RMA Global Limited, now rebranded as Renowned, reported a 16% revenue increase to $11.2 million for the half-year ending December 2025, fuelled by strong growth in the US, New Zealand, and Australia. However, the company swung to a $2.77 million loss before tax amid rising costs linked to its US expansion and integration of Curated Social.
- 16% revenue growth to $11.2 million driven by US, NZ, and Australia
- US revenue surged 43% following strategic brokerage partnerships
- Underlying EBITDA declined to a $0.12 million loss from prior profit
- Integration of Curated Social and rebranding to Renowned underway
- Cash reserves remain healthy at $3.1 million despite $0.7 million operating outflow
Revenue Growth Amid Strategic Expansion
RMA Global Limited, which recently rebranded as Renowned, has reported a solid 16% increase in revenue for the half-year ending 31 December 2025, reaching $11.2 million. This growth was underpinned by strong performances across its key markets: a 43% surge in the United States, 22% growth in New Zealand, and a steady 5% rise in Australia. The company’s expansion efforts, particularly in the US, are beginning to bear fruit as it targets large brokerages with multi-year subscription agreements.
Rising Costs and Profitability Challenges
Despite the encouraging top-line growth, RMA Global swung to a loss before tax of $2.77 million, a significant deterioration from a $0.39 million loss in the prior corresponding period. This was largely driven by increased operating expenses, including a 24% rise in employee and consulting costs, reflecting investments in the integration of the Curated Social acquisition and the rebranding to Renowned. The company’s underlying EBITDA, excluding significant one-off items, fell to a loss of $0.12 million compared to a $0.2 million profit a year earlier.
Strategic Rebranding and Product Innovation
The rebranding to Renowned marks a strategic shift from a reputation marketing platform to a comprehensive Local Expert Marketing solution. This evolution integrates RateMyAgent and Curated Social into a unified offering that automates agents’ brand-building efforts, helping them stay visible and trusted in their local markets. The launch of Social Studio, combining reviews with automated social media content, exemplifies this innovation, enhancing agents’ ability to nurture client relationships year-round.
US Market Focus and Brokerage Partnerships
RMA’s US strategy has pivoted to focus exclusively on brokerage partnerships, targeting the top 1,000 brokerages representing over 700,000 agents. This approach has led to positive feedback and growing multi-year subscription deals, providing a more scalable and predictable revenue stream. The US market now accounts for 31% of recurring revenues, highlighting its growing importance to the group’s overall business.
Financial Position and Outlook
Despite the operating cash outflow of $0.7 million, RMA Global maintains a healthy cash balance of $3.1 million, positioning it well to continue funding its growth initiatives. The company has not declared dividends and plans to reinvest earnings to accelerate expansion. With a clear focus on product development and market penetration, particularly in the US, RMA is poised to build on its momentum in the coming periods.
Bottom Line?
RMA Global’s investment-heavy US expansion and rebranding set the stage for future growth, but profitability remains a key challenge to watch.
Questions in the middle?
- How quickly can RMA convert US brokerage partnerships into sustained profitability?
- What impact will the new lead generation features have on agent acquisition and revenue?
- How will the contingent consideration earnout for Curated Social affect future cash flows and equity?