Half Year 2026 Rank Group PLC Earnings Call Transcript
Key Points
- Rank Group (The) PLC (RANKF) reported a 6% increase in like-for-like net gaming revenue, reaching EUR419.8 million.
- Underlying like-for-like operating profit rose by 15% to GBP40.6 million, with an improved operating profit margin of 9.7%.
- The Grosvenor casino business saw a 6% increase in average weekly net gaming revenue, supported by the rollout of 850 additional gaming machines.
- Digital revenue grew by 8%, with Grosvenor's digital segment experiencing a strong 17% growth.
- The company maintained a strong employee engagement score of 8.2 out of 10, reflecting high levels of energy and drive within the business.
- Higher employment costs increased by GBP6 million due to the national minimum wage and national insurance contributions.
- Depreciation costs rose due to capital investments, impacting overall financial performance.
- The company faced a GBP6.5 million impact from a Spanish payment fraud, which required additional preventative measures.
- The introduction of a 40% Remote Gaming Duty (RGD) is expected to significantly impact the UK digital business's bottom line by GBP46 million.
- The rollout of additional gaming machines led to lower revenue per incremental machine, requiring efforts to increase customer awareness and demand.
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Morning everyone. A little video there of the Vic, the Victoria Casino, Vic as we know it, now complete with 80 gaming machines and performing very strongly too. It's a fabulous casino.
Thank you for joining Richard Harris and me this morning for the Rank Group interim results for the half year from July to the end of December 2025. Thanks to those of you who are here with us. Great to see you and thanks also to those of you who are joining us online.
Now, very sadly, this is my last set of results after what has been a hugely enjoyable, best part of eight years as CEO of the Rank Group. Some of you already know I'm retiring today. I'm super sad to be leaving as this is a very special business with some very special people, and I shall miss it enormously, and I would like to thank all my colleagues within the group for their talent, and for the commitment that they have in delivering huge amounts of fun and excitement to Rank's customers. I'd also like to thank our shareholders for their
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