The Rank Group reported continued revenue growth across all divisions in its third quarter trading update for the period ended 31 March 2026, with improved profit conversion leading to an upgraded full year outlook.
Group like-for-like net gaming revenue increased 5% year-on-year to £205.4m in Q3, while year-to-date NGR rose 6% to £625.2m. Digital LFL NGR grew 4% and venue LFL NGR increased 6%.
Grosvenor venues delivered 5% growth to £95.0m in Q3, with gaming machines the fastest growing segment, up 10%. The operator said further optimisation of additional machines should support continued momentum.
Mecca venues also grew 5% and remain on track to achieve double-digit operating profit in 2026 to 2027, supported by the abolition of Bingo Duty from 1 April 2026. Enracha venues posted 9% growth, driven by a 27% rise in gaming machine revenue.
Digital revenue rose 4%, with the UK business up 2%. The group confirmed it has implemented cost mitigations to offset much of the increase in Remote Gaming Duty to 40%, effective from 1 April 2026.
Savings were achieved through reductions in above-the-line marketing, supplier costs and headcount, while maintaining performance marketing and customer incentives. International digital operations recorded 14% like-for-like growth following platform enhancements.
Richard Harris, interim Chief Executive, said: “It was pleasing to see continued revenue growth across all businesses and strong profit conversion in Q3, despite a tough macroeconomic backdrop. The results demonstrate the resilience of the business, the strength of the customer proposition and the growth initiatives we have in place.
“Having implemented the actions required to mitigate much of the impact of higher RGD in our UK digital business, and with clear plans in place to drive sustainable revenue growth, the Group is well placed to deliver the medium-term objective of generating at least £100m operating profit.
Rank will announce its preliminary results for the year ended 30 June 2026 on 13 August 2026
