RentGuarantor upgrades steering once more as income soars
RentGuarantor shares jumped on Thursday after it upgraded its full-year steering for the second time in a month because the hire assure firm’s speedy development accelerated.
The firm is proving to be an actual success.
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The AIM-listed group stated income for the 9 months to 30 September reached £13m, up 656% on the £1.72m of a yr earlier, with September alone bringing in £4.5m, greater than 18 instances the extent of a yr earlier than, boosted by the height pupil letting season.
The variety of contracts accomplished rose nearly fivefold to 11,608, and the typical contract worth climbed 53% to £1,119.
The speedy development pushed adjusted EBITDA to £5.85m, up from a small loss a yr earlier, with web revenue of £5.93m. The firm stated its claims ratio, a key measure of threat for a guarantor, remained according to expectations.
On the again of acclerating income, RentGuarantor raised its full-year steering to income of greater than £19m and web revenue above £9m, up from the £14m and £4m it had guided to as lately as early September. It stated it was additionally inspired by subsequent yr’s outlook.
Paul Foy, CEO of RentGuarantor, commented: “RentGuarantor has continued to ship distinctive development throughout 2026, with the numerous improve in purposes and contracts translating immediately into substantial income development and, importantly, producing strong profitability because the commerce scales.”
The RentGuarantor share worth rose 17% on Thursday.
