Manchester United PLC
F:MUF
Income Statement
Earnings Waterfall
Manchester United PLC
Income Statement
Manchester United PLC
| Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
42
|
36
|
0
|
34
|
47
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
19
|
0
|
5
|
10
|
21
|
21
|
20
|
20
|
20
|
19
|
20
|
20
|
20
|
21
|
20
|
21
|
21
|
20
|
20
|
20
|
20
|
21
|
21
|
22
|
24
|
26
|
29
|
32
|
35
|
37
|
40
|
41
|
39
|
39
|
39
|
39
|
40
|
41
|
0
|
|
| Revenue |
346
N/A
|
320
-7%
|
323
+1%
|
332
+3%
|
353
+6%
|
363
+3%
|
385
+6%
|
398
+3%
|
422
+6%
|
433
+3%
|
423
-2%
|
406
-4%
|
386
-5%
|
395
+2%
|
430
+9%
|
458
+7%
|
487
+6%
|
515
+6%
|
512
-1%
|
536
+5%
|
540
+1%
|
581
+8%
|
605
+4%
|
624
+3%
|
644
+3%
|
590
-8%
|
581
-1%
|
612
+5%
|
617
+1%
|
627
+2%
|
627
+0%
|
587
-6%
|
559
-5%
|
509
-9%
|
483
-5%
|
487
+1%
|
482
-1%
|
494
+3%
|
512
+4%
|
524
+2%
|
559
+7%
|
583
+4%
|
600
+3%
|
582
-3%
|
600
+3%
|
648
+8%
|
662
+2%
|
720
+9%
|
687
-5%
|
662
-4%
|
648
-2%
|
621
-4%
|
645
+4%
|
667
+3%
|
664
0%
|
655
-1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(279)
|
(274)
|
(280)
|
(284)
|
(301)
|
(304)
|
(323)
|
(338)
|
(350)
|
(363)
|
(369)
|
(374)
|
(380)
|
(385)
|
(400)
|
(408)
|
(413)
|
(433)
|
(437)
|
(461)
|
(489)
|
(513)
|
(537)
|
(547)
|
(554)
|
(561)
|
(563)
|
(567)
|
(575)
|
(582)
|
(575)
|
(566)
|
(553)
|
(519)
|
(505)
|
(513)
|
(520)
|
(538)
|
(569)
|
(600)
|
(637)
|
(668)
|
(677)
|
(675)
|
(677)
|
(677)
|
(701)
|
(723)
|
(719)
|
(719)
|
(713)
|
(706)
|
(692)
|
(693)
|
(693)
|
(684)
|
|
| Selling, General & Administrative |
(163)
|
(164)
|
(164)
|
(170)
|
(179)
|
(181)
|
(193)
|
(201)
|
(209)
|
(218)
|
(211)
|
(208)
|
(205)
|
(206)
|
(212)
|
(219)
|
(225)
|
(236)
|
(236)
|
(244)
|
(254)
|
(267)
|
(271)
|
(277)
|
(286)
|
(299)
|
(303)
|
(311)
|
(321)
|
(335)
|
(326)
|
(319)
|
(303)
|
(286)
|
(286)
|
(297)
|
(312)
|
(324)
|
306
|
290
|
273
|
(385)
|
(378)
|
(357)
|
(341)
|
(367)
|
(339)
|
(357)
|
(363)
|
(395)
|
(355)
|
(342)
|
(322)
|
(336)
|
(307)
|
0
|
|
| Depreciation & Amortization |
(47)
|
(46)
|
(53)
|
(54)
|
(54)
|
(49)
|
(52)
|
(55)
|
(58)
|
(64)
|
(74)
|
(88)
|
(100)
|
(110)
|
(111)
|
(106)
|
(101)
|
(98)
|
(107)
|
(120)
|
(129)
|
(135)
|
(140)
|
(143)
|
(146)
|
(149)
|
(148)
|
(145)
|
(143)
|
(141)
|
(139)
|
(137)
|
(140)
|
(142)
|
(141)
|
(142)
|
(141)
|
(139)
|
(143)
|
(149)
|
(157)
|
(166)
|
(171)
|
(177)
|
(180)
|
(187)
|
(194)
|
(200)
|
(204)
|
(207)
|
(213)
|
(212)
|
(212)
|
(213)
|
(215)
|
