Millennium Group Intl Holdings ltd. Financials
This page shows Millennium Group Intl Holdings ltd. (MGIH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Shrinking sales are no longer covering a largely fixed overhead base, turning a once cash-releasing downturn into sustained burn.
In FY2023, operating cash flow stayed positive at$8.1M even with a small net loss because receivables and inventory were being pulled down as demand weakened. More recently, that working-capital tailwind had largely run out, so the business showed the more natural pairing of a-$6.3M net loss with-$1.7M of operating cash burn.
Gross margin compression was real but not the main driver of the downturn; the bigger issue is that selling and administrative costs no longer fit the smaller revenue base. In the latest year, gross margin was still
Leverage looks comparatively contained, with debt to equity at 0.2x and the current ratio at 1.9x, so the balance sheet is not showing the same strain as the income statement. The pressure is on cash depletion: free cash flow stayed negative at
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Millennium Group Intl Holdings ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Millennium Group Intl Holdings ltd. scores 1.22, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($19.1M) relative to total liabilities ($11.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Millennium Group Intl Holdings ltd. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Millennium Group Intl Holdings ltd. generates $0.27 in operating cash flow (-$1.7M OCF vs -$6.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Millennium Group Intl Holdings ltd. earns $-17.0 in operating income for every $1 of interest expense (-$6.0M vs $354K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Millennium Group Intl Holdings ltd. generated $25.3M in revenue in fiscal year 2025. This represents a decrease of 34.2% from the prior year.
Millennium Group Intl Holdings ltd.'s EBITDA was -$5.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.9% from the prior year.
Millennium Group Intl Holdings ltd. reported -$6.3M in net income in fiscal year 2025. This represents an increase of 28.0% from the prior year.
Millennium Group Intl Holdings ltd. earned $-0.56 per diluted share (EPS) in fiscal year 2025. This represents an increase of 28.2% from the prior year.
Cash & Balance Sheet
Millennium Group Intl Holdings ltd. generated -$3.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 42.3% from the prior year.
Millennium Group Intl Holdings ltd. held $10.7M in cash against $6.1M in long-term debt as of fiscal year 2025.
Millennium Group Intl Holdings ltd. had 11M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Millennium Group Intl Holdings ltd.'s gross margin was 18.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the prior year.
Millennium Group Intl Holdings ltd.'s operating margin was -23.7% in fiscal year 2025, reflecting core business profitability. This is down 5.8 percentage points from the prior year.
Millennium Group Intl Holdings ltd.'s net profit margin was -24.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.2 percentage points from the prior year.
Millennium Group Intl Holdings ltd.'s ROE was -25.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.9 percentage points from the prior year.
Capital Allocation
Millennium Group Intl Holdings ltd. invested $2.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 14.9% from the prior year.
MGIH Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
MGIH Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Total Assets | $36.2M-16.9% | $43.6M-26.1% | $59.0M-10.6% | $66.0M |
| Current Assets | $20.8M-25.1% | $27.8M-37.5% | $44.5M-7.9% | $48.3M |
| Cash & Equivalents | $10.7M-19.9% | $13.3M-51.6% | $27.6M+46.3% | $18.8M |
| Inventory | $1.5M-58.6% | $3.7M-33.2% | $5.6M-43.4% | $9.8M |
| Accounts Receivable | $7.1M-25.0% | $9.5M-8.2% | $10.3M-42.9% | $18.1M |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $11.3M-10.0% | $12.6M-34.2% | $19.1M-26.2% | $25.9M |
| Current Liabilities | $11.1M-8.1% | $12.1M-36.4% | $19.1M-25.9% | $25.8M |
| Long-Term Debt | $6.1M+9.4% | $5.6M-58.4% | $13.4M-15.2% | $15.8M |
| Total Equity | $24.9M-19.8% | $31.0M-22.2% | $39.9M-0.4% | $40.1M |
| Retained Earnings | -$6.8M-1267.0% | -$498K-106.0% | $8.3M-4.3% | $8.6M |
MGIH Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
MGIH Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.87-0.4 | 2.29-0.0 | 2.33+0.5 | 1.87 |
| Debt-to-Equity | 0.25+0.1 | 0.18-0.2 | 0.34-0.1 | 0.39 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Millennium Group Intl Holdings ltd.'s annual revenue?
