Rank Group (RNK) Q3 2026 TU earnings summary

Executive summary

• Q3 2025/26 like-for-like Net Gaming Revenue (NGR) grew 5% year-over-year to £205.4m, with year-to-date NGR up 6%.

• Full year underlying like-for-like operating profit is expected to be at least £68m, above the analyst consensus range of £65.1–£68.2m.

• All business segments reported revenue growth despite a challenging macroeconomic environment.

Financial highlights

• Digital NGR for Q3 increased 4% year-over-year; venues like-for-like NGR rose 6%.

• Grosvenor venues NGR up 5% to £95.0m; Mecca venues up 5% to £37.8m; Enracha venues up 9% to £11.7m.

• Group year-to-date NGR reached £625.2m, up 6% from the prior year.

Outlook and guidance

• Further year-on-year revenue growth expected in Q4.

• Full year underlying like-for-like operating profit forecasted at a minimum of £68m.

• Energy cost volatility is not expected to materially impact profitability in 2025/26 or 2026/27 due to hedging.

• Medium-term objective set to generate at least £100m operating profit.