0
|
|
| Other Operating Expenses |
(69)
|
(64)
|
(63)
|
(61)
|
(68)
|
(74)
|
(78)
|
(82)
|
(83)
|
(81)
|
(84)
|
(78)
|
(76)
|
(69)
|
(76)
|
(84)
|
(87)
|
(99)
|
(95)
|
(98)
|
(106)
|
(112)
|
(126)
|
(127)
|
(122)
|
(113)
|
(111)
|
(111)
|
(111)
|
(106)
|
(111)
|
(110)
|
(110)
|
(92)
|
(79)
|
(74)
|
(67)
|
(74)
|
(732)
|
(741)
|
(753)
|
(117)
|
(129)
|
(141)
|
(155)
|
(124)
|
(168)
|
(165)
|
(152)
|
(117)
|
(145)
|
(151)
|
(158)
|
(144)
|
(171)
|
(684)
|
|
| Operating Income |
67
N/A
|
46
-30%
|
43
-7%
|
48
+10%
|
52
+9%
|
59
+14%
|
63
+6%
|
61
-3%
|
72
+19%
|
70
-2%
|
55
-22%
|
32
-42%
|
5
-84%
|
10
+92%
|
30
+208%
|
50
+63%
|
74
+48%
|
82
+12%
|
75
-9%
|
75
0%
|
51
-32%
|
68
+33%
|
68
0%
|
77
+14%
|
90
+17%
|
29
-68%
|
18
-35%
|
45
+145%
|
43
-6%
|
45
+5%
|
52
+17%
|
22
-59%
|
6
-74%
|
(10)
N/A
|
(23)
-124%
|
(26)
-13%
|
(38)
-47%
|
(43)
-15%
|
(57)
-32%
|
(76)
-32%
|
(78)
-3%
|
(85)
-8%
|
(77)
+9%
|
(93)
-21%
|
(77)
+17%
|
(29)
+63%
|
(39)
-37%
|
(2)
+94%
|
(32)
-1 297%
|
(57)
-76%
|
(65)
-14%
|
(85)
-31%
|
(47)
+44%
|
(27)
+43%
|
(29)
-7%
|
(29)
-1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(49)
|
(50)
|
(42)
|
(30)
|
(45)
|
(71)
|
(53)
|
(53)
|
(34)
|
(31)
|
3
|
4
|
5
|
(31)
|
(3)
|
(3)
|
(3)
|
(6)
|
(5)
|
(17)
|
(22)
|
(25)
|
(16)
|
(8)
|
(4)
|
(16)
|
(19)
|
(21)
|
(26)
|
(20)
|
(23)
|
(2)
|
(24)
|
(24)
|
(2)
|
2
|
26
|
13
|
5
|
(22)
|
(34)
|
(60)
|
(81)
|
(59)
|
(44)
|
(16)
|
(14)
|
(24)
|
(39)
|
(48)
|
(1)
|
(39)
|
(26)
|
(8)
|
(34)
|
(15)
|
|
| Non-Reccuring Items |
(2)
|
(1)
|
(5)
|
(3)
|
2
|
3
|
2
|
3
|
3
|
2
|
18
|
19
|
14
|
21
|
(4)
|
(4)
|
1
|
(25)
|
(9)
|
(4)
|
(8)
|
16
|
25
|
20
|
18
|
16
|
21
|
(4)
|
6
|
5
|
(5)
|
18
|
16
|
15
|
(10)
|
5
|
(1)
|
7
|
37
|
13
|
15
|
(3)
|
(4)
|
4
|
5
|
20
|
33
|
27
|
(5)
|
(10)
|
(13)
|
(17)
|
12
|
12
|
30
|
47
|
|
| Total Other Income |
0
|
(0)
|
(0)
|
(9)
|
(9)
|
(0)
|
(15)
|
(12)
|
(18)
|
(0)
|
(26)
|
(28)
|
(29)
|
(4)
|
(30)
|
(29)
|
(27)
|
(2)
|
(16)
|
(11)
|
(7)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(16)
|
(16)
|
(15)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(7)
|
(9)
|
(11)
|
(13)
|
(15)
|
(16)
|
(17)
|
(16)
|
(16)
|
(17)
|
(17)
|
(13)
|
|
| Pre-Tax Income |
16
N/A
|
(5)
N/A
|
(4)
+6%
|
5
N/A
|
(1)
N/A
|
(9)
-640%
|
(3)
+64%
|
(1)
+62%
|
22
N/A
|
41
+81%
|
49
+21%
|
27
-46%
|
(5)
N/A
|
(4)
+33%
|
(6)
-82%
|
14
N/A
|
45
+229%
|
49
+9%
|
44
-10%
|
42
-5%
|
15
-65%
|
57
+288%
|
73
+30%
|
86
+17%
|
101
+18%
|
26
-75%
|
17
-32%
|
17
