RentGuarantor returns to profit as first-half revenue jumps

RentGuarantor (LSE:RGG) delivered a strong first-half performance in 2026, reporting revenue growth of 250% year on year to £3.39 million as demand for its rent guarantee services accelerated across the UK private rental market. The company also recorded a 179% increase in the number of contracts written, benefiting from higher application volumes and rising average contract values. This growth enabled RentGuarantor to return to profitability, generating adjusted EBITDA of approximately £110,000 and adjusted net profit of around £250,000.

The company also strengthened its financial position during the period by repaying all outstanding directors’ loans and convertible loan notes, while raising £1.0 million through an equity placing. As a result, cash balances increased to approximately £2.4 million at the end of June 2026. Looking ahead, management expects performance to improve further in the second half of the year, supported by a growing pipeline of applications, the launch of a new AI-focused technology lab in Bristol and continued demand driven by the UK’s Renters’ Rights Act. The company now expects full-year revenue and adjusted profit before tax to come in materially ahead of market expectations.

About RentGuarantor Holdings PLC

RentGuarantor Holdings PLC is a specialist provider of rent guarantee and property protection services for the UK private rental market. The company offers digital solutions designed to simplify the rental application process, enabling tenants to secure professional guarantor services while providing landlords and letting agents with greater financial security.

Its customer base includes letting agents, landlords, local authorities and tenants, with the business positioned to benefit from evolving rental market regulations, including the Renters’ Rights Act. Through continued investment in technology, artificial intelligence and automation, RentGuarantor aims to improve operational efficiency, enhance customer experience and support the growing demand for professional rent guarantee services.