PR in the Philippines

(AsiaGameHub) –   The Rank Group has announced consistent revenue growth for the third financial quarter, with its performance bolstered by positive results from both its digital and physical venues.

For the quarter ending 31 March 2026, the Group’s like-for-like net gaming revenue (NGR) climbed 5% compared to the previous year, reaching £205.4m. Year-to-date NGR saw a 6% increase, totalling £625.2m.

Each of the main divisions contributed to this positive performance in Q3. The company’s largest segment, Grosvenor venues, saw a 5% rise in NGR to £95m, a result underpinned by a robust 10% growth in gaming machine revenue.

The digital arm also experienced an uptick, with NGR growing 4% to £60.9m. Growth in the UK digital market was more subdued at 2%, but the international side showed stronger progress, posting a 14% revenue increase following enhancements to its platform and customer services.

Mecca venues posted a 5% increase in NGR to £37.8m, while Enracha venues again delivered standout performance with 9% growth to £11.7m, propelled by a significant 27% surge in gaming machine revenue.

The company stated that the effective conversion of revenue into profit during the quarter has led to an upgraded full-year forecast. It now anticipates like-for-like underlying operating profit will be no less than £68m, an improvement on the previous guidance of £65m.

This revised outlook accounts for continued cost management initiatives, especially in the digital division. These actions are designed to counter the financial impact of the UK’s Remote Gaming Duty increase to 40%, which is now in effect.

The cost-saving measures involve cuts to marketing expenditure, supplier expenses, and staff numbers, while the company continues to invest in performance-based marketing and customer rewards.

Looking ahead for Rank Group

The group acknowledged that external issues, such as geopolitical tensions in the Middle East, may influence international travel and subsequently affect venue performance. Despite this, Rank Group anticipates further revenue growth in the fourth quarter.

Moving forward, the company is confident it can sustain its growth path, aided by continuous operational enhancements and beneficial regulatory shifts. Specifically, the removal of Bingo Duty starting in April 2026 is projected to boost profitability for its Mecca business.

“We were pleased to observe ongoing revenue growth in every part of the business and a strong conversion to profit in Q3, even within a challenging economic environment,” commented Richard Harris, Interim Chief Executive of Rank Group.

“These figures highlight the business’s resilience, the quality of our customer offering, and the effectiveness of our growth strategies.

“By taking the necessary steps to largely offset the effect of the higher RGD in our UK digital operations, and with definitive plans to achieve sustainable revenue growth, the group is in a strong position to meet its medium-term goal of producing at least £100m in operating profit.”

Supported by rising revenue across all units and implemented cost controls, the group is moving into the year’s final quarter with encouraging momentum. This positive sentiment has been reflected by investors, with Rank Group’s share price climbing 12% since the results were published and breaking past the £1 threshold for the first time this year.

The current priorities are to maintain this growth while managing regulatory and economic challenges, and to appoint a permanent Chief Executive after John O’Reilly’s retirement in January.