NYSEAMERICAN : JMG
JM Group Limited — Financial statements
Consumer Discretionary · Other · Hong Kong
Last price 6.61 USD (At close: Jan 14, 2026) · Market cap 134.27M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
JM Group Limited (JMG) reported revenue of 269.39M HKD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 269.39M | 269.39M | 221.24M | 119.10M | 250.07M |
| Cost of Revenue | 231.20M | 231.20M | 188.76M | 107.28M | 214.61M |
| Gross Profit | 38.19M | 38.19M | 32.48M | 11.81M | 35.46M |
| Selling, General & Admin | 14.54M | 14.54M | 24.89M | 33.55M | 31.87M |
| Operating Expenses | 14.54M | 14.54M | 24.89M | 33.55M | 31.87M |
| Operating Income | 23.64M | 23.64M | 7.59M | -21.73M | 3.60M |
| Interest Expense | -2.51M | -2.51M | -3.40M | -3.06M | -1.87M |
| Currency Exchange Gain (Loss) | 154.72K | 154.72K | 564.92K | -84.12K | -266.31K |
| Other Non Operating Income (Expenses) | -1.07M | -1.07M | -625.70K | -1.41M | 650.27K |
| EBT Excluding Unusual Items | 20.22M | 20.22M | 4.13M | -26.28M | 2.11M |
| Legal Settlements | 4.46M | ||||
| Pretax Income | 20.22M | 20.22M | 8.59M | -26.28M | 2.11M |
| Income Tax Expense | 1.57M | 1.57M | 1.56M | 81.22K | |
| Net Income | 18.65M | 18.65M | 7.03M | -26.28M | 2.03M |
| Net Income to Common | 18.65M | 18.65M | 7.03M | -26.28M | 2.03M |
| Shares Outstanding (Basic) | 16.00M | 16.00M | 16.00M | 16.00M | |
| Shares Outstanding (Diluted) | 16.00M | 16.00M | 16.00M | 16.00M | |
| EPS (Basic) | 1.17 | 1.17 | 0.44 | -1.64 | |
| EPS (Diluted) | 1.17 | 1.17 | 0.44 | -1.64 | |
| Free Cash Flow | 16.15M | 16.15M | 1.46M | -3.86M | 1.62M |
| Free Cash Flow Per Share | 1.01 | 1.01 | 0.09 | -0.24 | |
| Gross Margin | 14.17% | 14.17% | 14.68% | 9.92% | 14.18% |
| Operating Margin | 8.78% | 8.78% | 3.43% | -18.25% | 1.44% |
| Profit Margin | 6.93% | 6.93% | 3.18% | -22.07% | 0.81% |
| Free Cash Flow Margin | 6.00% | 6.00% | 0.66% | -3.24% | 0.65% |
| EBITDA | 23.67M | 23.67M | 7.65M | -21.60M | 3.73M |
| EBITDA Margin | 8.79% | 8.79% | 3.46% | -18.13% | 1.49% |
| D&A For EBITDA | 24.87K | 24.87K | 61.13K | 136.29K | 135.34K |
| EBIT | 23.64M | 23.64M | 7.59M | -21.73M | 3.60M |
| EBIT Margin | 8.78% | 8.78% | 3.43% | -18.25% | 1.44% |
| Effective Tax Rate | 7.76% | 7.76% | 18.17% | 3.85% |
Balance sheet
Fiscal year October - September; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 17.65M | 17.65M | 4.86M | 7.91M | 15.74M |
| Cash & Short-Term Investments | 17.65M | 17.65M | 4.86M | 7.91M | 15.74M |
| Accounts Receivable | 73.12M | 73.12M | 55.06M | 26.37M | 53.46M |
| Other Receivables | 380.70K | 380.70K | 16.65K | 80.71K | 807.86K |
| Receivables | 73.50M | 73.50M | 55.08M | 26.45M | 54.27M |
| Inventory | 20.11M | 20.11M | 11.01M | 13.31M | 8.86M |
| Other Current Assets | 7.05M | 717.49K | 10.64M | ||
