Rank Group reports strong Q1 with 9% revenue rise across all businesses

Finance News

Rank Group has started its 2025/26 financial year with strong performance, reporting a 9% increase in like-for-like Net Gaming Revenue (NGR) to £210.2 million for the first quarter ended September 30.

The company saw growth across all its business segments, with digital operations leading the way with a 13% increase in like-for-like NGR to £61.6 million. This digital growth was primarily driven by a 15% increase in the UK business, where Grosvenor grew 31% and Mecca grew 9%.

In the venues segment, Grosvenor casinos posted an 8% rise in like-for-like NGR to £102.7 million, supported by a 5% increase in customer visits and a 3% rise in spend per visit. Venues outside London performed particularly well with 10% growth, while London venues grew by 4%.

The company’s Mecca venues saw like-for-like NGR growth of 5% to £35.5 million, despite a 1% decrease in customer visits, as spend per visit increased by 6%. Enracha venues in Spain also performed well with 5% like-for-like NGR growth to £10.4 million.

Rank Group’s Spanish digital business was the only segment to show a decline, with NGR 1% lower than the prior year due to platform capacity issues. The company stated these issues are being addressed with a new bingo platform launch, and it expects this business to return to growth in the second quarter.

Chief Executive John O’Reilly expressed confidence in meeting profit expectations despite facing “significant cost increases” in employer national insurance contributions, the national living wage, and a new statutory levy.

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