Merseyrail returned to the black and its turnover rose in 2021 as it entered a "recovery phase" following the impact of the Covid-19 pandemic.
The company has posted a pre-tax profit of £2.7m for the 12 months to January 8, 2022, after it fell to a loss of £2.5m during the prior year.
Its turnover also grew from £150m to £163m over the same period.