Company: MAGH
Filing Date: 2025-06-25
Form Type: F-1/A
Source: 0001641172-25-016431
Chunk: 63

Company: Magnitude International Ltd
Filing Date: 2025-06-25
Form: F-1/A
Chunk 63
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 BCA under the ME05 (Electrical Engineering) (of which 27 are of Grade L3 and 144         
 are of Grade L5), similar to the operating subsidiaries of the Group. The industry players        
 generally will compete against each other on market position, industry reputation, track          
 record, financial standing and relationship with main-contractors and project owners. Some        
 competitors have more manpower and resources, more qualifications that entitle them to provide    
 a wider scope of building solution services, longer operating histories, more financial strength, 
 stronger relationships with clients and owners and more established brand names and market        
 recognition than us. When we price our quotations/tenders or fix price contracts with our         
 clients and owners, we may face keen competition and significant downward pricing pressure,       
 thereby reducing our profit margins, which will have an adverse effect on our profitability       
 and results of operations.                                                                        |

| ● | Delay                                                                                             
 in completion of long-term projects – Completion of long-term projects can be delayed             
 due to reasons such as poor planning and inefficient execution by the project team. Delay         
 may result in cost overrun due to extended labor expenses, prolonged equipment rentals, increased 
 administrative overhead, and fluctuations in costs. The cost overrun will result in the actual    
 cost of the project to exceed the initially budgeted estimates used to bid on project during      
 the tender process.                                                                               |

| ● | Inflation                                                                                     
 risk – Inflationary factors including increased costs associated with higher material         
 costs, subcontracting costs, project related employee benefits expenses and miscellaneous     
 project expenses could have a material adverse effect on our operating results. A high rate   
 of inflation in future may impair our ability to maintain current levels of gross and net     
 profitability margins and operating expenses as a percentage of sales revenue if the revenues 
 do not correspondingly increase with such increased costs.                                    |

| 47 |

Description and Analysis of Principal Components of Our Results of Operations

The following discussion is based on our Group’s historical results of operations and may not be indicative of our Group’s future operating performance.

Results of Operations

Comparison for the Financial Years Ended April 30, 2023 and 2024

The following table sets forth a summary of our consolidated results of operations for the periods indicated:

|                                     |     | Financial Years 
 Ended April 30, |             |   |     |      |             |   |
|                                     |     |            2023 |             |   |     | 2024 |             |   |
|                                     |     |              S