The publisher of literary greats including WH Auden and James Joyce saw its profits halve last year.
Faber made £1.2 million in the year ending March 2023, down from £2.4 million previously.
Administrative costs rose substantially because the independent publishing house moved offices.
‘Excellent’ year: Administrative costs rose substantially because Faber moved offices
But chief executive Mary Cannam said it had still been an ‘excellent’ year as sales hit £25.4 million – although this was lower than the record £28 million previously.
Faber’s bestselling titles this year have included the Pulitzer Prize-winning Demon Copperhead by Barbara Kingsolver and Booker-shortlisted Small Things Like These by Claire Keegan.
The company has also published works by the Nobel Prize-winning author Kazuo Ishiguro.
Faber was founded in 1929. Poet TS Eliot was an early editor and director at the group.
The company has given inflation-related pay rises to all staff to help with the cost of living crisis.
