Rank Group (RNK) Trading Update summary

Group performance

• Like-for-like net gaming revenue (NGR) for Q3 2024/25 rose 10.9% to £195.6m, with year-to-date NGR up 12.2%.

• Digital NGR grew 15.4% in Q3, while venues NGR increased 9.1%.

• UK digital business saw 18.3% NGR growth, led by Grosvenor brand up 43.2%.

• Spain digital NGR declined 2.9%, with platform improvements expected to restore growth in H1 2025/26.

• Group expects full-year like-for-like operating profit in line with expectations despite economic and regulatory headwinds.

Segment highlights

• Grosvenor venues NGR up 13.0%, driven by table gaming (+14.5%) and electronic roulette (+9.5%).

• Mecca venues NGR up 1.9% in Q3; customer visits down 1.8% but spend per visit up 3.8%.

• Enracha venues NGR up 4.1% in Q3 and 5.9% year-to-date.

Strategic and regulatory outlook

• Statutory instruments for land-based casino reforms expected soon, with rollout of additional machines and sports betting anticipated in summer.

• Continued investment in product and customer experience cited as key growth drivers.

• Preliminary results for the year ending 30 June 2025 to be announced on 14 August 2025.