| Total Current Assets | 111.26M | 111.26M | 78.00M | 48.39M | 89.51M |
| Property, Plant & Equipment | 1.00M | 1.00M | 798.98K | 2.00M | 1.23M |
| Long-Term Investments | 1.36M | ||||
| Long-Term Deferred Charges | 2.84M | 2.84M | 465.00K | ||
| Other Long-Term Assets | 671.35K | 671.35K | 516.30K | 466.99K | 732.56K |
| Total Assets | 115.77M | 115.77M | 79.78M | 50.86M | 92.84M |
| Accounts Payable | 88.11M | 88.11M | 64.44M | 37.59M | 37.94M |
| Accrued Expenses | 2.44M | 2.44M | 2.60M | 5.27M | 295.69K |
| Short-Term Debt | 35.07M | 35.07M | 40.23M | 51.87M | 51.53M |
| Current Portion of Long-Term Debt | 1.80M | 1.80M | 2.57M | 1.95M | 2.06M |
| Current Portion of Leases | 938.54K | 938.54K | 765.41K | 1.22M | 1.28M |
| Current Income Taxes Payable | 3.19M | 3.19M | 1.62M | 1.83M | 882.51K |
| Current Unearned Revenue | 2.04M | 2.04M | 1.23M | 3.72M | 9.30M |
| Other Current Liabilities | 823.58K | 994.53K | 475.14K | ||
| Total Current Liabilities | 133.59M | 133.59M | 114.28M | 104.44M | 103.76M |
| Long-Term Debt | 5.83M | 5.83M | 7.78M | 6.66M | 11.51M |
| Long-Term Leases | 27.62K | 792.93K | 186.45K | ||
| Other Long-Term Liabilities | 6.01K | 6.01K | |||
| Total Liabilities | 139.43M | 139.43M | 122.09M | 111.90M | 115.46M |
| Common Stock | 7.83K | 7.83K | 7.83K | 7.83K | 7.83K |
| Additional Paid-In Capital | 11.69M | 11.69M | 11.69M | 2.17K | 2.17K |
| Retained Earnings | -35.36M | -35.36M | -54.02M | -61.05M | -22.63M |
| Shareholders' Equity | -23.66M | -23.66M | -42.32M | -61.04M | -22.62M |
| Total Liabilities & Equity | 115.77M | 115.77M | 79.78M | 50.86M | 92.84M |
| Total Debt | 43.65M | 43.65M | 51.38M | 62.49M | 66.56M |
| Net Cash (Debt) | -26.00M | -26.00M | -46.52M | -54.58M | -50.83M |
| Net Cash Per Share | -1.63 | -1.63 | -2.91 | -3.41 | |
| Filing Date Shares Outstanding | 20.31M | 20.31M | 16.00M | 16.00M | |
| Total Common Shares Outstanding | 16.00M | 16.00M | 16.00M | 16.00M | |
| Working Capital | -22.34M | -22.34M | -36.29M | -56.05M | -14.25M |
| Book Value Per Share | -1.48 | -1.48 | -2.64 | -3.81 | |
| Tangible Book Value | -23.66M | -23.66M | -42.32M | -61.04M | -22.62M |
| Tangible Book Value Per Share | -1.48 | -1.48 | -2.64 | -3.81 | |
| Machinery | 757.25K | 757.25K | 757.25K | 757.25K | 676.68K |
| Leasehold Improvements | 87.60K | 87.60K | 87.60K | 87.60K |
Cash flow statement
Fiscal year October - September; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 18.65M | 18.65M | 7.03M | -26.28M | 2.03M |
| Depreciation & Amortization | 1.23M | 1.23M | 1.20M | 1.46M | 1.40M |
| Provision & Write-off of Bad Debts | -13.77M | -13.77M | 638.94K | 8.51M | 7.93M |
| Other Operating Activities | -413.15K | -413.15K | -564.92K | 84.12K | 1.19M |
