Cheltenham Town have announced a loss of just over £325,000 for the 2024-25 financial year, their first season following relegation from League One.
The Robins, who finished 15th in League Two last season, were taken over last summer by former Burnley chairman Mike Garlick.
The Gloucestershire club's 2024-25 accounts, filed to Companies House, showed a reduction in revenue of £484,000 compared with the previous year, but only slight losses in terms of gate receipts and commercial income.
In a statement, the club said: "We'd like to thank every fan for their continued support, both last season and the current season, with attendances remaining strong and the atmosphere being positive and engaging."
The Robins are currently 18th in the table, nine points above the relegation zone before their trip to League Two leaders Bromley on Tuesday.
