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Rank Group
Rank Group (RNK) investor relations material
Rank Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary29 Jan, 2026
Executive summary
Like-for-like net gaming revenue rose 6% to £419.8m for the half year ended December 2025, with underlying operating profit up 15% to £40.6m and all business segments showing growth.
Operating profit margin improved to 9.7% from 8.9%, and return on capital employed increased to 15.9%.
Interim dividend per share increased 54% year-over-year to 1.00p, reflecting confidence in the outlook.
Statutory operating profit fell 11% to £31.3m, impacted by a £6.5m payment fraud loss in Spain.
CEO John O'Reilly announced his retirement, with Richard Harris taking over leadership.
Financial highlights
Net free cash flow for the period was £3.8m, with capital expenditure at £27.6m and full-year guidance of £50m–£55m.
Closing net cash stood at £39.4m, and net debt including lease liabilities was £165.1m, up 33% from prior year.
Interim dividend of 1p per share declared, with £9.1m paid in H1.
Working capital outflow was £5m, and cash flows for separately disclosed items totaled £5.5m, including a £6.5m Spanish payment fraud impact.
Underlying earnings per share rose 17% to 5.6p; basic EPS fell 25% to 4.0p due to non-recurring items.
Outlook and guidance
The group remains on track to achieve at least £100m annual operating profit in the medium term.
CapEx guidance for the full year is £50m–£55m, down from £60m due to timing.
The abolition of bingo duty from April is expected to deliver an annualized benefit of £6.5m and enable double-digit operating profit in Mecca next year.
The group anticipates further revenue growth in the second half, supported by a strong pipeline of initiatives.
Significant cost headwinds expected in Q4 from increased Remote Gaming Duty (RGD) and National Living Wage, with mitigating actions underway.
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Next Rank Group earnings date
H2 202613 Aug, 2026
Rank Group
Next Rank Group earnings date
H2 202613 Aug, 2026
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Frequently asked questions
Rank Group Plc is a UK-based leisure and entertainment company operating in the gaming sector. It manages several well-known brands, including Grosvenor Casinos, Mecca Bingo, and Enracha, providing a variety of gambling services across physical venues and digital platforms. The company offers casino table games such as roulette, blackjack, and poker, alongside electronic gaming options and bingo. Rank Group also operates digital gaming platforms, including YoBingo, a major online bingo brand in Spain. Its operations span the UK, Spain, and India, with both venue-based and online services. The company is headquartered in Maidenhead, Berkshire, and its shares are listed on the London Stock Exchange.
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