Rank Group (LSE:RNK) reported a 6% increase in like-for-like net gaming revenue to approximately £834.1 million for the year ended 30 June 2026 and has upgraded its profit outlook, with underlying operating profit now expected to reach at least £76 million, ahead of market consensus.
The improved performance was driven by a strong fourth quarter at Grosvenor casinos, where gaming machine revenue climbed 12%. Digital operations also delivered robust growth, with net gaming revenue rising 12%, supported by efficiency savings that enabled the company to maintain performance marketing investment despite the higher Remote Gaming Duty.
Performance at Mecca and Enracha venues was in line with expectations, while the group continued to exercise tight control over operating costs. Rank also announced a £5 million provision relating to a proposed regulatory settlement with the Gambling Commission over historic compliance issues at Grosvenor Casinos. The company said the required remedial measures have now been substantially completed and reiterated its medium-term objective of achieving operating profit of at least £100 million.
Rank is scheduled to publish its preliminary results for the 2025/26 financial year on 13 August 2026, when it will provide further detail on how digital expansion and gaming machine optimisation contributed to profitability. The latest trading update highlights management’s strategy of using operational efficiencies and a stronger revenue mix to offset higher taxation and regulatory costs while supporting long-term shareholder returns.
While the company’s outlook is supported by improved financial performance and an attractive valuation, investor sentiment remains constrained by weak technical indicators, including a sustained downtrend and negative price momentum. Near-term risks also include the financial impact of the higher Remote Gaming Duty, together with cash flow and lease-related pressures.
About Rank Group plc
Rank Group plc is a UK-listed gaming and betting operator whose portfolio includes Grosvenor casinos, Mecca bingo clubs, Enracha venues in Spain and a range of online gaming platforms. The company operates across both land-based and digital gaming markets, with a strategic focus on expanding its digital business and enhancing the performance of its gaming machine estate.
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