Company: MAGH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001641172-25-014489
Chunk: 75

Company: Magnitude International Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 75
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461, our current assets were S$7,077,663, and our current liabilities were S$4,956,233. For the financial year ended April 30, 2024, we generated profit for the financial year of S$2,007,469 with net operating cash inflows of S$609,817.

As of October 31, 2023, our cash balances
amounted to approximately S$2,068,367, our current assets were S$7,994,485, and our current liabilities were S$7,619,868. For the six
months ended October 31, 2023, we generated profit for the financial period of S$919,027 with net operating cash inflows of S$638,166.

As of October 31, 2024, our cash balances amounted
to approximately S$1,285,607, our current assets were S$5,743,291 and our current liabilities were S$4,922,930. For the six months ended
October 31, 2024, we generated profit for the financial period of S$196,748 with net operating cash inflows of S$35,370.

During the six months ended October 31, 2024, Herlin declared interim tax exempt (one-tier) dividends of S$200,000 and S$300,000 to Mr. Lim, our Chief Executive Director, and the controlling shareholder of our Company, on June 3, 2024 and October 30, 2024, respectively. Such dividends are reflected as dividends paid/payable on the Unaudited Interim Condensed Consolidated Statement of Changes in Equity for the six months ended October 31, 2024 included in this prospectus. As of October 31, 2024, S$200,000 of such dividends had been paid and S$300,000 remained outstanding and payable. The remaining S$300,000 dividend payable was paid during the six months ended April 30, 2025.

On November 18, 2024, Herlin declared an interim tax exempt (one-tier) dividend of S$1.1 million to Mr. Lim, which will be reflected as dividends paid/payable on Condensed Consolidated Statement of Changes in Equity for the year ending April 30, 2025. As of the date of this prospectus, S$500,000 has been paid and S$600,000 remains outstanding and payable.