Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 68

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 68
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 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Greenfield and brownfield projects                                          21,022,421       96.2      22,766,161       94.1      11,902,567       77.5  
  Ad-hoc services*                                                               838,739        3.8       1,435,673        5.9       3,455,820       22.5  
  Total                                                                       21,861,160      100.0      24,201,834      100.0      15,358,387      100.0  

*
Non-project works and services is comprised of revenue from service fees, labor cost charged, rental of machinery and equipment, transport
costs incurred, maintenance works charged, among other things.

Our
total revenue increased by S$2,340,674 or approximately 10.7% to S$24,201,834 for the twelve months ended April 30, 2024 from S$21,861,160
for the 12 months ended April 30, 2023. Such increase was mainly attributable to more projects being completed during the financial year
April 30, 2024 as compared to the financial year April 30, 2023.

  43  

Our
total revenue decreased by S$8,843,447 or approximately 36.5% to S$15,358,387 for the twelve months ended April 30, 2025 from S$24,201,834
for the 12 months ended April 30, 2024. Such decrease was mainly attributable to less projects being completed during the financial year
April 30, 2025 as compared to the financial year April 30, 2024.

The
table set with shows the list of top 5 customers for April 30, 2024 and 2025.

  S/No      Top 5 Customers                                                  
                                 SGD             SGD             USD         
 ─────────────────────────────────────────────────────────────────────────────
     1      Customer A           12,637,595      4,697,422       3,598,454   
     2      Customer B           1,500,712       2,676,037       2,049,975   
     3      Customer C           -               2