ST KILDA has reported an operating profit of almost $800,000 for the 2016-17 financial year.

Taking into account an $8.9m boost from grant funding for the club's return to its spiritual home in Moorabbin next year, the Saints finished $5.3m in the black.

The operating profit of $796,001 was calculated before grant funding, depreciation, amortisation and interest were taken into account.

Depreciation, which was higher than normal because of the club's move away from Seaford, was more than $4m.

For the year ending October 31, 2016, St Kilda's operating profit was $150,589.

Membership numbers improved by more than 4000 on the previous season, up to 42,094 in 2017.

"Over the past four years we have had a clear focus on developing a more robust business model and as a result have been able to increase the investment in our football program," CEO Matt Finnis told saints.com.au.

"Record membership numbers, attendance growth and the addition of several new commercial partners this year has created strong momentum that will only build in 2018 as the club returns to our spiritual home at RSEA Park (Moorabbin Reserve) and the new state-of-the-art facility currently under construction.

"With a new arrangement also to be in place at Etihad Stadium and the introduction of the Southern Saints in the VFL Women's Competition, we're excited by the opportunity to build further momentum both on and off the field."

The club's annual general meeting will be at 7pm on Wednesday, December 20, at the Kingston City Hall.