Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 122

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 122
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   |       |
|:-----------------------|:----|:--------------------------------|----------:|:----|:--|------:|:----|:----|----------:|:----|:--|------:|
|                        |     | US$                             |           |     | % |       |     | US$ |           |     | % |       |
| Cost of revenues       |     |                                 |           |     |   |       |     |     |           |     |   |       |
| Cost of goods sold     |     |                                 |   629,620 |     |   |  17.5 |     |     |   594,984 |     |   |  17.2 |
| Clinic costs           |     |                                 | 2,976,861 |     |   |  82.5 |     |     | 2,859,384 |     |   |  82.8 |
| Total cost of revenues |     |                                 | 3,606,481 |     |   | 100.0 |     |     | 3,454,368 |     |   | 100.0 |

Cost of goods sold.Cost
of goods sold primarily consisted of purchase and direct cost for IVF treatment services and surrogacy and ancillary caring services.
NewGenIvf’s cost of goods was mostly recognized during the provision of IVF treatment services.

Clinic costs.Clinic
costs primarily consisted of sub-contracting charges, office supplies and staff salaries and bonus. The largest portion of clinic costs
was sub-contracting charges, representing fees paid to agents who recruited surrogate mothers and assisted in the documentation, consulting
and medical treatment arrangement throughout treatment procedure. NewGenIvf’s clinic costs of goods were mostly recognized during
the provision of surrogacy services.

Gross profit and gross margin

The following table sets
forth NewGenIvf’s gross profit in absolute amounts for the periods indicated.

|              |     | For the Six Months Ended 
                 June 30, |         |     |      |         |
|              |     |                     2025 |         |     | 2024 |         |
|              |     |                      US$ |         |     |  US$ |         |
| Gross profit |     |                          | 313,804 |     |      | 638,932 |

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The following table sets