Company: EGG
Filing Date: 2025-03-28
Form Type: F-1
Source: 0001641172-25-001072
Chunk: 70

Company: ENIGMATIG LTD
Filing Date: 2025-03-28
Form: F-1
Chunk 70
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 2024 |           |
|                              |     |                               US$ |           |     |  US$ |           |     |  US$ |           |
| Cost of sales                |     |                                   |           |     |      |           |     |      |           |
| Payroll                      |     |                                   |   606,079 |     |      |   425,284 |     |      |   447,308 |
| Third party professional fee |     |                                   |   684,296 |     |      |   347,535 |     |      |   394,854 |
| Commission fee               |     |                                   |     8,674 |     |      |   419,376 |     |      |   178,356 |
| Client operation cost        |     |                                   |   257,566 |     |      |   241,302 |     |      |   281,614 |
| Government fee               |     |                                   |    33,960 |     |      |    38,693 |     |      |     1,943 |
| Total                        |     |                                   | 1,590,575 |     |      | 1,472,190 |     |      | 1,304,075 |

Gross profit and gross profit margin

In Fiscal 2022, Fiscal 2023 Fiscal 2024, our gross profit was US$1,230,929, US$3,134,816 and US$2,663,727, respectively. Our overall gross profit margin was 43.6%, 68.0%, and 67.1%, respectively, for the same periods.

Our gross profit and gross profit margin are primarily affected by total amount of corporate services income, pricing of our services, and fluctuation in price of certain components of our cost of sales, particularly cost of third-party services we use and staff cost.

| 43 |

Operating Expenses

Our operating expenses include payroll and employee benefits, depreciation expenses, operating lease expenses and other operating expenses. The following table sets forth components of our operating expenses for the periods indicated:

|                               |     | For the years ended September 30, |           |     |      |           |     |      |           |
|                               |     |                              2022 |           |     | 2023 |           |     | 2024 |           |
|                               |     |                               US$ |           |