Inter recorded a net profit of €22.7m for the 2025-26 financial year, their second positive result in a row under Oaktree’s ownership.
According to Calcio e Finanza, the figure is down from €35.4m the previous year, when the Nerazzurri benefited from reaching the Champions League final and taking part in the expanded Club World Cup.
Revenue fell from €567m to €517.7m, though it is still the second-highest turnover in the club’s history. The drop came largely from UEFA television income, which almost halved from €136.8m to €73.8m, and from the €31.4m earned at the Club World Cup not being repeated.
Inter revenue and costs: where the money came from
Commercial revenue rose to €150.8m, and player trading brought in €33.1m, including €19.9m in capital gains. Matchday income dipped to €92m. Other revenue jumped to €72.9m, boosted by a €22.3m share of the settlement between Serie A, its clubs and IMG over international TV rights from 2008 to 2018.
On the other side of the ledger, operating costs fell 4 per cent to €462.8m. Staff costs dropped to €239.7m, as lower spending on coaching staff and performance bonuses offset a rise in players’ wages from €154.6m to €161m. Amortisation also fell, to €79.9m.
Net financial costs more than halved to €16.8m following the refinancing of the club’s bond, which cushioned the blow from lower revenue.
Inter’s consolidated equity returned to positive territory at €10.4m, up from -€12.3m a year earlier. Total debt edged up to €665.4m, including €346.8m in bonds, while cash reserves rose slightly to €120m.