Maggie Beer Holdings was back in the black on Friday after reporting a net profit of $398,000.
The result for the six months ended December was a stunning turnaround from the previous corresponding period, when it made a loss of more than $4 million.
Chair Mark Lindh said the group had taken more than $2 million in costs out of the business, renewed its board and completed a shareholder placement to improve its cashflow.
"Pleasingly, some of the most iconic Maggie Beer products have continued to deliver significant improvement in ... in-store sales and through a burgeoning export channel," he said in a statement.
Its Hampers and Gifts Australia arm - which is the biggest segment - had a difficult half in the run-up to Christmas, after losing website traffic due to technology changes and speed issues.
The company, of which Ms Beer is a director with a holding of two per cent, increased its advertising to offset that loss and was "partly successful" but still faced competition headwinds.
"The second quarter, from October to December 2025, was difficult to negotiate due to the Black Friday and Cyber Monday sales cycles running over an extended period," it said.
Hamper goods sales fell 4.8 per cent to $34.1 million, along with gross margins, leading to a 36 per cent fall in division underlying earnings - before interest, tax, depreciation and amortisation - to $3.1 million.
The company revealed earlier in February it had received "a number" of unsolicited and non-binding offers for the business, which it was "evaluating as part of a wider review".
The review is considering potential alliances, mergers or a change in ownership.
"The company expects to be able to update the market and shareholders on or prior to its full year results ... as to the outcome of the view," it said.
The Maggie Beer Products arm lifted net sales by five per cent to $18.8 million, driven by products such as cheeses and stocks.
Sales of the iconic Maggie Beer Verjuice rose more than 52 per cent, mainly due to higher exports.
"Increasing export sales in key markets where the Maggie Beer name has strong brand equity will continue to be a key focus of the team in the second half," the company said.
Underlying earnings for the products division fell 63 per cent to $404,000.
The company believes it's "well placed" ahead of its full-year results announcement on August 27.
In 2024/25, it reported a statutory net loss of $24.3 million.
Maggie Beer Holdings shares were trading flat at 8.1 cents, in very low volume, in the morning session.
Ms Beer established the Maggie Beer Foundation in 2014 to improve food for older Australians, particularly those living within aged care homes.
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