Full Year Trading Update
Full year NGR grew 11% to £795m; underlying operating profit ahead of expectations at £63m.
vs expectations: ahead
- Group like-for-like NGR c. £795m
- Group like-for-like NGR growth 11%
- Full year underlying LFL operating profit at least £63m
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The Rank Group Plc (LSE: RNK) ('Rank' or the 'Group') provides a positive update on its trading performance for the 12 months to 30 June 2025.
Group like-for-like1 Net Gaming Revenue ('NGR')2 for the year grew by 11% to c. £795m and the Group now expects to report full year underlying LFL operating profit of at least £63m.
John O'Reilly, Chief Executive, said:
"We have enjoyed a very strong year of earnings growth despite the significant cost and regulatory headwinds that we have faced from the start of Q4. The momentum experienced in the first three quarters has continued, with strong trading in Q4 resulting in our full year underlying operating profit being ahead of expectation.
"We are at an exciting inflection point for the Group with the land-based casino reforms now law and coming into force from 22 July. At that point, we will begin the process of securing licence variations from local authorities in England and Wales ahead of the rollout of additional gaming machines across the Grosvenor estate to better meet customer demand."
Rank will publish its preliminary results for 2024/25 on 14 August 2025.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.