The American tycoon, who completed his multi-million pound takeover of the Barclays Premier League club in April 2011, addressed the club's annual general meeting on Thursday morning with Arsene Wenger's side currently top of the Barclays Premier League on the back of smashing their transfer record with the £43million signing of Mesut Ozil.
Arsenal are now starting to see the commercial benefits of their move to the 60,000-seater ground at Ashburton Grove, with new revenue streams coming into force which has allowed them to once again move for the leading players.
Kroenke moved to reassure shareholders that ending a trophyless run which now stretches back to the 2005 FA Cup was the board's ultimate goal.
"We are pleased with the progress of the club and that is made up of a lot of things, most importantly on the pitch," Kroenke said.
"None of us up here (on the board), fans, players, or (manager) Arsene (Wenger) are happy until we have won championships and trophies, we have said that over and over again and are committed to that.
"Also, when you try to build towards that, it is very important for the club to be successful commercially, and we are very pleased with the progress we have made in that area.
"We have come a long way, with the debts of the club are being paid down, the commercial revenues are increasing in a nice way.
"We have more (deals) coming and are confident.
"However, nothing works unless we have success on the pitch."
New chairman Sir Chips Keswick had opened the AGM, and paid tribute to his predecessor Sir Peter Hill-Wood, who retired earlier this year because of ill health.
With fortunes on the pitch much improved, the atmosphere was much less tense than in previous seasons.
Pre-submitted questions from shareholders were read out by Keswick, rather than given by the individuals themselves at the microphone as had been the format before.
One of those was concerned whether Kroenke would be looking to take a dividend from his majority shareholding.
"Mr Kroenke told you last year he has never taken a dividend out of any of his sporting organisations that he owns and nothing in his policy has or is changing," Keswick said.
"In terms of the second question and I am sorry to have to say this but it is true, we have no current plans to pay dividends."
Keswick also maintained it would be "invidious" to make any comment on the relationship with Uzbek-billionaire Alisher Usmanov, whose Red & White Holdings company are now the second largest shareholders, but not involved on the board.
Chief executive Ivan Gazidis, meanwhile, looked to lighten the mood when he made a joke at the expense of north-London rivals Tottenham following a question over the promotion of NBC's Premier League coverage in the United States.
"It is a tremendous development for the Premier League that NBC is involved as heavily as it is and promoting the Premier League in the way that it is," said Gazidis, who was the former deputy commissioner of the Major Soccer League.
"It is also true that there are Gareth Bale posters plastered all over Times Square - unfortunately he doesn't play for Tottenham Hotspur (any more), he now plays for one of our rivals."
Earlier, some fans had staged a small protest outside the stadium entrance.
The Black Scarf Movement carried a banner reading 'Kick greed out of football - where has our Arsenal gone?' and handed out leaflets highlighting the differences between the running of Arsenal and European champions Bayern Munich, plus copies of a letter sent to Kroenke in September calling for direct meetings with the American tycoon.
An announcement was made on Thursday afternoon confirming that Red & White Securities Limited, which is jointly owned by Farhad Moshiri, now "holds a stake of over 30 per cent in Arsenal Holdings plc".
KSE UK Inc, which is wholly owned by Kroenke, is the parent company's majority shareholder with some 66.83 per cent.