Trading Update
Summary by AI BETAClose X
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
1 October 2026
RentGuarantor Holdings PLC
(the “Company” or “RentGuarantor” and including its subsidiaries, the “Group”)
Trading Update
RentGuarantor (AIM: RGG), a leading provider of rent guarantee services, which includes property protection, to tenants and landlords in the UK1 private rental sector, is pleased to provide an unaudited trading update covering the nine months ended 30 September 2026 (the “Period”) and a material upgrade to the Board’s expectations for the financial year ending 31 December 2026 (“FY2026”).
Trading performance
Exceptional growth with significant acceleration in revenue and profitability
|
|
Jan-Sept 2026 |
Jan-Sept 2025 |
|
Revenue |
£13 million |
£1.72 million |
|
% YoY Period Increase |
656% |
|
|
No. Of Applications |
21,747 |
7,066 |
|
% YoY Period Increase |
208% |
|
|
No. Of Contracts |
11,608 |
2,343 |
|
% YoY Period Increase |
395% |
|
|
Avg. Value of Contracts |
£1,119 |
£734 |
|
% YoY Period Increase |
53% |
|
|
Adjusted EBITDA |
£5.85m |
(£189k) |
|
Adjusted Net Profit/(Loss) |
£5.93m |
(£480k) |
The Group has delivered exceptional growth across its key operating and financial measures, with the rate of growth having accelerated significantly during the third quarter and especially in late September, during the prime student letting season. Revenue in the month of September 2026 was £4.5 million (September 2025: £0.24 million), taking revenue for the Period to £13 million, up approximately 656% from £1.72 million in the corresponding period in 2025.
This growth has been underpinned by a substantial increase in customer and contract volumes. Applications during the Period have increased by 208% to 21,747 (nine months ended 30 September 2025: 7,066), while contracts have increased by 395% to 11,608 (nine months ended 30 September 2025: 2,343). Average contract value also increased by 53% to £1,119 (nine months ended 30 September 2025: £743). Despite the substantial growth in contracts, the claims ratio remains in line with the Board’s expectations and risk policy.
The significant growth in contract volumes, combined with the scalability of the Group’s operating model, has driven a substantial improvement in profitability. EBITDA for the Period was £5.85 million, compared with an adjusted EBITDA loss of £0.19 million in the corresponding period in 2025 (excluding costs associated with admission to AIM). Net profit for the Period increased to £5.93 million, compared with an adjusted net loss of £0.48 million (excluding costs associated with admission to AIM) for the corresponding period in 2025.
Outlook
The Board is particularly encouraged by the continued acceleration in trading during the year, and the increasing operational leverage as the business scales. This growth has been enabled by the Group’s investment in prior periods to allow the business to scale, and we will continue to invest in technology, people, sales and operational infrastructure to support further growth, while maintaining a disciplined approach to costs and cash management.
The Board remains focused on converting the substantial demand for RentGuarantor's services into further contracted business and remains confident in the Group’s trading outlook and expects revenue for FY2026 to be materially above current market expectations2, and for both EBITDA3 and net profit4 to be materially ahead of current market expectations for the year.
The Board now expects for the Group to deliver revenue in excess of £19 million (previous guidance of in excess of £14 million) and net profit in excess of £9 million for FY2026 (previous guidance of in excess of £4 million) and is also encouraged by the outlook for FY2027.
The previous guidance was announced on 2 September 2026 in the Group's trading update covering the eight months ended 31 August 2026.
Paul Foy, CEO of RentGuarantor, commented: “RentGuarantor has continued to deliver exceptional growth during 2026, with the significant increase in applications and contracts translating directly into substantial revenue growth and, importantly, generating solid profitability as the business scales.
“The Board is particularly encouraged by the operational leverage now being demonstrated across the business. We continue to see significant demand for our professional guarantor solution and remain focused on investing in the infrastructure required to support the Company's continued growth.
“We enter the final quarter of the year with strong momentum and remain confident in the long-term opportunity and growth prospects for RentGuarantor.”
Notes
This trading update contains forward-looking statements which are based on current expectations and involve risks and uncertainties. Actual results may differ materially.
To engage with this announcement on our Investor Hub, please use the following link: https://investorhub.rentguarantor.com/link/P7NzKr
For more information, please contact:
|
RentGuarantor Holdings PLC Paul Foy, Chief Executive Officer +44 207 193 4418 Kam Bansil / Ian Mitchell, Investor Relations +44 207 039 1901
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Allenby Capital Limited AIM Nominated Adviser Alex Brearley / Nick Harriss / Ashur Joseph (Corporate Finance) +44 20 3328 5656
|
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Cavendish Capital Markets Limited Joint Broker Stephen Keys / Callum Davidson (Corporate Finance) Michael Johnson / Dale Bellis (Sales) +44 20 7220 0500
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Shore Capital Joint Broker Oliver Jackson / James Thomas / Ansh Batura +44 207 7408 4090
|
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BlytheRay Financial PR Megan Ray / Will Jones +44 207 138 3204 rentguarantor@blytheray.com
|
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About RentGuarantor
RentGuarantor provides a rent guarantee service to tenants wishing to rent property in the UK1 from the Private Rental Sector("PRS"). It is an online service where applications are managed on a secure and bespoke digital platform designed and built by the Company. The goal is to make the process as simple as possible, with applications only taking a few minutes and RentGuarantor seeking to complete the application on the same day.
1 Currently excluding Northern Ireland.
2 Management understands that market forecasts immediately prior to the release of this announcement for revenue were in the range of approximately £14 million to approximately £15.1 million.
3 Management understands that market forecasts immediately prior to the release of this announcement for adjusted EBITDA were in the range of approximately £4.1 million to approximately £4.9 million.
4 Management understands that market forecasts immediately prior to the release of this announcement for net profit were in the range of approximately £4.0 million to approximately £4.6 million.
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