Hearts report 'net operating loss' of £400,000 for year to June

Hearts say they made a net operating loss of £400,000 for the year ending 30 June, despite increased turnover, European football and profit in player trading.

Brighton owner Tony Bloom paid nearly £10m to acquire a 29% stake in the club, with the deal concluded on 25 June. The club said this is reflected in the balance sheet, rather than the profit and loss account.

However, "income was further bolstered by total donations from benefactors and the Foundation of Hearts of just under £6m", the club said.

A loss for the financial year of almost £2m is listed in the annual accounts.

"The aforementioned investment, coupled with the financial impact of the poor on-pitch performance during the 2024-25 campaign and continuing inflationary cost pressures, as witnessed across the industry and wider economy, contributed to a net operating loss (after inclusion of £1.3m of player trading gains) of £0.4m," the club said.

"This is improved from last year's equivalent figure of £1.2m.

"Our balance sheet remains healthy with net assets of £27.6m at year end, strengthened by the completion of Tony Bloom's investment in the club in June 2025."

Click here to read article