Rank Group (RNK) H2 2026 TU earnings summary

Trading performance and financial highlights

• Like-for-like net gaming revenue grew 6% to approximately £834.1m for the year ending 30 June 2026.

• Underlying operating profit is expected to be at least £76m, ahead of analyst consensus of £68.2m.

• Digital business saw strong Q4 growth, with UK digital NGR up 12% year-on-year despite increased Remote Gaming Duty.

• Grosvenor venues achieved 3% LFL NGR growth in Q4, with gaming machine performance up 12% following optimisation efforts.

• Operating expenses were closely managed across all business segments.

Regulatory and compliance update

• A £5.0m provision is expected for a proposed regulatory settlement with the Gambling Commission regarding historical compliance failings.

• Remedial actions for compliance issues were substantially implemented in the first half of 2025/26.

• The Gambling Commission is minded to accept the settlement proposal, pending final confirmation.

Strategic outlook and management commentary

• Focus remains on mitigating tax increases while protecting digital revenues and optimising land-based business performance.

• Gaming machine revenue growth is identified as a significant ongoing opportunity.

• The medium-term ambition is to deliver at least £100m operating profit.

• Preliminary results for 2025/26 will be published on 13 August 2026.