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Visual24 Oct 2025
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Millennium Group International (MGIH) investor relations material
Millennium Group International H1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2024 earnings summary22 Jun, 2025
Executive summary
Revenue for the six months ended December 31, 2024, declined 40.6% year-over-year to $14.1 million, reflecting lower sales volumes amid macroeconomic pressures.
Net loss widened to $3.1 million from $0.9 million in the prior-year period, with EPS at -$0.27 versus -$0.08.
Gross profit margin decreased to 20.2% from 26.0% year-over-year, driven by lower volumes and margin pressure in core product lines.
Strategic expansion into Vietnam and Indonesia is progressing, with new factories expected to enhance efficiency and market access.
Financial highlights
Revenues fell to $14.1 million from $23.8 million year-over-year, mainly due to a 54.6% drop in sales volume despite a 30.9% increase in average selling price.
Gross profit dropped to $2.85 million from $6.19 million, with margin down to 20.2%.
Net loss increased to $3.1 million from $0.9 million; basic and diluted loss per share was $0.27 compared to $0.08.
Cash and cash equivalents were $11.2 million as of December 31, 2024, down 16.1% from June 30, 2024.
Outlook and guidance
Management remains focused on cost optimization, operational efficiency, and customer diversification to counter ongoing market uncertainty.
Expansion into Southeast Asia and the U.S. is expected to drive future growth and market share.
Corrugated packaging margin decline drivers?
Expected impact of Vietnam/Indonesia expansion?
Clarify customer diversification strategy.
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Frequently asked questions
Millennium Group International Holdings Limited (MGIH) is a company that specializes in providing paper-based packaging solutions. The company’s offerings include a variety of products such as cardboard boxes, gift boxes, displays, corrugated outer cartons, manuals, and user guides. These products serve diverse industries, including footwear, sportswear, cookware, kitchenware, electronics, food and beverage, and logistics. In addition to its packaging products, the company also provides supply chain management solutions. The company is headquartered in Hong Kong, and its shares are listed on the NASDAQ.
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