Rent.com.au Limited (ASX:RNT) Releases Q3 FY25 Activities Report
Financial Performance
Rent.com.au Limited reported net cash used in operating activities of $497k for the current quarter and $996k for the year to date. Net cash used in investing activities was $415k for the current quarter and $1,232k for the year to date. The company also reported a net cash used in financing activities of $59k for the current quarter and $2,220k for the year to date.
Corporate Actions
On 29 April 2025, Rent.com.au Limited completed a fully-underwritten entitlement issue, raising $1.7 million before costs. The company expects this capital raise to cover any shortfalls and support its operations.
Outlook
Rent.com.au Limited anticipates continuing its operations and meeting business objectives based on an improving operating cash outlook and the recent capital raised through the entitlement issue.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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