BMHL · Bluemount Holdings Limited

Bluemount Holdings Limited delivered a strong financial performance for the six months ended September 30, 2025, with revenue increasing 160.4% year-over-year to HK$34.2 million. This growth was primarily fueled by a significant expansion in the timepiece trading business, which saw sales surge to HK$26.8 million from HK$3.4 million in the prior year period. The company also benefited from a one-time gain of HK$9.6 million from the disposal of its subsidiary, Bluemount Capital Limited, on September 9, 2025. Consequently, net income rose 210.0% to HK$16.8 million, resulting in basic and diluted earnings per share of HK$0.68 compared to HK$0.23 in the same period last year. Administrative expenses decreased by 58.3% to HK$1.7 million, largely due to reduced professional fees and fully depreciated assets. During the period, the Company completed an IPO, issuing 1,515,000 Class B ordinary shares which strengthened the balance sheet with net proceeds of approximately HK$37.5 million. However, operating cash flow reflected a usage of HK$30.4 million, primarily attributable to a substantial increase in trade receivables of HK$36.2 million, indicating potential working capital pressures amidst rapid sales growth. The cash position improved to HK$14.5 million as of September 30, 2025, supported by financing activities.