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Manchester United returned to operating profitability due to reduced expenses but recorded a net loss driven by foreign exchange losses on USD-denominated debt.
Revenue reached £140.3M, slightly down from the previous year.
Adjusted EBITDA rose to £26.9M, showing improved operational efficiency.
The company reported a net loss of £6.6M due to FX losses on USD borrowings.
Operating profit turned positive at £13.0M, compared to a loss in Q1 2025.
The company reaffirmed its FY2026 outlook for revenue and adjusted EBITDA.
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