For a third successive year we finished in the top half of the Scottish Premiership and enjoyed four thrilling games in the UEFA Conference League qualifiers. We ultimately lost to a very good SK Brann side who went on to finish 2nd in the Norwegian Eliteserien. It would be remiss not to mention the fantastic backing we received from our fans in all four matches. They turned out in incredible numbers and were a credit to the club and the town.
Performance
In terms of financial performance we achieved an Operating Profit before depreciation, amortisation and interest of £1,213,678 (2023/24 £65,089) resulting in a Net Profit after depreciation, amortisation and interest of £726,639 (2023/24 Loss (£396,430)). Clearly these results represent a significant achievement for the club. However they were enhanced significantly by the income from the UEFA Conference League matches whereas the bonuses for qualification were borne in the previous financial year. In addition, UEFA changed the distribution model for the 2024-27 cycle, which meant that payments are now distributed in the year in which they are earned. This resulted in the Club receiving two solidarity payments in 2024/25.
Overall it was another year of high achievement given the resources available to us. However with increased investment in many of the SPFL Premiership clubs, together with increased costs across the board, the task of sustaining these levels of attainment are arguably harder than ever. Everyone at the club is working extremely hard to increase revenues across all of our activities.
We thank everyone, players, management, operational staff, volunteers, directors, sponsors and our fantastic fans. Without you none of this would have been possible.
A copy of the club’s Annual Accounts can be found at Companies House. You can also access our Annual Accounts HERE.
