ST KILDA has finished in the black for the first time since 2010, announcing a $1,107,311 profit for the financial year.

Included in that figure was grant money for the upgraded facilities at Moorabbin and increased depreciation of the Seaford training base, which was elevated because of the expected return to the club's spiritual home.

The last time the Saints had a positive result, they made two Grand Finals in a season, after the first was drawn against Collingwood.

This year saw the club double its win tally (compared to 2015), helping achieve the largest growth in membership tally of any club. An additional 7,500 were signed up, bringing the final number to 38,101.

"Financially, the 2016 results can be seen as steady progress as we continue to grow our business on and off-field," president Peter Summers said.

"We are realistic about our financial position, are managing our costs effectively and have a focus to continue to build our revenue streams.

"Our operating profit of $150,589 was a decrease on our 2015 result largely due to our continued investment in the football program, which increased by $1.12m in 2016.

"This was identified by the board and management as an area for investment and growth and as a result we have increased spending by $0.67m in players and $0.45m in coaching and high performance."

St Kilda's annual general meeting will be held on Thursday, December 20, from 7pm at the Kingston Town Hall.