Rank Group (RNK) Trading Update summary

Group performance

• Like-for-like net gaming revenue (NGR) for Q1 2025/26 grew 9% year-on-year to £210.2m.

• Digital NGR rose 13%, with UK digital up 15% and Grosvenor digital up 31%.

• Venues NGR increased 7%, with Grosvenor venues up 8%, Mecca up 5%, and Enracha up 5%.

Operational highlights

• Grosvenor venues saw a 5% rise in visits and a 3% increase in spend per visit.

• Electronic table gaming revenues grew 11%, and gaming machine revenues rose 12% after new machine rollouts.

• 471 new B1 gaming machines installed across 18 casinos, with a target of 850 by end of H1 2025/26.

• Mecca venues had a 1% drop in visits but a 6% increase in spend per visit.

Strategic and financial outlook

• Confident in delivering operating profit in line with expectations despite higher costs from wage and tax changes.

• Engaged with the Treasury regarding potential tax changes and their impact on business viability.

• Capital Markets Event for Grosvenor business scheduled for 22 October 2025; interim results due 29 January 2026.