Rank Group full-year results for the year ended 30 June 2026, published on 13 August 2026, showed underlying net gaming revenue (NGR) rising 8% to £835.0m, ahead of a July trading update estimate of £834.1m that had itself been flagged as more than 11% ahead of analyst consensus.
Underlying earnings per share rose to 10.5p from 9.1p a year earlier, while net debt fell to £147.2m from £154.7m, as cash generated from operations improved.
Rank Group Full-Year Results: NGR and Profit in Detail
The £486m-capitalised FTSE 250 gaming operator reported underlying profit of £75.2m for the year, according to its investor financial performance page. That compares with a July guidance floor of at least £76m flagged in a full-year trading update, suggesting the final figure landed close to that threshold.
Breaking down NGR by channel, Venues contributed £585.6m and Digital £248.5m, giving a UK total of £758.9m. UK digital revenue accelerated in the fourth quarter, rising 12% on a like-for-like basis.
Rank Group operates through four segments: Grosvenor Venues, Mecca Venues, Digital, and Enracha Venues in Spain. The group employs approximately 7,700 people and is headquartered in Maidenhead.
New Chief Executive and the Path to £100m Operating Profit
Richard Harris was appointed chief executive on 13 July 2026, per a regulatory announcement on Rank Group’s regulatory news service. He takes charge with management having previously set a medium-term target of reaching more than £100m in operating profit, a level that would represent roughly a third of further growth from the 2025/26 outturn.
The prior financial year also delivered strong momentum: like-for-like NGR grew 11% to £795.4m in 2024/25, with operating profit up 38% to £63.7m.
Rank Group’s 2026 Annual General Meeting is scheduled for 8 October 2026. The annual report and accounts were published on 8 September 2026, according to the Investegate AGM notice.
Valuation, Shareholders and Dividend
At the prevailing share price implied by the £486m market capitalisation, the stock trades at around 10 times earnings on the 10.5p underlying EPS. Deutsche Bank maintained a Hold rating with a price target of £1.19 as of 14 August 2026, implying roughly 35% upside from its then-current price, according to Investing.com’s Rank Group analyst data.
Hong Leong Company (Malaysia) Berhad held 56.49% of shares as of 1 June 2026, making it the dominant shareholder. Fidelity International Ltd held 7.55%.
Rank Group pays an annual dividend of GBX 2.95 per share, equating to a yield of approximately 3.4% and a payout ratio of 46.8% of earnings, according to MarketBeat dividend data. A cash dividend with an ex-date of 17 September 2026 was separately announced.
Net debt reduction and EPS growth running at 15% year-on-year give Harris a firm base from which to press toward the £100m operating profit target. The next scheduled milestone is the AGM on 8 October 2026, where shareholders will hear the board’s first public address under new leadership.
