How Did Rent.com.au Grow Revenue 30% Yet Widen Losses to $2.53M?

Revenue Growth Amidst Losses

Rent.com.au Limited has delivered a notable 30.4% increase in revenue for the half-year ended 31 December 2025, reaching $1.86 million compared to $1.43 million in the prior corresponding period. This growth was primarily driven by the company’s fintech offerings RentPay and RentBond, which have seen strong customer uptake and increased average revenue per user.

Despite this top-line improvement, Rent.com.au’s financial results reveal a widening net loss after tax of $2.53 million, up from $1.76 million a year earlier. Earnings before interest, tax, depreciation, amortisation and share-based payments (EBITDA) also deteriorated, reflecting ongoing investment in technology, marketing, and operational costs associated with scaling its platforms.

Capital Raising and Financial Position

The company successfully exercised approximately 80% of its expiring RNTO options, raising $6.3 million in new equity. This capital injection, alongside a $10 million secured loan facility arranged with the Eldium Income Fund, positions Rent.com.au with a robust cash balance of $7.49 million as at December 2025. The loan facility, with a 15% interest rate and maturity in January 2027, is earmarked to fund the RentBond product, which has been brought in-house to capture higher recurring revenue and margins.

Rent.com.au’s strategy to internalise RentBond has paid off, with the product delivering up to six times more revenue per loan compared to the previous referral model. This shift underscores the company’s focus on building a sustainable, capital-efficient fintech platform within the rental market.

Operational Highlights and Outlook

The half-year saw RentPay revenue surge by 46.8%, contributing significantly to the overall revenue growth and pushing the company closer to its target of 70% recurrent revenue by the end of the financial year. The company also reported no dividends for the period, reflecting its focus on reinvestment and growth.

Management highlighted that the company is better capitalised and positioned than ever before, with strong shareholder support evidenced by the option exercise uptake and underwriting agreement with Templar Corporate Pty Ltd. The board remains confident in executing its long-term growth plan, leveraging technology investments and expanding its fintech offerings.

Auditor’s Review and Governance

The interim financial report was reviewed by RSM Australia Partners, with no qualifications or disputes noted. The auditor confirmed compliance with Australian accounting standards and the Corporations Act, providing assurance on the accuracy and fairness of the reported results.

Directors reaffirmed their belief that the company will be able to meet its debts as they fall due, underscoring a stable financial footing despite the ongoing losses as the business scales.