Magnitude International Ltd. 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
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Magnitude International Ltd. reported a significant revenue drop to S$15.36M for FY 2025, down from S$24.20M in FY 2024. Sales to its largest customer fell from S$12.6M to S$4.7M, reducing its contribution to total revenue from 52.2% to 30.6%. Revenue from the top five customers decreased from 85.5% in 2024 to 76.7% in 2025. The company faces challenges in maintaining profitability margins due to inflationary pressures and rising costs, with no specific guidance for future performance provided.
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