Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 67

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 67
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 Group’s historical results of operations and may not be indicative of our Group’s future
operating performance.

Results
of Operations

Comparison
for the Financial Years Ended April 30, 2023, 2024 and 2025

The
following table sets forth a summary of our consolidated results of operations for the periods indicated:

                                           Financial Years Ended April 30,                                                     
                                           2023                                                                                
                                           S$                                                                                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                                                        21,861,160       24,201,834       15,358,387  
  Cost of sales                                                                 (19,207,791      (20,363,812      (12,984,181  
  Gross profit                                                                    2,653,369        3,838,022        2,374,206  
  Distribution costs                                                               (147,042         (136,937          (88,620  
  Administrative expenses                                                        (1,543,215       (1,568,925       (2,209,636  
  Impairment loss on financial assets                                              (172,821          (89,367           (5,087  
                                                                                 (1,863,078       (1,795,229       (2,303,343  
  Income from operations                                                            790,291        2,042,793           70,863  
  Other income (expense)                                                                                                       
  Finance costs                                                                     (47,363          (68,167          (90,715  
  Other income                                                                       78,338           49,872           44,781  
  Other expenses                                                                          -           (1,176                -  
                                                                                     30,975          (19,471          (45,934  
  Profit before income tax expense                                                  821,266        2,023,322           24,929  
  Income tax expense                                                                (37,531          (15,853           18,051  
  Profit for the year                                                               783,735        2,007,469           42,980  

Revenue

As
set forth in the following table, during the financial years ended April 30, 2023, 2024 and 2025, our revenue was derived from green
and brown field projects and ad-hoc services in Singapore:

                                          Financial Years Ended April 30                                                                                   
                                          2023                                                                                                             
                                          S$