<a href="https://laohu8.com/S/MAGH">Magnitude International Ltd</a>. Reports Significant Drop in Revenue to S$15.36M for FY 2025, Down from S$24.20M in FY 2024; Gross Profit Falls to S$2.37M
Magnitude International Ltd., a mechanical and electrical engineering service provider, released its annual report for the fiscal year ending April 30, 2025. The company reported a decline in sales to its largest customer, with sales amounting to 4.7 million SGD in 2025, down from 12.6 million SGD in 2024. This represents a decrease from 52.2% to 30.6% of the company's total revenue year-on-year. The company's revenue from its top five customers comprised approximately 76.7% of the total revenue in 2025, down from 85.5% in 2024 and 87.9% in 2023. Inflationary pressures, including increased costs for materials, subcontracting, and project-related expenses, could impact future profitability. The company noted that maintaining current profitability margins could be challenging if revenues do not increase in line with rising costs. The report did not provide specific guidance or outlook for future performance.
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