Bluemount Holdings Limited Class B (BMHL) Cash Flow Statement
Where BMHL’s cash came from and went, FY2026
March 31, 2026 · Hong Kong dollars- Cash from operations
- −HK$91.4M −969.0% vs FY2025
- Capital expenditures
- HK$39 0.0% of revenue
- Free cash flow
- −HK$91.4M −146.7% margin
- Returned to shareholders
- —
- Change in cash
- −HK$53.7M cash at year-end HK$7.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
BMHL operating cash flow, capex and free cash flow
BMHL cash flow trends, FY2023–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | HK$2.9MFY2023 | −HK$91.4MFY2026 | — | |
| Capital expenditures | HK$0FY2023 | HK$39FY2026 | — | |
| Free cash flow | HK$2.9MFY2023 | −HK$91.4MFY2026 | — | |
| Free cash flow margin | 8.9%FY2023 | −146.7%FY2026 | −155.5 pts | |
| Operating cash flow / net income | 0.26FY2023 | −8.96FY2026 | −9.22 | |
| Dividends paid | HK$0FY2023 | HK$0FY2026 | — | |
| Capex / revenue | 0.0%FY2023 | 0.0%FY2026 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BMHL cash flow by activity
BMHL net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
BMHL cash flow statement in Hong Kong dollars
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | HK$10.2M | HK$10.1M | HK$13.3M | HK$11.3M |
| Depreciation & amortization | HK$0 | HK$1.5M | HK$1.5M | HK$1.8M |
| Change in working capital | −HK$104.5M | −HK$4.7M | −HK$4.7M | −HK$17.3M |
| Other non-cash items | HK$2.9M | HK$3.7M | HK$480,000 | HK$7.1M |
| Cash from operating activities | −HK$91.4M | HK$10.5M | HK$10.5M | HK$2.9M |
| Investing activities | ||||
| Capital expenditures | −HK$39 | HK$0 | HK$0 | HK$0 |
| Financing activities | ||||
| Dividends paid | HK$0 | −HK$6.4M | HK$0 | HK$0 |
| Net borrowing (repayment) | HK$0 | −HK$861,000 | −HK$1.3M | −HK$1.1M |
| Shares issued | HK$39.2M | HK$0 | HK$0 | HK$0 |
| Other financing | −HK$275,700 | −HK$1.4M | HK$497,000 | HK$901,000 |
| Cash from financing activities | HK$38.9M | −HK$8.7M | −HK$755,000 | −HK$151,000 |
| Summary | ||||
| Net change in cash | −HK$53.7M | HK$1.8M | −HK$4.6M | HK$2.8M |
| Cash at end of period | HK$7.4M | HK$6.1M | HK$4.3M | HK$8.9M |
| Free cash flow | −HK$91.4M | HK$10.5M | −HK$3.9M | HK$2.9M |
| Free cash flow margin | −146.7% | 19.6% | −7.2% | 8.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | −8.96 | 1.04 | 0.79 | 0.26 |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Sep '24 | Mar '24 | Sep '23 | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | −HK$6.7M | HK$4.7M | HK$16.7M | HK$600,591 | HK$5.4M | HK$8.3M | HK$953,410 |
| Depreciation & amortization | — | HK$590,099 | — | HK$75,861 | HK$899,904 | HK$902,834 | HK$903,442 |
| Change in working capital | −HK$19.3M | −HK$1.0M | −HK$84.6M | −HK$132,050 | −HK$9.5M | −HK$12.9M | −HK$6.3M |
| Other non-cash items | HK$11.2M | HK$4.6M | −HK$8.2M | HK$586,940 | −HK$863,074 | HK$2.0M | HK$427,732 |
| Cash from operating activities | −HK$14.8M | HK$8.8M | −HK$76.1M | HK$1.1M | −HK$4.0M | −HK$1.7M | −HK$4.0M |
| Investing activities | |||||||
| Capital expenditures | −HK$16 | HK$0 | −HK$31 | HK$0 | −HK$23 | −HK$31 | −HK$23 |
| Financing activities | |||||||
| Dividends paid | — | −HK$6.4M | — | −HK$828,561 | — | — | — |
| Shares issued | HK$0 | HK$0 | HK$0 | HK$0 | HK$0 | HK$0 | HK$0 |
| Other financing | HK$22,445 | −HK$2.2M | HK$38.7M | −HK$281,755 | −HK$73,665 | HK$103,506 | −HK$859,469 |
| Cash from financing activities | HK$22,445 | −HK$8.6M | HK$38.7M | −HK$1.1M | −HK$73,665 | HK$103,506 | −HK$859,469 |
| Summary | |||||||
| Net change in cash | −HK$15.8M | HK$80,439 | −HK$37.6M | HK$10,341 | −HK$3.6M | HK$64.5M | — |
| Cash at end of period | HK$7.4M | HK$60.6M | HK$23.0M | HK$7.8M | HK$60.5M | HK$64.5M | — |
| Free cash flow | −HK$14.8M | HK$8.8M | −HK$76.1M | HK$1.1M | −HK$4.0M | −HK$1.7M | −HK$4.0M |
| Free cash flow margin | −52.9% | 21.6% | −223.7% | 21.6% | −30.8% | −12.5% | −21.3% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | — | 1.88 | −4.55 | 1.88 | −0.75 | −0.21 | −4.23 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Hong Kong dollars as reported; data from EODHD.
BMHL cash generation
In fiscal 2026 (ended March 31, 2026), Bluemount generated -HK$91.4 million of cash from operations (down 969.0%) and spent HK$0.0 million on capital expenditures, leaving free cash flow of -HK$91.4 million, −146.7% of revenue. Cash and equivalents fell by HK$53.7 million over the year.
Related: BMHL income statement, BMHL balance sheet. See the BMHL stock overview for the latest quote and news.
BMHL cash flow FAQ
What is Bluemount's free cash flow?
Bluemount's free cash flow was -HK$91.4 million in fiscal 2026: -HK$91.4 million of operating cash flow minus HK$0.0 million of capital expenditures It was HK$10.5 million a year earlier..
How much cash does Bluemount generate from operations?
Bluemount generated -HK$91.4 million of cash from operating activities in fiscal 2026, −8.96 times its net income of HK$10.2 million.
How much does Bluemount spend on capital expenditures?
Bluemount spent HK$0.0 million on capital expenditures in fiscal 2026, 0.0% of revenue.