Rent.com.au Sets RentBond® Loan Record and Boosts Recurring Revenue Beyond Targets

Record RentBond® Loan Volumes Drive Revenue and Cashflow Momentum

Rent.com.au Limited (ASX:RNT) has reported its strongest RentBond® loan activity to date, with May 2026 surpassing April’s record number of loans funded. This surge is translating into accelerated revenue growth and improved EBITDA compared to the same period in 2025 and Q3 FY26. The company is now on track to be EBITDA positive and double its revenue by Q2 FY27.

CEO Jan Ferreira highlighted that the conservative lending strategy continues to perform well, with expected credit losses remaining within target ranges despite the increased loan volumes. Notably, repeat RentBond® customers are emerging, which reduces acquisition costs and enhances profitability.

Recurring Revenue Surpasses Targets as New Partnership Launches

Recurring revenue now accounts for over 75% of Rent.com.au's total revenue, exceeding the FY27 target of 70%. This milestone reflects the growing traction of RentBond® and RentPay products, which form the backbone of the company’s recurring income streams.

The recently activated referral partnership with Homely.com.au, a leading property listings portal, is expected to start contributing to RentBond® volumes from June 2026. Homely CEO Adam Spencer emphasised the partnership’s potential to enhance the rental experience by integrating financing options seamlessly with property search.

Platform Expansion Targets Broader Renter Financial Needs

Beyond RentBond®, Rent.com.au is advancing its platform to support renters throughout their tenancy journey. Key initiatives include expanding bill payment options to cover utilities, internet, insurance, and streaming services, alongside introducing interest payments on wallet balances to help renters build savings.

The company also plans to optimise existing loan products, notably by leveraging the Homely.com.au channel and encouraging repeat RentBond® loans, which carry lower acquisition costs and allow for rate reductions while improving margins.

Financial Position and Outlook

Rent.com.au remains well capitalised, holding $6 million in cash and $7.5 million in undrawn debt facilities, with a net debt position of approximately $5 million after accounting for investments. The Group expects to deliver a second consecutive quarter of positive operating cashflow, supported by strong customer receipts and a stable cost base.

With record RentBond® activity, repeat customer behaviour, and the new referral channel ramping up, Rent.com.au appears positioned to continue scaling revenue while maintaining disciplined cost management. The company’s focus on increasing recurring revenue and expanding platform offerings aims to capture a significant share of Australia’s estimated $90 billion annual rental market.