| Change in Accounts Receivable | -3.98M | -3.98M | -29.33M | 18.59M | -29.82M |
| Change in Accounts Payable | 23.86M | 23.86M | 26.85M | -346.08K | 19.33M |
| Change in Unearned Revenue | 809.25K | 809.25K | -2.49M | -5.59M | -4.47M |
| Change in Income Taxes | 1.57M | 1.57M | -210.06K | -819.24K | 1.14M |
| Change in Other Net Operating Assets | -11.81M | -11.81M | -1.66M | 705.59K | 2.89M |
| Operating Cash Flow | 16.15M | 16.15M | 1.46M | -3.69M | 1.62M |
| Capital Expenditures | -168.16K | ||||
| Other Investing Activities | 7.05M | 7.05M | -6.33M | 9.93M | 5.05M |
| Investing Cash Flow | 7.05M | 7.05M | -6.33M | 9.76M | 5.05M |
| Short-Term Debt Issued | 6.01K | 1.57M | |||
| Long-Term Debt Issued | 201.93M | 201.93M | 200.38M | 150.33M | 12.50M |
| Total Debt Issued | 201.93M | 201.93M | 200.38M | 151.90M | 12.50M |
| Short-Term Debt Repaid | -1.57M | ||||
| Long-Term Debt Repaid | -209.97M | -209.97M | -208.22M | -156.79M | -235.99K |
| Total Debt Repaid | -209.97M | -209.97M | -209.79M | -156.79M | -235.99K |
| Net Debt Issued (Repaid) | -8.04M | -8.04M | -9.41M | -4.89M | 12.26M |
| Issuance of Common Stock | 11.69M | ||||
| Common Dividends Paid | -9.00M | -8.85M | |||
| Other Financing Activities | -2.38M | -2.38M | -465.00K | ||
| Financing Cash Flow | -10.41M | -10.41M | 1.82M | -13.89M | 3.41M |
| Net Cash Flow | 12.79M | 12.79M | -3.05M | -7.82M | 10.09M |
| Free Cash Flow | 16.15M | 16.15M | 1.46M | -3.86M | 1.62M |
| Free Cash Flow Margin | 6.00% | 6.00% | 0.66% | -3.24% | 0.65% |
| Free Cash Flow Per Share | 1.01 | 1.01 | 0.09 | -0.24 | |
| Levered Free Cash Flow | 19.03M | 19.03M | -7.52M | 19.61M | |
| Unlevered Free Cash Flow | 20.60M | 20.60M | -5.40M | 21.52M | |
| Cash Interest Paid | 2.50M | 2.50M | 3.40M | 3.86M | 1.88M |
| Cash Income Tax Paid | 1.77M | 819.24K | 155.50K | ||
| Change in Working Capital | 10.45M | 10.45M | -6.84M | 12.54M | -10.92M |
Ratios
Fiscal year October - September; amounts in HKD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 134.27M | ||||
| Enterprise Value | 138.78M | ||||
| Debt / Equity Ratio | -1.84 | -1.84 | -1.21 | -1.02 | -2.94 |
| Debt / EBITDA Ratio | 1.74 | 1.74 | 5.61 | 12.47 | |
| Debt / FCF Ratio | 2.70 | 2.70 | 35.14 | 40.96 | |
| Net Debt / Equity Ratio | -1.10 | -1.10 | -1.10 | -0.89 | -2.25 |
| Net Debt / EBITDA Ratio | 1.10 | 1.10 | 6.08 | -2.53 | 13.61 |
| Net Debt / FCF Ratio | 1.61 | 1.61 | 31.81 | -14.15 | 31.28 |
| Asset Turnover | 2.75 | 2.75 | 3.39 | 1.66 | |
| Inventory Turnover | 14.86 | 14.86 | 15.52 | 9.68 | |
| Quick Ratio | 0.68 | 0.68 | 0.52 | 0.33 | 0.68 |
| Current Ratio | 0.83 | 0.83 | 0.68 | 0.46 | 0.86 |
| Return on Assets (ROA) | 15.12% | 15.12% | 7.27% | -18.90% | |
| Return on Capital Employed (ROCE) | -132.70% | -132.70% | -22.00% | 40.60% | -32.90% |
| Payout Ratio | 435.94% |