was a significant rise on the £1.3m earned from 2023/24 considering the club didn't have European football that season.
But TV and media revenues decreased by 23 per cent from £165.9m to £127m, following Tottenham's 17th-place finish in the Premier League.
Commercial revenues and other income from sponsorship, merchandising and other income such as stadium events, visitor attractions, pre-season tour and conference and events, meanwhile, went up from £255.2m to £277.1m.
Before player trading, operating expenses increased by 15 per cent from £453.6m to £521.5m, driven by staff costs, hosting more football matches and stadium events and our continued technological advancements.
Overall, profit from operations before depreciation, amortisation, player trading, interest and taxation decreased by 22 per cent from £144.9m to £112.3m.
Tottenham finished the statement by revealing the club's net debt as of 30 June 2025 increased from £772.5m to £831.2m. They say "over 90 per cent" of their financial borrowings of £851.7m are at fixed rates, with an average interest rate of 3.07 per cent.
"The average maturity of all our borrowings is 17.6 years, some of which stretch until 2051, ensuring limited impact on the Club’s financial sustainability," Tottenham said.
"As with prior years no dividends have been paid."
On the pitch, Tottenham are facing the threat of relegation down to the Championship. Indeed, with seven matches to go, Spurs, who face Sunderland next up, sit 17th in the Premier League table, just one point and one place above 18th-place West Ham, who sit in the final relegation spot.
