Glamorgan County Cricket Club has announced a retained loss of £717,149 for 2013.
The figure is just under £100,000 less than the losses suffered in 2012.
Income for 2013, when the county reached the final of the YB40 at Lord's, rose by £614,312 since 2012 to just over £7m.
However, costs also increased by £581,727 to more than £7.3m in the same period.
Glamorgan have a new chief executive and director of cricket Hugh Morris and new head coach Toby Radford.
They play their first pre-season friendly on 19 March away to Gloucestershire, with the new season formally getting underway against Cardiff MCCU at the Swalec Stadium on 1 April.
The club's Annual General Meeting will take place at the Swalec Stadium on 31 March.