SINGAPORE, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of safety equipment and related industrial products, today announced that it is initiating a Bitcoin treasury strategy via entering into a Standby Equity Purchase Agreement (the “SEPA”) with Constantinople Limited, a British Virgin Islands Company led by Tian Jia, an experienced Bitcoin investor, as Lead Investor, and Chen Zhiqiang, former co-founder and CTO of Tron, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 193 ...

SINGAPORE, July 31, 2025 (GLOBE NEWSWIRE) -- Rectitude Holdings Ltd (the "Company" or "Rectitude"), a Singapore-based provider of safety equipment and related industrial-grade hardware products, today announced its financial results for the full year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full Year Highlights (amounts in US$ unless otherwise noted): "Fiscal 2025 was a challenging year from an earnings perspective, but our focus on growing Rectitude's business for the long term will provide e ...

SINGAPORE, April 15, 2025 (GLOBE NEWSWIRE) -- Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of safety equipment and related industrial products, announces the award of its first sub-contract from China Construction (South Pacific) Development Co. Pte. Ltd. (“CCDC”) for the rental of its cutting-edge battery energy storage system for several projects being undertaken in Singapore. Under the rental agreement, Rectitude will supply clean power to tower cranes, ...

Core Viewpoint - Rectitude Holdings Ltd reported a revenue increase driven by strong customer demand for safety equipment, despite a decline in auxiliary product revenues, indicating a positive market response to the company's innovation efforts [3][4][7]. Financial Performance - Total revenues for the first half of fiscal 2025 were $17.2 million, an increase of 7.89% from $20.5 million in the prior year [4][7]. - Gross profit for the same period was $6.0 million, with a gross profit margin of 34.74%, down from 36.96% in the previous year [6][7]. - Net income decreased to $0.9 million, or $0.06 per diluted share, compared to $2.1 million, or $0.17 per diluted share, in the prior year [12][13]. Cost Structure - Cost of revenues increased to $11.2 million, reflecting higher procurement costs associated with customizable products and new auxiliary products [5][7]. - Selling and marketing expenses rose to $2.5 million, attributed to the opening of new branches and associated operating costs [9][7]. - General and administrative expenses increased to $3.8 million, driven by costs related to the company's initial public offering and ongoing public company expenses [11][7]. Operational Insights - The company emphasized continued investment in product development to meet evolving customer needs and expand market presence in Southeast Asia [3][15]. - Research and development expenses were $0.04 million, reflecting ongoing investment in new products [10][7]. Outlook - The company anticipates stronger growth in the second half of fiscal 2025, particularly in Energy and Power Storage Products, aiming to enhance workplace safety and expand revenue [15][16].

Core Insights - Rectitude Holdings Ltd. has successfully delivered its first batch of All-in-One Intelligence Micro-grid System (AIMS) to customers in Singapore, marking a significant milestone in the company's commitment to green energy solutions in Southeast Asia [1][3][4] Group 1: Product Launch and Revenue - The initial sale included two AIMS AST 05 systems and twelve 6800/2350B mobile power stations, generating S$450,000 in revenue [2] - The AIMS AST 05 systems were integrated into the local electrical grid and have been operating efficiently, indicating successful implementation [2] Group 2: Market Expansion and Strategy - This sale follows Rectitude's launch of new energy solutions in Thailand in December 2024, allowing the company to enter the multi-billion-dollar green energy market in Southeast Asia [3] - The successful launch of AIMS in Singapore is seen as a foundational step for continued growth across the region's sustainable energy sector [4] Group 3: Company Background - Founded in 1997 in Singapore, Rectitude is involved in providing safety equipment and related industrial products, including personal protective clothing and portable fire extinguishers [5] - The company markets its products to a wide array of distributor networks and end markets throughout Southeast Asia, including countries like Brunei, Cambodia, Malaysia, Indonesia, and Vietnam [5]

Core Insights - Rectitude Holdings Ltd. has secured its first sales contracts for the All-in-One Intelligence Micro-grid System (AIMS), expected to generate approximately USD 1 million in revenue [1][2] - The company is expanding into Thailand and aims to grow its presence across Southeast Asia, targeting the multi-billion-dollar new energy solutions market [1][6] Company Strategy - The company is actively entering the green energy market with its all-in-one energy storage solution, focusing on industries such as construction, mining, and rural electrification [2] - The initial sale of AIMS highlights the company's capability to deliver high-value, adaptable energy storage solutions while driving revenue growth and increasing profit margins [2] Product Overview - AIMS is designed to provide scalable, flexible, and integrated energy storage and management solutions tailored to diverse industries [7] - The product emphasizes innovation and sustainability, reinforcing Rectitude's position as a leading provider of safety equipment and energy solutions in Southeast Asia [7] Market Position - Rectitude has established a strategic supply relationship with Nanjing Starship Intelligent Storage Technology Co. to enhance its offerings in Southeast Asia [6] - The company markets a wide array of safety equipment and industrial products, including personal protective clothing, safety footwear, and portable fire extinguishers, across various Southeast Asian countries [8]

