THE WESTERN Bulldogs have recorded a financial profit for the second consecutive year as they continue to go from strength to strength both on and off the field.

The Bulldogs made a remarkable rise up the ladder in 2015 to play finals for the first time since 2010. The club also recorded a record membership tally of 36,122 this year.

The club announced on Friday that it had recorded a $388,000 profit for 2015.

"I would like to thank our loyal members, sponsors and corporate partners for their ongoing support in 2015," Bulldogs president Peter Gordon said in a club statement.

"I also want to sincerely thank our staff and our players. Their hard work and relentless dedication turned a year of considerable challenge into one which will long be remembered and which builds an unprecedented opportunity over the next several years.

"It's also worth pointing out that football club revenues over the past two years have increased by $7.3 million, of which only $1.1million has come from enhanced AFL competitive balance measures.

"The majority of our revenue growth has come from the club's main operating activities.

"We think this shows that competitive balance measures, far from making clubs complacent, can actually assist in generating organic growth in the business. Put another way, 72% of our revenue growth is due to the club's efforts and not the AFL's."

Gordon has been a vocal advocate for equalisation within the AFL.

The Bulldogs were able to invest $2.5 million into the football department in 2015, after spending $1.8 million in 2014.