Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • Like-for-like net gaming revenue of RNK rose 11% year-on-year to AUD 1.53 billion, with all business segments reporting growth.

  • Underlying like-for-like operating profit increased 38% to AUD 122.3 million, with an operating margin of 8.0% compared to 6.5% in FY24.

  • Statutory Group operating profit was AUD 128.6 million, up from AUD 56.4 million in FY24.

Rank Group plc (LSE:RNK) announced its preliminary results for the 12 months ended 30 June 2025, reporting continued improvement in financial performance across its operations.

Like-for-like (LFL) Net Gaming Revenue (NGR) reached AUD 1.53 billion, an increase of 11% compared to the previous year, with all business segments recording year-on-year growth. Underlying LFL operating profit rose 38% to AUD 122.3 million, up from AUD 88.8 million in FY24, with the underlying operating margin improving to 8.0% from 6.5%.

Statutory Group operating profit was AUD 128.6 million compared to AUD 56.4 million in FY24. Net free cash flow stood at AUD 53.2 million, broadly unchanged from AUD 53.0 million in the prior year, as increased profits were balanced by higher capital investment. Net cash before IFRS 16 adjustments was AUD 87.2 million at year-end.

Return on capital employed, reported as a new Alternative Performance Measure, increased to 14.5% from 10.3%, supported by the capital investment programme. The Board has recommended a final dividend of 1.95 pence per share (AUD 0.037), bringing the total dividend for the year to 2.60 pence (AUD 0.050) per share.

Grosvenor venues recorded a 14% revenue increase, with average weekly NGR of AUD 14.0 million, compared to AUD 12.1 million in FY24. The group expects Grosvenor to reach a weekly NGR run rate of AUD 15.4 million excluding the benefits from recently passed UK land-based casino reforms, which will add approximately 850 gaming machines to the current base of 1,367 machines and introduce sports betting in 38 venues.

Digital operations delivered LFL revenue growth of 10%, in line with the medium-term CAGR target of 8–12%. Operating margins improved despite regulatory changes, supported by continued enhancements to Rank’s proprietary platforms, which have enabled the rollout of new apps, products, and content.

Mecca venues posted a 5% rise in LFL NGR, supported by targeted investments in gaming machine areas and signage. Enracha venues in Spain grew LFL revenues by 9%, driven by investments in gaming machine offerings.

The group continued to develop its safer gambling initiatives, integrating all Hawkeye tool data into the central customer engagement platform to provide richer real-time data for player protection.

In January 2025, AUD 192.0 million of the existing AUD 230.4 million bank facility was extended to January 2028, maintaining the group’s financing structure.

Rank reported that trading in the first six weeks of FY26 started positively, with Group NGR up 9% year-on-year, and the company stated it is on track to meet current expectations for the year.