Rank Group expects to deliver record revenue for Financial Year 26, driven by strong growth across its Digital business and Grosvenor venues. The company also expects underlying operating profit to reach over $101 million, placing it more than 11% ahead of analyst consensus.
Grosvenor Leads the Growth
According to a trading update, Rank’s Grosvenor venues delivered 3% LFL NGR growth in Q4, for the year ended June 30, 2026. This marks another quarter of growth for the company, as Rank also posted significant growth in Q3, which ended on March 31, 2026.
Gaming machine performance was a standout, with NGR increasing 12% in Q4, reflecting the benefits of the initial optimization initiatives. Maximizing the performance of the gaming machine estate, which expanded by 850 terminals in H1, continues to represent a significant growth opportunity.
The Digital business also delivered a strong Q4 performance, with NGR up 12%, including 12% LFL NGR growth in the UK business. This marked improvement was achieved despite the cost mitigation measures implemented following the Autumn Budget announcement in November 2025. The Autumn Budget increased Remote Gaming Duty (RGD) to 40%, effective from April 1, 2026, a decision that was heavily criticized by gambling representatives such as the British Gaming and Betting Council.
However, in its update, Rank explained that prioritizing investment in performance marketing and customer incentives supported strong revenue growth and robust profit delivery in Q4. This was also helped by delivering substantial savings through reduced above-the-line marketing spend, lower supplier costs, and headcount reductions.
Rank CEO Praises the Company’s Growth
Recently appointed Rank CEO Richard Harris said the expected profit outcome for the year reflected the progress made in executing the companyk’s growth strategy, despite significant cost and tax headwinds encountered during the period. He explained that Rank had taken steps to mitigate the impact of the RGD increase while protecting digital revenues and optimizing performance across its land-based businesses.
Harris also noted that Rank’s UK Digital business had performed well since the tax increase took effect in April. Meanwhile, the Grosvenor business continued to deliver growth as gaming machine performance optimisation initiatives progressed, he noted.
The CEO also explained that Rank had engaged constructively with the UK’s Gambling Commission (UKGC) to address historical compliance issues relating to a prior year. Harris explained that substantial remedial actions had been implemented and that it was awaiting formal confirmation from the UKGC.
Finally, Harris reaffirmed Rank’s commitment to deliver at least GBP 100 million (about $134 million) in operating profit over the medium term, while evolving Rank’s long-term strategy and maximizing shareholder value.