The Rank Group Plc reported a significant boost in financial performance for the fiscal year ending 30 June 2025, with both its land-based venues and digital operations contributing to robust growth. Group like-for-like net gaming revenue (NGR) rose by 11% to £795.3 million, while underlying operating profit increased by 38% to £63.7 million.
Statutory profit before tax soared to £53.9 million—up from £15.5 million last year—marking a 248% year-on-year increase. Total reported NGR stood at £795.4 million, 8% higher than in 2023/24. The Group also saw its return on capital employed (ROCE) climb from 10.3% to 14.5%.
Chief Executive John O’Reilly said: “We have had another successful year, delivering revenue growth and profit ahead of our expectations. Both online and in our venues the customer reaction to the investments we are making in our businesses has been excellent.”
Venue Growth Backed by Reforms and Investment
The company’s land-based operations recorded strong gains. Grosvenor Casinos, its largest venue brand, saw revenue jump by 14%, with weekly NGR averaging £7.3 million—up from £6.3 million the previous year. Mecca Bingo venues also delivered a 5% rise in NGR, while Spanish-facing Enracha operations achieved a 9% increase, driven by continued enhancements to gaming machine offerings.
A significant development for Rank was the passage of landmark land-based casino reforms into law in July 2025. These changes will allow the addition of approximately 850 gaming machines across 50 Grosvenor venues, on top of the current 1,367 machines. Sports betting is also set to roll out in 38 locations, broadening the appeal of the Group’s casino experience.
O’Reilly commented, “With the long-awaited legislative reforms for casinos now delivered, the Group is at an exciting inflection point. The Grosvenor business will benefit from the higher gaming machine allocations and the introduction of sports betting.”
Digital Operations Sustain Momentum
Rank’s digital segment also reported a 10% increase in like-for-like NGR, aligned with its medium-term forecast of 8–12% compound annual growth. The business benefited from proprietary platform enhancements, new app rollouts, and expanded product offerings aimed at creating a seamless experience across online and physical channels.
Despite ongoing regulatory pressures from the UK Gambling Act Review, Rank improved its digital operating margins and introduced new safer gambling tools through its centralised engagement platform.
Cash Flow, Debt, and Future Outlook
The company ended the fiscal year with net cash (pre-IFRS 16) of £45.4 million—more than double the prior year—and net debt reduced slightly to £130.8 million. Free cash flow held steady at £27.7 million. The total dividend for the year was raised to 2.60 pence per share, up from 0.85 pence.
Looking ahead, Rank reported a 9% increase in Group NGR for the first six weeks of the new financial year and remains confident in meeting 2025/26 expectations.
O’Reilly added, “We have a very strong roadmap of opportunity to build further success for the Rank Group over the coming years.”
Source:
“The Rank Group Plc (‘Rank’ or the ‘Group’) – Preliminary results for the 12 months ended 30 June 2025”, wp-rankgroup, August 14, 2025
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