Rectifier Technologies Ltd reported a 61% plunge in revenue for H1 2026, resulting in a $2.35 million loss amid a softening EV charging market. The company is pushing forward with new product prototypes and exploring clean energy opportunities.
- 61.4% revenue decline to $3.89 million in H1 2026
- Loss after tax of $2.35 million compared to prior profit
- Cost-cutting reduced employee and raw material expenses
- Subsidiary renamed to RT Energy Global Limited reflecting strategic shift
- New EV charging prototypes expected for customer validation in H2 2026
Challenging Market Conditions
Rectifier Technologies Ltd has revealed a significant downturn in its half-year financial results for the period ending 31 December 2025. Revenues tumbled by 61.4% to $3.89 million, a sharp contrast to the $10.08 million recorded in the previous corresponding period. This steep decline was driven primarily by softer market conditions in the electric vehicle (EV) charging sector, which led to reduced shipment volumes and disrupted customer order timing.
The company consequently posted a loss after tax of $2.35 million, reversing a profit of $882,868 from the prior year. This marks a notable setback for the manufacturer of high-efficiency power rectifiers and specialised electronic components, underscoring the volatility in the EV infrastructure market.
Operational Response and Cost Management
In response to the revenue contraction, Rectifier Technologies implemented targeted cost management initiatives. Employee benefits expenses fell by nearly 30%, from $3.21 million to $2.26 million, reflecting organisational adjustments and efficiency drives. Raw material costs also decreased substantially, in line with lower production volumes.
The company emphasised its focus on working capital optimisation and inventory discipline to maintain financial stability. Despite the challenging environment, Rectifier Technologies maintained a strong liquidity position with over $5.5 million in cash and net current assets close to $9.9 million, supporting ongoing operations and strategic initiatives.
Strategic Realignment and Product Development
During the period, the company’s subsidiary ICERT (HK) Company Limited was renamed RT Energy Global Limited, signalling a strategic pivot towards broader energy technology markets. This rebranding aligns with the group’s international activities spanning EV charging, power modules, and renewable energy integration.
On the product front, Rectifier Technologies is advancing its next-generation EV charging solutions. The RT21 prototypes were delivered to customers in May 2025, with ongoing testing and customer engagement for potential volume production. The RT22 G3 prototypes, designed to improve cost competitiveness and operational efficiency, are slated for customer validation in the second half of 2026.
Looking Ahead
The company is also exploring opportunities in clean energy system integration, including AI-driven Energy Management Systems for photovoltaic, storage, and charging solutions. While near-term market conditions remain uncertain, Rectifier Technologies is prioritising operational efficiency, cash flow management, and selective automation to enhance margins as activity levels recover.
With no dividends declared and an unqualified audit review, the company appears focused on stabilising its business and positioning itself for the evolving energy transition landscape.
Bottom Line?
Rectifier Technologies’ next challenge will be translating its product development efforts into revenue growth amid a still-volatile EV market.
Questions in the middle?
- How will customer validation of RT22 G3 prototypes impact future production volumes?
- What is the timeline and scale for the company’s expansion into AI-driven energy management systems?
- How sustainable are the current cost-cutting measures if market softness persists?