Rank Group Posts Q1 Results, Highlights Growth Despite Setbacks

Rank Group has published its financials for the three-month period ended September 30, 2025 (Q1), highlighting increases across the board.

Rank Group’s Revenues Increased Across the Board

In its report, Rank Group highlighted Q1 net gaming revenue (NGR) of GBP 210 million ($281.4 million), up 9% year-on-year.

Taking a look at how the serious segments performed, Rank Group reported a double-digit increase in the NGR of its digital business. To put things into perspective, the digital NGR reached GBP 61.6 million ($82.5 million) for the period, up 13% year-on-year.

In the meantime, revenue from Rank’s Grosvenor venues continued to increase, reaching GBP 102.7 million ($137.6 million), up 8% year-on-year. The Mecca venues division, on the other hand, experienced NGR growth of 5% to GBP 35.5 million ($47.6 million). Last but not least, Rank Group’s Enracha venues NGR increased 5% to GBP 10.4 million ($13.9 million).

In the UK, the Grosvenor portfolio experienced growth of 31%, while the digital segment and Mecca venues saw their local NGRs grow by 15% and 9%, respectively.

Rank Group’s Spanish business, however, experienced a 1% drop in revenue due to previously reported platform capacity issues. Rank added that the issues in question are being resolved.

Rank Group Continued to Grow Despite the Setbacks

John O’Reilly, Rank Group’s chief executive, called the results a strong start to the fiscal 2025/26 year and expressed confidence in the group’s continued growth. He was pleased with the progress his team achieved despite the significant cost increases caused by the UK’s national living wage and the new statutory levy.

O’Reilly added that the group is currently rolling out additional gaming machines across its Grosvenor venue suite. The company expects to add a total of 850 additional machines by the end of H1 2025/26.

In the meantime, Rank Group continues to carefully follow the ongoing debates surrounding a potential tax hike in the UK.

Speculation regarding tax changes in the upcoming Budget is, inevitably, hanging over the business. We are engaged with the Treasury on the implications of tax changes on the viability of our venues, employment levels, future investment and the customer. Last year, the Group generated £44.6m in profit after tax, having paid HMRC and local authorities £188.0m in taxes. The Rank Group, with its strong UK focus, is certainly paying its fair share.

John O’Reilly, CEO, Rank Group

Rank Group added that it will host a Grosvenor-focused Capital Markets Event on October 22. The event will take place at the Victoria Casino.