RFT have broken a three month announcement drought with their H1 report for FY2025 this afternoon, albeit after the market had already closed on the very last day they were entitled to lodge it:

28/02/2025 4:10 pm AEDT: Half Yearly Report and Accounts.PDF

The headline numbers seem good, and the NTA of 1.231 cps makes their 0.6 cps ($0.006 cents/share) share price look interesting in terms of a value play, but because of their lack of governance concerns, combined with the current management's recent track record of not caring one bit about ordinary retail shareholders getting screwed, this one is right up there with the worst of them, so I wouldn't go near them with a barge pole of any length.

26-Feb-2021 (after market close):  Rectifier Technologies Half Yearly Report and Accounts

Not good.

• Revenue down -37.45%
• Profit down -55.26%
• No interim dividend
• NTA down -8.32% from 0.661 cps to 0.606 cps
• Share Price so far steady this morning at 4.0 cps.

One positive is that their gross margin improved from 48% to 54%, however that did not translate into a higher NPAT margin because their NPAT for the 6 months was $593K, being 8.8% of revenue vs $1.326M in the pcp (6 months ending 31-Dec-2019), being 12.3% of revenue, so their NPAT margin has declined by -28.5%, from 12.3% to 8.8% of revenue.  That's still a reasonable profit margin, but they do look overpriced when their was no growth in the half, material declines in revenue, profits and NTA, no dividend, and their share price is 6.6 x their NTA.

31-Aug-2020:  Rectifier Technologies Announces 0.1c Fully Franked Dividend   plus   Preliminary Final Report

Recently:  04-Aug-2020:  COVID-19 Update

In summary:

• Total revenues decreased by approximately 11.33% to $16.7 million compared to $18.9 million in the previous reporting period.
• The decrease in sales during the year to 30 June 2020 was due to the impact from the COVID-19 pandemic. The Governments in each of our operating jurisdictions have imposed restrictions on movement to protect the safety of the general public, particularly in Malaysia where our factory was shut down in the middle of March, resumed operating with a limited capacity in April, and was fully operating from May onwards.
• The Company reported a profit before tax of $3.1 million compared to a profit of approximate $3.3 million in the previous reporting period - despite the negative global economic impact of COVID-19.  The Company was able to report a profit due to support from the Governments in each operating jurisdiction, financial institutions, key stakeholders and our own reserves.  The effective plan enables us to mitigate risk exposure.
• The Company expects sales from our legacy market and electric vehicle charging market to continue improving in the 2021 financial year.

--- click on links above for more ---

I've cleaned that up quite a bit - it was clearly written by someone for whom English is not their first language - the original can be read here (first page).

[I don't hold RFT shares.  They've been on my Strawman.com scorecard for a trade, but I reckon I might roll that virtual money into something else shortly.]