diff --git a/.changeset/hermes-source-maps-after-emit.md b/.changeset/hermes-source-maps-after-emit.md
new file mode 100644
index 000000000..025168ee8
--- /dev/null
+++ b/.changeset/hermes-source-maps-after-emit.md
@@ -0,0 +1,5 @@
+---
+"@callstack/repack": patch
+---
+
+Fix `HermesBytecodePlugin` skipping source map composition for many chunks. The plugin ran in `assetEmitted`, where a chunk's `.map` file might not be written yet, so hermesc ran without source maps, embedded debug info in the bytecode and skipped source map composition. It now runs in `afterEmit`, once all assets are on disk.
diff --git a/packages/repack/src/plugins/HermesBytecodePlugin/HermesBytecodePlugin.ts b/packages/repack/src/plugins/HermesBytecodePlugin/HermesBytecodePlugin.ts
index 2a8159066..8f7c7fbf4 100644
--- a/packages/repack/src/plugins/HermesBytecodePlugin/HermesBytecodePlugin.ts
+++ b/packages/repack/src/plugins/HermesBytecodePlugin/HermesBytecodePlugin.ts
@@ -105,50 +105,60 @@ export class HermesBytecodePlugin {
     const hermesCLIPath =
       this.config.hermesCLIPath || getHermesCLIPath(reactNativePath);
 
-    compiler.hooks.assetEmitted.tapPromise(
-      { name: 'RepackHermesBytecodePlugin', stage: 10 },
-      async (file, { outputPath }) => {
-        const shouldTransformAsset =
-          compiler.webpack.ModuleFilenameHelpers.matchObject(
-            {
-              test: this.config.test,
-              include: this.config.include,
-              exclude: this.config.exclude,
-            },
-            file
-          );
-
-        if (!shouldTransformAsset) {
-          return;
-        }
-
-        const bundlePath = path.join(outputPath, file);
-        const sourceMapPath = `${bundlePath}.map`;
-        const useSourceMaps = await fs.promises
-          .access(sourceMapPath)
-          .then(() => true)
-          .catch(() => false);
-
-        logger.debug(`Starting hermes compilation for asset: ${bundlePath}`);
-
-        const { sourceMap: hermesSourceMapPath } =
-          await transformBundleToHermesBytecode({
-            hermesCLIPath,
-            useSourceMaps,
-            bundlePath,
-          });
-
-        logger.info(`Asset transformed: ${file}`);
-
-        if (useSourceMaps) {
-          await composeSourceMaps({
-            reactNativePath,
-            packagerMapPath: sourceMapPath,
-            compilerMapPath: hermesSourceMapPath,
-          });
-
-          logger.info(`Asset sourceMap transformed: ${file}.map`);
-        }
+    // Run once every asset is on disk: a chunk's `.map` can still be unwritten when its own
+    // `assetEmitted` fires, which made hermesc run without source maps and skipped composition.
+    compiler.hooks.afterEmit.tapPromise(
+      'RepackHermesBytecodePlugin',
+      async (compilation) => {
+        const outputPath = compilation.outputOptions.path as string;
+
+        await Promise.all(
+          compilation.getAssets().map(async ({ name: file }) => {
+            const shouldTransformAsset =
+              compiler.webpack.ModuleFilenameHelpers.matchObject(
+                {
+                  test: this.config.test,
+                  include: this.config.include,
+                  exclude: this.config.exclude,
+                },
+                file
+              );
+
+            if (!shouldTransformAsset) {
+              return;
+            }
+
+            const bundlePath = path.join(outputPath, file);
+            const sourceMapPath = `${bundlePath}.map`;
+            const useSourceMaps = await fs.promises
+              .access(sourceMapPath)
+              .then(() => true)
+              .catch(() => false);
+
+            logger.debug(
+              `Starting hermes compilation for asset: ${bundlePath}`
+            );
+
+            const { sourceMap: hermesSourceMapPath } =
+              await transformBundleToHermesBytecode({
+                hermesCLIPath,
+                useSourceMaps,
+                bundlePath,
+              });
+
+            logger.info(`Asset transformed: ${file}`);
+
+            if (useSourceMaps) {
+              await composeSourceMaps({
+                reactNativePath,
+                packagerMapPath: sourceMapPath,
+                compilerMapPath: hermesSourceMapPath,
+              });
+
+              logger.info(`Asset sourceMap transformed: ${file}.map`);
+            }
+          })
+        );
       }
     );
   }
diff --git a/packages/repack/src/plugins/__tests__/HermesBytecodePlugin.test.ts b/packages/repack/src/plugins/__tests__/HermesBytecodePlugin.test.ts
index 3e33e7841..a89a568ae 100644
--- a/packages/repack/src/plugins/__tests__/HermesBytecodePlugin.test.ts
+++ b/packages/repack/src/plugins/__tests__/HermesBytecodePlugin.test.ts
@@ -20,6 +20,13 @@ jest.mock('node:fs', () => ({
 
 jest.mock('execa');
 