-1%
|
20
+16%
|
27
+37%
|
21
-23%
|
35
+66%
|
(4)
N/A
|
(21)
-382%
|
(50)
-142%
|
(34)
+33%
|
(28)
+16%
|
(24)
+16%
|
(17)
+30%
|
(87)
-419%
|
(100)
-15%
|
(150)
-50%
|
(164)
-10%
|
(153)
+7%
|
(123)
+20%
|
(33)
+73%
|
(31)
+5%
|
(13)
+58%
|
(91)
-597%
|
(131)
-44%
|
(96)
+26%
|
(158)
-64%
|
(78)
+51%
|
(40)
+49%
|
(50)
-25%
|
(10)
+81%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
22
|
28
|
53
|
18
|
27
|
155
|
129
|
130
|
113
|
(17)
|
(16)
|
(13)
|
5
|
3
|
2
|
0
|
(14)
|
(12)
|
(11)
|
(10)
|
(1)
|
(17)
|
(26)
|
(26)
|
(31)
|
(15)
|
(9)
|
(11)
|
(13)
|
(9)
|
(8)
|
(10)
|
4
|
5
|
7
|
23
|
20
|
10
|
14
|
11
|
12
|
34
|
38
|
34
|
26
|
4
|
3
|
(1)
|
11
|
18
|
10
|
24
|
12
|
7
|
9
|
1
|
|
| Income from Continuing Operations |
38
|
23
|
49
|
23
|
25
|
146
|
126
|
128
|
136
|
24
|
33
|
14
|
0
|
(1)
|
(5)
|
14
|
30
|
36
|
33
|
31
|
14
|
39
|
48
|
59
|
70
|
11
|
8
|
6
|
7
|
19
|
13
|
26
|
(0)
|
(15)
|
(43)
|
(11)
|
(8)
|
(14)
|
(3)
|
(76)
|
(88)
|
(116)
|
(126)
|
(119)
|
(97)
|
(29)
|
(28)
|
(14)
|
(80)
|
(113)
|
(86)
|
(134)
|
(65)
|
(33)
|
(41)
|
(9)
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
37
N/A
|
23
-39%
|
48
+111%
|
23
-53%
|
25
+12%
|
146
+481%
|
126
-14%
|
128
+2%
|
136
+6%
|
24
-82%
|
33
+39%
|
14
-58%
|
0
-99%
|
(1)
N/A
|
(5)
-445%
|
14
N/A
|
30
+121%
|
36
+20%
|
33
-10%
|
31
-3%
|
14
-56%
|
39
+181%
|
48
+21%
|
10
-78%
|
21
+103%
|
(38)
N/A
|
(41)
-8%
|
6
N/A
|
7
+13%
|
19
+183%
|
13
-29%
|
22
+62%
|
(9)
N/A
|
(23)
-161%
|
(55)
-135%
|
(26)
+53%
|
(21)
+18%
|
(92)
-338%
|
(77)
+16%
|
(143)
-84%
|
(152)
-7%
|
(116)
+24%
|
(126)
-10%
|
(119)
+6%
|
(97)
+19%
|
(29)
+70%
|
(28)
+3%
|
(14)
+50%
|
(80)
-476%
|
(113)
-42%
|
(86)
+24%
|
(134)
-56%
|
(65)
+51%
|
(33)
+50%
|
(41)
-24%
|
(9)
+78%
|
|
| EPS (Diluted) |
0.22
N/A
|
23.22
+10 455%
|
0.3
-99%
|
0.13
-57%
|
0.15
+15%
|
0.9
+500%
|
0.77
-14%
|
0.79
+3%
|
0.84
+6%
|
0.15
-82%
|
0.2
+33%
|
0.08
-60%
|
-0.01
N/A
|
-0.01
N/A
|
-0.03
-200%
|
0.08
N/A
|
0.18
+125%
|
0.22
+22%
|
0.19
-14%
|
0.19
N/A
|
0.09
-53%
|
0.24
+167%
|
0.3
+25%
|
0.06
-80%
|
0.12
+100%
|
-0.22
N/A
|
-0.24
-9%
|
0.03
N/A
|
0.04
+33%
|
0.11
+175%
|
0.09
-18%
|
0.13
+44%
|
-0.05
N/A
|
-0.14
-180%
|
-0.33
-136%
|
-0.15
+55%
|
-0.12
+20%
|
-0.56
-367%
|
-0.47
+16%
|
-0.86
-83%
|
-0.92
-7%
|
-0.71
+23%
|
-0.76
-7%
|
-0.74
+3%
|
-0.6
+19%
|
-0.18
+70%
|
-0.17
+6%
|
-0.09
+47%
|
-0.48
-433%
|
-0.68
-42%
|
-0.5
+26%
|
-0.81
-62%
|
-0.37
+54%
|
-0.19
+49%
|
-0.24
-26%
|
-0.05
+79%
|
|