Arsenal have announced half-yearly profits of £17.8million for the six months up to the end of November last year.
The profit figures, largely funded by the sale of Robin van Persie to Manchester United, accompany an increased figure of £123.3m in cash reserves, which are up £7m.
The club's financial report states: "The club has no short-term debt and continues to have a robust financial platform.
"The figures show a profit before tax of £17.8 million. This was driven primarily by player sales of £42.5 million.