Company: MAGH
Filing Date: 2025-05-28
Form Type: F-1
Source: 0001641172-25-012644
Chunk: 64

Company: Magnitude International Ltd
Filing Date: 2025-05-28
Form: F-1
Chunk 64
---
 | Customer    
 B           |     |  1,125,466 |     |  4,759,149 |
| 3    |     | Customer    
 C           |     |  1,029,604 |     |  1,500,712 |
| 4    |     | Customer    
 D           |     |    884,656 |     |    898,163 |
| 5    |     | Customer    
 E           |     |    602,688 |     |    886,582 |
| 6    |     | Others      |     |  2,837,317 |     |  3,519,633 |
|      |     | Total       |     | 21,861,160 |     | 24,201,834 |

Note: Customer A to Customer E is
to show the ranking and may not be the same customer.

Our net profit after income tax was S$783,735
and S$2,007,469 for the twelve months ended April 30, 2023 and 2024, respectively. The increase in net profit for the twelve months ended
April 30, 2024 was mainly attributable to higher gross margin projects completed during the financial year.

For the twelve months ended April 30,
2023, we did not have any public sector projects and for the twelve months ended April 30, 2024, approximately 2.5% of our total
revenue was generated from projects derived from public sectors. For the financial years ended April 30, 2023 and 2024, our revenue generated
from projects derived from private sectors accounted for approximately 95.7% and 92.0% of our total revenue and our revenue generated
from non-projects works and services accounted for approximately 4.3% and 5.5% of our total revenue, respectively.

Cost of Sales (exclusive of depreciation and amortization expenses)

During the twelve months ended April 30, 2023 and 2024, our Group’s cost of sales increased by S$1,156,021 or approximately 6.0% to S$20,363,812 for the twelve months ended April 30, 2024 from S$19,207,791 for the twelve months ended April 30, 2023. The cost of sales increase during the twelve months ended April 30, 2024 corresponded with the increase in revenue