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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Millennium Group International
Millennium Group International (MGIH) investor relations material
Millennium Group International H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary29 Oct, 2026
Executive summary
FY2026 revenue fell 19.7% YoY to $20.34M; gross profit declined to $1.64M and gross margin to 8.1%; net loss widened to $7.09M from $6.32M.
Operations span paper-based packaging products, corrugated products and packaging supply-chain services; Vietnam manufacturing began in July 2025.
Financial highlights
Revenue was $20.34M, down $4.99M YoY; cost of revenue fell 9.4% to $18.70M, slower than the 19.7% revenue decline.
Gross profit was $1.64M, down 65.0% YoY; gross margin contracted to 8.1% from 18.5%.
Operating loss was $7.39M versus $6.01M; net loss was $7.09M versus $6.32M, and basic/diluted loss per share was $0.63 versus $0.56.
Selling and marketing expense declined 37.6% to $2.08M; G&A expense decreased 5.7% to $6.95M.
Cash and cash equivalents were $5.61M at June 30, 2026, versus $10.69M; operating cash use was $4.49M and investing cash use was $1.09M.
Outlook and guidance
Management expects current working capital to support operations for the next 12 months; future investment, acquisition or capex needs could prompt additional debt or equity financing.
Expansion of packaging supply-chain services for global customers sourcing in Southeast Asia remains a stated business focus.
Vietnam manufacturing started in July 2025; ramp-up, customer demand and startup costs could affect margins and returns on the investment.
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Latest events from Millennium Group International
- Revenue and profit margins declined sharply, but strategic expansion and cost controls are underway.MGIH
H1 2024 - Revenue and gross margin declined sharply, with net loss widening amid ongoing expansion efforts.MGIHH1 2025
- Revenue dropped 34% to $25.3M, with net loss narrowing to $6.3M amid cost controls.MGIHH2 2025
Millennium Group International
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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.