The Rank Group plc (RNK.L) has reported that like-for-like net gaming revenue rose 6% to approximately £834.1 million for fiscal 2025-2026.
The gaming and entertainment operator said it expects underlying operating profit to come in ahead of expectations at a minimum of £76 million for the full year.
Strong gaming revenue growth combined with disciplined cost management were cited as the key drivers behind the better-than-expected profit outcome.
The Digital division delivered particularly strong fourth-quarter growth, achieving this despite the increase in UK Remote Gaming Duty that weighed on the broader sector.
Grosvenor continued to benefit from gaming machine optimization, supporting its contribution to the group’s improved performance across the year.
Breaking down the revenue figures, Grosvenor venues revenue rose 3% to £98.3 million, while Digital revenue surged 12% to £63.9 million for the period.
Mecca venues revenue grew 4% to £35.4 million, and Enracha venues revenue advanced 6% to £11.3 million, with all divisions posting positive growth.
The company also flagged that it expects to record a £5 million provision in its fiscal 2025-2026 results related to a proposed regulatory settlement with the UK Gambling Commission over historical compliance failings.
The regulator has indicated it is minded to accept the settlement proposal, which would resolve outstanding compliance concerns tied to past operations.
While the regulatory provision presents a one-off charge, the underlying business momentum positions Rank Group firmly on its growth trajectory heading into the next fiscal period.
Looking further ahead, the company reaffirmed its medium-term ambition to deliver at least £100 million in operating profit, signalling continued confidence in its strategic direction.
Rank Group is scheduled to publish its full fiscal 2025-2026 results on August 13, when investors will get a more detailed breakdown of the year’s performance.
On Monday, The Rank Group closed trading 0.53% higher at GBp 94.50 on the London Stock Exchange, reflecting cautious optimism from the market ahead of the upcoming results release.
