“After two very difficult trading years, we are slowly seeing some light moving forward which is encouraging for everyone connected to the club,” Jenkins said.
“While we have also cleared a substantial amount of aged debt, there is still a great deal of work to do to ensure the club achieves financial stability and sustainability for future generations of our supporters.
“Fixed costs remain extremely high for a League Two club and additional director loans have since been injected to ease cashflow.”
Newport recorded a loss of £913,306 for the year ending June 2023 and £1.231m for the previous 12 months.
The new figures covering the 2023-24 season will show income boosted by a successful FA Cup run, including the televised fourth round visit of Manchester United.
Overall turnover rose by almost a quarter from £3.463m to £4.588m, while matchday income and commercial revenue combined increased by 42% from £1.415m to £2.011m.
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