The Welsh Rugby Union group has announced an after tax profit of £1 million for the last financial year.
Its annual report, published this week, also reveals record funding levels for the game at £17m– up 1.8m from last year.
£12.1m was allocated to the four Regional clubs which was up from £11.4m the previous year.
The community game received £3.8m which was an increase of £1.0m over the prior year.
The WRU emerged from the year with a group turnover of £49.4m which was down £0.9m on the previous year.
The level of funding delivered directly to rugby was achieved because the WRU ended the financial year recording with a profit before interest, tax, depreciation, exceptional items and funding allocations of £24.5m which was an increase of 4% or £0.9m on the previous year.
As a result of the refinancing undertaken in May 2008, interest costs reduced from £2.8m to £2.5m
The final pre-tax profit stood at £1.7m with a post tax amount of £1m.
The overall bank debt of the WRU was reduced by £2.1m and now stands at £39.7m.
WRU chief executive Roger Lewis said: “It’s been a very positive year in what has undoubtedly been one of the most economically turbulent periods of recent times.
“What has driven such a success has been the hard work and planning which we have carried out over the past three years aimed at creating sustainability for the business both on and off the field.
“It is a tribute to everyone at the WRU and the Millennium Stadium for delivering these results to assist and encourage the tremendous amount of work done by everyone involved in the wider game across Wales.
“Like any business we have to be driven by the content we produce and underpinning these Annual Report figures is the fact that Welsh rugby is now enjoying rude health.”