RentGuarantor (LSE:RGG) has raised its full-year 2026 guidance after reporting revenue of £13 million for the nine months ended 30 September, an increase of 656% from the same period a year earlier.
Applications increased 208% year-on-year, while the number of contracts rose 395%, with the company reporting increased activity during the student letting season.
Average contract values increased 53% compared with the corresponding period last year.
Adjusted EBITDA Reaches £5.85 Million
RentGuarantor reported adjusted EBITDA of £5.85 million for the nine-month period, compared with a loss in the prior-year period.
Net profit was £5.93 million, while the company said its claims ratio remained within its risk policy.
The company attributed the change in profitability to higher transaction volumes and increased operating leverage from its digital platform.
Full-Year Net Profit Expected to Exceed £9 Million
Following the nine-month performance, RentGuarantor’s board has increased its expectations for the full 2026 financial year.
The company now expects full-year revenue to exceed £19 million and net profit to be more than £9 million. Both forecasts are above its previous guidance.
RentGuarantor said it plans to continue investing in technology, employees and infrastructure to support its operations.
RentGuarantor Provides Services to UK Rental Market
RentGuarantor Holdings operates an online platform providing rent guarantee and property protection services to tenants and landlords in the UK private rental market, excluding Northern Ireland.
Its digital platform processes applications online, with the company targeting same-day completion of approvals.
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