Despite showing no signs of slowing down in the Premier League, the former Spanish global only has two more seasons left on his contract at the Etihad, and admits he isn't sure of what his next move will be, despite the constant links with a return to his hometown club, Las Palmas.
The latest results mark the Abu Dhabi-owned club's fourth consecutive year of profitability.
The club's wage bill has risen from £243.8 million to £259.4 million over the last 12 months.
Reflecting that making a profit four years in a row "may well have been rejected as fanciful by some commentators" years ago, Mubarak said: "We have not diverted in any way from our strategy for on-field success within a commercially and financially sustainable organisation".
In a statement setting out the main elements of City's 10-year transformation under the Abu Dhabi ownership - including Guardiola and his team, six clubs around the world, an extensive youth development system and investment in east Manchester - the chairman, Khaldoon al-Mubarak, highlighted the club's financial stability.
"Our aim is obviously to build on the achievements of the a year ago". Our journey is not complete and we have more targets to fulfil. And stating that "We will always strive for more. There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the ten seasons that came before".
On the pitch they are also thriving with former Barcelona coach Pep Guardiola having taken City to the title last season with 100 points - the first club to achieve that total. The combined revenue for the top 20 highest-earning clubs rose by 6 per cent to a record €7.9bn in the 2016/17 season.