Rent.com.au Reports Record RentBond Volumes and Positive Cashflow
Key points
- Record RentBond Activity: May saw the highest number of loans funded.
- Strong Growth: On track to achieve 2027 targets.
- Positive Cashflow: Second consecutive quarter of positive operating cashflow.
Full summary
Rent.com.au Limited (ASX: RNT) has released a trading update highlighting record RentBond volumes, strong revenue growth, and positive operating cashflow. May saw a new record for loans funded, with April and May results indicating accelerating revenue growth and EBITDA improvement compared to the same period in 2025 and Q3 FY26. The company is on track to achieve its 2027 targets of being EBITDA positive and doubling revenue by Q2 FY27. Recurring revenue now represents over 75% of Group revenue, exceeding the FY27 target of 70%. A new referral partnership with Homely.com.au is now live and expected to contribute to RentBond volumes from June 2026.
Guidance
On track to double revenue by Q2 FY27 and be EBITDA positive
Outlook
The Group remains well capitalized and is on track to achieve another positive operating cashflow quarter.
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