diff --git a/src/citra_qt/bootmanager.cpp b/src/citra_qt/bootmanager.cpp
index 4ae41f2eb..baabf8641 100644
--- a/src/citra_qt/bootmanager.cpp
+++ b/src/citra_qt/bootmanager.cpp
@@ -23,6 +23,7 @@
 #include "input_common/keyboard.h"
 #include "input_common/main.h"
 #include "input_common/motion_emu.h"
+#include "video_core/custom_textures/custom_tex_manager.h"
 #include "video_core/renderer_base.h"
 #include "video_core/video_core.h"
 
@@ -60,10 +61,17 @@ static GMainWindow* GetMainWindow() {
 void EmuThread::run() {
     MicroProfileOnThreadCreate("EmuThread");
     const auto scope = core_context.Acquire();
+    Core::System& system = Core::System::GetInstance();
+
+    if (Settings::values.preload_textures) {
+        emit LoadProgress(VideoCore::LoadCallbackStage::Preload, 0, 0);
+        system.CustomTexManager().PreloadTextures(
+            stop_run, [this](VideoCore::LoadCallbackStage stage, std::size_t value,
+                             std::size_t total) { emit LoadProgress(stage, value, total); });
+    }
 
     emit LoadProgress(VideoCore::LoadCallbackStage::Prepare, 0, 0);
 
-    Core::System& system = Core::System::GetInstance();
     system.Renderer().Rasterizer()->LoadDiskResources(
         stop_run, [this](VideoCore::LoadCallbackStage stage, std::size_t value, std::size_t total) {
             emit LoadProgress(stage, value, total);
diff --git a/src/citra_qt/loading_screen.cpp b/src/citra_qt/loading_screen.cpp
index 56e4b4d64..0cf6c23b7 100644
--- a/src/citra_qt/loading_screen.cpp
+++ b/src/citra_qt/loading_screen.cpp
@@ -62,6 +62,8 @@ QProgressBar::chunk {
 // Definitions for the differences in text and styling for each stage
 const static std::unordered_map<VideoCore::LoadCallbackStage, const char*> stage_translations{
     {VideoCore::LoadCallbackStage::Prepare, QT_TRANSLATE_NOOP("LoadingScreen", "Loading...")},
+    {VideoCore::LoadCallbackStage::Preload,
+     QT_TRANSLATE_NOOP("LoadingScreen", "Preloading Textures %1 / %2")},
     {VideoCore::LoadCallbackStage::Decompile,
      QT_TRANSLATE_NOOP("LoadingScreen", "Preparing Shaders %1 / %2")},
     {VideoCore::LoadCallbackStage::Build,
@@ -70,6 +72,7 @@ const static std::unordered_map<VideoCore::LoadCallbackStage, const char*> stage
 };
 const static std::unordered_map<VideoCore::LoadCallbackStage, const char*> progressbar_style{
     {VideoCore::LoadCallbackStage::Prepare, PROGRESSBAR_STYLE_PREPARE},
+    {VideoCore::LoadCallbackStage::Preload, PROGRESSBAR_STYLE_BUILD},
     {VideoCore::LoadCallbackStage::Decompile, PROGRESSBAR_STYLE_DECOMPILE},
     {VideoCore::LoadCallbackStage::Build, PROGRESSBAR_STYLE_BUILD},
     {VideoCore::LoadCallbackStage::Complete, PROGRESSBAR_STYLE_COMPLETE},
@@ -186,7 +189,8 @@ void LoadingScreen::OnLoadProgress(VideoCore::LoadCallbackStage stage, std::size
     // update labels and progress bar
     const auto& stg = tr(stage_translations.at(stage));
     if (stage == VideoCore::LoadCallbackStage::Decompile ||
-        stage == VideoCore::LoadCallbackStage::Build) {
+        stage == VideoCore::LoadCallbackStage::Build ||
+        stage == VideoCore::LoadCallbackStage::Preload) {
         ui->stage->setText(stg.arg(value).arg(total));
     } else {
         ui->stage->setText(stg);
diff --git a/src/core/core.cpp b/src/core/core.cpp
index 60cd7a61c..31de0537e 100644
--- a/src/core/core.cpp
+++ b/src/core/core.cpp
@@ -322,9 +322,6 @@ System::ResultStatus System::Load(Frontend::EmuWindow& emu_window, const std::st
     if (Settings::values.custom_textures) {
         custom_tex_manager->FindCustomTextures();
     }
-    if (Settings::values.preload_textures) {
-        custom_tex_manager->PreloadTextures();
-    }
     if (Settings::values.dump_textures) {
         custom_tex_manager->WriteConfig();
     }
@@ -554,6 +551,7 @@ void System::Shutdown(bool is_deserializing) {
         cheat_engine.reset();
         app_loader.reset();
     }
+    custom_tex_manager.reset();
     telemetry_session.reset();
     rpc_server.reset();
     archive_manager.reset();
diff --git a/src/video_core/custom_textures/custom_tex_manager.cpp b/src/video_core/custom_textures/custom_tex_manager.cpp
index a3086c4df..305ef782f 100644
--- a/src/video_core/custom_textures/custom_tex_manager.cpp
+++ b/src/video_core/custom_textures/custom_tex_manager.cpp
@@ -190,8 +190,10 @@ void CustomTexManager::WriteConfig() {
     file.WriteString(output);
 }
 
