The company encompasses Avalon Waterways, which is mainly river cruising, plus Cosmos Tours & Cruises, and Archers Holidays, the direct-sell operator.
The group made £452,000 before tax in the year to October 31, compared with a loss of £195,000 in the same period in 2014.
Taxation left Cosmos with a final profit figure of £365,000 on a slightly reduced turnover of £43.4 million.
The group said that while turnover decreased 5%, gross profit percentage had increased to more than 14% and costs had reduced by 2%.
Cash balances also increased from £5.1 million the previous year to £7.7 million.
