Inter Milan Stay Profitable with €22.7 Million Gain Despite Falling Revenue

Inter Milan have maintained their positive financial momentum under Oaktree’s ownership, recording a net profit of €22.7 million for the 2025–26 financial year. Although this represents a decline from the €35.4 million profit reported the previous year, the result highlights the club’s ability to remain financially stable despite lower revenues. Inter benefited from an exceptional previous campaign that included a Champions League final appearance and participation in the expanded FIFA Club World Cup.

The club’s total revenue fell from €567 million to €517.7 million, making it the second-highest figure in Inter’s history. The main reason for the decline was a sharp reduction in UEFA television income, which dropped from €136.8 million to €73.8 million. Inter also missed out on the €31.4 million generated by the previous season’s Club World Cup. However, commercial revenue continued to grow, reaching €150.8 million, while player trading contributed €33.1 million, including €19.9 million in capital gains.

Other revenue streams helped soften the financial impact. Matchday income declined to €92 million, but other income rose significantly to €72.9 million. This increase was partly driven by Inter’s €22.3 million share of a settlement involving Serie A, its clubs, and IMG over international broadcasting rights covering the 2008–2018 period. The figures demonstrate how additional revenue sources helped the club offset weaker earnings from European competitions and international tournaments.

Inter also managed to reduce several major expenses during the financial year. Operating costs fell by four per cent to €462.8 million, while staff expenses decreased to €239.7 million. Lower spending on coaching staff and performance bonuses helped balance the rise in player salaries, which increased from €154.6 million to €161 million. Player amortisation costs also dropped to €79.9 million, while net financial expenses more than halved to €16.8 million following the refinancing of the club’s bonds.

Despite the decline in revenue and annual profit, Inter’s overall financial position showed further signs of improvement. Consolidated equity returned to positive territory at €10.4 million, compared with a negative balance of €12.3 million the previous year. Total debt edged up to €665.4 million, including €346.8 million in bonds, while cash reserves increased slightly to €120 million. Under president Giuseppe Marotta and Oaktree’s ownership, Inter continue to balance financial discipline with their ambition to compete at the highest level of European football.