The entertainment solutions retailer originally filed for administration in January 2013.
But now, they've recorded operating profits of almost £17 million in the 11 months after it was rescued by restructuring firm Hilco in 2013.
According to reports set to be filed at Companies House, HMV posted operating profit of £16.7m on sales of £311.2m between January 29 and December 28 2013.
All of the chain - or those that are left - are back in profit, thanks to some wheeler-dealing as regards their debts and overheads, and negotiations with suppliers.
HMV paid out £10m in intercompany charges and £4m in on-off restructuring costs. It also paid £2.3m in interest on loans and working capital provided by Hilco.
After one-off costs, the retailer posted a pre-tax loss of £4.8m.
So that's good news then.