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Range International Limited (ASX:RAN)

ALERT: Price-sensitive ASX Announcement for RAN
Current share price for RAN : $0.088 -0.062 (-41.33%)+
Announcement
Release
31 Aug 2026 4:11PM
Price at Release
$0.150
Full Release
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Summary
Range International Limited’s Appendix 4D and half-year financial report for the six months ended 30 June 2026 reports revenue of US$1.037 million, up 11.4% from the prior corresponding period, but a higher net loss after tax attributable to members of US$683,408 compared with US$364,895 in H1 2025, largely because prior-period other income of US$464,000 included non-recurring benefits that did not recur in 2026; underlying operations improved through stronger gross profit of US$258,288, better margins, broader Indonesian domestic sales excluding a previously significant customer, 71,322 pallets delivered, full operation of the new Indonesian factory and initial commercial rollout of the rental pallet strategy with 11,444 pallets under rental contracts by period end. The group ended the half with cash of US$192,789, net assets of US$609,546 and net tangible assets of 0.033 cents per share, while operating cash outflow was US$388,895 and total liabilities increased to US$1.484 million following new debt funding, including a secured rental fleet facility and director/senior management funding; directors therefore identified a material uncertainty regarding going concern, although the accounts were prepared on a going concern basis supported by plans for additional equity, improved sales, margins and cost control, and potential further debt or asset sales. No dividends were declared, no control changes occurred in subsidiaries, and the independent auditor’s review was unmodified but included an emphasis on the material uncertainty relating to going concern.
Key Points
  • Appendix 4D and interim report cover the half-year ended 30 June 2026.
  • Revenue from ordinary activities rose 11.4% to US$1.037 million.
  • Net loss after tax attributable to members widened to US$683,408 from US$364,895.
  • The larger reported loss was heavily influenced by lower other income versus the prior period, which had non-recurring items.
  • Gross profit increased 25% to US$258,288 and gross margin improved to about 25%.
  • Indonesian domestic sales excluding FFI increased about 101%, showing a broader customer base.
  • Range delivered 71,322 pallets during the half.
  • The new Indonesian factory was fully operational with four extruders available.
  • Re>Pal Indonesia achieved a 35% gross margin in Q2, its highest quarterly gross margin to date.
  • The rental pallet strategy commenced commercial deliveries and 11,444 pallets were under rental contracts at 30 June 2026.
  • Funding remains a key constraint on expanding the rental pallet business.
  • Cash at period end was US$192,789 and net cash used in operating activities was US$388,895.
  • Net assets fell to US$609,546 and net tangible assets per ordinary security were 0.033 cents.
  • Total liabilities increased to US$1.484 million, including new secured and related-party loan facilities.
  • Directors disclosed a material uncertainty related to going concern, though the accounts were prepared on a going concern basis.
  • No dividends were paid, recommended or declared.
  • No subsidiaries, associates, joint ventures or foreign entities were gained or lost during the period.
  • The auditor issued an unmodified review conclusion with emphasis on the going concern uncertainty.
  • The report was signed by Executive Chairman Richard Jenkins on 31 August 2026.
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.