RECTIFIER TECHNOLOGIES LTD — Annual Report 2025

Aug 27, 2025

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Rectifier Technologies Ltd

ABN 82 058 010 692

Appendix 4E Preliminary Final Report - 30 June 2025

Rectifier Technologies Ltd Contents 30 June 2025

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Appendix 4E 2 Statement of profit or loss and other comprehensive income 4 Statement of financial position 5 Statement of changes in equity 6 Statement of cash flows 7 Notes to the financial statements 8

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Rectifier Technologies Ltd Appendix 4E Preliminary final report

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1. Company details

Name of entity: Rectifier Technologies Ltd ABN: 82 058 010 692 Reporting period: For the year ended 30 June 2025 Previous period: For the year ended 30 June 2024

2. Results for announcement to the market

			$
Revenues from ordinary activities	down	30.8% to	17,154,848
Profit before income tax	down	218.5% to	(691,696)
Loss from ordinary activities after tax attributable to the owners of Rectifier
Technologies Ltd	down	204.9% to	(783,792)
Loss for the year attributable to the owners of Rectifier Technologies Ltd	down	204.9% to	(783,792)

Dividends

There were no dividends paid, recommended or declared during the current financial period.

Comments

The loss for the consolidated entity after providing for income tax amounted to $783,792 (30 June 2024: profit of $747,479).

The consolidated entity recorded a loss before tax of $691,696 (30 June 2024: profit before tax of $583,781). This outcome was driven by a slowdown in the global EV and related infrastructure market, which delayed charger deployments, deferred shipments, and softened customer demand. Some customer orders were also postponed, further impacting sales volumes. Nevertheless, legacy product sales remained steady, providing stability in revenue streams. In response, management implemented cost-saving measures, tightened control of fixed costs, and optimised existing assets to preserve liquidity during this challenging period.

The Company remained active in business development, strengthening existing customer relationships and pursuing new prospects. During FY2025, the Company continued to explore potential projects and development strategies to position itself as an equipment system integrator and technical service provider in the clean energy sector. Early progress was achieved through feasibility reviews, stakeholder engagement, and discussions with technology partners, laying the groundwork for potential future initiatives.

The Company is confident that the current sales pipeline, along with prospective strategic partnerships, operational efficiencies, and continued cost discipline, will support growth as market conditions improve.

3. Net tangible assets

Net tangible assets per ordinary security	Reporting period Cents 1.14	Previous period Cents 1.20

4. Control gained over entities

Not applicable.

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Rectifier Technologies Ltd Appendix 4E Preliminary final report

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5. Loss of control over entities

Not applicable.

6. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

7. Dividend reinvestment plans

Not applicable.

8. Details of associates and joint venture entities

Not applicable.

9. Foreign entities

Details of origin of accounting standards used in compiling the report:

Not applicable.

10. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements are in the process of being audited and an unmodified opinion is expected to be issued.

11. Attachments

Details of attachments (if any):

The Appendix 4E Preliminary Final Report of Rectifier Technologies Ltd for the year ended 30 June 2025 is attached.

12. Signed

As authorised by the Board of Directors

Signed _________

Date: 28 August 2025

(Zorn Wong) Zong Xu Wang Director Melbourne

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Rectifier Technologies Ltd Statement of profit or loss and other comprehensive income For the year ended 30 June 2025

