The Brumbies announced a $200,000 profit at the club's annual general meeting on Wednesday night.

It comes as club officials renegotiate a long-term deal with the University of Canberra to house Brumbies headquarters in an effort to secure cash flow in the coming years.

The Brumbies initially paid 30 years of rent upfront to the university, planning to co-exist and share facilities until at least 2043.

But the terms of the deal have been altered as the university agrees to give some of that money bank to give the Brumbies some financial security, with the Super Rugby Pacific club indicating they will negotiate a 15-year lease.

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Turning a profit is a major boost for the club as Rugby Australia prepares to slash funding for its five Super Rugby clubs by 30 per cent.

"We've never been an organisation that can put away money or we've got assets. We've survived from year to year, but we've survived for 25 years year to year," Brumbies chief executive Phil Thomson said.

"When you take out a big chunk of your funding like that, it then puts an extreme pressure on the organisation. In a business our size, when you take $1.6 million to $1.7 million out of it, that creates a massive challenge for us. That's going to be the challenge for us.

"Turning a $200,000 profit was a good effort by the whole organisation, a lot of hard work and diligence to get to that number with another challenging year. We projected a modest profit, but with the way some things fell, we were able to get to $200,000. It was a good result."

Thomson says the coming years will be a major challenge on the financial front but "we know what has got to be done" to secure the club's future.

"The hard thing when you're talking about RA and the position they're in, financially they've had to reduce funding for all the Super Rugby teams by 30 per cent," Brumbies chairman Matt Nobbs said.

"It puts us on the backfoot right from the word 'go'. We've got to make up that [1.6 million]. That's a result of the broadcast deal, because it was a lesser dollar than what they had previously."

Nobbs is poised to stay on as Brumbies chairman after the club amended its constitution to allow for a two-year extension in special circumstances.

His six-year stint was to end at Wednesday's AGM but his retention provides the club with crucial stability after Thomson re-signed as chief executive until the end of 2024.

"We just thought after the impact of COVID and where we're at financially, there are a lot of boxes we haven't quite ticked that are almost over the line," Nobbs said.

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