Quarterly Activities Report for Sept 2025
| Stock | Rent.com.Au Ltd (RNT.ASX) |
|---|---|
| Release Time | 30 Oct 2025, 8:15 a.m. |
| Price Sensitive | Yes |
Quarterly Activities Report for Sept 2025
- Strong Revenue Growth: Total Group revenue grew 27% (33% on a like-for-like basis) vs the PCP
- Increasing Revenue Sustainability: Recurring revenue increased 106% vs the PCP, now 47% of Group revenue
- Exceptional Early Traction for RentBond®: Over $2 million in RentBond® loans funded via facility with the Eldium Income Fund
Rent.com.au Limited (ASX: RNT) reported a pivotal quarter that marked a significant shift in the Group's trajectory, establishing a clear pathway to revenue growth, product scalability, and long-term shareholder value. Total Group revenue grew 27% (33% on a like-for-like basis) compared to the prior corresponding period, despite the initial impact of the transition to the new RentBond® revenue recognition model. Recurring revenue increased 106% versus the prior corresponding period and now represents 47% of the Group's revenue, up from 36% in the June 2025 quarter and 29% in the September 2024 quarter. This positions Rent.com.au to move closer to long-term, sustainable profitability through its platform strategy. The launch of RentBond® mid-quarter has also seen over $2 million in loans funded via the facility with the Eldium Income Fund, with cash receipts from RentBond® customers exceeding $200,000 per month and compounding rapidly. The Group remains well-capitalised to execute its growth strategy, with $3.3 million in cash (including $1.5 million provided as security to Eldium) and $8.4 million of undrawn debt facility as of 30 September 2025.