London · Delayed Price · Currency is GBP · Price in GBX The Rank Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue and profit grew strongly across all segments, with digital and gaming machines driving performance. Estate optimization and disciplined CapEx support future growth, while higher taxes and regulatory changes pose risks. Momentum continues into the new year.
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Net gaming revenue grew 6% to £419.8m and operating profit rose 15% to £40.6m year-over-year, with strong performance across all segments. The group remains on track for £100m+ operating profit, despite higher UK digital gaming taxes and a £6.5m Spanish fraud loss.
Fiscal Year 2025
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The group is leveraging land-based gaming reforms, disciplined capital investment, and a strong people-focused culture to drive double-digit revenue growth, margin expansion, and a medium-term target of £9.5m+ weekly NGR. Early results from expanded slot capacity are promising, with further upside expected as cross-channel integration and sports betting mature.
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Double-digit revenue and profit growth were achieved across all segments, driven by strong casino and digital performance, with major UK casino reforms enabling a significant increase in gaming machines. Elevated capital investment continues, with a clear path to £100+ million operating profit by FY 2028.
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Delivered strong H1 results with 13% revenue and 55% operating profit growth, driven by robust performances across Grosvenor, digital, and Mecca segments. Positioned for further gains with regulatory reforms, efficiency programs, and continued investment.
Fiscal Year 2024
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Delivered 9% NGR growth and strong profitability, with all segments contributing to improved results. Digital business led with 12% NGR growth and margin expansion, while a robust cash position enabled dividend reinstatement and continued investment.