Scottish Rugby has reported a reduced loss of £3.68 million in its latest annual report.
Figures for the financial year to 30 June 2025, show the governing body has cut its losses from £11m in 2023/24, while posting record revenues of £79.4m, up £5.5m from the previous year (£73.9m).
It’s the third year running that losses have been reported. Last year’s figure for a 13-month period due to change in the accounting period was £11.27m, while the year up to 30 June 2023 was £10.5m.
Income from broadcast, ticketing, commercial and professional rugby has been responsible for the increase in turnover, according to Scottish Rugby.
Cash in the bank has also increased, up £11.4m to sit at £28.2m.
Murrayfield Stadium as a concert venue has also played a big part in generating revenue, with Oasis, Robbie Williams and AC/DC having all played there this year.
Scottish Rugby chief executive Alex Williamson, now nine months into the post after replacing Mark Dodson, said: “Our mission is to become the leading union in world rugby and, thanks to the efforts of both the SRL and SRU boards and to a number of my executive team, the financial resilience needed to support our change agenda is growing and this has allowed us to make initial strides forward in many areas.
“We still have work to do to ensure we meet our financial targets, and our future financial improvement will be energised through careful but ambitious investment.
“This year we have invested in both our High-Performance programme, to ensure we move forward competitively, and at Scottish Gas Murrayfield, investments which are the start of a wider reimagining of our campus.
“I’m encouraged by the passion and focus across the organisation to improve and go after opportunities to move Scottish Rugby forward, on and off the pitch.”
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