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Range International Limited (ASX:RAN)

ALERT: Price-sensitive ASX Announcement for RAN
Current share price for RAN : $0.150 0.148 (7,400%)+
Announcement
Release
30 Apr 2026 1:09PM
Price at Release
$0.002
Full Release
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Summary
Range International Limited's quarterly report for Q1 2026 highlights significant growth and operational milestones. The first quarter saw the commencement of rental pallet deliveries, with 8,300 pallets delivered as part of an initial batch, validating the commercial viability of this initiative. Revenue in Indonesia increased by 27% compared to Q1 2025, despite disruptions from Ramadan and Eid al-Fitr. The completed factory setup in East Java, Indonesia, is fully operational, supporting increased production and providing a stable base for sales and rental fleet growth. Operating cash burn decreased significantly to US$118k, showing improved cash discipline. The report outlines continued focus on rental conversion, increased production scheduling, and securing funding for further fleet expansion. Management remains optimistic about the growth prospects in CY26, despite external challenges such as currency instability and political tensions in Indonesia.
Key Points
  • First rental pallet deliveries commenced with 8,300 pallets.
  • Indonesian revenue increased by 27% compared to Q1 2025.
  • Factory in East Java is fully operational with all extruders available.
  • Operating cash burn reduced to US$118k in Q1 2026.
  • Focus on rental conversion and securing medium-term funding.
  • Continued production and sales momentum despite seasonal disruptions.
  • External challenges include currency weakness and inflation in Indonesia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.