Hibs announce losses of over £5m

Hibernian have announced losses of £5.84m for the year ending June 2025, down from losses of £7.17m the previous year.

In a statement to shareholders the club say they have increased revenue to £16.8m - a record total - and the wages to turnover ration has reduced from 79% to 74% due to "improved financial discipline and balance on spend".

Player trading produced a profit of just over £400,000 - not including the club record fee received for Kieron Bowie - with a cash balance of £3.3m available. This after the club received over £4m from the issue of new shares.

The clubs annual general meeting will take place on Thursday 26 March at Easter Road.

For supporters and shareholders alike, the latest financial figures from Hibernian make for uncomfortable reading. The club reported a loss of close to £6m for the year ending June 2025, continuing a worrying trend that has developed over the past four seasons.

The scale of the decline becomes clearer when viewed in sequence. After posting a profit of £871,000 in 2021, the club's finances have moved steadily into the red. Losses of £1.465m were recorded in 2022, followed by £3.845m the year after. That figure rose sharply to £7.172m before settling at £5.835m in the most recent accounts.

Taken together, the numbers are striking. Across the last four reporting periods, Hibernian have accumulated losses of more than £18m.

Yet there are signs the financial picture could soon begin to improve.

The recent sale of striker Kieron Bowie to Hellas Verona will provide a welcome boost to the club's next set of accounts. Transfer income can often make a significant difference to a club's balance sheet, and this deal should offer some short-term relief.

There are also likely to be changes within the playing squad over the coming months. Several of the club's higher earners are approaching the end of their contracts, which could help reduce the wage bill as the squad evolves this summer.

While the current figures underline the financial challenges facing the club, the combination of transfer income and a potential restructuring of the wage bill offers some grounds for cautious optimism.

If those measures take effect as anticipated, Hibernian's financial statement this time next year may make for more encouraging reading.