Millennium Group International Holdings Limited (MGIH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Oct 28, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGIH SEC filings page.
Millennium Group International Holdings Limited (MGIH) reported $25.3M in revenue for fiscal year 2025, down 34.2% from the prior fiscal year. This page shows its 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).
Millennium’s shrinking revenue base amplifies overhead, while capital spending keeps free cash flow below operating cash flow.
Net loss narrowed to-$6.3M from-$8.8M in FY2024, but operations still did not produce positive cash, so the accounting recovery has not become cash generation. Free cash flow was-$3.7M after$2.0M of capital spending, showing that reinvestment compounded an already negative operating cash position.
Revenue fell to
Debt-to-equity was 0.2x and the current ratio was 1.9x in FY2025, so the balance-sheet strain is not primarily a high-leverage story. The reported liquidity comparison stood at 74.6 months of the latest annual operating outflow, separating available resources from current operating performance.
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 International Holdings Limited'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 International Holdings Limited held $10.7M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $1.7M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Millennium Group International Holdings Limited scores 72/100 among other emerging companies.
Millennium Group International Holdings Limited had 11M shares outstanding at the end of fiscal year 2025, against 11M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Millennium Group International Holdings Limited scores 74/100 among other emerging companies.
Not available for Millennium Group International Holdings Limited, and counted as zero in the overall score.
Millennium Group International Holdings Limited reported revenue of $25.3M in fiscal year 2025, against $38.5M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Millennium Group International Holdings Limited scores 15/100 among other emerging companies.
Not available for Millennium Group International Holdings Limited, and counted as zero in the overall score.
Millennium Group International Holdings Limited's cash, cash equivalents and investments came to $10.7M at the end of fiscal year 2025, against $11.3M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Millennium Group International Holdings Limited scores 57/100 among other emerging companies.
Millennium Group International Holdings Limited scores 1.12, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($17.2M) 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 International Holdings Limited 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.
Millennium Group International Holdings Limited reported a net loss of $6.3M while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Millennium Group International Holdings Limited reported an operating loss of $6.0M against $354K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Millennium Group International Holdings Limited held $10.7M in cash against $6.1M in long-term debt as of Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
MGIH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
MGIH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K |
|---|---|---|---|---|
| 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 |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| 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 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| 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 |
| Non-Current Liabilities | $187K-59.0% | $457K+1102.7% | $38K-74.1% | $147K |
| 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 |
Not reported in any period shown, so not listed: Goodwill.
MGIH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
MGIH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Millennium Group International Holdings Limited MGIH | FY2025 | $25.3M | -$6.3M | -24.9% | $17.2M | 36/100 |
| Yunhong Green CTI Ltd. YHGJ | FY2025 | $19.7M | -$2.5M | -12.8% | $6.9M | 43/100 |
| DSS, Inc. DSS | FY2025 | $20.8M | -$23.9M | N/A | $7.8M | 37/100 |
| Eightco Holdings Inc. OCTO | FY2025 | $33.0M | -$262.0M | N/A | $73.4M | 6/100 |
| Ranpak Holdings Corp. PACK | FY2025 | $395.0M | -$38.3M | -9.7% | $341.3M | 33/100 |
| Trimas Corporation TRS | FY2025 | $645.7M | $120.1M | 18.6% | $1.4B | 44/100 |
Where Millennium Group International Holdings Limited Ranks
Frequently Asked Questions
What is Millennium Group International Holdings Limited's annual revenue?
Millennium Group International Holdings Limited (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 International Holdings Limited's revenue growing?
Millennium Group International Holdings Limited (MGIH) revenue declined by 34.2% year-over-year, from $38.5M to $25.3M in fiscal year 2025.
Is Millennium Group International Holdings Limited profitable?
No, Millennium Group International Holdings Limited (MGIH) reported a net income of -$6.3M in fiscal year 2025, with a net profit margin of -24.9%.
What is Millennium Group International Holdings Limited's EBITDA?
Millennium Group International Holdings Limited (MGIH) had EBITDA of -$5.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Millennium Group International Holdings Limited have?
As of fiscal year 2025, Millennium Group International Holdings Limited (MGIH) had $10.7M in cash and equivalents against $6.1M in long-term debt.
What is Millennium Group International Holdings Limited's gross margin?
Millennium Group International Holdings Limited (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 International Holdings Limited's operating margin?
Millennium Group International Holdings Limited (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 International Holdings Limited's net profit margin?
Millennium Group International Holdings Limited (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 International Holdings Limited's return on equity (ROE)?
Millennium Group International Holdings Limited (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 International Holdings Limited's free cash flow?
Millennium Group International Holdings Limited (MGIH) recorded an outflow of $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 International Holdings Limited's operating cash flow?
Millennium Group International Holdings Limited (MGIH) recorded an outflow of $1.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Millennium Group International Holdings Limited's total assets?
Millennium Group International Holdings Limited (MGIH) had $36.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Millennium Group International Holdings Limited's capital expenditures?
Millennium Group International Holdings Limited (MGIH) invested $2.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Millennium Group International Holdings Limited's current ratio?
Millennium Group International Holdings Limited (MGIH) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.
What is Millennium Group International Holdings Limited's debt-to-equity ratio?
Millennium Group International Holdings Limited (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 International Holdings Limited's return on assets (ROA)?
Millennium Group International Holdings Limited (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 International Holdings Limited's P/E ratio?
Millennium Group International Holdings Limited (MGIH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $17.2M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Millennium Group International Holdings Limited's price-to-sales ratio?
Millennium Group International Holdings Limited (MGIH) trades at 0.7x sales, its market capitalization divided by revenue of $25.3M revenue, FY2025. The market capitalization is $17.2M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Millennium Group International Holdings Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Millennium Group International Holdings Limited (MGIH) held $10.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $1.7M over that year. Dividing the one by the other, the reported balance equals about 75 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Millennium Group International Holdings Limited's Altman Z-Score?
Millennium Group International Holdings Limited (MGIH) has an Altman Z-Score of 1.12, 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 International Holdings Limited's Piotroski F-Score?
Millennium Group International Holdings Limited (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 International Holdings Limited's earnings high quality?
Millennium Group International Holdings Limited (MGIH) reported a net loss of $6.3M while operations used $1.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 International Holdings Limited cover its interest payments?
Millennium Group International Holdings Limited (MGIH) reported an operating loss of $6.0M against $354K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 International Holdings Limited?
Millennium Group International Holdings Limited (MGIH) scores 36 out of 100 on our Financial Health Score, indicating weak 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.