Aberdeen FC have reported a £4m loss for the financial year, despite announcing record turnover at Pittodrie. The latest annual accounts show losses have nearly doubled from £2.1m the previous year, while operating loss increased to £6.2m from £1.5m.
Reasons behind the financial hit
The club attributed the figures to continued investment in the football operation, rising player wages, transfer activity and a disappointing campaign on the pitch. Despite winning the Scottish Cup under Jimmy Thelin in 2025, Aberdeen finished ninth in the Premiership, missing the top six for the third time in four years. Thelin was sacked midway through the season, with Stephen Robinson taking charge for the final three and a half months.
Record turnover and partnership revenue
Qualification for Europe at the start of last season contributed to record turnover of £24.4m. The club entered the Europa League play-off round in 2025 before dropping into the Conference League. Revenue from club partnerships reached a record £1.8m.
In the current season, Aberdeen sit 11th in the Premiership after 12 matches and are seeking a new manager after sacking Robinson on Monday. Chief executive Adrian Bevington and sporting director Lutz Pfannenstiel have identified seven candidates to replace the Irishman, with interviews underway.
Chairman's statement
Chairman Dave Cormack said in a club statement: "While we are pleased to report record turnover, the overall financial outcome falls short of the standards we set ourselves and reflects the significant challenges experienced during the 2025/26 season."
He added: "The Board made a conscious decision to invest heavily in the football department with the aim of driving success on the pitch. Unfortunately, the performances and results achieved did not deliver the return we expected from that investment, and that is reflected in these results."
Cormack also noted majority shareholders invested an additional £8m in June 2025, and that AberDNA membership surpassed 10,000 for the first time while season ticket sales reached a record 11,500. "These results highlight the importance of balancing our ambitions with a sustainable approach," he said.
