Rent.com.au Achieves Record Half-Year Performance and Launches Self-Funded Lending

Rent.com.au Ltd ( (AU:RNT) ) has provided an announcement.

Rent.com.au Limited reported a record half-year performance with revenue exceeding $900k for the second consecutive quarter, marking a 19% year-on-year increase. The company has made significant strides in its platform strategy, with strong growth in its core products, RentPay and RentBond. The completion of a fully underwritten rights issue has strengthened its balance sheet, allowing for accelerated growth and profitability. The launch of self-funded RentBond loans is a transformative step towards margin expansion and scalable growth. Additionally, RentPay’s revenue grew by 68% compared to the previous year, contributing significantly to the company’s recurring revenue stream. With scalable systems, enhanced credit capabilities, and a growing distribution network, Rent.com.au is well-positioned to expand its offerings and create long-term value.

More about Rent.com.au Ltd

Rent.com.au Limited is a leading Australian platform focused on providing services for renters. The company offers products such as RentPay and RentBond, which are designed to enhance the rental experience and provide financial solutions for tenants. Rent.com.au aims to be the platform of choice for Australian renters, with a focus on revenue growth, product scalability, and long-term shareholder value.

Average Trading Volume: 982,367

Technical Sentiment Signal: Sell

Current Market Cap: A$23.99M

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