Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 69

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 69
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,302,648       1,763,941   
     4      Customer D           -               1,135,461       869,818     
     5      Customer E           -               975,132         746,999     
     6      Customer F           4,759,149       -               -           
     7      Customer G           898,163         -               -           
     8      Customer H           886,582         -               -           
     9      Others               3,519,633       3,571,687       2,736,086   
            Total                24,201,834      15,358,387      11,765,273  

Our
net profit after income tax was S$783,735, S$2,007,469 and S$42,980 for the twelve months ended April 30, 2023, 2024 and 2025, respectively.
The decrease in net profit for the twelve months ended April 30, 2025 was mainly attributable to lesser projects completed during the
financial year.

For
the twelve months ended April 30, 2023, we did not have any public sector projects and for the twelve months ended April 30, 2024, approximately
2.5% of our total revenue was generated from projects derived from public sector. As at April 30, 2025, approximately 23.3% of our total
revenue was generated from projects derived from public sector.

For
the financial years ended April 30, 2023 and 2024, our revenue generated from projects derived from private sectors accounted for approximately
95.7% and 92.0% of our total revenue and our revenue generated from non-projects works and services accounted for approximately 4.3%
and 5.5% of our total revenue, respectively. As at April 30, 2025, approximately 54.4% of our total revenue was generated from projects
derived from public sector and our revenue generated from non-projects works and services accounted for approximately 22.3% of our total
revenue.

Cost
of Sales

During
the twelve months ended April 30, 2023 and 2024, our Group’s cost of sales increased by S$1,156,021 or approximately 6.0% to S$20,363,812
for the twelve months ended April