RentGuarantor Holdings (AIM:RGG), an AIM-listed provider of rent guarantee and property protection services to tenants and landlords in the UK private rental sector, reported revenue of £3.39 million for the six months to 30 June, up approximately 250% from £0.97 million in the same period last year.
Completed contracts rose 179% to 3,703, while the average contract price climbed 25% to £915, reaching £1,001 in June alone.
Adjusted EBITDA turned positive at approximately £110,000, against a loss of £124,000 a year earlier, and adjusted net profit reached approximately £250,000, compared with a net loss of £367,000 in H1 2025, aided by a £272,357 gain from revaluing convertible loan notes.
Chairman Graham Duncan said the growth followed implementation of the Renters' Rights Act in May, which "accelerated" demand the company had already positioned itself to capture.
The company raised £1 million in equity in June to fund automation and artificial intelligence investment, lifting cash to £2.4 million at period end, up from £1.97 million at 31 December 2025.
Since then, roughly 60% of warrant holders have exercised their rights, adding circa £2.15 million and taking the bank balance to approximately £6 million as of 10 August, following full repayment of the directors' loan and remaining convertible loan notes.
The board declared no interim dividend, preferring to retain flexibility for growth investment.
Duncan said the second half has "started extremely positively", with continued strong performance expected through 2026 and into 2027.
News Intelligence what this means for the company
RentGuarantor swung to profitability in H1 2026 on the back of a 250% revenue surge to £3.39 million, driven by implementation of the Renters' Rights Act in May. The company has now raised £6 million in total liquidity (£1 million in June equity plus £2.15 million from warrant exercises by 10 August), positioning itself to invest in automation and AI while debt-free—a material shift from loss-making operations a year ago.
The company moved to positive monthly EBITDA in May 2026, and the H1 results confirm that inflection is real: adjusted EBITDA of £110k and adjusted net profit of £250k represent a swing from losses in the prior year. With £6 million cash on hand and no debt, RentGuarantor has runway to scale operations and capture what management describes as continued strong demand through 2026–27, though execution risk on AI investment and sustained regulatory tailwinds remains.
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