Inter Post €22.7m Profit Despite Revenue Drop: Champions League Final Windfall Fades

FolioPitch.com – 13 October 2026 | Inter Milan have reported a net profit of €22.7 million for the 2025-26 financial year, a result that stands out as their second consecutive positive balance under Oaktree’s ownership. The headline figure, however, comes with a caveat: it represents a decline from the €35.4 million profit recorded a year earlier, when the club reaped the rewards of a Champions League final run and participation in the expanded Club World Cup. In essence, Inter post 22 7m profit despite revenue drop after Champions League final windfall, showcasing the club’s ability to remain profitable even as the extraordinary income from that memorable campaign begins to recede.

Revenue for the year fell to €517.7 million, down from €567 million in the previous cycle. Despite the decrease, it remains the second-highest turnover in Inter’s storied history—a testament to the club’s robust commercial engine and global appeal. The drop was largely driven by a near-halving of UEFA television income, which plummeted from €136.8 million to €73.8 million. Additionally, the €31.4 million earned from the Club World Cup was not repeated, further explaining the downturn.

Yet the Nerazzurri’s financial narrative is not one of decline but of resilience. Commercial revenue climbed to €150.8 million, underlining the strength of Inter’s brand partnerships. Player trading contributed €33.1 million, including €19.9 million in capital gains. Matchday income dipped slightly to €92 million, while other revenue surged to €72.9 million, boosted by a €22.3 million share of the settlement between Serie A, its clubs, and IMG over international TV rights from 2008 to 2018. This one-off windfall provided a timely cushion, helping Inter post 22 7m profit despite revenue drop after Champions League final windfall.

On the cost side, the club demonstrated disciplined financial management. Operating costs fell by 4 per cent to €462.8 million. Staff costs decreased to €239.7 million, as lower spending on coaching staff and performance bonuses offset a rise in players’ wages from €154.6 million to €161 million. Amortisation also declined, to €79.9 million. Net financial costs more than halved to €16.8 million following the refinancing of the club’s bond, which significantly cushioned the blow from lower revenue.

Inter’s consolidated equity returned to positive territory at €10.4 million, a notable improvement from -€12.3 million a year earlier. Total debt edged up to €665.4 million, including €346.8 million in bonds, while cash reserves rose slightly to €120 million. These figures suggest a club stabilising its balance sheet while continuing to invest in on-field success.

The broader context is crucial. The 2024-25 season was an outlier, fuelled by a Champions League final appearance and the inaugural Club World Cup. Those events generated exceptional income that is unlikely to recur annually. The fact that Inter post 22 7m profit despite revenue drop after Champions League final windfall highlights the effectiveness of Oaktree’s stewardship and the club’s improved cost structure.

Looking ahead, Inter’s challenge will be to sustain profitability without relying on one-off windfalls. The return to positive equity is a promising sign, but the club must continue to grow commercial and matchday revenues while managing player wages and amortisation. The refinancing of the bond has provided breathing room, but total debt remains substantial.

In conclusion, Inter’s 2025-26 financial results reflect a club in transition—adapting to a post-windfall landscape while maintaining profitability. The €22.7 million net profit, though lower than the previous year, is a solid achievement. As the Nerazzurri aim to compete at the highest level in Italy and Europe, their financial prudence will be as important as their performances on the pitch. For now, Inter post 22 7m profit despite revenue drop after Champions League final windfall, a headline that underscores both the challenges and the opportunities that lie ahead.