Rank Group Plc · LSE:RNK
Rank — The Rank Group — FY2026 Earnings Presentation
44 slides from Rank's earnings presentation, Aug 13, 2026
Slide 1: The Rank Group plc Full year results
The Rank Group plc Full year results for the 12 months ended 30 June 2026
Slide 2: Slide 2
Slide 3: Introduction
Introduction Richard Harris Chief Executive
Slide 4: Highlights
Highlights Decisive action taken Gaming machine to mitigate £46m revenues in Grosvenor Further revenue and impact of RGD continue to build profit growth in all businesses Encouraging Focused on maximising Q4 performance in UK the productivity of digital existing machines Clear value creation plan Ve
Slide 5: Financial Performance
Financial Performance Cliff Baty Interim Chief Financial Officer
Slide 6: Financial overview
Financial overview Revenue and profit growth in all businesses LFL Net Gaming Revenue EBITDA Underlying Operating Profit Net Free Cash Flow £834.1m £138.3m £78.6m £25.5m 2024/25 £788.4m 2024/25 £119.9m* 2024/25 £64.8m* 30 June 2025 £27.7m* Underlying EPS ROCE Dividend per share 10.5p 18.3% 3.5p 2024
Slide 7: Strong revenue & cost discipline drives margin expansion
Strong revenue & cost discipline drives margin expansion Underlying operating profit (£m) / Underlying operating margin (%) 24.5 8.1 (4.6) (2.8) (10.1) (1.3) 8.1% 78.6 64.8 63.7 Revenue growth Digital savings Employment and Employment and… FY 2025/26 2024/25* Revenue growth RGD Digital savings Depre
Slide 8: SDIs reflect known, previously announced events
SDIs reflect known, previously announced events 2025/26 Separately Disclosed item £m Closure of venues* (6.7) Redundancy and restructuring (3.3) Spanish Fraud (H1 2025/26) (6.5) Regulatory settlement – Grosvenor provision (5.0) Other (1.4) Total Separately Disclosed Items (22.9) *Includes Mecca clos
Slide 9: Free cash flow bridge
Free cash flow bridge Opening net cash pre IFRS 16 2025/26 2024/25** 45.4 20.9 Net free cash flow 25.5 27.7 £m Business disposal consideration 1.8 3.8 59.7 Purchase of shares for LTIP*** (2.1) - Dividend paid (13.8) (7.0) Closing net cash pre IFRS 16 56.8 45.4 IFRS16 Lease liabilities (204.0) (200.1
Slide 10: Capital discipline delivering higher returns
Capital discipline delivering higher returns £m 2025/26 2024/25 Change Grosvenor 25.4 35.8 (10.4) £58.5m £50.2m Mecca 11.0 9.2 +1.8 £40.0m Enracha 2.3 2.1 +0.2 Digital 10.8 9.3 +1.5 CAPEX Maintenance Corporate Costs 0.7 2.1 (1.4) Total capital expenditure 50.2 58.5 (8.3) 2024/25 2025/26 2026/27 F Ma
Slide 11: Capital allocation policy
Capital allocation policy 1 Maintain a strong balance sheet and appropriate financing structure 2 Disciplined capital investment in the customer proposition 3 A progressive dividend, with a dividend payout ratio that grows to over 35% 4 Consideration of inorganic growth opportunities 5 Return surplu
Slide 12: Value creation
Value creation Richard Harris Chief Executive
Slide 13: How we create value
How we create value Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and Electronic gaming as the economic growth engine Talent & strategic Technology & Data & anal
Slide 14: How we create value
How we create value Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and Electronic gaming as the economic growth engine Talent & strategic Technology & Data & anal
Slide 15: We deliver our purpose through a clear vision
We deliver our purpose through a clear vision Every customer will feel known, valued, safe and entertained Wherever, and however, they choose to play Known Valued Safe Entertained We remember We reward your We look out for you We make every who you are loyalty visit memorable 15 The Rank Group Plc F
Slide 16: How we create value
How we create value Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and Electronic gaming as the economic growth engine Talent & strategic Technology & Data & anal
Slide 17: Where we can win… and why
Where we can win… and why Casino-led gaming Bingo-led gaming Compelling customer Strong brands Attractive markets proposition Highly engaged Cross-channel Clear growth drivers colleagues opportunity 17 The Rank Group Plc Full year results for the 12 months ended 30 June 2026
Slide 18: Strategy: Two parallel components for success
Strategy: Two parallel components for success Deliver Deploy Deliver £100m+ operating profit in Build a business for longer-term value medium term from existing brands creation 1. Materially enhance value from 1. Selectively deploy capital to build existing assets scale in areas we can win: 2. Data
Slide 19: Growth drivers
Growth drivers Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and Electronic gaming as the economic growth engine Talent & strategic Technology & Data & analytics
Slide 20: Sustained growth in Grosvenor venues
