Full Year Trading Update

Rank Group PLC

14 July 2026

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

The Rank Group Plc
LEI: 213800TXKD6XZWOFTE12

14 July 2026

Full Year Trading Update

Strong underlying operating profit - ahead of expectations

The Rank Group Plc (LSE: RNK) ('Rank' or the 'Group') provides an update in respect of its trading performance for the 12 months to 30 June 2026, and an update on a separately disclosed item ('SDI') which is expected to be included in the 2025/26 financial statements.

Group like-for-like ('LFL')¹ Net Gaming Revenue ('NGR')² for the year grew by 6% to c.£834.1m and the Group now expects to report full year underlying operating profit ahead of expectations, being at least £76m³.  

LFL NGR	Q4 2025/26 £m	Q4 2025/26 YoY change	FY 2025/26 £m	FY 2025/26 YoY change
Grosvenor venues	98.3	3%	397.3	5%
Digital	63.9	12%	248.5	8%
Mecca venues	35.4	4%	143.0	4%
Enracha venues	11.3	6%	45.3	7%
Group	208.9	6%	834.1	6%

Grosvenor venues LFL NGR grew 3% in Q4, despite the disruption to international travel related to the ongoing conflict in the Middle East. Most notably, gaming machine performance improved 12% in Q4 (Q3: 10%), a result of the initial optimisation work undertaken. Maximising performance of the gaming machine estate, which increased by 850 terminals (+60%) in H1, remains a significant growth opportunity.

The Digital business also performed strongly in Q4, growing 12%, with LFL NGR in the UK business up 12% (Q3: 2%). The significant improvement in performance compared to Q3 was delivered despite cost mitigations that we undertook in the aftermath of the Autumn Budget announcement (November 2025), which increased Remote Gaming Duty ('RGD') to 40%, effective from 1 April 2026. The decision to protect performance marketing and customer incentives, whilst making significant savings in above the line marketing spend, supplier costs and headcount reductions, has helped to secure strong revenue performance and robust profit delivery in Q4.

Mecca venues and Enracha performance has continued in line with expectations.

Across all businesses, operating expenses have been closely managed.

Separately Disclosed Item with respect to a proposed regulatory settlement

On 20 May 2026, the Group submitted a regulatory settlement proposal to the Gambling Commission that included a proposed payment of £5.0m in lieu of a financial penalty. This followed receipt of preliminary findings from the Gambling Commission in the course of its review of the operating licence held by Grosvenor Casinos Limited, and was calculated with reference to the licensee's gross gambling yield during the reviewed period (1 November 2024 to 1 May 2025) in accordance with the Gambling Commission's updated statement of principles for determining a payment in lieu of a financial penalty which came into effect on 10 October 2025.

The review relates to historical compliance failings, and the Group has engaged constructively with the Gambling Commission throughout. Remedial actions were substantially implemented in H1 2025/26.

The Gambling Commission has confirmed to the Group that it is minded to accept the settlement proposal and we await receipt of the finalisation letter.

As a result, the Group's SDIs are expected to include a £5.0m provision related to this regulatory settlement.

Richard Harris, Chief Executive, said:  

"Our expected profit outturn for the year reflects the progress we have made in executing our plan for growth, despite the significant cost and taxation headwinds that we have incurred during the year.

"We have worked hard to mitigate the impact of the RGD increase, whilst protecting digital revenues and optimising performance in our land-based businesses. Our UK digital business has performed well since taxes increased in April and we are continuing to see growth in our Grosvenor business as the machine performance optimisation work progresses. Gaming machine revenue growth remains a significant opportunity for the Group.   

"We have engaged constructively with the Gambling Commission to address historical compliance issues dating back to a prior year and remedial actions were substantially implemented during the first half of 2025/26.

"The Group remains focussed on our ambition to deliver at least £100m operating profit in the medium term, evolving Rank's longer term strategy and maximising shareholder value."

Rank will publish its preliminary results for 2025/26 on 13 August 2026.

The person responsible for making this announcement on behalf of Rank is David Williams, Director of Corporate Affairs & Investor Relations.

Ends

Contacts: Rank
David Williams - corporate affairs & investor relations	[e-mail]
Media Enquiries: FTI Consulting LLP (PR adviser to Rank)
Edward Bridges	Tel: [phone]
Matthew Young	Tel: [phone]
Notes to editors:
1. Like-for-like ('LFL') excludes the impact of club closures, foreign exchange movements, business disposals and new markets that have not been open for more than 12 months.
2. Net Gaming Revenue ('NGR') represents Gross Gaming Revenue less customer incentives.
3. Company-compiled analyst consensus for 2025/26 underlying operating profit is £68.2m.

 

END