RentGuarantor (RGG) , a provider of rent guarantee services to prospective tenants, announced its interim results for the 6 months ended June 30, 2025 (H1 2025).
RentGuarantor reported revenues of £970k for the half year, an 87% increase from the equivalent period last year. This interim revenue represents 76% of RGG's total revenue for 2024. Losses also narrowed to £216k - not counting one-off AIM admissions costs of £227k incurred in August 2025 when RGG listed on the LSE.
RGG completed 1,316 contracts in H1, nearly doubling year-on-year from 713 in H1 2024. The group signed a total of 169 partnership agreements with letting agents and groups, up from 122 LY. Average fee per applicant stayed largely flat at £731.
RGG raised £455k via CLNs in January 2025, and a further £1.02m via a share subscription in June 2025. Cash and cash eq at period end stood at £729k.
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RentGuarantor continues to deliver significant year-on-year growth as turnover surges 87% on 1H24 to £970k. For context, this level of interim revenue now represents 76% of the group's total FY24 revenue. Operating losses also narrowed by half to £216k, ignoring one-off costs associated with RGG's move to the AIM market in August 2025, which is expected to further boost sales.
The surge in revenue was marked by a doubling of tenant contracts, while strong demand for RGG's services was underpinned by 169 new partnership agreements with a range of customers from across the letting sector. The rapid growth reflects RGG's ongoing product development, technology investment, a strong focus on marketing, and subsequent expansion of partnerships across the sector.
To fund further expansion, the group successfully raised £1.51m during the half, adding to a strong balance sheet of £729k cash at period-end. Looking ahead, with 5.4 million households privately renting in the UK and rising, RGG expects demand for its services to continue growing, underpinned by proposed regulatory changes under the upcoming Renters' Rights Bill. The regulation will introduce new legislative requirements for the rental market - good news for RGG as it should drive increased demand from both tenants and landlords seeking secure and compliant rental solutions.
Overall, RGG is well-positioned for strong growth in the short-to-medium term. Favourable regulation and a solid pipeline of partnerships and continued business development, alongside the £1.51m boost to the balance sheet and move to AIM, sets the stage for continued growth in user numbers.
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