Inter Milan Reports €22.7m Profit on €518m Revenue in 2025/26.

Roger Hampel

Image: Inter Milan

Inter Milan reported a €22.7 million net profit for the 2025/26 financial year, marking its second consecutive profitable season, while revenue reached €518 million, the second-highest level in the club’s history.

The results also moved Inter’s shareholders’ equity back into positive territory at €10.4 million, compared with negative equity of €12 million a year earlier.

The draft accounts were approved by the board of FC Internazionale Milano S.p.A. on September 24 and will be submitted to shareholders for approval at the club’s AGM in mid-October.

Revenue Reaches €518m After Record Previous Season Inter

Inter generated €518 million in revenue, down from the club-record €567 million reported for 2024/25.

The comparison reflects an unusually strong previous financial year, when Inter generated additional revenue from reaching the 2025 UEFA Champions League Final and participating in the FIFA Club World Cup.

Despite that decline, the 2025/26 figure represents Inter’s second-highest annual revenue. Commercial revenue increased 7% year-on-year, with the club attributing much of the growth to higher merchandising income following the implementation of its new business model with Fanatics.

Average matchday revenue per event also increased, while revenue from player trading rose by €11 million.

Operating Costs Fall by €20m

Inter combined its revenue performance with lower expenditure during the year.

Operating costs declined by approximately €20 million, or 4%, while amortisation and impairment charges related to player registration rights decreased by €8 million.

The combination helped Inter close the year with a €22.7 million net profit, extending the club’s return to profitability to a second consecutive season.

The balance-sheet position also improved substantially. Shareholders’ equity moved from negative €12 million in 2024/25 to positive €10.4 million at the end of 2025/26 - an improvement of €22.4 million.

Refinancing Cuts Finance Costs by Around 50%

Inter also reported a significant reduction in financing expenses following the refinancing completed at the end of the previous financial year.

Finance costs fell by approximately 50%, equivalent to €19 million, with the club attributing the reduction to the lower cost of capital under its new financing facility.

Inter Begins Infrastructure Investment Programme

The club has meanwhile launched an investment programme covering its football infrastructure.

Projects are planned at the Inter Training Center in Appiano Gentile and the Konami Women & Talent Center in Interello.

2026/27 Commercial Development

Inter enters 2026/27 with a new major commercial agreement already in place.

Spanish banking group BBVA has become the club’s Official Sleeve Partner and Official Banking Partner, while also taking front-of-shirt rights across Inter’s youth teams from Under-18 level down.

On the sporting side, Inter is competing in the UEFA Champions League for a ninth consecutive season and entered the domestic campaign as reigning Serie A champions.

The 2025/26 accounts nevertheless provide the more significant off-field benchmark: €518 million in revenue, a €22.7 million profit, €20 million of operating cost reductions and a return to positive shareholders’ equity for the group.