RentGuarantor shares jump on full-year revenue guidance update

RentGuarantor Holdings PLC shares surged on Wednesday after the company said it expects full-year revenue to be "materially" above market expectations.

Shares in RentGuarantor, which provides rent guarantee services in the UK private rental sector, rose 17% to 91.55 pence in London on Wednesday.

RentGuarantor said it expects full-year revenue, adjusted net profit and earnings before interest, tax, depreciation and amortisation to beat market expectations. The company said it now expects revenue of more than £14 million and net profit of more than £4 million for 2026.

According to RentGuarantor, the market currently expects revenue to be in the range of £9.1 million to £10.0 million, while adjusted net profit is estimated at £1.2 million to £2.4 million.

Revenue for 2025 was £2.4 million, while the pretax loss was £1.6 million.

On Wednesday, the company reported that revenue grew to £8.5 million in the eight months to August, from £1.5 million in the same period last year, while adjusted net profit rose to £2.9 million from a loss of £392,000.

RentGuarantor said its performance was driven by a growing customer base and expanding partnerships, supported by the positive impact of the Renters' Rights Act's implementation.

The contracts completed in the eight months to August were 8,257, compared with 2,008 a year earlier, and the company said it is increasingly confident it will hit its target of 100,000 contracts by 2029.

At the end of August, cash increased to around £7.5 million from £2.4 million at June 30, prompting the company to consider introducing a dividend policy.

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