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Note Revenue 1 Other income 2 Interest revenue Expenses Changes in inventories of finished goods and work in progress Raw materials and consumables used Professional and compliance expense Employee benefits expense Depreciation expense 3 Share options expense Other expenses 3 Finance costs 3 Profit/(loss) before income tax (expense)/benefit Income tax (expense)/benefit Profit/(loss) after income tax (expense)/benefit for the year attributable to the owners of Rectifier Technologies Ltd Other comprehensive Income/(loss) Items that may be reclassified subsequently to profit or loss Foreign currency translation Other comprehensive Income/(loss) for the year, net of tax Total comprehensive Income/(loss) for the year attributable to the owners of Rectifier Technologies Ltd Basic earnings per share 7 Diluted earnings per share 7	Consolidated 2025 2024 $ $ 14,645,322 24,386,965 2,400,342 292,986 109,184 121,160 640,971 (5,730,155) (7,748,884) (5,552,417) (1,873,183) (1,501,540) (6,529,820) (8,202,773) (1,080,121) (1,025,303) - (432,900) (1,045,668) (1,532,082) (209,839) (240,160)	Consolidated 2025 2024 $ $ 14,645,322 24,386,965 2,400,342 292,986 109,184 121,160 640,971 (5,730,155) (7,748,884) (5,552,417) (1,873,183) (1,501,540) (6,529,820) (8,202,773) (1,080,121) (1,025,303) - (432,900) (1,045,668) (1,532,082) (209,839) (240,160)
	(691,696) (92,096)	583,781 163,698
	(783,792) 731,870	747,479 11,341
	731,870	11,341
	(51,922)	758,820
	Cents (0.06) (0.06)	Cents 0.05 0.05

The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes

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Rectifier Technologies Ltd Statement of financial position As at 30 June 2025

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Note Assets Current assets Cash and cash equivalents Trade and other receivables Inventories 4 Current tax assets Total current assets Non-current assets Property, plant and equipment Right-of-use assets Intangibles Deferred tax assets Total non-current assets Total assets Liabilities Current liabilities Trade and other payables Contract liabilities Borrowings Lease liabilities Current tax liabilities Employee benefits Provisions Total current liabilities Non-current liabilities Contract liabilities Borrowings Lease liabilities Deferred tax liabilities Employee benefits Total non-current liabilities Total liabilities Net assets Equity Issued capital 5 Reserves 6 Accumulated losses Total equity	Consolidated 2025 2024 $ $ 2,651,127 7,343,079 2,583,965 3,305,862 13,740,812 14,423,407 695,470 706,280	Consolidated 2025 2024 $ $ 2,651,127 7,343,079 2,583,965 3,305,862 13,740,812 14,423,407 695,470 706,280
	19,671,374	25,778,628
	5,112,931 589,531 104,936 1,529,936	5,008,504 417,905 109,030 823,698
	7,337,334	6,359,137
	27,008,708	32,137,765
	5,058,798 83,731 167,494 359,944 507,477 902,790 154,738	9,005,460 552,927 141,563 208,414 1,351,692 849,280 179,889
	7,234,972	12,289,225
	- 2,149,221 263,844 107,280 48,463	83,237 2,040,229 254,183 166,987 47,054
	2,568,808	2,591,690
	9,803,780	14,880,915
	17,204,928	17,256,850
	40,134,175 1,062,895 (23,992,142)	40,134,175 559,175 (23,436,500)
	17,204,928	17,256,850

The above statement of financial position should be read in conjunction with the accompanying notes

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Rectifier Technologies Ltd Statement of changes in equity For the year ended 30 June 2025

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Consolidated Balance at 1 July 2023 Profit after income tax benefit for the year Other comprehensive Income/(loss) for the year, net of tax Total comprehensive Income/(loss) for the year Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs (note 5) Share-based payments Balance at 30 June 2024 Consolidated Balance at 1 July 2024 Loss after income tax expense for the year Other comprehensive Income/(loss) for the year, net of tax Total comprehensive Income/(loss) for the year Transactions with owners in their capacity as owners: Lapsed options transferred to accumulated losses Balance at 30 June 2025	Issued capital $ 40,072,575 - -	Reserves $ 114,934 - 11,341	Accumulated losses $ (24,183,979) 747,479 -	Total equity $ 16,003,530 747,479 11,341
	- 61,600 -	11,341 - 432,900	747,479 - -	758,820 61,600 432,900
	40,134,175	559,175	(23,436,500)	17,256,850
	Issued capital $ 40,134,175 - -	Reserves $ 559,175 - 731,870	Accumulated losses $ (23,436,500) (783,792) -	Total equity $ 17,256,850 (783,792) 731,870
	- -	731,870 (228,150)	(783,792) 228,150	(51,922) -
	40,134,175	1,062,895	(23,992,142)	17,204,928

The above statement of changes in equity should be read in conjunction with the accompanying notes

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Rectifier Technologies Ltd Statement of cash flows For the year ended 30 June 2025

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Note Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received Finance costs Income taxes refunded/(paid) Net cash from/(used in) operating activities 8 Cash flows from investing activities Payments for property, plant and equipment Payments for intangibles Net cash used in investing activities Cash flows from financing activities Proceeds from issue of shares 5 Proceeds from borrowings Repayment of borrowings Repayment of lease liabilities Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the end of the financial year	Consolidated 2025 2024 $ $ 15,855,761 24,392,944 (18,440,164) (17,524,269) 109,184 121,160 (209,839) (240,160) (1,696,489) (858,822)	Consolidated 2025 2024 $ $ 15,855,761 24,392,944 (18,440,164) (17,524,269) 109,184 121,160 (209,839) (240,160) (1,696,489) (858,822)
	(4,381,547)	5,890,853
	(20,414) -	(537,915) (7,919)
	(20,414)	(545,834)
	- - (154,665) (274,921)	61,600 7,327,132 (11,608,760) (241,806)
	(429,586)	(4,461,834)
	(4,831,547) 7,343,079 139,595	883,185 6,348,867 111,027
	2,651,127	7,343,079

The above statement of cash flows should be read in conjunction with the accompanying notes

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Rectifier Technologies Ltd Notes to the financial statements 30 June 2025

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Note 1. Revenue

Sale of goods After sales services Sale of extended warranties Revenue Disaggregation of revenue The disaggregation of revenue from contracts with customers is as follows:	Consolidated 2025 2024 $ $ 14,092,957 23,886,485 3,424 42,040 548,941 458,440	Consolidated 2025 2024 $ $ 14,092,957 23,886,485 3,424 42,040 548,941 458,440
	14,645,322	24,386,965

Timing of revenue recognition Goods transferred at a point in time Services transferred over time	Consolidated 2025 2024 $ $ 14,092,957 23,886,485 552,365 500,480	Consolidated 2025 2024 $ $ 14,092,957 23,886,485 552,365 500,480
	14,645,322	24,386,965

Note 2. Other income

Government grants Net foreign exchange gain Other Other income	Consolidated 2025 2024 $ $ 4,681 89,061 1,536,603 - 859,058 203,925	Consolidated 2025 2024 $ $ 4,681 89,061 1,536,603 - 859,058 203,925
	2,400,342	292,986

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Rectifier Technologies Ltd Notes to the financial statements 30 June 2025

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Note 3. Expenses

Profit/(loss) before income tax includes the following specific expenses: Depreciation Building Leasehold improvement Plant and equipment Motor vehicle Building right-of-use assets Motor vehicle right-of-use assets Total depreciation Amortisation Software Total depreciation and amortisation Finance costs Interest and finance charges paid/payable on borrowings Interest and finance charges paid/payable on lease liabilities Finance costs expensed Superannuation expense Defined contribution superannuation expense Other expenses Premise expense Handling and forwarding expense Research and development expense Foreign exchange loss Other	Consolidated 2025 2024 $ $ 9,446 8,796 132,661 130,839 669,341 642,765 - 1,074 247,789 225,729 16,790 12,439	Consolidated 2025 2024 $ $ 9,446 8,796 132,661 130,839 669,341 642,765 - 1,074 247,789 225,729 16,790 12,439
	1,076,027	1,021,642
	4,094	3,661
	1,080,121	1,025,303
	176,840 32,999	205,196 34,964
	209,839	240,160
	658,879	856,977
	550,483 2,352 134,324 - 358,509	512,772 3,662 355,590 189,076 470,982
	1,045,668	1,532,082

Note 4. Inventories

Current assets Raw materials Work in progress Finished goods	Consolidated 2025 2024 $ $ 8,462,648 9,786,214 529,541 319,074 4,748,623 4,318,119	Consolidated 2025 2024 $ $ 8,462,648 9,786,214 529,541 319,074 4,748,623 4,318,119
	13,740,812	14,423,407

Inventories are recognised net of a provision for obsolescence of $838,544 (2024: $541,451) as at 30 June 2025.

