Key Highlights

  • Range International shares touched a 52-week low during the session on Monday 9 November 2026 and closed at $0.079, down 10.23%.
  • The company announced a 1-for-1 entitlement issue at 9 cents to raise up to A$1.686 million.
  • An Indonesian 3PL with two clients is testing Re>Pal pallets, and one client has indicated it will issue an order.

Range International Limited (ASX:RAN) touched a 52-week low during the Trading session on Monday, 9 November 2026, and closed at $0.079, down 10.23%. Range manufactures Re>Pal zero-waste plastic pallets, and is pursuing sales and pallet rental opportunities.

Latest Development: Quarterly Report, 27 October 2026

Range released its quarterly activities report and Appendix 4C for the September 2026 quarter on 27 October 2026. The report said cash burn was reduced and pallet production volumes and quality improved.

Following a Trading halt on 29 September 2026, the company announced a 1-for-1 entitlement issue on 1 October 2026 at 9 cents per share to raise up to A$1.686 million. The company said almost 60% of proceeds would go to its pallet rental opportunity if the issue is fully subscribed.

After quarter end, a major Indonesian third-party logistics provider with two clients was testing Re>Pal pallets. One client has advised that it will issue an order, and both are considering replacing their wooden pallet fleets over time.

About the Company

Range manufactures reusable plastic pallets intended to replace wooden pallets in logistics networks, and it has sales and rental arrangements with customers.

Sector Context

Pallet markets are shaped by logistics operators' fleet decisions, plastic and freight costs, and environmental standards on wooden packaging.

Risks and What to Watch Ahead

The company is funding operations through an entitlement issue, and the outcome depends on take-up. Customer trials do not guarantee orders.

Watch items include the entitlement issue outcome, the Indonesian order timing and rental revenue.

Final Word

Range's Quarterly Report sets out lower cash burn, an Indonesian pipeline and a Capital raising that would fund the rental strategy.