Swansea's promotion to the Premier League has come at a cost after the club revealed a loss of £8.2m for the last financial year.
The South Welsh side won promotion from the Championship when they beat Reading in the play-off final but bonuses arising from that moment of glory contributed heavily to the finding in the latest set of accounts ending May 31, 2011.
A club statement cites rewards paid to players and management as a result of their success, as well as having to cede their share of the Wembley gate receipts to Reading under Football League rules for the heavy losses.
However, the Swansea board are confident that increased profit from their first Premier League campaign will paint a better picture next time.
A club statement said: "The accounts for the current financial year ending May 31, 2012, will be adversely affected by an increase in operating costs, particularly payroll, but our resolve is to realise sufficient profit to counter the 2010-11 loss, and our operating budgets are structured to make this happen.
"With regard to the future, our immediate goal is to consolidate our position in the Premier League and ensure we survive this season.
"Our long-term goal will cater for Swansea City remaining as a top-flight club and to continue to contribute in part to the feel good factor and prosperity in the local community.
"We will not, however, do this in any way that puts the club's financial stability at risk. This remains paramount in our management philosophy."
Swansea had made a profit of around £600,000 in the previous financial year.