Rectitude Announces Strong Fiscal 2026 First Half Financial Results

Consolidated sales increased 10.76% to a semi-annual record of S$24.5 million;

Net income and EBITDA increased 135.84% and 61.54%, respectively

SINGAPORE, March 20, 2026 - Rectitude Holdings Ltd (the "Company" or "Rectitude"), a Singapore-based provider of safety equipment and related industrial-grade hardware products, today announced its unaudited financial results for the six months ended September 30, 2025.

• Revenues for the first six months of fiscal 2026 were $19.0 million. Revenues in Singapore Dollars, increased 10.76% to S$24.5 million, from S$22.1 million in the prior-year period. Revenue growth was driven by a S$2.4 million increase in auxiliary product and safety equipment sales, including the expansion of AIMS rentals and machinery supply, along with increased demand from new construction projects and safety equipment.
• Gross profit increased to S$8.1 million, from S$7.7 million in the prior-year period. The increase was primarily due to increased sales volume and improved efficiencies.
• Gross profit margin decreased to 33.0% of revenue, from 34.7% of revenue in the prior-year period. Gross profit margin declined as increased sales volumes were offset by competitive pricing pressures and market-driven adjustments to our average selling prices.
• Selling and marketing expenses in Singapore Dollars, were consistent with the prior-year period at S$2.5 million. The slight increase in costs was primarily attributed to the operating expenses of a single new branch that opened during the period.
• General and administrative expenses in Singapore Dollars, decreased by S$1.0 million to S$2.8 million. This reduction reflects a return to normalized spending levels following the significant one-off IPO-related costs incurred in the prior-year period.
• Net income was $2.0 million, or $0.14 per diluted share, for the fiscal first half ended September 30, 2025. In Singapore Dollars, net income was S$2.6 million, or S$0.18 per diluted share, for the fiscal first half ended September 30, 2025, compared to net income of S$1.1 million, or S$0.08 per diluted share, for the fiscal first half ended September 30, 2024.
• EBITDA for the fiscal first half ended September 30, 2025, was $3.3 million. In Singapore Dollars, EBITDA increased to S$4.2 million, compared to S$2.6 million in the prior year period.

"Our strong performance for the first six months of the fiscal year demonstrates sustained momentum across each of our segments and the value we deliver to customers. Record-high total revenue and net income were driven by robust customer demand and continued gains in market share. Our core safety equipment business remains stable and resilient, providing a solid foundation for sustainable growth," said Mr. Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude. "Our Green Energy and Power Storage segment has delivered encouraging results. Since launching our AIMS products in November 2024, we have successfully secured AIMS sales and rental contracts and commenced generating recurring rental income. We have also expanded our overseas customer base through the sale of green energy batteries to Malaysia and Thailand. In addition, we have begun generating revenue from our pre-announced central business platform, which is designed to support first-generation owners of traditional businesses who may be approaching retirement without succession plans. This initiative reflects our commitment to innovation while addressing real market needs. With diversified revenue streams, a strong core business, and growing contributions from our newer segments, we remain highly optimistic about the opportunities ahead and are confident in our ability to further strengthen our leadership position in the industry."

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