InvestSMART

Rent.com.au Limited (ASX:RNT)

ALERT: Price-sensitive ASX Announcement for RNT
Current share price for RNT : $0.066 0.004 (6.45%)+
Announcement
Release
11 Jun 2026 8:18AM
Price at Release
$0.062
Full Release
download
Summary
Rent.com.au Limited has reported a significant increase in RentBond® loan volumes, resulting in strong revenue growth and positive cashflow momentum. The company set a new record for loans funded in May 2026, following another strong month in April. The successful growth is attributed to a conservative lending approach and returning customers seeking additional RentBond® loans, which lowers acquisition costs and boosts profitability. The new referral partnership with Homely.com.au, which went live recently, is expected to contribute to RentBond® volumes from June 2026 onwards. Furthermore, recurring revenue now exceeds 75% of Rent.com.au's total revenue, surpassing the FY27 target of 70%. The company is on track to double its revenue and achieve EBITDA positivity by Q2 FY27.
Key Points
  • Record RentBond® volumes in April and May 2026.
  • Strong revenue growth and positive operating cashflow.
  • Conservative lending approach with controlled credit losses.
  • New referral partnership with Homely.com.au.
  • Recurring revenue exceeds 75% of total revenue.
  • On track to double revenue and achieve EBITDA positivity by FY27.
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.