Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 162

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 162
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of 97.53% for the three months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024,
our gross income margin was 100% and 98.14%  respectively. Significant high gross profit margin is the nature of our business for
which the majority of the revenue are recognized at net basis, according to agency theory, the cost of purchase is net off in the revenue
against the Gross Merchandise Value (GMV) and the revenue is supported by operating costs. The increase is mainly attributable to the
decrease in cost of revenue for the year ended December 31, 2024. Higher gross margin for the three and nine months period ended September
30, 2025 was due to higher profit margin arising from online advertisements.

Overall
revenue increased for the three months ended September 30, 2025 as compared to September 30, 2024, primarily due to new contracts having
been awarded for online advertisements   during such quarter. In addition, Nusatrip’s GMV to Agoda increased substantially
from USD 5 million in 2024 to USD 117 million in 2025. This growth was achieved by making our selling prices more competitive through
partnerships with several new suppliers who offer better rates.

Sales
and Marketing Expenses (“S&M”). We incurred S&M expenses of $43,865 and $37,071 for the three months ended September
30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024, we incurred S&M expenses of $135,330 and
$134,926, respectively. For the three months ended September 30, 2025, the increase in sales and marketing (S&M) expenses was mainly
due to the expansion of marketing strategies targeting B2B affiliate transactions.

General
and Administrative Expenses (“G&A”). We incurred G&A expenses of $1,972,196 and $205,188 for the three months
ended September 30, 2025 and 2024, respectively. During the nine months  ended September 30, 2025 and 2024, we incurred G&A
expenses of $3,304,486 and $1,255,893, respectively. The G&A is primarily consisting of the professional costs associated with costs
related to business development, the Company’s business