Quarterly ResultJun 25, 2026, 04:36 PM
Millennium Group H1 2025 Revenue Down 23.3% to $10.9M; Net Loss $3.3M
AI Summary
Millennium Group International Holdings Ltd reported a significant decline in its fiscal H1 2025 financial results. Revenues decreased by 23.3% to $10.9 million, and gross profit dropped by 59.4% to $1.2 million. The company's net loss widened to $3.3 million, resulting in a loss per share of $0.30. Despite the challenging financial performance, the company is proceeding with strategic expansion into Vietnam and reallocating IPO proceeds to bolster its overseas sales team and supply chain management services.
Key Highlights
- Revenues decreased 23.3% to $10.9 million for H1 2025 from $14.1 million in H1 2024.
- Gross profit fell 59.4% to $1.2 million (10.7% margin) from $2.9 million (20.2% margin).
- Net loss increased to $3.3 million in H1 2025 compared to $3.1 million in H1 2024.
- Loss per share was $0.30 for H1 2025, up from $0.27 in H1 2024.
- Cash and cash equivalents were $6.9 million as of December 31, 2025, down 36.3% from $10.8 million.
- Net cash used in operating activities increased to $1.7 million from $0.4 million.
- Strategic expansion into Vietnam is proceeding with an upcoming new factory launch.
- IPO proceeds reallocated to expand overseas sales team, especially in the US, and supply chain services in Southeast Asia.
Price Impact