Company: NUTR
Filing Date: 2025-08-29
Form Type: 10-Q
Source: 0001641172-25-025984
Chunk: 118

Company: NUSATRIP Inc
Filing Date: 2025-08-29
Form: 10-Q
Item: Item 8
Chunk 118
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 hotel reservations decreased to 0.15% in 2025 (from 1.12% in 2024), and ancillary sales
decreased to 0.39% in 2025 (from 3.55% in 2024). Revenue from software subscriptions, which contributed 0.87% in 2024, was nil in 2025
as those services were discontinued.

The
increase in revenue for the three and six months periods was mainly driven by higher sales from domestic airlines, particularly Lion
Air. In addition, Nusatrip’s Gross Merchandise Value (GMV) to Agoda increased substantially from USD 5 million in 2024 to USD 117
million in 2025. This growth was achieved by making our selling prices more competitive through partnerships with several new suppliers
who offer better rates.

41

Cost
of Revenue. For the three and six months ended June 30, 2025, our cost of revenue in respect of software subscription decreased by
$4,137 and $12,190 or 100% to $0, as compared with $4,137 and $12,190 for the three months ended June 30, 2024. The decrease in cost
of software subscription is in line with revenue. No cost of revenue of online advertising revenue was recorded as online advertisement
is shown on our ready/ongoing website and mobile Apps that is not subject to significant direct cost but general IT maintenance cost
which recorded in General and Administrative Expenses.

For
the three and six months ended June 30, 2024, there is no vendor accounts for 10% or more of the Company’s cost of revenue as at
period-end dates.

Gross
Income. We recorded a gross income of $993,041 and $169,363 for the three months ended June 30, 2025 and 2024, respectively. During
the six months ended June 30, 2025 and 2024, we recorded a gross income of $1,276,198 and $702,075, respectively. The gross income is
due to increased gross income from revenue from online ticketing and digital marketing. Gross income margin was 100% and of 97.62% for
the three months ended June 30, 2025 and 2024, respectively. During the six months ended June 30, 2025 and 2024, our gross income margin
was 100%