RANK GROUP PLC - Investor Presentation

RANK GROUP PLC delivered a strong FY26 performance, with like-for-like net gaming revenue increasing 6% to £834 million and underlying operating profit rising 21% to £78.6 million, supported by growth across all businesses and disciplined cost management. Operating margin improved from 8.1% to 9.4%, while net free cash flow reached £25.5 million and year-end net cash stood at £56.8 million. The Group proposed a full-year dividend of 3.5p per share, up 35% year-on-year. Management highlighted continued momentum in Grosvenor Casinos, where revenue grew 5% and the gaming machine estate expanded by 65%, alongside 8% full-year digital revenue growth despite the increase in UK Remote Gaming Duty to 40%. Rank’s growth strategy remains focused on casino-led and bingo-led gaming, improving margins, cash generation and returns through estate optimisation, electronic gaming, digital customer engagement and disciplined capital investment. International expansion is also a strategic priority, with the Group building its Yo brand in Portugal and targeting greater geographic diversification. Current trading remained positive, with revenue up 8% in the first six weeks of FY27, including 15% growth from Grosvenor gaming machines and 10% digital growth. Rank continues to target more than £100 million of operating profit over the medium term, supported by a strong balance sheet and further growth opportunities across its venues, digital operations and international markets.