Rank grew full year revenue to £834 million and expects to pay £5 million in a regulatory settlement

Rank Group has reported revenue growth of 6 per cent for its 2026 financial year, with the company also revealing a potential £5 million hit from a regulatory settlement with Britain’s Gambling Commission.

Rank said in a trading update Tuesday that like-for-like net gaming revenue in the 12-month period ended 30 June was up 6 per cent year-on-year to £834.1 million, including growth of 6 per cent in the final quarter of the financial year to £208.9 million.

The company’s Digital segment recorded the strongest growth in both periods, rising by 12 per cent in the fourth quarter to £63.9 million and taking full year revenue up 8 per cent to £248.5 million.

The Digital segment benefited from revenue growth of 12 per cent in the United Kingdom in the final quarter of FY26, which the company attributed to its decision to protect performance marketing and customer incentives while significantly reducing above the line marketing spend, supplier costs and headcount in response to the rise in remote gaming duty.

Grosvenor venues remained the company’s largest segment with Q4 revenue of £98.3 million (+3 per cent) and full year revenue of £397.3 million (+5 per cent). 

Rank attributed the growth at Grosvenor venues to a 60 per cent increase in the number of gaming machines in operation, which contributed to a 12 per cent improvement in gaming machine performance in the final quarter of FY26. This offset the impact of disruption in international travel due to the war in Iran.

Mecca venues contributed Q4 revenue of £35.4 million (+4 per cent) and full year revenue of £143.0 million (+4 per cent), with the Spanish Enracha venues segment adding Q4 revenue of £11.3 million (+6 per cent) and full year revenue of £45.3 million (+7 per cent).

Rank said that Mecca and Enracha’s performance has continued in line with expectations.

As a result of the revenue growth, Rank expects full year underlying operating profit to be ahead of expectations and at least £76 million.

“Our expected profit outturn for the year reflects the progress we have made in executing our plan for growth, despite the significant cost and taxation headwinds that we have incurred during the year,” said Richard Harris, who was confirmed yesterday as Rank’s permanent chief executive.

“We have worked hard to mitigate the impact of the RGD increase, whilst protecting digital revenues and optimising performance in our land-based businesses. Our UK digital business has performed well since taxes increased in April and we are continuing to see growth in our Grosvenor business as the machine performance optimisation work progresses. Gaming machine revenue growth remains a significant opportunity for the Group.”

Rank also disclosed that it has proposed to pay £5 million in lieu of a financial penalty to the Gambling Commission of Great Britain for historical compliance failings.

The proposed regulatory settlement follows an investigation by the Gambling Commission into Rank’s operations between November 2024 and May 2025.

“We have engaged constructively with the Gambling Commission to address historical compliance issues dating back to a prior year and remedial actions were substantially implemented during the first half of 2025/26,” Harris added. “The Group remains focussed on our ambition to deliver at least £100m operating profit in the medium term, evolving Rank’s longer term strategy and maximising shareholder value.”

Rank will publish its preliminary results for 2025/26 on 13 August.

Shares in Rank Group plc. (LSE:RNK) closed unchanged at 94.50 pence per share in London Monday, prior to this morning’s trading update.