Rent.com.au Limited Reports $1.248 Million Operating Cash Flow and $6.25 Million Available Credit Facility as of June 2026

Operating Cash Flow and Revenue Highlights for Rent.com.au

For the quarter ended 30 June 2026, Rent.com.au Limited reported net cash from operating activities of $1.248 million, contributing to a year-to-date operating cash position of $1.444 million. This reflects the company’s capability to generate revenue from its rental property listing platform and associated services.

Customer receipts for the quarter were $3.125 million, with year-to-date receipts totaling $8.369 million. These revenues stem primarily from Rent.com.au’s rental listing and related service offerings within Australia’s competitive online real estate market, where digital platforms are transforming tenant and landlord interactions.

Significant Investments in Software Development and Loan Book Growth

Rent.com.au invested $525,000 in software development during the quarter, with year-to-date expenditure of $2.072 million, underscoring its commitment to enhancing platform capabilities and user experience.

The company allocated $2.781 million in the quarter to loan book generation, totaling $9.472 million year-to-date. This investment supports the expansion of the RentBond product, which offers rental bonds to eligible tenants, signaling management’s confidence in the product’s market potential and contribution to long-term revenue growth.

Staff and Administrative Expenses Supporting Platform Operations

Staff costs for the quarter amounted to $587,000, with $2.416 million year-to-date, reflecting personnel investments across technology, customer support, and business development functions crucial for platform and lending business growth.

Administrative and corporate expenses were $95,000 for the quarter and $883,000 year-to-date. Additional costs included product manufacturing and operating expenses of $857,000 quarterly and $3.203 million annually, alongside advertising and marketing spend of $92,000 for the quarter and $549,000 year-to-date. These figures illustrate the company’s operational scale and focus on service quality and user acquisition.

$15 Million Senior Secured Credit Facility Fuels RentBond Expansion

Rent.com.au secured a $15 million senior secured credit facility from Eldium Income Fund dedicated to RentBond loan funding. As of 30 June 2026, $8.75 million was drawn, leaving $6.25 million in unused capacity. The facility carries a 15% annual interest rate and matures on 31 July 2027. Additionally, the company has deposited $2.5 million with Eldium Income Fund at 9% interest, restricted for lending use. Security includes a charge over RNT Group assets, providing lender collateral protection. This credit facility underlines lender confidence in the RentBond business and loan performance.

Balance Sheet and Liquidity Status at Quarter-End

At quarter end, Rent.com.au held $6.595 million in cash and cash equivalents, comprising $4.575 million in bank balances and $2.020 million in call deposits, down from $7.469 million at the start of the quarter. The total available funding, combining cash and unused credit, was $12.845 million. Management indicated that estimated quarters of funding available is not applicable (n/a), reflecting expectations of sustained or improved positive operating cash flows.

Financing Activities and Borrowing Trends

During the 12-month year-to-date period, Rent.com.au drew $9.516 million in borrowings, including $2.250 million in the current quarter, primarily from the Eldium Income Fund facility to support RentBond lending. Repayments totaled $856,000 year-to-date and $63,000 in the quarter.

The company raised $7.903 million through option exercises year-to-date, enhancing capital flexibility. Transaction costs amounted to $450,000 for equity and convertible debt issuances and $212,000 for loans and borrowings. Overall, net financing cash inflows reached $18.592 million for the period, reflecting successful access to equity and debt markets to finance growth.

Net Cash Flow and Quarterly Movement Analysis

Rent.com.au’s cash and cash equivalents increased by $7.469 million during the quarter, driven by $2.187 million in financing activities and $1.248 million in operating cash flow, offset by $4.309 million in investing outflows. The cash position moved from $7.449 million in bank balances at the start of the quarter to $6.595 million total cash and equivalents at quarter-end, partly due to placing $1 million in term deposits as part of cash management.

Year-to-date net cash growth was $616,000, with $1.444 million generated from operations and $14.057 million used in investing activities, mainly loan book generation and software development. Strong financing inflows of $18.592 million offset these outflows, enabling the company to sustain cash reserves while investing in growth.

Focused Investing in Software and Lending Product Development

Investing activities totaled $4.309 million for the quarter and $14.057 million year-to-date, primarily allocated to loan book generation ($2.781 million quarterly, $9.472 million annually) to build RentBond’s lending portfolio and market share.

Software development investments were $525,000 quarterly and $2.072 million year-to-date, supporting platform enhancements. Minor capital expenditures on property, plant, and equipment were $3,000 quarterly and $16,000 annually. The company also placed $1 million in term deposits during the quarter and $2.5 million year-to-date as part of conservative liquidity management.

Related Party Transactions and Governance Transparency

Rent.com.au disclosed $119,000 in payments to related parties and associates during the quarter, including director fees and office rent paid to an entity related to Dr. Garry Garside. This disclosure complies with ASX Listing Rules, ensuring transparency in management compensation and property arrangements.

These related party transactions are typical for ASX-listed companies and appear conducted at arm’s length on commercial terms. The payments represent a minor portion of operating expenses and indicate appropriate governance and oversight.

Future Funding and Credit Facility Maturity Outlook

Rent.com.au’s $15 million senior secured credit facility matures on 31 July 2027, giving the company about 12 months from the quarter-end to refinance or secure alternative funding. With $8.75 million currently drawn, the company has demonstrated successful access to this facility but must plan refinancing to avoid disruption.

Positive quarterly operating cash flow of $1.248 million positions Rent.com.au toward self-sufficiency, strengthening its refinancing prospects. Combined with revenue generation from its rental platform and RentBond product and $6.25 million in undrawn credit, the company has multiple options to manage funding needs through maturity. Management’s view that funding extends well beyond two quarters supports this outlook, though refinancing will remain a key investor focus.