RentGuarantor (RGG) has reported its first profitable half-year since listing on AIM, driven by strong demand for its professional rent guarantor service and the impact of the Renters' Rights Act. The company said trading momentum has continued into July and now expects full-year revenue and profit to come in materially ahead of market expectations.
During the six months to 30 June 2026, unaudited revenue increased 250% year-on-year to £3.39 million from £0.97 million. Completed contracts rose 179% to 3,703, while paid applications more than doubled to 8,936, reflecting accelerating adoption by tenants, landlords and letting agents.
The strong revenue growth and increasing operational leverage enabled RentGuarantor to deliver positive adjusted EBITDA of about £110,000, compared with an adjusted EBITDA loss of £124,000 in the first half of 2025. The group also reported an adjusted net profit of about £250,000, reversing an adjusted net loss of £367,000 a year earlier.
Meanwhile, the balance sheet has been significantly strengthened. The company repaid all outstanding directors' loans and convertible loan notes by early June, simplifying its capital structure. Following its £1.0 million equity placing in June and continued cash generation, cash at 30 June 2026 stood at about £2.4 million, up from £0.73 million a year earlier.
Looking ahead, RentGuarantor expects trading to strengthen further during the second half of the year. The company highlighted a 341% increase in daily applications during June, the launch of its RGG Tech Lab in Bristol to expand AI and automation capabilities, and the first full third quarter operating under the Renters' Rights Act - historically its strongest trading period.
As a result, the Board now expects FY2026 revenue to be materially above market expectations, while adjusted profit before tax is also forecast to be materially ahead of current market forecasts.
RentGuarantor’s Chief Executive Paul Foy: "RentGuarantor has continued to reach new audiences through a growing network of partnerships with letting agencies, councils and relevant industry bodies, reinforced by a significant marketing output that encompasses event and award sponsorships alongside targeted advertisements and campaigns. We believe that these efforts, together with the structural demand shift associated with the Renters' Rights Act, are bearing fruit for the Company and are reflected in the latest trading figures.”
View from Vox
RentGuarantor has reached an important milestone by delivering its first profitable half-year while maintaining rapid revenue growth. With regulatory changes continuing to support demand, a stronger balance sheet and management now guiding for results materially ahead of expectations, the company appears well positioned to sustain its growth trajectory through the remainder of 2026.