FOR THE 11th straight year, Richmond has announced a financial profit.

Tigers president Peggy O'Neal announced an operating profit of $458,586 for the financial year ending 31 October.

After being $5 million in debt just five years ago, Richmond now has cash reserves in excess of $2 million.

O'Neal said the board had made it clear in recent years the club needed to clear debt and increase investment in football.

"In 2015, the club invested $8 million more in football than it did in 2010, and there has been a consistent trend over those five years," O'Neal said.

This year Richmond had home and away attendances in excess of one million people – number one in the AFL – and had record corporate and sponsorship revenue as well as record membership of more than 70,000.

After previously playing finals in 2001, the Tigers have made the top eight the past three years.

"While this is encouraging, I can assure members and fans that we continue to work diligently as a club to bring the ultimate prize back to Punt Road," O'Neal said.

"Our improved financial position allows us to consider mid-to-long term investment decisions to better insulate the club from any downturn in on-field performance."

One of the primary reasons for Richmond's resurgence in recent years has been coach Damien Hardwick, who is out of contract at the end of 2016.

Speaking on Melbourne radio station SEN on Monday afternoon, Tigers CEO Brendan Gale said there had been no talk of an early extension at this stage.

"It's not something we've thought long and hard about just yet," Gale said.

"We'll form a view as to how we'll approach that at first instance in the not too distant future.

"We've worked really hard over the last few years to provide a stable, a supportive, an accountable environment, and I believe in that sort of environment people tend to realise the potential.

"That's worked well for us so far."