Rank Group Kicks Off 2025-26 With 9% Revenue Jump
Rank Group has reported a strong start to the 2025-26 financial year. The company's revenue and profits have increased, driven by growth in both digital and land-based online games operations.
In the first quarter, Rank Group's revenue rose by 9% year-on-year. This growth was supported by a 31% increase in digital games revenue and a 9% rise in Mecca online games revenue. The company's Grosvenor venues also contributed, with net gaming revenue growing by 8% to Β£102.7 million.
Electronic table gaming revenues at Grosvenor venues saw an 11% increase in Q1 2025-26. Rank Group's digital business also performed well, with like-for-like revenue growing by 13% year-on-year. Despite a 1% fall in net gaming revenue in Spain due to platform capacity issues, Rank Group expects growth in the next quarter.
The company plans to expand its Poki games machine estate, aiming to add 850 incremental machines before the end of the first half of 2025-26. Rank Group generated Β£44.6 million in profit after tax in the previous year, paying Β£188.0 million in taxes.
Rank Group's strong performance in Q1 2025-26 is a positive start to the financial year. The company's growth in digital and land-based games, along with its expansion plans, indicate a promising outlook. Rank Group is also engaged with the UK treasury regarding potential tax changes, demonstrating its proactive approach to navigating the business environment.
