Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 127

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 127
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4,761,222 (FY23: US$4,582,837) respectively due to increased Sales team member hired and deployed and Sales/Distribution channels established, coupled with increased marketing activity and expenditure.

| Revenue      |     |     AMR |     |       AGV |     |  Other |     |     Total |
| Oct 31, 2024 |     | 152,299 |     | 1,623,684 |     |      — |     | 1,775,983 |
| Oct 31, 2023 |     | 156,030 |     | 2,575,108 |     | 36,699 |     | 2,767,837 |

Revenue contribution from AGV decreased to US$1,623,684 (Oct 23: US$2,575,108) is largely 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. Revenue — Geographical segments Geographical segments are analysed by three principal geographical areas, namely Asia Pacific, Europe, and North America. In presenting information on the geographical segments, revenue is based on the location of customers regardless of where the goods are shipped to.

| Revenue |     |      Asia 
   Pacific |     |    Europe |     |   North 
 America |     |     Total |
| 2024    |     | 2,954,960 |     | 1,954,769 |     | 378,600 |     | 5,288,329 |
| 2023    |     | 2,850,835 |     | 2,245,805 |     |  14,500 |     | 5,111,140 |

Revenue contribution from Asia Pacific and North America increased to US$2,954,960 (FY23: US$2,850,835) and US$378,600 (FY23: US$14,500) respectively due to increased Sales team member hired and deployed and Sales/Distribution channels established, coupled with increased marketing activity and expenditure. Revenue contribution from Europe instead dropped to US$1,954,769 (FY23: US$2,245,805) as the demand dropped in tandem with the escalating energy cost arising from the war in Ukraine.