Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 75

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 75
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,
on June 3, 2024 and October 30, 2024, respectively. As of April 30, 2025, all such dividends had been paid.

On November 18, 2024, Herlin declared an interim tax exempt (one-tier)
dividend of S$1.1 million to Mr. Lim. As of the date of this Annual Report, S$500,000 has been paid and S$600,000 remains outstanding
and payable. The outstanding dividend payable is considered a short term liability, though the Company does not expect to repay it in
the next 12 months.

In
assessing our liquidity, we believe that our current cash and cash flows provided by operating activities and guaranteed loans from banks,
will be sufficient to meet our working capital requirements and debt obligations in the 12 months following the date on which our audited
financial statements are issued.

Our
liquidity and working capital requirements have primarily related to our operating expenses. Historically, we have met our working capital
and other liquidity requirements primarily through a combination of cash generated from our operations and loans from banking facilities.
Going forward, we expect to fund our working capital and other liquidity requirements from various sources, including but not limited
to cash generated from our operations, loans from banking facilities, the net proceeds from the IPO and other equity and debt financing
as and when appropriate.

Beyond
the 12 months following the date on which our audited financial statements are issued, we expect that our projected cash flows provided
from operating activities and guaranteed loans from banks will be sufficient to meet our working capital requirements and debt obligations.

However,
if we experience an adverse operating environment or incur unanticipated capital expenditures, or if we decided to accelerate our growth,
then additional financing may be required. No assurance can be provided, however, that additional financing, if required, would be available
at all or on favorable terms. Such financing may include the use of additional debt or the sale of additional equity securities. Any
financing which involves the sale of equity securities or instruments that are convertible into equity securities could result in immediate
and possibly significant dilution to our existing shareholders.

Cash
Flows Analysis

Cash flows for the financial years ended April 30, 2023, 2024 and 2025

The
following table sets forth a summary of our cash flows for the periods indicated.

                                                              Financial Years ended April 30,                                                
                                                              2023                                                                           
                                                              S$                                                                             
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