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Rent.com.au Limited (ASX:RNT)

ALERT: Price-sensitive ASX Announcement for RNT
Current share price for RNT : $0.065 0.004 (6.56%)+
Announcement
Release
22 Apr 2026 8:16AM
Price at Release
$0.061
Full Release
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Summary
Rent.com.au Limited reported a landmark quarter ending March 31, 2026, marked by a record revenue of $1.2 million and the achievement of its first-ever positive operating cashflow of $0.5 million. The company saw a 30% revenue increase year-over-year and a 20% increase from the previous quarter. Recurring revenue also grew significantly, contributing 67% to total revenue. With a strong cash position and undrawn debt, Rent.com.au is well-funded to pursue growth. The quarter featured strategic shifts including the launch of a freemium model for RentPay and an integrated savings product to bolster financial resilience among renters. Additionally, the company enhanced its RentBond service and extended a funding facility with the Eldium Income Fund, demonstrating robust financial health and strategic alignment towards targeting the Australian rental market's $85 billion potential.
Key Points
  • Record revenue of $1.2 million, up 30% from March 2025 and 20% from December 2025.
  • Achieved first-ever positive operating cashflow of $0.5 million.
  • Recurring revenue increased by 168% compared to the prior comparative period.
  • Well-funded for growth with $7.5 million in cash and $8.5 million in undrawn debt.
  • Launch of a freemium model for RentPay to accelerate user growth.
  • Introduction of an integrated savings product aimed at rewarding renters.
  • New RentBond loans averaged more than $1 million per month.
  • The platform's focus is on building financial capacity for renters.
  • Funding facility with Eldium Income Fund extended with a $5 million increase.
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.