-void CustomTexManager::PreloadTextures() {
+void CustomTexManager::PreloadTextures(const std::atomic_bool& stop_run,
+                                       const VideoCore::DiskResourceLoadCallback& callback) {
     u64 size_sum = 0;
+    size_t preloaded = 0;
     const u64 sys_mem = Common::GetMemInfo().total_physical_memory;
     const u64 recommended_min_mem = 2 * size_t(1024 * 1024 * 1024);
 
@@ -206,8 +208,15 @@ void CustomTexManager::PreloadTextures() {
                 LOG_WARNING(Render, "Aborting texture preload due to insufficient memory");
                 return;
             }
+            if (stop_run) {
+                return;
+            }
             material->LoadFromDisk(flip_png_files);
             size_sum += material->size;
+            if (callback) {
+                callback(VideoCore::LoadCallbackStage::Preload, preloaded, custom_textures.size());
+            }
+            preloaded++;
         }
     });
     workers->WaitForRequests();
diff --git a/src/video_core/custom_textures/custom_tex_manager.h b/src/video_core/custom_textures/custom_tex_manager.h
index caee66a1f..007218857 100644
--- a/src/video_core/custom_textures/custom_tex_manager.h
+++ b/src/video_core/custom_textures/custom_tex_manager.h
@@ -10,6 +10,7 @@
 #include <unordered_set>
 #include "common/thread_worker.h"
 #include "video_core/custom_textures/material.h"
+#include "video_core/rasterizer_interface.h"
 
 namespace Core {
 class System;
@@ -43,7 +44,8 @@ public:
     void WriteConfig();
 
     /// Preloads all registered custom textures
-    void PreloadTextures();
+    void PreloadTextures(const std::atomic_bool& stop_run,
+                         const VideoCore::DiskResourceLoadCallback& callback);
 
     /// Saves the provided pixel data described by params to disk as png
     void DumpTexture(const SurfaceParams& params, u32 level, std::span<u8> data, u64 data_hash);
diff --git a/src/video_core/rasterizer_interface.h b/src/video_core/rasterizer_interface.h
index 42a6b4f9a..3109567ac 100644
--- a/src/video_core/rasterizer_interface.h
+++ b/src/video_core/rasterizer_interface.h
@@ -21,6 +21,7 @@ namespace VideoCore {
 
 enum class LoadCallbackStage {
     Prepare,
+    Preload,
     Decompile,
     Build,
     Complete,