Company: MAGH
Filing Date: 2025-07-18
Form Type: F-1/A
Source: 0001641172-25-020173
Chunk: 70

Company: Magnitude International Ltd
Filing Date: 2025-07-18
Form: F-1/A
Chunk 70
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% of our total revenue, respectively.

Cost of Sales exclusive of depreciation and amortization expenses

During the six months ended October 31, 2023 and 2024, our Group’s cost of sales decreased by S$5,600,338 or approximately 47.9% to S$6,083,081 for the six months ended October 31, 2024 from S$11,683,419 for the six months ended October 31, 2023. The cost of sales decrease during the six months ended October 31, 2024 corresponded with the decrease in revenue as lesser projects were constructed and/or completed.

| 53 |

Distribution Costs

Our distribution costs are comprised mainly of advertisement expenses, local transportation expenses, entertainment expenses, gifts and donations, subscriptions and memberships and sponsorships. The following table sets forth the breakdown of our selling and distribution expenses for the six months ended October 31, 2023 and 2024:

|                           |     | For the Six Months Ended October 31, |        |     |   |       |     |      |        |     |   |       |
|                           |     |                                 2023 |        |     |   |       |     | 2024 |        |     |   |       |
|                           |     |                                   S$ |        |     | % |       |     |   S$ |        |     | % |       |
| Advertisement expenses    |     |                                      |      - |     |   |     - |     |      |  1,467 |     |   |   2.6 |
| Entertainment             |     |                                      |  5,550 |     |   |   8.4 |     |      | 14,131 |     |   |  25.0 |
| Gifts & Donations         |     |                                      |  8,000 |     |   |  12.1 |     |      |  3,989 |     |   |   7.1 |
| Subscriptions/Memberships |     |                                      |  5,619 |     |   |   8.5 |     |      |  2,000 |     |   |   3.5 |
| Sponsorships              |     |                                      |      - |     |   |     - |     |      |  8,948 |     |   |  15.9 |
| Transportation