Caley Thistle finished 9th of 12 teams in the SPL, on 43 points from 38 matches. They managed only a disappointing −11 goal differential, from 51 goals scored and 62 allowed. It was a mixed season for statistics, as this tied the club's record for goals scored in an SPL season, set in 2004–05, but also demolished their record for SPL goals conceded by 14. But overall, it could be called a poor season for the Caley, with the lowest total points and lowest finishing league standing since their promotion in 2004.
The exception to this poor form, and the main reason for the team's survival in the SPL, was the month of December. A streak that included wins against Hearts and Celtic earned Craig Brewster Manager of the Month and Marius Niculae Player of the Month honors.
Scottish Cup
To go along with the lackluster league season was a short and poor Scottish Cup. Caley Thistle entered the tournament in the fourth round, and faced Hibernian at Easter Road. Dean Shiels scored a hat trick and sunk Caley's hopes for a cup run at the first possible point as the match finished 3–0 to Hibs.
League Cup
The League Cup provided a bit more positive news for Caley Thistle fans, as the club reached the quarterfinals for the second time in three seasons, on the strength of a 4–1 win over Arbroath and a 3–0 win over Gretna. The run stopped abruptly, however, away to Aberdeen, who beat Caley Thistle 4–1 on the strength of another hat trick (albeit including two penalties), this time from Barry Nicholson.