RentGuarantor Holdings (AIM:RGG), the AIM-listed provider of rent guarantee services to UK landlords and tenants, said revenue for the year to 31 December will be materially above market expectations, which stood in a range of approximately £5.9 million to £6.0 million before the update.
The board also expects adjusted profit before tax to come in materially ahead of the £0.2 million to £0.7 million forecast range, citing accelerating customer demand and improving operational scalability.
Unaudited revenue for the six months to 30 June rose to £3.39 million from £0.97 million a year earlier, a 250% increase, with completed contracts up 179% to 3,703 and applications more than doubling to 8,936.
June alone saw revenue rise more than six-fold year-on-year, a pace the company said has continued into July.
The group repaid its Directors' Loan and remaining Convertible Loan Notes by early June, and following a £1.0 million equity placing, cash stood at approximately £2.4 million at the period end, up from £0.73 million a year earlier.
"Revenue was up 618% for the month of June 2026 compared to June 2025, and 250% for the Period year-on-year, underpinned by the strong growth in the number of contracts in the Period," said chief executive Paul Foy.
It comes as the Renters' Rights Act is due to take effect during the historically strongest third quarter, alongside the new RGG Tech Lab in Bristol, as drivers of further growth into FY2027.
News Intelligence what this means for the company
RentGuarantor's H1 revenue of £3.39m—a 250% year-on-year jump—has put the company on track for full-year revenue and adjusted pre-tax profit materially above prior market guidance (£5.9–£6.0m and £0.2–£0.7m respectively). June alone saw revenue surge 618% year-on-year, a pace management says has persisted into July, driven by accelerating demand and operational leverage as the company scales.
The company has moved from loss-making to cash-generative (first positive monthly EBITDA in May 2026) and eliminated debt by early June, leaving it with £2.4m cash after a £1.0m placing. The Renters' Rights Act taking effect in Q3—historically the strongest quarter for lettings—and the new RGG Tech Lab in Bristol position the company for further acceleration into FY2027, though the full-year guidance remains unquantified pending half-year results.
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