The 2013/14 season was the first for manager Roberto Martinez, as well as the first year of a three-year television deal that saw Everton matches televised live more often.
The excitement around the team's new manager and a good product on the field resulted in a £19.3 million take at the turnstiles, up £1.9 million from the previous season.
The profit of £28.2 million is a familiar number to Evertonians, as £28 million was the price tag for striker Romelu Lukaku. Last year's sales of Marouane Fellaini and Nikica Jelavic, combined with the fifth-place Premier League finish and increases in sponsorship and merchandise profits, allowed Martinez to get out his checkbook in the 2014/15 preseason. That brought about the signing or resigning of players like Ross Barkley, Gareth Barry, Seamus Coleman, and Samuel Eto'o.
The club also announced that net debt is down over £15 million from the previous year.
This is great, but not unexpected, news for Everton supporters. With the club's recent run of positive results, fans will be hoping for a similarly encouraging report next year.