Rectitude Holdings Ltd Announces Full-Year Financial Results for the Fiscal Year Ended March 31, 2026

SINGAPORE, July 30, 2026 (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 fiscal year ended March 31, 2026.

Fiscal Year ended March 31, 2026, Full Year Highlights (amounts in US$): * Revenues for the fiscal year ended March 31, 2026, increased 21.99%. * Gross profit margin decreased to 32.17% of revenue, down 148 basis points. * Selling and marketing expenses increased $560,001. * Research and development expenses decreased to nil. * General and administrative expenses decreased $265,065. * Net income was $2.78 million, or $0.19 per diluted share, for the fiscal ended March 31, 2026, compared to net income of $1.66 million, or $0.12 per diluted share, for the fiscal year ended March 31, 2025. * EBITDA for the fiscal year ended March 31, 2026, was $5.47 million, an increase of $2.08 million from $3.39 million in the prior year period. * Note on Convenience Translations and Foreign Currency Movements: Financial metrics for the fiscal years ended March 31, 2025 and 2026, were translated from Singapore Dollars (S$) into U.S. Dollars ($) solely for the reader's convenience. Income statement items were translated at the average exchange rates of US$1.00 = S$1.3381 and US$1.00 = S$1.2871 for FY 2025 and FY 2026, respectively. Balance sheet items were translated at the period-end spot rates of US$1.00 = S$1.3445 (as of March 31, 2025) and US$1.00 = S$1.2901 (as of March 31, 2026). Due to exchange rate fluctuations between reporting periods, year-over-year percentage changes calculated using U.S. Dollar amounts will differ from year-over-year percentage changes calculated in Singapore Dollars, the Company's functional currency.