Maggie Beer Holdings posts $24.3 million loss

Food and beverage company Maggie Beer Holdings has reported a $24.3 million statutory loss for the last financial year, though said its turnaround strategy has been implemented and the company is “well positioned for a positive first half in FY26”.

The results were shared with the ASX on Friday, with group sales up $2.7 million to $76.3 million for FY25 and an EBITDA loss of $1.4 million.

MBH’s two main business units saw “modest improvement” in sales. Hamper & Gifts sales grew 5 per cent and Maggie Beer Products were up 2 per cent, delivering a $2.8 million increase in revenue versus the previous financial year.

The company’s turnaround strategy included the sale of Paris Creek Farms – which eliminates over $2 million of trading losses “and cashflow drag to the Group in FY26” – as well as a cost-out program.

“We believe these necessary changes, which have been implemented in the last six months,  have the Group well positioned for a strong first half in FY26” said Chair Mark Lindh.

Lindh added that a “sharper strategic focus” was expected to return to the two core business units.

The $24.3 million loss included impairment relating to the sale of Paris Creek Farms of $10.1 million, goodwill impairment of HGA of $4.7 million and of MBP of $3.6 million, and non-recurring one-off restructuring and legal costs.   

“Our focus in FY26 is now very much on driving profitable growth, supported by investments made in the last year in our ecommerce platforms and underpinned by an ongoing cost-out programme that delivered $1.8 million in annualised savings in the second half of FY25 with an  additional $1.7 to $2.2 million budgeted for this financial year.”

Picture: credit Maggie Beer Holdings