Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 65

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 5
Chunk 65
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ITEM
5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated
financial statements and related notes included elsewhere in this Annual Report. This discussion and analysis and other parts of this
Annual Report contain forward-looking statements based upon current beliefs, plans and expectations that involve risks, uncertainties
and assumptions. Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking
statements as a result of several factors, including those set forth under “ Risk Factors” and elsewhere in this Annual Report.
You should carefully read the “ Risk Factors” section of this Annual Report in Item 3 to gain an understanding of the important
factors that could cause actual results to differ materially from our forward-looking statements.

As
used in this Report, references to “ Company,” “we,” “us,” and “our” refer to Magnitude
International Ltd and its consolidated subsidiaries, unless the context requires otherwise.

This
discussion is intended to provide the reader with information that will assist in understanding our financial statements, the changes
in certain key items in those financial statements from period to period, and the primary factors that accounted for those changes, how
operating results affect our financial condition and results of our operations of the Company as a whole, and how certain accounting
principles and estimates affect our financial statements.

Overview

We
are a mechanical and electrical engineering service provider that specializes in electrical works in Singapore and we have participated
in numerous private and public sectors green field and brown field projects, mainly involving residential or mixed development type properties.
We were founded in 2012 by Mr. Lim, our Chief Executive Officer. Our Executive Officers, including Mr. Lim, Mr. Sam, Mr. Sim Zhong Min,
or Mr. Sim, and Mr. Loh Tuck Wei, or Mr. Loh, have over 31, 23, 19 and 27 of experience in the field, respectively. As of April 30, 2025,
we were equipped with a fleet of 1 vehicle and a staff over 64.

For
the financial year ended April 30, 2023, our net revenue amounted to S$21,861,160 of which the total revenue from greenfield and brownfield
projects, and ad-hoc services accounted for S$21,022,421 and S$838,739, respectively.

For
the financial year