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JM Group (JMG) investor relations material
JM Group Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates as a Hong Kong-headquartered sourcing solutions provider, sourcing and wholesaling products in eight categories, including toys, sports, home goods, and personal care.
Customers are primarily retailers, distributors, and wholesalers in the US, Hong Kong, Mexico, and Australia; suppliers are mainly manufacturers in mainland China.
Offers value-added services such as market research, product design, packaging, and quality management to support its core sourcing and wholesale business.
Maintains close, long-term relationships with manufacturers but does not enter into binding long-term contracts, providing flexibility but also risk.
Revenue is highly concentrated, with the top five customers accounting for over 97% of total revenue in recent periods.
Financial performance and metrics
Revenue increased 85.8% year-over-year to HKD221.2 million (US$28.5 million) for the year ended September 30, 2024.
Net income for the year ended September 30, 2024 was HKD7.0 million (US$904,643), compared to a net loss of HKD26.3 million in the prior year.
For the six months ended March 31, 2025, revenue rose 14.1% to HKD147.3 million (US$18.9 million), with net income of HKD12.4 million (US$1.6 million).
Gross profit margin increased by 4.8% in fiscal 2024 but declined by 2.7% in the first half of fiscal 2025 due to higher costs.
The company has a significant working capital deficit (HKD25.6 million/US$3.3 million as of March 31, 2025) and its auditor raised substantial doubt about its ability to continue as a going concern.
Cash flow from operations improved to HKD4.8 million (US$617,403) for the six months ended March 31, 2025.
Use of proceeds and capital allocation
Net proceeds of approximately $14.86 million (assuming no over-allotment) are planned to be allocated equally among brand promotion and marketing, recruitment of talent, strategic investments/acquisitions, and general working capital.
Management retains flexibility in the application of proceeds and may invest unused funds in short-term, interest-bearing deposits or debt instruments.
- TimeTickerHeadlineOpen
- NAZARA
EBITDA and margins rose on IP focus, but regulatory changes led to major impairment losses. - HAPPYFORGE
Stable to growing financials, strong margins, and disciplined IPO fund use with no audit concerns. - RBA
Q3 revenue rose 16.5% in India; Inspira Global to acquire a controlling stake and infuse capital. - 6674
Profits and dividends revised upward on strong battery sales and improved margins. - BOROUGE
$1.1B net profit, 37% EBITDA margin, record sales, and major restructuring drive future growth. - 8059
Record Q3 profits and strong segment growth support an upwardly revised full-year outlook. - 7011
Strong order intake and profit growth drive upward revision of FY2025 forecasts and reflect key divestiture impact. - 9101
Profits fell across most segments, but energy shipping and a major acquisition stood out. - 4626
Double-digit sales and profit growth, revised forecasts, and a stock split impact. - 3401
Major impairments and divestitures drove losses, but Healthcare posted strong growth.
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