Tainui is predicting a $10 million cash operating surplus for the current financial year, just two years after being almost bankrupt.
Executive chairman Kingi Porima attributed the strong financial position to the tribe's restructuring, which was continuing.
More than $650,000 is to be distributed to the tribe's beneficiaries before the end of
this year.
Marae grants totalling $500,000 have already been approved for distribution over the next few months.
A further $150,000 is to go towards educational grants.
"The tribe is very much on track and we are confident the problems of the past are behind us," Mr Porima said in a statement today.
Tainui pulled itself back from the brink of bankruptcy in 2000, after it recorded a $42.4m loss, made up mostly of write-downs in the value of many key tribal assets.
The major contributor to the loss was a $7.1m write-off of three Australian property deals.
The Australian deals led Tainui to the point of being unable to meet payments on loans secured against a host of tribal properties in Waikato.
Tainui now has assets of $182m and liabilities of $15m, down from $40m.
Mr Porima said a new services manager for Waikato Ruapatu Lands Trust was being considered after the resignation of David Gray. The executive committee would take over the role until a replacement was found.
Mr Gray quit after just four months in the job, claiming "vastly differing" views with the board on the proper governance of the organisation.
He said today there were "some fundamental problems at the highest levels" within the tribe.
"There is a tension between the parliament (Te Kauhanganui) and the monarchy that is going to continue to tear the heart out of the tribe," he said.
"It is unfortunate but that is the case."
There was no desire within the board to sort out the issue, he said.
Mr Gray said it had become impossible for him to do his job and protecting his own integrity had become more important than trying to help Tainui.
- NZPA
