Norwich City has released its latest annual report, covering the year ended 30 June 2025.
The report includes updates from members of the executive committee and senior colleagues, offering supporters valuable insight into the club’s operational activity over the period.
For the year ended 30 June 2025, the group’s turnover totalled £39.3m, compared to £73.1m in the prior year. The decrease reflects the absence of Premier League parachute payments, marking the first year since 2018/19 that the club did not receive either full Premier League or parachute payment income.
The group recorded a significant operating loss, before player trading, of £25.5m, compared to a £0.6m loss in 2024. However, the club generated a profit of £23.2m from player sales, with notable departures including Gabriel Sara, Adam Idah and Abu Kamara, alongside £12.1m of amortisation recognised during the year. After accounting for player trading, the operating loss was £14.4m, compared to a £7.0m loss in 2024.
Ownership investment in the squad remained high, with all signings agreeing long-term contracts. During the summer of 2024, José Córdoba, Ante Crnac, Oscar Schwartau, Ben Chrisene, Emiliano Marcondes and Amankwah Forson joined the club, followed by Matěj Jurásek, Anis Ben Slimane and Ruairi McConville in January 2025.
The summer 2025 transfer window was also active, with substantial profits generated from the sales of Borja Sainz, Jonathan Rowe, Marcelino Núñez and Brad Hills. These funds were immediately reinvested in new first-team additions, including Jacob Wright, Daniel Grimshaw, Harry Darling, Louie Moulden, Mathias Kvistgaarden, Papa Amadou Diallo, Mirko Topić, Jovon Makama, Pelle Mattsson, Vladan Kovačević, Jeffrey Schlupp and Jakov Medić.
In addition to squad development, the club invested £2.3m in capital infrastructure during the period.
The full report of the club’s annual accounts for the year ended 30 June 2025 can be accessed by clicking on the below link.
All shareholders will receive a copy of the report in the post over the coming days.