Trump International Golf Links near Aberdeen recorded its 13th straight year of losses, however, the deficit reduced to £937,693 in 2024 compared with £1.4 million the previous year.
Revenue increased to £4.5 million, up 22%, helped by the launch of a second golf course and hosting major tournaments, including the PGA Seniors Championship. Higher marketing spend and event activity bolstered international attention, with management optimistic that these investments will drive future growth.
The course’s strategic report noted “renewed interest from overseas tourists and tournament activity” as key to revenue resilience.
Trump Turnberry in Ayrshire reported a 15% rise in turnover to £24.2 million, attributed to robust luxury travel and golf tourism, with green fees sometimes exceeding £1,000 per round.
While operating profit more than doubled to £2.3 million, a significant depreciation charge again tipped results into a pre-tax loss of £631,779, albeit much improved compared to losses exceeding £1.7 million the year before. Reports suggest that elevated operating costs—particularly depreciation—continue to offset operating gains.
Eric Trump, the executive vice-president, said: Director Eric Trump commented: “The year, again, saw a sizeable increase in tournament and marketing expenditure, which has supported the revenue increases in 2024 and we expect will help to deliver continued revenue growth in 2025 and beyond.
Sarah Malone, the executive vice president at Trump International Scotland, said: “Trump Turnberry and Trump International Scotland saw substantial revenue growth across all income streams in 2024 and attained their highest ever annual turnovers.
“Both businesses have also benefited from major capital investments to further expand and enhance their top-world-ranked golf courses and leisure facilities.”
Both resorts continue to be backed by the Trump Organisation’s wider investment strategy, with executive teams expecting sustained growth through further capital expenditure and global golf tourism.
Neither business has yet delivered a profit, but management insists their focus is the long-term creation of “something extraordinary” for Scotland’s golf landscape.
