have reported increased turnover and a more positive financial picture as they prepare for a big summer of cricket in Birmingham.
Announcing their financial results for the year to October 2014, the club said revenue had risen from £11.7 million to £12.5 million and EBITDA (earnings before interest, tax, depreciation and amortisation) increased from £1.43 million to £1.66 million.
The club remain in the red though but have reported reduced losses, with a 2012/13 pre-tax loss of £2.37 million falling to a loss of £1.21 million this year. The overall loss for the year dropped from £2.4 million to £1.5 million.
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Among the big matches coming to Birmingham this summer are the One Day International between England and New Zealand in June and while the recent award of prestigious matches further into the future have sparked
The club's operating profit increased, from £5,000 to £230,000, but they were hit by a net depreciation charge of £1.4 million related to the stadium redevelopment which opened in 2011.
Chief executive Colin Povey said today: "The club continued to make solid progress in 2014 both on and off the field.
"Our strategic plan contains some ambitious targets but we are increasingly demonstrating the value of redeveloping the stadium and broadening our business model.
"At the end of 2014, we from the International Cricket Council and England & Wales Cricket Board covering the period from 2017 to 2019.
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"This will further underpin our business plan, particularly as we anticipate further Major Match awards in the spring."
Among the Major Matches awarded to Edgbaston are the England v Pakistan Test in 2016, England v West Indies Test in 2017 and five ICC World Cup matches in 2019.
Finance director Craig Flindall added: "2014 was a good financial year for the club with most of our financial measurements showing improvement on the previous year.
"EBITDA in particular, was the highest reported since 2009, which was a year that included a lucrative Ashes Test Match.
"It is also pleasing to note the 34 per cent and 39 per cent increases in domestic t20 ticket sales and commercial partner revenues respectively, reflecting the club's investment in its commercial operations over the last three years."