REG - Rank Group PLC - Trading Statement

RankAnnouncement

10/04/2025 07:00

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RNS Number : 4047E  Rank Group PLC  10 April 2025

The Rank Group Plc

LEI: 213800TXKD6XZWOFTE12

10 April 2025

Q3 2024/25 trading update

Ongoing growth and momentum across all businesses, with land-based reforms on
the horizon

Group overview: Group like-for-like Net Gaming Revenue ('NGR') for the third
quarter ended 31 March 2025 ('Q3') grew 10.9% to £195.6m, with year to date
NGR up 12.2% on prior year. On a channel basis, digital like-for-like NGR for
Q3 was up 15.4% and venues like-for-like NGR was up 9.1%.

 

 LFL NGR           Q3 2024/25  Q3 2024/25 YoY change  YTD 2024/25 £m   YTD

                   £m                                                  YoY change
 Grosvenor venues  90.4        13.0%                  283.2            14.4%
 Digital           58.4        15.4%                  178.6            14.7%
 Mecca venues      36.6        1.9%                   105.2            4.8%
 Enracha venues    10.2        4.1%                   30.4             5.9%
 Group             195.6       10.9%                  597.4            12.2%

 

 

Grosvenor venues like-for-like NGR grew 13.0%, driven by strong performance in
table gaming, +14.5%, and electronic roulette, +9.5%, both of which continue
to deliver the benefits from the positive customer reaction to the investment
we have been making in our product.

Digital like-for-like NGR growth continued to be strong in the UK business,
growing by 18.3%, with the Grosvenor brand, +43.2%, the stand-out contributor
to the performance. In Spain, NGR was 2.9% lower than the prior year; we
expect the developments we are making to the platform and customer proposition
to return it to growth in H1 2025/26.

Mecca venues like-for-like NGR grew 1.9% in the period. Customer visits were
down 1.8% on prior year, but spend per visit was up 3.8%. Year to date growth
is 4.8%.

Enracha venues continued to perform strongly with Q3 like-for-like NGR growth
of 4.1% and year to date growth of 5.9%.

 

John O'Reilly, Chief Executive, said:

"Since announcing our interim results in January, we have continued to deliver
strong growth and expect to deliver Group like-for-like operating profit for
the full year in line with expectations. This is notwithstanding the uncertain
economic environment and the significant cost and regulatory headwinds that we
face from the start of Q4 (1 April 2025).

We expect the Government to publish the statutory instruments for land-based
casino reforms in the coming weeks and anticipate the roll out of additional
machines and sports betting to commence during the summer.

A big thank you to my colleagues across the Rank Group for their continued
commitment to enhancing the experience for our customers."

 

Rank will announce its preliminary results for the 12 months ending 30 June
2025 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.     NGR represents Gross Gaming Revenue after customer incentives.

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

3.     All comparisons are with the same period in 2023/24.

4.     Q3 is for the period 1 January to 31 March. Q3 2023/24 had 91 days
and Q3 2024/25 had 90 days.

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