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Rent.com.au Limited (ASX:RNT)

ALERT: Price-sensitive ASX Announcement for RNT
Current share price for RNT : $0.059 -0.006 (-9.23%)+
Announcement
Release
28 Jul 2026 8:22AM
Price at Release
$0.065
Full Release
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Summary
Rent.com.au Limited reported strong financial performance in its June 2026 quarterly report, highlighting a second consecutive quarter of positive operating cash flow. The company achieved a record quarterly revenue of $1.35 million, up 48% from the previous corresponding period (PCP). Key growth drivers included the RentBond® product, which surpassed $10 million in loans within 10 months of its launch. Recurring revenue reached a new milestone, constituting 75% of the total group revenue. The company remains well-funded with $6.6 million in cash and $6.25 million in undrawn debt. CEO Jan Ferreira noted the group's continued focus on platform strategy to enhance financial resilience for renters while maintaining growth for shareholders.
Key Points
  • Second consecutive positive cashflow quarter.
  • Quarterly revenue hit a record of $1.35 million, a 48% increase from PCP.
  • RentBond® loans surpassed $10 million within 10 months.
  • Recurring revenue constituted 75% of total revenue.
  • Well-funded with $6.6 million in cash and $6.25 million in undrawn debt.
  • Focus on helping renters build financial resilience.
  • Platform strategy aims for sustainable and consistent growth.
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.