Hypoeutectic Al–Si alloys are increasingly recognized as promising materials for aluminum conductor cables owing to their remarkable combination of high strength and castability. However, the widespread industrial application of these alloys is limited by their moderate electrical conductivities (ECs). In this study, we explored the effects of direct annealing on the EC, mechanical properties, and microstructure of AA4043 rods fabricated via Properzi continuous casting. The AA4043 rods were annealed at different temperatures (200, 250, 300, and 350 °C) for 4 and 24 h. Direct annealing resulted in a significant improvement in the EC of the rods, with all samples exhibiting an EC improvement from 50 to 58% IACS. However, the mechanical strength of the rods was considerably reduced. The sample annealed at 250 °C for 4 h exhibited the best combination of EC (58.8% IACS), microhardness (43 HV), and ultimate tensile strength (141 MPa) among all the as-prepared samples. The sample annealed at 350 °C for 24 h showed the lowest microhardness (31.8 HV) and ultimate tensile strength (113 MPa), with EC of 58.05% IACS. Electron backscatter diffraction (EBSD) results revealed retained fibrous grains structure with partial recrystallization at a lower annealing temperature of 250 °C, whereas a higher annealing temperature of 350 °C resulted in complete recrystallization leading to coarse equiaxed grains. Transmission electron microscopy (TEM) analysis revealed the formation of nano-Si precipitates in the annealed samples. To understand the diverse contributions of the resistivity mechanisms and microstructural characteristics to EC improvement, a constitutive resistivity model was employed. These findings offer valuable insights into improving the EC and maintaining a delicate balance between the EC and strength of novel Al–Si conductor alloys.