$MAGH

Magnitude International Ltd

CIK:0002046117|SEC Filings

Consolidated Statements of Profit or Loss and Other Comprehensive Income

12 Months Ended

Apr. 30, 2026

USD ($)

$ / shares

Apr. 30, 2026

SGD ($)

$ / shares

Apr. 30, 2025

SGD ($)

$ / shares

Apr. 30, 2024

SGD ($)

$ / shares

Profit or loss [abstract]

Revenue

$ 14,955,688

$ 19,050,555

$ 15,358,387

$ 24,201,834

Cost of sales

(13,392,674)

(17,059,588)

(12,984,181)

(20,363,812)

Gross profit

1,563,014

1,990,967

2,374,206

3,838,022

Distribution costs

(146,447)

(186,544)

(88,620)

(136,937)

Administrative expenses

(3,149,675)

(4,012,056)

(2,209,636)

(1,568,925)

Impairment loss on financial assets

(5,372)

(6,843)

(5,087)

(89,367)

Operating Expenses

(3,301,494)

(4,205,443)

(2,303,343)

(1,795,229)

Income from operations

(1,738,480)

(2,214,476)

70,863

2,042,793

Finance costs

(112,311)

(143,062)

(90,715)

(68,167)

Other income

218,226

277,976

44,781

49,872

Other expenses

(1,176)

Other income (expenses)

105,915

134,914

(45,934)

(19,471)

Profit before income tax

(1,632,565)

(2,079,562)

24,929

2,023,322

Income tax expense

(199,014)

(253,504)

18,051

(15,853)

Total Profit/(Loss)

(1,831,579)

(2,333,066)

42,980

2,007,469

Other comprehensive income:

Exchange differences on translating foreign operations

24,117

30,720

6,978

1,905

Total comprehensive income/(loss)

(1,807,462)

(2,302,346)

49,958

2,009,374

Profit/(Loss) attributable to:

Owners of the company

(1,831,579)

(2,333,066)

42,980

2,007,469

Non-controlling interest

Profit (loss)

(1,831,579)

(2,333,066)

42,980

2,007,469

Total comprehensive income/(loss) attributable to:

Owners of the company

(1,807,462)

(2,302,346)

49,958

2,009,374

Non-controlling interest

Comprehensive income

$ (1,807,462)

$ (2,302,346)

$ 49,958

$ 2,009,374

Basic earnings per share | (per share)

^[1]

$ (0.05)

$ (0.07)

$ 0.001

$ 0.06

Diluted earnings per share | (per share)

^[1]

$ (0.05)

$ (0.07)

$ 0.001

$ 0.06

Weighted average number of ordinary shares used in computing basic earnings

^[1]

34,525,342

33,350,000

Weighted average number of ordinary shares used in computing diluted earnings

^[1]

34,525,342

33,350,000

[1]	Giving retroactive effect to reflect the reorganization and issuance of ordinary shares which are detailed in Note 1.

