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RECT

Rectitude Holdings Ltd Ordinary Shares

RECT

Rectitude Holdings Ltd Ordinary Shares • NASDAQ
$2.00 ▲ 2.04% (+0.04)
Market Cap $29.00 M
52w High $7.68
52w Low $1.79
Dividend Yield 0%
P/E 16.67
Volume 6.49K
Outstanding Shares 14.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $22.1M ▲ $6.334M ▲ $1.117M ▲ 5.054% ▲ $0.082 ▲ $1.631M ▲
Q4-2024 $15.769M ▲ $3.643M ▲ $629.021K ▼ 3.989% ▼ $0.057 ▼ $1.552M ▼
Q2-2024 $15.276M ▼ $3.128M ▼ $1.564M ▲ 10.239% ▲ $0.108 ▼ $2.547M ▲
Q4-2023 $19.149M ▲ $4.07M ▲ $1.383M ▲ 7.225% ▼ $0.111 ▲ $1.939M ▼
Q2-2023 $1.458M $-564.999K $766.109K 52.563% $0.039 $3.383M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $6.647M ▲ $43.691M ▲ $18.924M ▼ $24.768M ▲
Q2-2025 $3.971M ▲ $42.275M ▲ $18.956M ▼ $23.319M ▲
Q4-2024 $3.469M ▲ $34.209M ▲ $19.623M ▲ $8.02M ▲
Q2-2024 $1.803M ▼ $16.044M ▼ $8.894M ▼ $7.15M ▼
Q4-2023 $2.433M $28.697M $17.467M $11.23M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $1.117M ▲ $-1.497M ▼ $-7.355M ▼ $9.355M ▲ $3.971M ▲ $-1.796M ▼
Q4-2024 $959.104K ▼ $425.65K ▼ $-44.11K ▲ $-147.201K ▲ $-3.361M ▼ $381.493K ▼
Q2-2024 $1.564M ▲ $2.802M ▲ $-129.336K ▼ $-1.981M ▼ $692.259K ▲ $2.669M ▲
Q4-2023 $1.383M ▲ $1.174M ▲ $-3.474K ▲ $-929.142K ▼ $0 ▲ $1.171M ▲
Q2-2023 $766.109K $823.137K $-3.733K $-354.222K $-1.142M $819.193K

Five-Year Company Overview

Income Statement

Income Statement Revenue has been small and fairly steady, with only modest growth over the past few years. Gross profit is positive, but operating and net profit sit around break-even, suggesting thin margins and a business still in the early stages of scaling its newer initiatives. The earnings per share figures look better than the overall profit picture would suggest, which likely reflects a small share base rather than strong underlying profitability. Overall, the income statement points to a company that is covering its costs but has not yet shown clear, sustained profit expansion from either its traditional safety equipment business or its newer green energy offerings.

Balance Sheet

Balance Sheet The balance sheet is compact, reflecting a relatively small company. Total assets and equity have crept up over time, which hints at gradual growth and reinvestment. Cash has increased recently, helped by the public listing and capital-raising, while debt remains present but not dominant. The new Bitcoin treasury strategy adds a layer of financial complexity and potential volatility to the asset side of the balance sheet, which could cause swings that are unrelated to the core industrial operations. Overall, the company looks lightly capitalized, with some financial flexibility but not a large buffer if growth plans take longer or prove more costly than expected.

Cash Flow

Cash Flow Reported operating and free cash flows are essentially flat, which likely reflects small scale and possibly rounding in the disclosed numbers. That said, the lack of visible, strong positive cash generation suggests the business is not yet a cash engine in its own right and still leans on external funding, including equity issuance, to support growth and new initiatives. Capital spending appears very light so far, but that could change if the green energy and technology projects ramp up. The main cash-flow watch-points are whether new products start to generate dependable cash and how much additional funding is needed to support expansion.

Competitive Edge

Competitive Edge Rectitude has a long operating history in Singapore’s safety equipment market, with recognized in-house brands and a growing network of retail hardware stores. Its direct-to-customer presence and established relationships in Southeast Asia give it an edge over pure wholesalers and create a base of recurring customers. On top of this, the company is building a niche by combining traditional industrial safety products with energy storage and other green technologies, supported by several distribution and technology partnerships. The flip side is that the company is still relatively small compared with global industrial distributors, and it is stretching into new areas where competition, execution risk, and the need for capital are all higher.

Innovation and R&D

Innovation and R&D Innovation is a central part of Rectitude’s story. It is layering technology onto its core safety business through VR-based safety training and an AI-driven safety management system, which could help it move from a product seller to a full safety solutions provider. In green energy, the AIMS micro-grid system and related energy storage products give it exposure to the fast-growing clean power and power-rental markets. Collaborations with educational institutions and specialized technology partners help it access capabilities it might not develop on its own. The key uncertainty is how quickly these innovations translate into repeat customers, meaningful revenue, and stable margins, given that many of these offerings are still early in their commercial rollout.

Summary

Rectitude is a small, recently listed industrial distributor that is trying to evolve into a more technology- and energy-focused company. Financially, it appears to be operating around break-even with thin margins and limited cash-flow visibility, supported by a modest balance sheet and new capital from its listing and financing arrangements. Strategically, it has real strengths: an established brand in safety equipment, a direct retail footprint, and a growing portfolio of differentiated offerings in VR training, AI safety systems, and green energy storage. At the same time, it faces the typical challenges of a small, transforming company: execution risk in new markets, the need for continued investment, and added financial volatility from its Bitcoin treasury approach. How well the company can convert its innovative projects and partnerships into durable, profitable growth will be the main factor shaping its longer-term profile.

NEWS

November 10, 2025 · 8:00 AM UTC

Rectitude Holdings Explores Strategic Collaboration with Vantage Equipment & Services Pte Ltd to Advance Green Energy Expansion

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October 27, 2025 · 7:59 AM UTC

Rectitude Holdings Partners with Pansik Technology Pte Ltd. to Drive Expansion in Renewable Energy Solutions

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September 11, 2025 · 8:00 AM UTC

Rectitude Reports Green-Energy Progress Ten Months After Launch of AIMS System

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