Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 137

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 137
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     | (3,179,140 | ) |     |      114.9 |
| Operating loss                 |     |                           (2,776,315 | ) |     |      156.3 |     | (2,427,399 | ) |     |       87.7 |
| Finance cost                   |     |                             (513,158 | ) |     |       28.9 |     |   (414,799 | ) |     |       15.0 |
| Loss before income tax expense |     |                           (3,289,473 | ) |     |      185.2 |     | (2,842,198 | ) |     |      102.7 |
| Income tax expenses            |     |                                    — |   |     |          — |     |    (71,596 | ) |     |        2.6 |
| Loss for the financial year    |     |                           (3,289,473 | ) |     |      185.2 |     | (2,913,794 | ) |     |      105.3 |

Period Ended October 31, 2024 Compared to Period Ended October 31, 2023 Revenues Total revenues decreased by 35.8% from US$2.8 million for the period ended October 31, 2023 to US$1.8 million for the year ended October 31, 2024. This decrease was primarily due to the fact that the delivery of the AGV projects tends to be cyclical and significantly more of AGV revenue is taken up in the second half of FY25. We have done a current assessment of the full year FY25 AGV revenue and found it is higher as compared to FY24. There were also some sales loss during transition from old to new models’ introduction to the market. Service and maintenance— Revenue from service and maintenance decreased by approximately US$0.8 million, or 33.9%, from approximately US$2.3 million for the year ended October 31, 2023, to approximately US$1.5 million for the year ended October 31, 2024, which was due to lower number of contracts serviced during this period.

83 Sales of robots — Sales of robots slightly decreased by US$192,697, or 48.9%, from approximately US$0.4 million for the period ended October 31, 2023, to approximately US$0.