HEARTS have posted their annual figures for the last financial year with the numbers showing a record turnover for the Tynecastle club.
That’s despite the fact the Jambos posted a small operating loss for the year up to June 30, 2025.
Hearts generated a bumper turnover of £24.4million – a record for the club.
This is the third year the club have broken the £20m mark in turnover.
As mentioned, Hearts did however post an operating loss but it’s a small one of just £400,000 and is perhaps little surprise given the Jambos dismissed TWO managers during the financial year.
While they’re flying high at the top of the Scottish Premiership this season, it was a different story last campaign.
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Steven Naismith was sacked in late September last year just weeks after signing a new contract.
His replacement Neil Critchley was dismissed from the role just seven months later.
It was a campaign that saw Hearts fail to secure a top six finish and flop in Europe.
Although things didn’t go to plan in the Europa League or Conference League, the earnings from European competition helped boost the figures.
Derek McInnes, appointed at the very end of last season, has led Hearts to the top of the Scottish Premiership table where they are currently enjoying a nine-point lead over Celtic.
The financial figures also saw an increase of £1.3million in gains from player trading.
Commercial revenue was up 10 per-cent, offset by staff costs at the club increasing by 16 per-cent to £19m.
Donations to the Foundation of Hearts helped boost the club’s coffers by £1.49million.
Tony Bloom near £10m investment in the club was completed in June which has strengthened the club’s position to hold net assets of £27.6m.
This investment is NOT, however, included in the profit and loss figures and the club explained why.
A Hearts statement said: “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.
“As an equity investment, this is not reflected in the profit/loss figures shown in the income statement or referenced above.
“In summary, we are pleased to be able to submit a robust set of accounts for the financial year ended 30 June 2025.”
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