Half Yearly Report and Accounts

• Revenue down 61.4% to $3.89 million
• Loss of $2.35 million compared to profit of $0.88 million
• Focused on stabilizing operations and progressing key product development

Rectifier Technologies Ltd reported a 61.4% decrease in revenue to $3.89 million for the half-year ended 31 December 2025, compared to $10.08 million in the prior corresponding period. The company recorded a loss after tax of $2.35 million, compared to a profit of $0.88 million in the previous period. The loss was attributed to softer market conditions in the EV charging sector, resulting in lower shipment volumes. In response, the company implemented targeted cost management initiatives, including a decrease in employee benefits expense and raw materials and consumables used. The company continues to prioritize working capital optimization, inventory discipline and prudent expenditure management to maintain operational flexibility and financial stability. During the period, the company's subsidiary ICERT (HK) Company Limited was renamed RT Energy Global Limited, reflecting the company's evolving strategic focus within the broader energy technology sector. The company remains focused on stabilizing operations while progressing key product development initiatives, including the RT22 G3 prototypes and ongoing testing of RT21 prototypes. The company is also assessing opportunities in system integration and technical services within the clean energy sector. While near-term market conditions remain variable, particularly within the EV infrastructure segment, the company continues to engage with customers and technology partners to support future demand and diversify revenue opportunities.

The company remains focused on stabilizing operations while progressing key product development initiatives. RT22 G3 prototypes, designed to enhance cost competitiveness and operational efficiency, are expected to be available for customer validation in the second half of 2026. The company continues to prioritize inventory optimization, cost discipline and cash flow management to maintain liquidity and operational resilience. The company is also assessing opportunities in system integration and technical services within the clean energy sector, including exploration of AI-driven Energy Management Systems (EMS) for photovoltaic, storage, and charging (PSC) integrated solutions.