The Premier League club reported pre-tax profits of £37m for the last financial year, compared to a £21m loss last year.
Lucrative media rights and the extension of the main stand at Anfield has led to Liverpool FC reporting a £37m profit for the last financial year.
The cubs saw media revenue increase by £30m to £154m with the first year of a three-season Premier League broadcast deal, and commercial revenue grew by £20m to £136m.
It was in this financial period that LFC also opened its expanded Main Stand which saw an increase in Anfield’s capacity to 54,074.
And despite not playing in Europe during this financial period, matchday revenue increased by £12m to £74m mainly as a result in the increased hospitality sales.
Following the continued cash investment in players and capital infrastructure, net bank debt increased by £22m to £67m which is sustainable given the overall growth of the club’s financial performance.
Andy Hughes, LFC’s chief operating officer, said: “With the full support of this ownership group, we have significantly improved the club’s financial position over the past seven years and these results further demonstrate our solid financial progress – despite the ever-rising costs in football.
“During the seven years, we have seen operating profits one year and losses in others, a situation which can be attributed, in the main, to player trading costs and the timing of payments. What is important is the underlying trend that has continued with the aim of strengthening our financial position with profits being reinvested back into the club and players, allowing this long-term stability to become a reality.
“In addition to the three-year Premier League TV deal, we have had a successful commercial year which included a new training kit partner in BetVictor, a record number of home shirts sold recognising the club’s 125th anniversary, and a successful first season with the opening of our expanded Main Stand.
Liverpool maintained ninth position in the Deloitte football money league despite the rising cost of football and not playing in a European competition during this financial year.
Since this reporting period, the club has continued its commercial progress and qualified for the UEFA Champions League.