Everton have recorded post-tax profits of £30 million in their annual accounts.
Turnover for the 2016/17 year came in at £171.3m, almost £50m more than the Blues’ previous record high in their previous Europa League run in 2014/15.
Most of that increase was accounted by the first year of a record-breaking new TV rights deal that is worth a collective £5billion for Premier League clubs.
A seventh-place finish also boosted Everton’s revenue share while the club also broke their average attendance record the first time in the current top flight era.
Over 39,000 fans attended league matches at Goodison Park last season – a rise of almost 1,000 on the previous record set two campaigns prior to it.
The only downturn came with gate receipts, which fell by £3.6m due to Everton’s commitment to affordable ticket prices coupled with early exits from competitions.
A record post-tax profit comes after a £24.3m loss in the previous season, when the Toffees parted company with Roberto Martinez and his coaching staff.
Staff costs rose by 25% for what Everton describe as ‘significant investment in the playing squad’ with several arrivals during Ronald Koeman’s debut campaign.
Majority shareholder Farhad Moshiri also increased his loan facility to the club from £105m to £150m without a fixed repayment date.
Robert Elstone, Everton’s CEO, said: “Our financial performance in 2016/17 breaks all records and highlights the progress made by the club in recent years.
“Whilst the Premier League’s incredible new TV deal has made the biggest contribution to our results, we have created waiting lists for season tickets, filled our lounges and grown our commercial income.
“As well as maintaining strong relationships with existing partners, the club’s first training ground naming rights partnership with USM Holdings and new partnerships with William Hill and Sure contributed to sponsorship and advertising revenue increasing by almost 66% to £15.4m from £9.3m.
“And we’re confident it is progress that will continue into 2017/18 with our highest ever sponsorship deal from SportPesa and our first sleeve partner, Angry Birds.”
Everton chairman Bill Kenwright added: “I have always said that I believe Farhad is exactly the right person to take our club forward.
“His ambition matches that of every Evertonian and both the financial investment and the time he has put into the club demonstrates that commitment.
“I’m especially pleased to see young faces filling Goodison Park every week and the ‘investment’ we are making in reduced gate receipts will undoubtedly pay dividends in the years ahead.
“Our first training ground partner, USM, a new European betting partner in William Hill, our first sleeve partner in Angry Birds and of course, our new main partner, SportPesa will underwrite future commercial income.”