REG - Rank Group PLC - Full Year Trading Update

RankAnnouncement

Thu 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250710:nRSJ4351Qa&default-theme=true

RNS Number : 4351Q  Rank Group PLC  10 July 2025

The Rank Group Plc

LEI: 213800TXKD6XZWOFTE12

10 July 2025

Full Year Trading Update

Strong underlying operating profit - ahead of expectations

The Rank Group Plc (LSE: RNK) ('Rank' or the 'Group') provides a positive
update on its trading performance for the 12 months to 30 June 2025.

Group like-for-like(1) Net Gaming Revenue ('NGR')(2) for the year grew by 11%
to c. £795m and the Group now expects to report full year underlying LFL
operating profit of at least £63m.

John O'Reilly, Chief Executive, said:

"We have enjoyed a very strong year of earnings growth despite the significant
cost and regulatory headwinds that we have faced from the start of Q4. The
momentum experienced in the first three quarters has continued, with strong
trading in Q4 resulting in our full year underlying operating profit being
ahead of expectation.

"We are at an exciting inflection point for the Group with the land-based
casino reforms now law and coming into force from 22 July. At that point, we
will begin the process of securing licence variations from local authorities
in England and Wales ahead of the rollout of additional gaming machines across
the Grosvenor estate to better meet customer demand."

Rank will publish its preliminary results for 2024/25 on 14 August 2025.

Ends

 

Contacts:

Rank

David Williams - corporate affairs & investor relations
                                Tel: +44 1628
504 295

 

Media Enquiries:

FTI Consulting LLP (PR adviser to Rank)

Edward Bridges
 
                                Tel: +44 20
3727 1067

Alex
Beagley
                Tel: +44 20 3727 1045

Notes to editors:

1.     Like-for-like excludes the effects of club closures, foreign
exchange movements and business disposals.

2.     NGR represents Gross Gaming Revenue after customer incentives.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTUPUCPMUPAGQB