RECT | Rectitude Holdings Ltd Ordinary Shares Annual &

Annual Income Statements

(In SGD)

Breakdown	2024	2023	2022
Revenue	41.35 Million	20.6 Million	29.81 Million
Cost of Revenue	15.54 Million	14.48 Million	21.06 Million
Gross Profit	25.81 Million	6.12 Million	8.74 Million
Operating Expenses	4.97 Million	3.5 Million	6.12 Million
Selling, General and Administrative Expenses	9.44 Million	3.45 Million	4.99 Million
Research and Development Expenses	76.38 Thousand	45.8 Thousand	89.06 Thousand
Other Expenses	1.02 Million	-	11.67 Thousand
Cost and Expenses	20.51 Million	17.98 Million	27.19 Million
Operating Income	4.16 Million	2.61 Million	2.5 Million
Interest Expense	214.46 Thousand	142.49 Thousand	119.18 Thousand
Income Tax Expense	792.2 Thousand	476.42 Thousand	439.01 Thousand
Earnings before Tax	4.14 Million	2.62 Million	2.51 Million
Net Income	3.35 Million	2.14 Million	2.07 Million
Earnings Per Share Basic	0.27	0.15	0.17
Earnings Per Share Diluted	0.27	0.15	0.17
Weighted Average Shares Outstanding	12.5 Million	14.5 Million	12.5 Million
Weighted Average Shares Outstanding (Diluted)	12.5 Million	14.5 Million	12.5 Million
Gross Margin	0.62	0.30	0.29
EBIT Margin	0.14	0.15	0.12
Profit Margin	0.08	0.10	0.07
EBITDA	5.88 Million	5.32 Million	3.03 Million
Earnings Before Tax Margin	0.10	0.13	0.08

Breakdown	2023 FY	2023 Q4	2023 Q2	2022 FY	2021 FY
Revenue	22.81 Million	11.66 Million	11.15 Million	20.6 Million	29.81 Million
Cost of Revenue	15.54 Million	8.13 Million	7.4 Million	14.48 Million	21.06 Million
Gross Profit	7.27 Million	3.52 Million	3.75 Million	6.12 Million	8.74 Million
Operating Expenses	4.97 Million	2.69 Million	2.28 Million	3.5 Million	6.12 Million
Selling, General and Administrative Expenses	-	2.67 Million	2.25 Million	-	-
Research and Development Expenses	-	15.84 Thousand	26.29 Thousand	-	-
Other Expenses	19 Thousand	-	-	-	11.67 Thousand
Cost and Expenses	20.51 Million	10.83 Million	9.68 Million	17.98 Million	27.19 Million
Operating Income	2.29 Million	830.82 Thousand	1.46 Million	2.61 Million	2.5 Million
Interest Expense	214.46 Thousand	75.19 Thousand	43.11 Thousand	142.49 Thousand	119.18 Thousand
Income Tax Expense	437.07 Thousand	135.6 Thousand	301.5 Thousand	476.42 Thousand	439.01 Thousand
Earnings before Tax	2.28 Million	844.83 Thousand	1.44 Million	2.62 Million	2.51 Million
Net Income	1.85 Million	709.22 Thousand	1.14 Million	2.14 Million	2.07 Million
Earnings Per Share Basic	-	0.05	0.08	-	-
Earnings Per Share Diluted	-	0.05	0.08	-	-
Weighted Average Shares Outstanding	14.5 Million	14.5 Million	14.5 Million	14.5 Million	12.5 Million
Weighted Average Shares Outstanding (Diluted)	14.5 Million	14.5 Million	14.5 Million	14.5 Million	12.5 Million
Gross Margin	0.32	0.30	0.34	0.30	0.29
EBIT Margin	-	0.11	0.16	-	-
Profit Margin	0.08	0.06	0.10	0.10	0.07
EBITDA	-	1.29 Million	1.83 Million	-	-
Earnings Before Tax Margin	0.10	0.07	0.13	0.13	0.08