Rank Group Posts Strong Q3 Report, Optimistic about FY 2024/25

Rank Group has published its financial results for the third quarter of the fiscal year, highlighting an increase in net gaming revenue. All of the group’s divisions experienced growth, cementing Q3 (the three-month period ended March 31, 2025) as a strong time for the company.

The Company’s Metrics Increased Across the Board

In the third quarter of the fiscal year, Rank Group reported a 10.9% year-on-year increase in net gaming revenue (NGR). The NGR for that period reached £195.6 million ($255.2 million) thanks to growth across all divisions. On a year-to-date basis, the company reported an NGR of £597.4 million ($779.5 million), up 12.2% YOY.

Speaking of which, the company’s NGR from its Grosvenor venues for Q3 stood at £90.4 million ($118 million), representing an increase of 13% YOY. The year-to-date, meanwhile, shows an NGR of £283.2 million ($370 million), up 14.4% YOY.

The division’s growth was attributed to Rank Group’s continued investments. Table gaming revenue increased by 14.5%. Electronic roulette revenue, on the other hand, increased by 9.5%,

The revenue from Mecca venues, on the other hand, reached £36.6 million ($47.8 million) for the period, up 1.9% YOY. The year-to-date figure shows an NGR of £105.2 million ($137.3 million), which is equivalent to an increase of 4.8%. While customer visits decreased by 1.8% compared to the prior year, spend per visit was up 3.8%.

Rank Group’s NGR from Enracha venues, meanwhile, stood at £10.2 million ($13.3 million) for Q3 2024/25, up 4.1% YOY. The year-to-date result shows an NGR of £30.4 million ($39.7 million) for the period, up 5.9% YOY.

Finally, the group’s digital business, which was its second-largest revenue contributor, reported £58.4 million ($76.2 million) in NGR for the period. This represented an increase of 15.4%, which was the highest increase among all divisions. The same applied to the YTD result, which increased by 14.7% to £178.6 million ($233 million).

The digital business increased by a staggering 18.3% in the UK but experienced a slight decline of 2.9% in Spain.

Rank Group Bullish on Strong FY 2024/25

John O’Reilly, Rank Group’s chief executive officer, commented on the results, saying that his team is thrilled with the strong performance. The company remains committed to delivering strong results for the full year, in line with earlier projections.

O’Reilly thanked the company’s team, which made these Q3 possible.

A big thank you to my colleagues across the Rank Group for their continued commitment to enhancing the experience for our customers.

John O’Reilly, CEO, Rank Group

While O’Reilly acknowledged certain challenges related to the uncertain economic environment, significant costs and regulatory headwinds, he remained bullish on strong Q4 performance. The company is set to publish its preliminary FY 2024/25 results on August 14.