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MGIH

Millennium Group International Holdings Limited

MGIH

Millennium Group International Holdings Limited • NASDAQ
$1.35 ▲ 1.50% (+0.02)
Market Cap $15.19 M
52w High $6.83
52w Low $1.11
Dividend Yield 0%
P/E -2.41
Volume 4.25K
Outstanding Shares 11.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $14.147M ▼ $5.633M ▼ $-3.091M ▲ -21.849% ▲ $-0.27 ▲ $-2.293M ▲
Q4-2024 $14.72M ▼ $8.612M ▲ $-7.878M ▼ -53.516% ▼ $-0.7 ▼ $-6.323M ▼
Q2-2024 $23.811M ▲ $6.621M ▲ $-892.461K ▲ -3.748% ▲ $-0.079 ▲ $117.833K ▲
Q4-2023 $19.27M ▼ $4.824M ▼ $-1.322M ▼ -6.859% ▼ $-0.12 ▼ $-280.94K ▼
Q2-2023 $26.329M $5.323M $967.624K 3.675% $0.039 $2.236M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $11.203M ▼ $39.155M ▼ $11.232M ▼ $27.923M ▼
Q4-2024 $13.347M ▼ $43.637M ▼ $12.591M ▼ $31.046M ▼
Q2-2024 $23.446M ▼ $60.184M ▲ $20.351M ▲ $39.833M ▼
Q4-2023 $27.577M ▲ $59.043M ▼ $19.124M ▼ $39.919M ▼
Q2-2023 $26.321M $61.571M $21.515M $40.056M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-3.091M ▲ $-437.376K ▲ $-839.442K ▲ $-843.996K ▲ $-2.144M ▲ $-1.567M ▲
Q4-2024 $-7.878M ▼ $-826.498K ▲ $-2.309M ▼ $-6.686M ▼ $-10.1M ▼ $-3.185M ▲
Q2-2024 $-892.461K ▲ $-3.28M ▼ $65.231K ▲ $-1.174M ▼ $-4.13M ▼ $-3.316M ▼
Q4-2023 $-1.322M ▼ $-1.727M ▼ $-47.034K ▲ $4.151M ▲ $1.256M ▼ $-1.774M ▼
Q2-2023 $967.624K $9.837M $-169.485K $-2.352M $6.874M $9.667M

Five-Year Company Overview

Income Statement

Income Statement The company’s sales are small and have edged down over the past few years, suggesting some pressure on growth or customer demand. Profitability has weakened: what used to be a modest operating profit has slipped into a small operating loss, and earnings per share swung from mildly positive to clearly negative in the latest year. That shift points to a business that is currently struggling to cover its fixed costs, with little margin for error if conditions soften further.

Balance Sheet

Balance Sheet The balance sheet is lean, with a relatively small asset base and only modest debt. Cash levels have come down from earlier years, which slightly reduces the financial cushion. Equity remains positive but has also drifted lower, reflecting recent losses. Overall, the company does not appear heavily leveraged, but it also does not have a lot of excess resources to absorb prolonged weakness without making adjustments.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been roughly breakeven over the period, oscillating between small inflows and flat results. Free cash flow recently turned slightly negative, likely due to working capital needs or early-stage investments rather than large capital projects. This pattern suggests the business is not yet producing strong surplus cash and may need to manage liquidity carefully as it pursues expansion.

Competitive Edge

Competitive Edge Millennium Group operates in a competitive, often low‑margin packaging industry, but it differentiates itself with a one‑stop, full‑service model that runs from design to delivery. Its long operating history and family ownership have helped it build deep relationships with customers and suppliers. The growing production footprint across Hong Kong, mainland China, and now Vietnam (with Indonesia planned) gives it a regional cost and logistics advantage, especially for global brands manufacturing in Asia. However, the company’s small size and the cyclical nature of its end‑markets mean its position is more niche than dominant.

Innovation and R&D

Innovation and R&D The firm is leaning into sustainable and smart manufacturing as key themes. Its new Vietnamese facility is equipped with systems to monitor energy and water use in real time, aiming to improve efficiency and reduce environmental impact, and it has previously been recognized for carbon reduction efforts. It focuses on high‑quality printing and customized, design‑heavy packaging for sectors like consumer goods, beauty, electronics, and toys. That said, disclosures on specific R&D projects, proprietary technologies, and measurable performance gains are limited, so it is hard to judge how far these initiatives truly set it apart from peers.

Summary

Millennium Group is a long‑established, niche packaging provider that is trying to reposition itself through regional expansion and sustainability‑focused manufacturing. Financially, it is in a transition phase: revenues are soft, profitability has slipped into loss‑making territory, and cash flows are only marginally supportive, leaving little room for prolonged missteps. The balance sheet is not overburdened with debt, but cash has thinned, which raises the importance of disciplined execution. Strategically, its integrated service model, Asian footprint, and sustainability angle are clear strengths, while limited scale, thin margins, and execution risk around new facilities are key watchpoints going forward.