Maggie Beer Holdings Reports Mixed FY24 Results

Maggie Beer Holdings Ltd. (AU:MBH) has released an update.

Maggie Beer Holdings Ltd reported a modest 0.8% increase in net sales for FY24, with significant growth in Maggie Beer Products offset by a decrease in Paris Creek Farms sales. Despite this, the company faced a net loss after tax of $24.8 million, attributed to non-cash impairments and provisions. The company is debt-free, with a net cash position of $4.7 million, and is focusing on returning to profitability in FY25 through e-commerce enhancements, B2B strategy, and brand partnership development.

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