The governing body reports a healthier position after spending cuts.
UK Athletics reported a surplus for the year ending 31 March 2025, the organisation’s first for several years, marking a significant milestone in its plan to restore stability and confidence in the sport’s national governing body.
The result follows a period of significant change at UKA, including tighter cost controls, internal restructuring decisions and a sharper focus on core programmes. It also reflects the success of Athletic Ventures, a joint venture between UKA, London Marathon Events and The Great Run Company, which has enabled a more collaborative and commercially sustainable approach to the growth of event delivery, sponsorship and broadcasting.
“I am very pleased that we have returned to profit. this is an important moment for UK athletics and a real sign that the steps we have taken over the last two years are paying off. But I’m not underestimating how hard it was to get back into this position. It took hard decisions, careful management and the commitment of many people.
“The organization has gone through a period of real changes. We have had to make savings across the board, including cuts and reduced support for some programs outside of the World Class Performance System. Those decisions were extremely tough and never taken lightly, but they were necessary to ensure the long-term sustainability of the sport. We are now a lower organization.
“Our move to surplus is a real achievement, but it reflects more than just good financial management. It speaks to new, more collaborative working, both internally and through our partnerships.
“That partnership has already brought in new sponsors such as Vita Coco and Novuna, whose multi-year title agreement supports both our main events and the UK and Northern Ireland team. Along with them, our long-time partner Nike has continued to provide unwavering and vital support during this time, remaining central to the turnaround, for which we are extremely grateful.
“We are also grateful for the continued commitment of UK Sport, whose funding for our World Class program has helped athletes through this time of change, and whose contribution to the Los Angeles 2028 cycle will be vital as we build for the next Olympic and Paralympic Games.” Athletics Meet — through 2029. Their belief in the appeal of athletics gives us real confidence in the future of the sport.”
“None of this means the work is done. We are still working to reduce our accumulated deficit, restore reserves and manage the challenges of government funding cuts and rising costs. But this is a turning point. The beginning of a new chapter for the United States. athletes and coaches as we look to the next Olympic and Paralympic phase.
“Next year brings an exciting event with the European Athletics Championships in Birmingham, the first major championship organized by Athletic Ventures. It will be a powerful showcase for the partnership model that has helped our recovery and a great opportunity to celebrate our athletes on home soil.
“I would like to thank the Board, the executive team, our partners and, above all, our staff for their professionalism and resilience during what has been a demanding period. Their dedication has made this progress possible.
To view the 2024/25 audited accounts follow this link.
