Millennium Group International (MGIH) investor relations material

Executive summary

• Revenue declined 34% year-over-year to $25.3M for FY2025, mainly due to lower sales volume in Mainland China, partially offset by higher average selling prices and a strategic focus on higher-quality customers.

• Net loss narrowed to $6.3M in FY2025 from $8.8M in FY2024, reflecting cost controls and reduced operating expenses after consolidating operations.

• The company completed the voluntary liquidation of a major subsidiary (YWSZ) and consolidated production to improve efficiency and reduce costs.

Financial highlights

• Gross profit margin decreased to 18.5% in FY2025 from 21.6% in FY2024, mainly due to higher raw material costs and lower production utilization.

• Cash and cash equivalents at year-end were $10.8M, with outstanding bank borrowings of $6.1M at an average floating interest rate of 3.61%.

• Net cash used in operating activities was $1.7M in FY2025, an improvement from $4.1M used in FY2024.

• No dividends were declared for FY2025 or FY2024; earnings are being retained to support operations and growth.

Outlook and guidance

• Management believes current working capital is sufficient for the next 12 months but may seek additional financing for future investments or expansion.

• The company plans to continue focusing on higher-quality, creditworthy customers and expanding its packaging supply chain management solutions in Southeast Asia.