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Apr. 30, 2026 USD ($)	Apr. 30, 2026 SGD ($)	Apr. 30, 2025 SGD ($)	Apr. 30, 2024 SGD ($)
Cash flows from operating activities
Profit/(Loss) before income tax	$ (1,632,565)	$ (2,079,562)	$ 24,929	$ 2,023,322
Adjustments for:
Fair value changes on financial assets at fair value through profit or loss	(15,049)	(19,169)	(18,358)	(7,280)
Unrealized foreign exchange difference	32,231	41,053	24,265	(413)
Depreciation of property, plant and equipment	43,865	55,875	85,684	102,990
Gain on disposal of plant and equipment			(2,631)
Insurance premium charged to profit or loss				64,412
Finance costs	112,311	143,062	90,715	68,167
Interest income	(80,468)	(102,500)
Allowance for expected credit losses for trade and other receivables and contract assets	5,372	6,843	5,087	89,367
Reversal of onerous losses recognized on construction projects				(130,343)
Operating cash flows before working capital changes	(1,534,303)	(1,954,398)	209,691	2,210,222
Changes in working capital:
Contract assets	(1,294,741)	(1,649,241)	(788,615)	(848,332)
Trade and other receivables	(1,434,472)	(1,827,230)	342,515	2,103,078
Trade and other payables	1,996,255	2,542,829	(199,163)	(2,295,686)
Contract liabilities	910,320	1,159,566	(428,654)	(497,620)
Cash generated from/(used in) operations	(1,356,941)	(1,728,474)	(864,226)	671,662
Income tax paid	(144,567)	(184,149)	(61,815)	(61,845)
Net cash generated from/(used in) operating activities	(1,501,508)	(1,912,623)	(926,041)	609,817
Cash flows from investing activities
Purchase of property, plant and equipment	(22,668)	(28,874)	(19,472)	(31,381)
Proceeds from disposal of plant and equipment			4,000
Purchase of keyman life's insurance				(92,177)
Loans to third parties	(1,400,000)	(1,783,320)
Net cash used in investing activities	(1,422,668)	(1,812,194)	(15,472)	(123,558)
Cash flows from financing activities
Payment of initial public offering costs	(290,808)	(370,432)	(437,290)
Repayment of bank borrowings	(1,495,692)	(1,905,212)	(546,861)	(399,174)
Proceeds from bank borrowings			1,181,568	400,000
Repayment of lease liabilities	(37,377)	(47,611)	(36,587)	(31,906)
Proceeds from issuance of ordinary shares in a subsidiary under common control			200,000	250,000
Proceeds from issuance of IPO shares	5,884,820	7,496,084
Amount due to a director	(367,431)	(468,033)	472,113
Dividends paid	(471,032)	(600,000)	(1,000,000)	(450,000)
Net cash (used in)/generated from financing activities	3,222,480	4,104,796	(167,057)	(231,080)
Net change in cash and cash equivalents	298,304	379,979	(1,108,570)	255,179
Cash and cash equivalents at beginning of year	596,554	759,891	1,868,461	1,613,282
Cash and cash equivalents at end of year	$ 894,858	$ 1,139,870	$ 759,891	$ 1,868,461

Consolidated Statements of Financial Position	Apr. 30, 2026 USD ($)	Apr. 30, 2026 SGD ($)	Apr. 30, 2025 SGD ($)
Non-current assets
Property, plant and equipment	$ 509,571	$ 649,091	$ 605,554
Financial assets at fair value through profit or loss	353,747	450,603	440,888
Total non-current assets	863,318	1,099,694	1,046,442
Current assets
Deferred IPO costs			1,049,720
Trade and other receivables	2,571,996	3,276,209	1,457,596
Loans to third parties	1,479,778	1,884,941
Contract assets	4,564,004	5,813,629	4,192,619
Cash and cash equivalents	894,858	1,139,870	759,891
Total current assets	9,510,636	12,114,649	7,459,826
Total assets	10,373,954	13,214,343	8,506,268
Equity attributable to owners of the Company
Share capital	896	1,141	1,088
Share premium	5,299,230	6,750,161	85,497
Merger reserve	942,062	1,199,999	1,199,999
Foreign currency translation reserve	28,700	36,558	5,838
Other reserve	(1,449,806)	(1,846,763)	(1,846,763)
Retained earnings	(925,718)	(1,179,180)	1,153,886
Total equity attributable to owners of the Company	3,895,364	4,961,916	599,545
Non-current liabilities
Borrowings	1,227,884	1,564,078	1,835,882
Deferred tax liabilities			68,224
Total non-current liabilities	1,227,884	1,564,078	1,904,106
Current liabilities
Borrowings	369,052	470,099	500,982
Trade and other payables	3,751,650	4,778,851	5,329,376
Contract liabilities	1,030,522	1,312,679	153,113
Income tax payable	99,482	126,720	19,146
Total current liabilities	5,250,706	6,688,349	6,002,617
Total liabilities	6,478,590	8,252,427	7,906,723
Total equity and liabilities	$ 10,373,954	$ 13,214,343	$ 8,506,268