+function createCompilation(files: string[]) {
+  return {
+    outputOptions: { path: 'output/path/' },
+    getAssets: () => files.map((name) => ({ name })),
+  };
+}
+
 const compilerMock = {
   context: __dirname,
   options: {
@@ -28,7 +35,7 @@ const compilerMock = {
     },
   },
   hooks: {
-    assetEmitted: {
+    afterEmit: {
       tapPromise: jest.fn(),
     },
   },
@@ -56,7 +63,7 @@ describe('HermesBytecodePlugin', () => {
 
     pluginInstance.apply(compilerMock as unknown as Compiler);
 
-    expect(compilerMock.hooks.assetEmitted.tapPromise).not.toHaveBeenCalled();
+    expect(compilerMock.hooks.afterEmit.tapPromise).not.toHaveBeenCalled();
   });
 
   it('overrides compareBeforeEmit webpack option by default', () => {
@@ -87,9 +94,9 @@ describe('HermesBytecodePlugin', () => {
       fsMock.access.mockResolvedValueOnce();
 
       await new Promise<void>((resolve, reject) => {
-        compilerMock.hooks.assetEmitted.tapPromise.mockImplementationOnce(
+        compilerMock.hooks.afterEmit.tapPromise.mockImplementationOnce(
           (_, callback) => {
-            callback('example.bundle', { outputPath: 'output/path/' })
+            callback(createCompilation(['example.bundle']))
               .then(resolve)
               .catch(reject);
           }
@@ -101,9 +108,7 @@ describe('HermesBytecodePlugin', () => {
         typeof execa.node
       >;
 
-      expect(compilerMock.hooks.assetEmitted.tapPromise).toHaveBeenCalledTimes(
-        1
-      );
+      expect(compilerMock.hooks.afterEmit.tapPromise).toHaveBeenCalledTimes(1);
       expect(execaMock).toHaveBeenCalledTimes(1);
       expect(execaMock.mock.calls[0][0]).toEqual('path/to/hermesc');
 
@@ -127,9 +132,9 @@ describe('HermesBytecodePlugin', () => {
       fsMock.access.mockRejectedValueOnce(new Error('File not found'));
 
       await new Promise<void>((resolve, reject) => {
-        compilerMock.hooks.assetEmitted.tapPromise.mockImplementationOnce(
+        compilerMock.hooks.afterEmit.tapPromise.mockImplementationOnce(
           (_, callback) => {
-            callback('example.bundle', { outputPath: 'output/path/' })
+            callback(createCompilation(['example.bundle']))
               .then(resolve)
               .catch(reject);
           }
@@ -139,14 +144,48 @@ describe('HermesBytecodePlugin', () => {
 
       const execaMock = execa as jest.MockedFunction<typeof execa>;
 
-      expect(compilerMock.hooks.assetEmitted.tapPromise).toHaveBeenCalledTimes(
-        1
-      );
+      expect(compilerMock.hooks.afterEmit.tapPromise).toHaveBeenCalledTimes(1);
       expect(execaMock).toHaveBeenCalledTimes(1);
       expect(execaMock.mock.calls[0][0]).toEqual('path/to/hermesc');
     });
   });
 
+  it('transforms every matching asset and skips excluded ones', async () => {
+    const pluginInstance = new HermesBytecodePlugin({
+      enabled: true,
+      test: /\.(js)?bundle$/,
+      exclude: /index.bundle$/,
+      reactNativePath: 'path/to/react-native',
+      hermesCLIPath: 'path/to/hermesc',
+    });
+
+    const fsMock = fs.promises as jest.Mocked<typeof fs.promises>;
+    fsMock.access.mockResolvedValue();
+
+    await new Promise<void>((resolve, reject) => {
+      compilerMock.hooks.afterEmit.tapPromise.mockImplementationOnce(
+        (_, callback) => {
+          callback(
+            createCompilation([
+              'a.chunk.bundle',
+              'b.chunk.bundle',
+              'index.bundle',
+            ])
+          )
+            .then(resolve)
+            .catch(reject);
+        }
+      );
+      pluginInstance.apply(compilerMock as unknown as Compiler);
+    });
+
+    const execaMock = execa as jest.MockedFunction<typeof execa>;
+    const execaNodeMock = execa.node as jest.MockedFunction<typeof execa.node>;
+
+    expect(execaMock).toHaveBeenCalledTimes(2);
+    expect(execaNodeMock).toHaveBeenCalledTimes(2);
+  });
+
   describe('getHermesCLIPath', () => {
     const reactNativePath = 'path/to/react-native';