• Revenue up 39.3% to $10.08 million
• Profit after tax up 141.9% to $882,868
• Successful implementation of ERP system enhances operational transparency

Rectifier Technologies Ltd reported a strong turnaround in its financial performance for the half-year ended 31 December 2024. The company's revenue increased by 39.3% to $10,078,355, up from $7,234,646 in the previous reporting period. Profit after tax attributable to the owners of Rectifier Technologies Ltd was $882,868, a significant improvement from the loss of $2,107,839 in the prior half-year. The company attributed the improved financial results to consistent profitability during the first half of the current financial year, despite a temporary slowdown due to delays in constructing EV charger infrastructure. The company remains optimistic about the market recovery and is confident that its new customer leadership team will honor current open orders. Rectifier Technologies has also focused on enhancing its manufacturing processes, improving efficiency, quality, and production capacity. The successful implementation of an ERP system across the group has transformed the company's operational transparency, enabling management to make faster, data-driven decisions to drive continuous improvement. The company continues to explore opportunities in the E-Mobility sector, Battery and Energy Management Systems, and potential projects in Southeast Asia, while evaluating the expansion of its business into system solutions through proprietary innovations and partnerships.

The company expects to have RT22 G3 prototypes to reduce product costs ready for customer validation by the end of Q1 2025, with full-scale production planned for Q3 2025. Additionally, the company's 48V prototypes for the RT21 High-Voltage Input Rectifier are expected to be ready for customer validation by March 2025, with volume production planned to commence in Q2 2025.

Rectifier Technologies Ltd will continue developing next-generation EV charging modules with higher power density, greater efficiency, and improved reliability in a cost-effective manner. The company's manufacturing strategy focuses on efficiency, capacity expansion, and quality enhancement, with key initiatives being implemented to strengthen operations and drive sustainable growth, including expanding subcontracting and strategic investments in automation.