Magnitude International turns to FY26 net loss of S$2.33 million; revenue rises 24% to S$19.05 million - MAGH News | RalliesMagnitude International turns to FY26 net loss of S$2.33 million; revenue rises 24% to S$19.05 million
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MAGH• FY26 results
- Magnitude International posted revenue of S$19.05 million for the fiscal year ended April 30, 2026, up 24%.
- Net results swung to a loss of S$2.33 million, versus a profit of S$42,980 a year earlier.
- Operating results turned to a loss of S$2.21 million, from operating income of S$70,863.
- Administrative expenses rose 81.6% to S$4.01 million; the increase was primarily linked to S$1.79 million in post-IPO advisory fees.
- Other income climbed to S$277,976 from S$44,781; the increase was primarily attributed to interest income recognized during the year.