Millennium Group Intl Holdings ltd. (MGIH) reported $25.3M in total revenue for fiscal year 2025. This represents a -34.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Millennium Group Intl Holdings ltd.'s revenue growing?
Millennium Group Intl Holdings ltd. (MGIH) revenue declined by 34.2% year-over-year, from $38.5M to $25.3M in fiscal year 2025.
Is Millennium Group Intl Holdings ltd. profitable?
No, Millennium Group Intl Holdings ltd. (MGIH) reported a net income of -$6.3M in fiscal year 2025, with a net profit margin of -24.9%.
What is Millennium Group Intl Holdings ltd.'s EBITDA?
Millennium Group Intl Holdings ltd. (MGIH) had EBITDA of -$5.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Millennium Group Intl Holdings ltd. have?
As of fiscal year 2025, Millennium Group Intl Holdings ltd. (MGIH) had $10.7M in cash and equivalents against $6.1M in long-term debt.
What is Millennium Group Intl Holdings ltd.'s gross margin?
Millennium Group Intl Holdings ltd. (MGIH) had a gross margin of 18.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Millennium Group Intl Holdings ltd.'s operating margin?
Millennium Group Intl Holdings ltd. (MGIH) had an operating margin of -23.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Millennium Group Intl Holdings ltd.'s net profit margin?
Millennium Group Intl Holdings ltd. (MGIH) had a net profit margin of -24.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Millennium Group Intl Holdings ltd.'s return on equity (ROE)?
Millennium Group Intl Holdings ltd. (MGIH) has a return on equity of -25.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Millennium Group Intl Holdings ltd.'s free cash flow?
Millennium Group Intl Holdings ltd. (MGIH) generated -$3.7M in free cash flow during fiscal year 2025. This represents a 42.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Millennium Group Intl Holdings ltd.'s operating cash flow?
Millennium Group Intl Holdings ltd. (MGIH) generated -$1.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Millennium Group Intl Holdings ltd.'s total assets?
Millennium Group Intl Holdings ltd. (MGIH) had $36.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Millennium Group Intl Holdings ltd.'s capital expenditures?
Millennium Group Intl Holdings ltd. (MGIH) invested $2.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Millennium Group Intl Holdings ltd.'s current ratio?
Millennium Group Intl Holdings ltd. (MGIH) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.
What is Millennium Group Intl Holdings ltd.'s debt-to-equity ratio?
Millennium Group Intl Holdings ltd. (MGIH) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Millennium Group Intl Holdings ltd.'s return on assets (ROA)?
Millennium Group Intl Holdings ltd. (MGIH) had a return on assets of -17.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Millennium Group Intl Holdings ltd.'s cash runway?
Based on fiscal year 2025 data, Millennium Group Intl Holdings ltd. (MGIH) had $10.7M in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 75 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Millennium Group Intl Holdings ltd.'s Altman Z-Score?
Millennium Group Intl Holdings ltd. (MGIH) has an Altman Z-Score of 1.22, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Millennium Group Intl Holdings ltd.'s Piotroski F-Score?
Millennium Group Intl Holdings ltd. (MGIH) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Millennium Group Intl Holdings ltd.'s earnings high quality?
Millennium Group Intl Holdings ltd. (MGIH) has an earnings quality ratio of 0.27x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Millennium Group Intl Holdings ltd. cover its interest payments?
Millennium Group Intl Holdings ltd. (MGIH) has an interest coverage ratio of -17.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Millennium Group Intl Holdings ltd.?
Millennium Group Intl Holdings ltd. (MGIH) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.