Rectitude FY2026 Net Income Soars 67% to $2.78M on 22% Revenue Jump
RECT sits 23% above its 52-week low of $0.958 on light trading volume (0.3× avg).
Summary
Rectitude reported FY2026 revenue of $39.74M, up 22%, with net income surging 67% to $2.78M ($0.19 EPS). EBITDA rose 61% to $5.47M. Gross margin compressed 148 bps to 32.17% on competitive pricing, but cost controls and operating leverage drove the bottom-line beat. The results follow a 20-F filing earlier today that disclosed S$51.3M revenue and S$3.6M net profit; this release provides the US$ translation and management's commentary on strong Singapore construction demand and AIMS green energy orders. The company's market cap is only ~$16M, so the earnings growth is material relative to its size. Watch for sustained margin pressure if competitive dynamics persist.
At the time of this announcement, RECT was trading at $1.18 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $16M. The 52-week trading range was $0.96 to $4.98. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.