Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 62

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 62
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 inflation in future may impair our ability to maintain current levels of gross and net     
 profitability margins and operating expenses as a percentage of sales revenue if the revenues 
 do not correspondingly increase with such increased costs.                                    |

| 50 |

Description and Analysis of Principal Components of Our Results of Operations

The following discussion is based on our Group’s historical results of operations and may not be indicative of our Group’s future operating performance.

Results of Operations

The following table sets forth a summary of our consolidated results of operations for the periods indicated, both in absolute amount and as a percentage of its total revenue.

Financial Years Ended April 30, 2023 and 2024

|                                     |     | Financial Years ended April 30, |             |   |     |      |             |   |
|                                     |     |                            2023 |             |   |     | 2024 |             |   |
|                                     |     |                              S$ |             |   |     |   S$ |             |   |
| Revenue                             |     |                                 |  21,861,160 |   |     |      |  24,201,834 |   |
| Cost of sales                       |     |                                 | (19,207,791 | ) |     |      | (20,363,812 | ) |
| Gross profit                        |     |                                 |   2,653,369 |   |     |      |   3,838,022 |   |
| Distribution costs                  |     |                                 |    (147,042 | ) |     |      |    (136,937 | ) |
| Administrative expenses             |     |                                 |  (1,543,215 | ) |     |      |  (1,568,925 | ) |
| Impairment loss on financial assets |     |                                 |    (172,821 | ) |     |      |     (89,367 | ) |
| Total operating expenses            |     |                                 |  (1,863,078 | ) |     |      |  (1,795,229 | ) |
| Income from operations              |     |                                 |     790,291 |   |     |      |   2,042,793 |   |
| Other income (expense)              |     |                                 |             |   |     |      |             |   |
| Other income, net                   |     |                                 |      78,338 |   |     |      |