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Rent.com.au Limited (ASX:RNT)

ALERT: Price-sensitive ASX Announcement for RNT
Current share price for RNT : $0.065 0.023 (54.76%)+
Announcement
Release
30 Oct 2025 8:15AM
Price at Release
$0.042
Full Release
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Summary
Rent.com.au Limited, Australia's leading renter-focused technology platform, presented its quarterly activities report for the quarter ending September 30, 2025. During this period, the company experienced a notable 27% increase in total group revenue compared to the previous corresponding period. A significant achievement was the launch of the RentBond® program, which saw over $2 million in loans funded. Recurring revenue also grew by 106%, now comprising nearly half of the company's total revenue. Furthermore, Rent.com.au remains well-capitalized with $3.3 million in cash and $8.4 million available in undrawn debt facilities, enabling it to continue its growth strategy. The quarter saw a strategic shift to funding RentBond® loans internally, which is expected to drive higher returns and enhance the company's financial resilience.
Key Points
  • Strong revenue growth with a 27% increase compared to the previous year.
  • Launch of RentBond® with over $2 million in loans funded.
  • Recurring revenue increased by 106%, making up 47% of total revenue.
  • Well-capitalized with $3.3 million in cash and $8.4 million undrawn debt facilities.
  • Strategic shift to funding RentBond® internally for better returns.
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.