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Williams have posted a profit for the first part of 2016.
The British team, who had struggled to match the financial firepower of the big teams in the latter part of the 2000s and early 2010s, only returned to profitability after losing money in order to make an improvement competition-wise.
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That paid off and the team finished third in each of the last two seasons, bringing in substantial prize money.
Now the team had posted a pre-tax profit of £4.1 million. At this point last year, the team's profit was £1.6 million.
Overall, team profits are down this year, with the teams collectively making £51.3million this year as opposed to £51.4million over the first half of 2015.
An improvement of fortunes for Williams' Advanced Engineering subsidiary has helped Williams, with its revenue almost doubling in a year, an an increase in profits of £3.4 million also being posted.
All of this has allowed Williams Grand Prix Holdings PLC, the parent company of both the Formula One team and the Advanced Engineering offshoot, to register a re-tax profit of £7.8million in the first six months of 2016 after posting losses over the same period for the previous two years.
However, the team will likely not produce the same figures next year, with the team slipping from third in the standings to be in an intense battle for fourth with Force India, and radically new regulations on the horizon for 2017 which the team will have to prepare for.
"The evolving Formula One regulations dictate a significant change in car design for the 2017 season, which we embrace enthusiastically as an opportunity to make a step forward in our track performance," said Williams Group CEO Mike O'Driscoll.
"There are headwinds that we must face in the second half of 2016 and into 2017, notably the increased costs that are incurred during a period of regulatory change in the sport, and predicted uncertainty in many world economies, and this will impact our near term results," he added.
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