Range International has completed a significant capital raise of A$1.58 million through a two-tranche placement, positioning itself for growth in Indonesia and the Philippines while reducing debt.
- Raised A$1.58 million via placement of 648.8 million shares at A$0.002 each
- Funds allocated to Indonesian pallet rental growth and Philippine production expansion
- Repayment of existing debt facility while retaining full access to A$575K credit line
- Placement approved by shareholders on 10 November 2025
- Supports Range’s zero-waste recycled plastic pallet manufacturing ambitions
Capital Raise Completes Successfully
Range International Limited (ASX, RAN), the manufacturer behind the eco-friendly Re>Pal™ recycled plastic pallets, has announced the completion of the second tranche of its two-part placement, raising a total of A$1.58 million. The company issued 648.8 million fully paid ordinary shares at a modest price of A$0.002 each, following shareholder approval on 10 November 2025.
Strategic Use of Funds
The freshly raised capital is earmarked for several growth initiatives, primarily focusing on expanding Range’s footprint in Southeast Asia. A significant portion will support the Indonesian pallet rental market, including production costs for rental pallets. Additionally, the company plans to establish and expand its pallet production capabilities in the Philippines, involving setup costs and relocation of excess equipment.
Alongside growth investments, Range will use part of the funds to repay existing debt, which is expected to reduce interest expenses and improve financial flexibility. Notably, the company retains full access to its existing A$575,000 debt facility until December 2026, ensuring ongoing capital availability.
Positioning for Sustainable Growth
Range International’s core product, the Re>Pal™ pallet, leverages ThermoFusion™ technology to produce zero-waste, 100% upcycled plastic pallets. Operating primarily from its East Java factory in Indonesia, the company supplies pallets across the Asia Pacific region. This capital raise underscores Range’s commitment to scaling its sustainable manufacturing operations and tapping into growing demand for environmentally responsible logistics solutions.
While the placement provides a clear runway for expansion, the announcement leaves some details to be clarified, such as specific timelines for the Indonesian and Philippine projects and the anticipated impact on profitability. Investors will be watching closely for operational updates and financial results that reflect the benefits of this capital injection.
Bottom Line?
Range International’s latest capital raise sets the stage for regional growth, but execution and market response will be key to watch.
Questions in the middle?
- What are the detailed timelines and milestones for the Indonesian and Philippine expansion projects?
- How will the debt repayment impact Range’s overall cost structure and profitability?
- What market demand trends are driving the focus on rental pallets in Indonesia and production expansion in the Philippines?