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Range International Limited (ASX:RAN)

ALERT: Price-sensitive ASX Announcement for RAN
Current share price for RAN : $0.120 -0.065 (-35.14%)+
Announcement
Release
31 Jul 2026 9:27AM
Price at Release
$0.185
Full Release
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Summary
Range International Limited released its Quarterly Activities Report and Appendix 4C for the quarter ending 30 June 2026. The company, known for manufacturing zero-waste plastic pallets under the brand Re>Pal™, reported a gross margin of 35%, reflecting improved productivity at its new facility in Indonesia. The quarter saw sales revenue of US$451k, slightly ahead of the corresponding period last year, despite challenges from the Middle East and Indonesia's economic conditions. The company delivered 32,873 pallets, a 27% increase from the previous year, and expanded its rental pallet contracts. However, the quarter recorded a net cash outflow of US$279k, impacted by various seasonal and regional expenses. Range International is exploring funding options to support growth initiatives, particularly in its rental pallet segment, and anticipates improved cash flow in subsequent quarters.
Key Points
  • Quarterly report for the period ending 30 June 2026.
  • Gross margin sustained at 35%.
  • Sales revenue at US$451k, slightly above last year's quarter.
  • 27% increase in pallet deliveries to 32,873 units.
  • Net cash outflow of US$279k due to seasonal expenses.
  • Focus on expanding rental pallet contracts.
  • Exploring funding options for growth initiatives.
  • Economic challenges in Indonesia and Middle East affected performance.
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.