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Rectifier Technologies Ltd Notes to the financial statements 30 June 2025

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Note 5. Issued capital

2025 Shares Ordinary shares - fully paid 1,382,780,602 Movements in ordinary share capital Details Date Balance 1 July 2023 Issuance of shares on the exercise of options 10 October 2023 Balance 30 June 2024 Balance 30 June 2025 Note 6. Reserves Foreign currency reserve Share-based payments reserve	2025 Shares 1,382,780,602	Consolidated 2024 2025 Shares $ 1,382,780,602 40,134,175	Consolidated 2024 2025 Shares $ 1,382,780,602 40,134,175	2024 $ 40,134,175
		Shares 1,379,700,602 3,080,000	Issue price $ 40,072,575 $0.020 61,600 40,134,175 40,134,175 Consolidated 2025 2024 $ $ 858,145 126,275 204,750 432,900
		1,382,780,602
		1,382,780,602
			1,062,895	559,175

Movements in reserves

Movements in each class of reserve during the current and previous financial year are set out below:

Consolidated Balance at 1 July 2023 Foreign currency translation Share-based payments Balance at 30 June 2024 Foreign currency translation Lapsed options transferred to accumulated losses Balance at 30 June 2025	Foreign currency reserve $ 114,934 11,341 - 126,275 731,870 - 858,145	Share-based payments reserve $ - - 432,900	Total $ 114,934 11,341 432,900
		432,900 - (228,150)	559,175 731,870 (228,150)
		204,750	1,062,895

Note 7. Earnings per share

Profit/(loss) after income tax attributable to the owners of Rectifier Technologies Ltd

Consolidated	Consolidated
2025	2024
$	$
(783,792)	747,479

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Rectifier Technologies Ltd Notes to the financial statements 30 June 2025

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Note 7. Earnings per share (continued)

Number Number The weighted average number of ordinary shares used in calculating basic earnings per share 1,382,780,602 1,381,930,656 Adjustments for calculation of diluted earnings per share: Options over ordinary shares 23,260,000 42,760,000 The weighted average number of ordinary shares used in calculating diluted earnings per share 1,406,040,602 1,424,690,656 Cents Cents Basic earnings per share (0.06) 0.05 Diluted earnings per share (0.06) 0.05 Note 8. Reconciliation of profit/(loss) after income tax to net cash from/(used in) operating activities Consolidated 2025 2024 $ $ Profit/(loss) after income tax (expense)/benefit for the year (783,792) 747,479 Adjustments for: Depreciation and amortisation 1,080,121 1,025,303 Share-based payments - 432,900 Provision for stock obsolescence 226,622 (30,090) Unrealised currency (gain)/loss (1,514,498) (532,218) Net loss/(gain) on sale/acquisition of assets (6,637) 1,376 Change in operating assets and liabilities: Decrease/(increase) in trade and other receivables 721,897 (335,193) Decrease in inventories 1,963,417 4,501,232 Decrease/(increase) in income tax refund due 10,810 (75,625) Increase/(decrease) in net deferred tax assets (765,945) (77,676) (Decrease)/increase in trade and other payables (3,946,662) 1,727,994 Decrease in contract liabilities (552,433) (259,130) Decrease in provision for income tax (844,215) (944,341) Increase/(decrease) in employee benefits 54,919 (256,310) Decrease in other provisions (25,151) (34,848) Net cash from/(used in) operating activities (4,381,547) 5,890,853	Number 1,382,780,602 23,260,000	Number 1,382,780,602 23,260,000	Number 1,381,930,656 42,760,000	Number 1,381,930,656 42,760,000
	1,406,040,602		1,424,690,656
		(4,381,547)		5,890,853

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