Company: EGG
Filing Date: 2025-04-22
Form Type: F-1/A
Source: 0001641172-25-005604
Chunk: 78

Company: ENIGMATIG LTD
Filing Date: 2025-04-22
Form: F-1/A
Chunk 78
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 2024-08 to have a material effect on its consolidated financial statements.

Except as mentioned above, we do not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on our consolidated balance sheets, statements of operations and cash flows.

| 48 |

Results of Operations

The following table sets forth a summary of our consolidated results of operations for the periods indicated. This information should be read together with our consolidated financial statements and related notes included elsewhere in this prospectus. The operating results in any period are not necessarily indicative of the results that may be expected for any future period.

|                                                                   |     | For the years ended September 30, |            |   |     |      |            |   |     |      |            |   |
|                                                                   |     |                              2022 |            |   |     | 2023 |            |   |     | 2024 |            |   |
|                                                                   |     |                               US$ |            |   |     |  US$ |            |   |     |  US$ |            |   |
| Corporate services income                                         |     |                                   |  2,821,504 |   |     |      |  4,607,006 |   |     |      |  3,967,802 |   |
| Cost of sales                                                     |     |                                   | (1,590,575 | ) |     |      | (1,472,190 | ) |     |      | (1,304,075 | ) |
| Gross profit                                                      |     |                                   |  1,230,929 |   |     |      |  3,134,816 |   |     |      |  2,663,727 |   |
| Operating expenses:                                               |     |                                   |            |   |     |      |            |   |     |      |            |   |
| Payroll and employee benefits                                     |     |                                   |   (179,335 | ) |     |      |   (770,411 | ) |     |      |   (426,445 | ) |
| Depreciation expenses                                             |     |                                   |     (3,552 | ) |     |      |     (1,748 | ) |     |      |     (5,818 | ) |
| Operating lease expenses                                          |     |                                   |   (142,626 | ) |     |      |   (115,059 |