Reported Earnings • Aug 04
First half 2026 earnings released: EPS: €0.004 (vs €0.002 loss in 1H 2025) First half 2026 results: EPS: €0.004 (up from €0.002 loss in 1H 2025). Revenue: €5.17m (down 1.2% from 1H 2025). Net income: €118.0k (up €178.0k from 1H 2025). Profit margin: 2.3% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 02
MIG Holdings S.A. to Report Fiscal Year 2025 Results on Mar 12, 2026 MIG Holdings S.A. announced that they will report fiscal year 2025 results on Mar 12, 2026 Announcement • Feb 27
MIG Holdings S.A., Annual General Meeting, Apr 30, 2026 MIG Holdings S.A., Annual General Meeting, Apr 30, 2026. New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.41, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 13x in the Diversified Financial industry in Europe. Total returns to shareholders of 348% over the past three years. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €2.95, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Diversified Financial industry in Europe. Total returns to shareholders of 244% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.31, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 11x in the Diversified Financial industry in Europe. Total returns to shareholders of 161% over the past three years. Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: €0.20 (vs €0.18 in FY 2023) Full year 2024 results: EPS: €0.20 (up from €0.18 in FY 2023). Revenue: €8.74m (up 11% from FY 2023). Net income: €6.42m (up 16% from FY 2023). Profit margin: 73% (up from 70% in FY 2023). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€89.1m market cap, or US$93.5m). Announcement • Feb 01
MIG Holdings S.A. to Report Fiscal Year 2024 Results on Feb 28, 2025 MIG Holdings S.A. announced that they will report fiscal year 2024 results on Feb 28, 2025 Announcement • Jan 31
MIG Holdings S.A., Annual General Meeting, Apr 03, 2025 MIG Holdings S.A., Annual General Meeting, Apr 03, 2025. New Risk • Nov 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.6m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€94.6m market cap, or US$99.8m). Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.17 (vs €0.20 in 1H 2023) First half 2024 results: EPS: €0.17 (down from €0.20 in 1H 2023). Revenue: €4.32m (up 12% from 1H 2023). Net income: €5.15m (down 19% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 65% per year whereas the company’s share price has increased by 63% per year. Announcement • Jul 20
MIG Holdings S.A. to Report First Half, 2024 Results on Jul 30, 2024 MIG Holdings S.A. announced that they will report first half, 2024 results on Jul 30, 2024 Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Petros Katsoulas was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 05
MIG Holdings S.A., Annual General Meeting, Apr 25, 2024 MIG Holdings S.A., Annual General Meeting, Apr 25, 2024, at 11:00 E. Europe Standard Time. Location: at 10, El. Venizelou (formerly Panepistimiou) street 4th floor Athens Greece New Risk • Apr 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. New Risk • Feb 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Announcement • Jan 30
MIG Holdings S.A. to Report Fiscal Year 2023 Results on Feb 26, 2024 MIG Holdings S.A. announced that they will report fiscal year 2023 results on Feb 26, 2024 Reported Earnings • Aug 02
First half 2023 earnings released: EPS: €0.20 (vs €0.95 loss in 1H 2022) First half 2023 results: EPS: €0.20 (up from €0.95 loss in 1H 2022). Net income: €6.39m (up €36.1m from 1H 2022). Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 36% per year. Announcement • Aug 01
MIG Holdings S.A. to Report First Half, 2023 Results on Aug 01, 2023 MIG Holdings S.A. announced that they will report first half, 2023 results on Aug 01, 2023 Announcement • Jun 22
MIG Holdings S.A.(ATSE:MIG) dropped from ATHEX Composite Index MIG Holdings S.A. has been dropped from ATHEX Composite Index. Announcement • Jun 01
MIG Holdings S.A., Annual General Meeting, Jun 14, 2023 MIG Holdings S.A., Annual General Meeting, Jun 14, 2023, at 11:00 E. Europe Standard Time. Location: Domotel Kastri Hotel,154 El. Venizelou & Romilias, 14671, Kastri Athens Greece Announcement • Feb 09
Piraeus Bank S.A. acquired an unknown minority stake in Marfin Investment Group Holdings S.A. Piraeus Bank S.A. acquired an unknown minority stake in Marfin Investment Group Holdings S.A. on February 6, 2023.
Piraeus Bank S.A. completed the acquisition of an unknown minority stake in Marfin Investment Group Holdings S.A. on February 6, 2023. Announcement • Jan 17
Marfin Investment Group Holdings S.A., Annual General Meeting, Feb 06, 2023 Marfin Investment Group Holdings S.A., Annual General Meeting, Feb 06, 2023, at 11:00 E. Europe Standard Time. Location: ATTICA GROUP at 29, Lysikratous Street Kallithea Greece Reported Earnings • Sep 26
First half 2021 earnings released: €0.008 loss per share (vs €0.061 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €129.8m (up 5.6% from 1H 2020). Net loss: €7.57m (loss narrowed 87% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 03
Full year 2020 earnings released: €0.091 loss per share (vs €0.039 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €303.2m (down 72% from FY 2019). Net loss: €85.7m (loss widened 132% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of €76.8m, with losses widening by 27% from the prior year. Total revenue was €994.8m over the last 12 months, down 4.2% from the prior year. 
