JM Group Ltd
CIK:0002049717|SEC Filings
Consolidated Statements of Income (Loss) |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Sep. 30, 2025
USD ($)
$ / shares
shares
|
Sep. 30, 2025
HKD ($)
$ / shares
shares
|
Sep. 30, 2024
HKD ($)
$ / shares
shares
|
Sep. 30, 2023
HKD ($)
$ / shares
shares
|
|||
| Revenue [Abstract] | ||||||
| Sales of products | $ 34,621,645 | $ 269,387,554 | $ 221,238,043 | $ 119,097,976 | ||
| OPERATING EXPENSES | ||||||
| Merchandise costs | (29,714,043) | (231,201,997) | (188,757,892) | (107,284,282) | ||
| Selling, general and administrative expenses | (1,868,768) | (14,540,696) | (24,887,221) | (33,545,670) | ||
| Total operating expenses | (31,582,811) | (245,742,693) | (213,645,113) | (140,829,952) | ||
| (LOSS) INCOME FROM OPERATIONS | 3,038,834 | 23,644,861 | 7,592,930 | (21,731,976) | ||
| INTEREST INCOME (EXPENSE) AND OTHER INCOME (EXPENSE) | ||||||
| Interest expense, net | (321,987) | (2,505,348) | (3,399,000) | (3,057,359) | ||
| (Loss) gain from foreign currency exchange, net | 19,885 | 154,725 | 564,916 | (84,123) | ||
| Other income – litigation settlement | 4,456,253 | |||||
| Government grants | 108,000 | |||||
| Other income | 4,706 | 36,619 | 427,696 | |||
| Bank charge | (134,367) | (1,045,498) | (994,430) | (789,692) | ||
| Other expense | (7,963) | (61,958) | (58,964) | (728,000) | ||
| Total interest and other (expense) income, net | (439,726) | (3,421,460) | 996,471 | (4,550,374) | ||
| (LOSS) INCOME BEFORE INCOME TAX PROVISION | 2,599,108 | 20,223,401 | 8,589,401 | (26,282,350) | ||
| PROVISION FOR INCOME TAXES | (201,601) | (1,568,638) | (1,560,959) | |||
| NET (LOSS) INCOME | $ 2,397,507 | $ 18,654,763 | $ 7,028,442 | $ (26,282,350) | ||
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES | ||||||
| Basic | [1] | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | |
| Diluted | [1] | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | |
| (LOSSES) EARNINGS PER SHARE | ||||||
| Basic | (per share) | $ 0.15 | $ 1.17 | $ 0.44 | $ (1.64) | ||
| Diluted | (per share) | $ 0.15 | $ 1.17 | $ 0.44 | $ (1.64) | ||
| ||||||
Consolidated Statements of Cash Flows |
12 Months Ended | |||
|---|---|---|---|---|
|
Sep. 30, 2025
USD ($)
|
Sep. 30, 2025
HKD ($)
|
Sep. 30, 2024
HKD ($)
|
Sep. 30, 2023
HKD ($)
|
|
| Cash flows from operating activities | ||||
| Net (loss) income | $ 2,397,507 | $ 18,654,763 | $ 7,028,442 | $ (26,282,350) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||
| Depreciation of property and equipment | 3,197 | 24,872 | 61,128 | 136,290 |
| Amortization of right-of-use asset | 155,083 | 1,206,682 | 1,139,065 | 1,328,014 |
| Provision (reversal) for expected credit losses accounts | (1,769,415) | (13,767,640) | 638,940 | 8,505,786 |
| Loss (gain) from unrealized foreign currency translation | (53,098) | (413,151) | (564,916) | 84,123 |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (511,432) | (3,979,405) | (29,331,787) | 18,585,959 |
| Prepayments | (1,169,930) | (9,103,112) | 2,306,417 | (4,449,216) |
| Deposits | (19,927) | (155,050) | (108,271) | 324,528 |
| Other current assets | (46,787) | (364,045) | 64,060 | 727,146 |
| Other non-current assets | 58,960 | (58,960) | ||
| Accounts payable | 3,066,820 | 23,862,623 | 26,849,556 | (346,077) |
| Taxes payables | 201,601 | 1,568,638 | (210,055) | (819,243) |
| Accrued expenses | (50,589) | (393,626) | (2,427,810) | 4,821,459 |
| Commission payable | 29,878 | 232,478 | (240,012) | 149,254 |
| Contract liabilities | 104,004 | 809,247 | (2,491,395) | (5,586,315) |
| Operating lease obligation | (155,083) | (1,206,682) | (1,139,065) | (1,328,014) |
| Other payable | (105,847) | (823,580) | (170,955) | 519,395 |
| Net cash (used in) provided by operating activities | 2,075,982 | 16,153,012 | 1,462,302 | (3,688,221) |
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (168,163) | |||
| Proceeds from amount due from related party | 1,065,639 | 8,291,628 | 173,776 | 32,949,324 |
| Repayment of amount due from related party | (159,648) | (1,242,203) | (6,505,713) | (23,023,301) |
| Net cash provided by (used in) investing activities | 905,991 | 7,049,425 | (6,331,937) | 9,757,860 |
| Cash flows from financing activities | ||||
| Proceeds from bank loans | 5,114,248 | 39,793,451 | 71,562,320 | 61,103,687 |
| Repayment of bank loans | (6,028,844) | (46,909,834) | (79,107,261) | (64,858,946) |
| Proceeds from factoring arrangement | 20,837,893 | 162,137,560 | 128,813,127 | 89,225,679 |
| Repayment under factoring arrangement | (20,946,040) | (162,979,041) | (129,035,806) | (91,739,595) |
| Repayment of finance lease | (10,410) | (80,997) | (77,831) | (193,613) |
| Dividend payments | (9,000,000) | |||
| Deferred initial public offering cost | (305,246) | (2,375,092) | (465,001) | |
| Repayment of amount due to related party | (1,568,646) | |||
| Proceeds from amount due to related party | 6,006 | 1,568,646 | ||
| Additional capital contribution from shareholders | 11,690,000 | |||
| Net cash (used in) provided by financing activities | (1,338,399) | (10,413,953) | 1,816,908 | (13,894,142) |
| Change in cash | 1,643,574 | 12,788,484 | (3,052,727) | (7,824,503) |
| Effect of foreign exchange on cash | ||||
| Cash at the beginning of the year | 624,428 | 4,858,613 | 7,911,340 | 15,735,843 |
| Cash at the end of the year | 2,268,002 | 17,647,097 | 4,858,613 | 7,911,340 |
| Supplementary cash flow information | ||||
| Cash paid for income tax | 1,771,014 | 819,243 | ||
| Cash paid for interest expense | 321,667 | 2,502,861 | 3,404,653 | 3,855,461 |
| Non-cash investing and financing activities | ||||
| Operating lease right-of-use assets obtained in exchange for operating lease obligation | $ 2,285,649 | |||