REG - Rank Group PLC - Q3 2025/26 Trading Update

RankAnnouncement

Today 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:20260415:nRSO4704Aa&default-theme=true

RNS Number : 4704A  Rank Group PLC  15 April 2026

The Rank Group Plc ("Rank" or "Group")

LEI: 213800TXKD6XZWOFTE12

15 April 2026

Q3 2025/26 trading update

Continued revenue growth across all businesses

Full year underlying LFL operating profit expected to be at least £68m (1)

Group overview: Group like-for-like ('LFL') Net Gaming Revenue ('NGR') for the
third quarter ended 31 March 2026 ('Q3') grew 5% to £205.4m year-on-year,
with year-to-date NGR up 6% on prior year. On a channel basis, digital NGR for
Q3 was up 4% and venues LFL NGR was up 6%.

As a result of the strong profit conversion from the revenue growth in Q3, the
Group now expects full year underlying LFL operating profit to be at least
£68m.

 LFL NGR           Q3 2025/26  Q3 2025/26 YoY change  YTD 2025/26 £m   YTD

                   £m                                                  YoY change
 Grosvenor venues  95.0        5%                     299.0            6%
 Digital           60.9        4%                     184.6            6%
 Mecca venues      37.8        5%                     107.6            5%
 Enracha venues    11.7        9%                     34.0             7%
 Group             205.4       5%                     625.2            6%

 

Grosvenor venues LFL NGR grew 5% in the period. Whilst it is likely that the
Middle East conflict will create ongoing uncertainty around international
travel, we expect to see continued revenue growth in Q4. At a product level,
gaming machines were the fastest growing vertical, +10%, with significant room
for further improvement as we optimise the performance of the additional
machines.

Digital LFL NGR grew 4% with the UK business growing 2%. Key mitigations to
offset much of the impact of the increase in Remote Gaming Duty ('RGD') to
40%, effective from 1 April 2026, have been implemented with significant
savings in above the line marketing spend, supplier costs and headcount
reductions. Performance marketing spend and customer incentives have been
protected.

The international business continued to improve with LFL growth of 14% as a
result of the platform and customer proposition improvements we have made over
the last 12 months.

Mecca venues LFL NGR grew 5% in the period. The Mecca venues business is well
on track to deliver double digit operating profit in 2026/27, accelerated by
the abolition of Bingo Duty, effective from 1 April 2026.

Enracha venues continued to perform strongly with Q3 LFL NGR growth of 9%
driven by continued strong performance in gaming machines, 27%. Total year to
date NGR growth is 7%.

Outlook

The Group expects to deliver further year-on-year revenue growth in Q4 and
full year LFL underlying operating profits are expected to be at least £68m.
This takes account of energy cost volatility which, based on current market
prices and reflecting the Group's hedging policy, is not expected to have a
material impact on profitability in 2025/26 or 2026/27.

Richard Harris, interim Chief Executive, said:

"It was pleasing to see continued revenue growth across all businesses and
strong profit conversion in Q3, despite a tough macroeconomic backdrop. The
results demonstrate the resilience of the business, the strength of the
customer proposition and the growth initiatives we have in place.

"Having implemented the actions required to mitigate much of the impact of
higher RGD in our UK digital business, and with clear plans in place to drive
sustainable revenue growth, the Group is well placed to deliver the
medium-term objective of generating at least £100m operating profit."

Notice of Results

Rank will announce its preliminary results for the 12 months ending 30 June
2026 on 13 August 2026.

 

Ends

Contacts:

Rank

David Williams - corporate affairs & investor relations
              david.williams@rank.com

 

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, club reopenings and
FX.

3. All comparisons are with the same period in 2024/25.

4. Q3 is for the period 1 January to 31 March.

 1  Company compiled analyst consensus range for 2025/26 underlying operating
profit of £65.1 - £68.2m.

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  TSTEAKLLFLEKEFA



            Copyright 2019 Regulatory News Service, all rights reserved