BURTON Albion recorded a pre-tax profit of £500,316 to the year ending May 31, 2018.
The figures will be presented to shareholders at the AGM on March 18.
The club’s second season in the Championship saw turnover increase from £11,442,662 to £12,920,591 with commercial income and gate receipts both increasing.
Gate receipts rose from £1,553,706 to £1,834,204.
Commercial income increased from £9,888,956 to £11,086,387.
Profit was down from the previous year’s £1,344,038 as the club invested more money in the first team squad in order to give Burton Albion the best possible chance of retaining Championship status.
When the wages, loans and transfers in and out are all taken into consideration the club invested just over an extra £1 million in the first team squad compared with the previous financial year.
The club also continued to invest in staff and off the field activities with the average number of employers up from 318 to 393.
Chairman Ben Robinson said: “After we managed to stay in the Championship for a second season, we knew we would have to invest again in the first team squad to give us the best chance of punching above our weight and avoiding relegation.
“It was always a major challenge competing against massive clubs with much larger budgets who have average crowds many times more than ours. Football is not a level playing field.
“Whilst we did a have funds from player sales during the year, we spent in excess of £1million on new player registrations.
“In the end the club was only five minutes away from staying in the Championship despite an unforeseen pre-season injury which had a major impact on our prospects for the season.
“Despite relegation income from ticket revenue and commercial income remains strong and the club continues to develop commercial opportunities.
“I would like to thank everyone at the football club who worked long and hard over the course of the year and we continue to all look forward together and work in the best interests of Burton Albion’s long-term future.”