Overall profit was recorded at £1.4m following player amortisation which has seen Newcastle re-enter the world's top 20 revenue-generating clubs after increasing turnover to £93.3m – representing a 5.4% increase on last year.
A fifth-place finish in the league saw TV income swell by 14.6% with the squad set to benefit from an agreement on broadcasting for next year.
As a result of these initiatives the club saw a hugely significant increase in the number of season ticket holders and members.
Commercial revenue fell by 12.7%, though the latest figures do not include income from the club's new partnership deal with Wonga.
That partnership, which is effective from the 2013/14 season, represents a significant increase on the club's previous commercial agreements.
A key factor is an increase in the club's wage bill, which has risen by 20% to £64.1m following the signings of a number of key players, including Cabaye, Marveaux, Santon, Ba and Cisse.
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