Core Insights - Rectitude Holdings Ltd. has entered into a memorandum of understanding with Nanjing Starship Intelligent Storage Technology Co. to provide its All-in-one Intelligence Micro-grid System, a next-generation energy storage solution aimed at transforming industrial power management [1][3] Company Overview - Founded in 1997 in Singapore, Rectitude specializes in safety equipment, including personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers, and traffic products [4] - The company also offers auxiliary products such as industrial hardware tools and electrical hardware for construction sites, with a growing market presence in Southeast Asia [4] Product Details - The AIMS is designed to manage power from multiple sources, including renewable energy and diesel generators, for both on-grid and off-grid applications [2] - Key features include intelligent energy management, dual charging circuits, and remote monitoring, which optimize energy use [2] - Benefits of the AIMS include zero-emission operation when integrated with renewable sources, significant cost savings through reduced fuel consumption, scalability for various energy needs, and reliable performance [2] Strategic Goals - The partnership with Nanjing Starship is seen as a milestone in Rectitude's long-term strategic goals to provide innovative solutions that enhance workplace safety [3] - The micro-grid system is expected to transform energy management by offering scalable, flexible, and efficient power solutions, contributing to potential revenue growth and an expanded product range [3] - As industries aim to reduce carbon footprints and energy costs, Rectitude is positioned to lead the transition to electric equipment powered by renewable energy [3]

Financial Performance - For the financial year ended March 31, 2024, the company's revenue was S$41.4 million, representing a growth of 9.9% compared to S$37.6 million in the previous year[260]. - The net profit for the financial year ended March 31, 2024, was S$3.4 million, a decrease of 14.6% from S$3.9 million in the financial year ended March 31, 2023[260]. - Total revenues increased by S$3,709,859, or 9.9%, from S$37,643,696 for the year ended March 31, 2023, to S$41,353,555 for the year ended March 31, 2024, primarily due to a 16.5% increase in the sale of safety equipment[284]. - Gross profit increased by S$2,567,851, or approximately 21.2%, from S$12,140,670 for the year ended March 31, 2023, to S$14,708,521 for the year ended March 31, 2024, with gross profit margins improving from approximately 32.2% to 35.6%[290]. Revenue Composition - The provision of safety equipment contributed to 68.9% of total revenue in the financial year ended March 31, 2024, up from 65.0% in the previous year[257]. - The company’s business in Singapore contributed 96% of the Group's revenue in the financial year ended March 31, 2024, up from 92.0% in the previous year[259]. - The sale of safety equipment increased by 42.9% from S$17.1 million in the financial year ended March 31, 2022, to S$24.5 million in the financial year ended March 31, 2023[269]. Expenses and Costs - The cost of revenue increased from S$25.5 million in the financial year ended March 31, 2023, to S$26.6 million in the financial year ended March 31, 2024[261]. - Total operating expenses increased to S$10.5 million in the financial year ended March 31, 2024, from S$7.4 million in the previous year[267]. - Selling and marketing expenses increased by S$1,318,707, or approximately 62.7%, from S$2,104,824 for the year ended March 31, 2023, to S$3,423,531 for the year ended March 31, 2024, primarily due to increased advertising and promotion expenses[292]. - General and administrative expenses increased by S$1,875,568 or approximately 36.3%, from S$5,169,398 for the year ended March 31, 2023, to S$7,044,966 for the year ended March 31, 2024, mainly due to increased staff expenses and professional fees related to IPO[298]. Cash Flow and Investments - Net cash provided by operating activities increased from S$3,607,236 in 2023 to S$4,200,037 (US$3,116,911) in 2024[308]. - Net cash used in investing activities increased to S$230,355 (US$170,949) in 2024 from S$13,165 in 2023[314]. - Capital expenditures increased to S$235,355 (US$174,660) for the year ended March 31, 2024, from S$13,551 in 2023[319]. Market Outlook - The global PPE market is projected to reach USD125 billion by 2030 from USD83 billion in 2023, with Asia Pacific leading this expansion at a robust CAGR of approximately 7%[322]. - Singapore's PPE market surged from USD137 million in 2015 to USD260 million in 2023, with a projected CAGR of 8.3%[325]. - The construction demand forecast for 2023 is projected to be between S$27 billion and S$32 billion, with the public sector expected to account for approximately 60% of this demand[331][332]. Safety and Regulatory Environment - The workplace fatality rate in Singapore increased to 1.3 per 100,000 workers in 2022, up from 1.1 in 2021, highlighting the critical need for PPE[336]. - The Ministry of Manpower aims for a 30% reduction in workplace fatal injury rates over the next decade, targeting less than 1.0 per 100,000 workers[339]. - Increased investments in PPE by employers are driven by government-led initiatives to enhance workplace safety, providing a positive outlook for the company's business[340]. Corporate Governance - The company is classified as a "foreign private issuer," allowing it to comply with home country governance requirements instead of Nasdaq standards[405]. - The company complies with Nasdaq corporate governance rules applicable to foreign private issuers while also adhering to Cayman Islands requirements[412]. - The audit committee, chaired by Mr. Fok Chee Khuen, is responsible for overseeing the integrity of financial statements and compliance with legal requirements[400]. Employment and Compensation - The company employed 107 people as of March 31, 2024, an increase from 92 employees as of March 31, 2023, indicating a growth of approximately 16.3% in workforce[417]. - For the financial year ended March 31, 2024, the company paid approximately S$1,289,435 (approximately US$956,909) in cash to Executive Directors and Executive Officers, a slight increase from S$1,281,415 in the previous year[390]. - The company has entered into employment agreements with key executives, including Zhang Jian, Chan Yong Xian, and Chan Kah Chun, effective June 1, 2023, which include annual base salaries and discretionary bonuses[391][393][394]. Shareholder Information - The total number of Ordinary Shares issued and outstanding is 14,500,000, with Zhang Jian holding 6,550,000 shares, representing 45.2% ownership[420][423]. - The company has no plans to distribute dividends currently, with future distributions dependent on various financial and operational factors[434][435]. - Voting at shareholder meetings is conducted by poll, requiring a simple majority for ordinary resolutions and two-thirds for special resolutions[445].