Quarterly Trading Update

RentGuarantor (AQSE: RGG), a provider of rent guarantee services to prospective tenants across the socioeconomic spectrum wishing to rent property in the UK private rental sector, is pleased to provide a quarterly trading update for the three-month period ended 31 March 2025 ("Q1" or the "Quarter").

Highlights

Strong growth

For Q1 2025, revenue is up 91.9% year-on-year ("YoY") compared with the same quarter last year, and the average revenue per tenant contract also rose by 2.5% YoY.

Signing of partnership agreements

In Q1, the Company signed partnership agreements with a total of 91 introducers, including four councils.

Completion of CLN Fundraise

During the Quarter, RentGuarantor announced that it had raised £455,274.83 by issuing 10% coupon unsecured convertible loan notes. This fundraising will be used for working capital and capital expenditure requirements.

Appointment of Corporate Adviser

In Q1 2025, RentGuarantor appointed Allenby Capital Limited as its AQSE Corporate Adviser.

Release of Final Results

RentGuarantor announced its final results for the year ended 31 December 2024 during Q1, outlining the further growth of its technology and the addition of new strategic relationships and partnerships, underpinned by a positive financial performance.

Attendance at industry and investor conferences

RentGuarantor attended seven events during the Quarter, helping to increase the visibility of the Company amongst landlords, investors and potential partners.

Paul Foy, CEO of RentGuarantor, said: "I'm delighted to have commenced 2025 in a similarly positive fashion to 2024. Our final results were released during the Quarter, demonstrating growth across the business that has continued into the new year, with revenue up 91.9% year-on-year for Q1 2025. Our continued engagement with potential partners and onboarding of 91 new introducers, including four councils, during the Quarter is indicative of the growing sentiment within the sector around the importance of having a professional guarantor in place, especially in anticipation of the forthcoming Renters' Rights Bill.

With this growth potential in mind, and with the view to expediting the Company's advancement, I was pleased to conclude our fundraise via the convertible loan notes, which had a strong response from numerous investors and will be used for working capital and key capital expenditure initiatives.

I look forward to keeping you updated with exciting news flow over these coming months."

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