The Winnipeg Blue Bombers may not have made the playoffs last season but they we re a success off the field.

The Blue Bombers released its 2014 Annual Report on Wednesday and announced a profit of $3.9 million – an increase of $1 million over 2013.

The results were due to revenue growth of 10.7 per cent, as almost all of the team's significant revenue streams had positive increases in 2014, including double digit growth in corporate partnerships, suites, and concessions.  Season ticket revenue and game day tickets, which make up total game revenue, continue to be the team's major revenue source at 37 per cent of total operating revenue.

"It is a testament to our season ticket Members, corporate partners and our fans that we continue to make strong gains each year in the financial health of our organization. Our 2014 financials are proof of that unwavering community support," said Blue Bomber President and CEO, Wade Miller.

The increase in operating expenses relates to the focus on football operations where there was an increase of $735,000, due primarily to the new five year collective bargaining agreement with an increased salary cap, along with an increased emphasis on scouting and recruiting.

In December, the Blue Bombers made its first scheduled payment of $4.5 million to Triple B Stadium Inc., as a first payment on Investors Group Field.

"From the first day I began as CEO, it's been a one of our top priorities of WFC Board and myself to always meet our financial obligations as a Football Club. We are pleased to have made our first scheduled payment to Triple B Stadium Inc.," said Miller.