Key points
- Revenues down 44.3% to $8,160,569
- Loss before tax increased by 785.3% to $(6,123,553)
- Loss after tax up 555.6% to $(5,138,843)
- No dividends declared
- Cost-management initiatives implemented
Full summary
Rectifier Technologies Ltd reported a 44.3% decrease in revenues to $8,160,569 for the year ended June 30, 2026, primarily due to lower shipment volumes of EV charging products. The company recorded a loss before income tax of $6,123,553, a 785.3% increase from the previous year, and a loss after tax of $5,138,843, a 555.6% increase. The loss was partly due to a provision of $5.6 million for slow-moving and obsolete inventory. The company did not declare any dividends and is focusing on cost management, working capital, inventory control, and potential new product development.
Outlook
The company is evaluating improvements to its existing product portfolio and potential new products to diversify its offering and support longer-term strategic priorities.