Grosvenor Sustained growth in Grosvenor venues Highly skilled and High quality Unrivalled products Seamless cross- highly engaged segmented estate and service channel experience colleagues 20 The Rank Group Plc Full year results for the 12 months ended 30 June 2026
Slide 21: Continued progress
Grosvenor Continued progress LFL weekly average NGR £m 7.3 7.6 6.4 5.9 LFL NGR (£m) 2025/26 2024/25 Change Table gaming 175.0 174.2 0% Gaming machines 113.2 101.8 11% Electronic gaming 62.5 59.3 5% Other (incl. Poker) 46.6 43.1 8% 2022/23 2023/24 2024/25 2025/26 Total LFL NGR 397.3 378.4 5% • Revenu
Slide 22: Positive trajectory to £3m+ weekly revenue
Grosvenor Positive trajectory to £3m+ weekly revenue 2.37 Average weekly gaming machine revenue (£m) 2.28 2.22 2.19 2.08 2.00 1.99 2.02 Q1 2024/25 Q2 2024/25 Q3 2024/25 Q4 2024/25 Q1 2025/26 Q2 2025/26 Q3 2025/26 Q4 2025/26 Current status Looking forward Machine numbers have grown by 65%; capacity c
Slide 23: Growth drivers
Growth drivers Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and Electronic gaming as the economic growth engine Talent & strategic Technology & Data & analytics
Slide 24: Building scale in Digital
Digital Building scale in Digital Join Play Stay Acquiring customers Deepen customer Building loyalty and efficiently engagement customer lifetime value Marketing expenses as a Customer player days will increase Retention rates will increase percentage of revenue will decline 24 The Rank Group Plc F
Slide 25: Positive trading momentum
Digital Positive trading momentum LFL weekly average NGR £m 4.8 4.1 4.4 Underlying NGR (£m) 2025/26 2024/25 Change 3.6 Mecca 103.0 96.8 6% Grosvenor 94.6 83.9 13% Other proprietary brands 21.0 22.1 (5)% Yo & Enracha 29.9 27.9 7% 2022/23 2023/24 2024/25 2025/26 Total LFL NGR 248.5 230.7 8% Multi-bran
Slide 26: Growth drivers
Growth drivers Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and electronic gaming as the economic engine Talent & strategic Technology & Data & analytics capabi
Slide 27: Cash maximisation in bingo venues
Bingo Cash maximisation in bingo venues Strong brands Data Strong Well-loved, playful, vibrant brands driven brands Vibrant bingo game The main reason to visit Loyal customer base Known, Valued, Safe & Entertained Gaming Vibrant machines bingo Community-based and game entertainment electronic Appeal
Slide 28: Strong progress in UK & Spain
Bingo Strong progress in UK & Spain Mecca 2025/26 2024/25 Change LFL visits ('000) 4,527.9 4,629.2 (2%) • NGR growth driven by a combination of vibrant mainstage bingo game and LFL NGR (£m) 143.0 136.9 4% strong gaming machine growth Underlying LFL • Continued investment in customer proposition; inc
Slide 29: Growth engine
Growth engine Purpose: To excite and to entertain our customers Casino-led gaming Bingo-led gaming Sustained growth in Build scale Cash maximisation Grosvenor venues in Digital in Bingo venues Slots and Electronic gaming as the economic growth engine Talent & strategic Technology & Data & analytics
Slide 30: Slots and electronic gaming are the Group's economic growth engine
Slots and Electronic gaming Slots and electronic gaming are the Group's economic growth engine • Gaming machines account for 44% of Group revenue • Electronic terminals central to casino proposition – licences enable higher- value B1 and electronic table gaming content, representing 16% of Grosvenor
Slide 31: Machine Games Duty impacts venues viability, jobs and tax receipts
Slots and Electronic gaming Machine Games Duty impacts venues viability, jobs and tax receipts Number of Mecca Venues 72 71 • Machine Games Duty (‘MGD’) currently set at 20% 56 52 49 • Increasing the UK rate of MGD will impact venue viability 41 • Higher employment costs and increased taxation have
Slide 32: Current trading and outlook
Current trading and outlook • Strong momentum across the Group has continued into 2026/27, with NGR growing 8% in the first six weeks • Grosvenor machine revenues grew 15% • Digital revenues grew 10% • Digital profitability will reset in 2026/27 despite decisive mitigating action • Well placed to me
Slide 33: Well positioned to make further progress
Well positioned to make further progress Targeted investment Market leading to maximise positions in attractive • Strategy focused in those areas where shareholder value markets we have the right to win • Underlying performance momentum is good • Clear drivers of growth over the next Strong few year
Slide 34: Slide 34
Slide 35: Appendices
42 Rank Group Appendices
Slide 36: Income statement
Income statement £m 2025/26 2024/25* LFL underlying operating profit 79.9 66.7 FX, closed clubs and re-opening (1.3) (1.9) Underlying operating profit 78.6 64.8 Net financing charge (16.5) (14.2) Underlying profit before taxation 62.1 50.6 Separately disclosed items (22.9) (4.7) Profit before taxati
Slide 37: Balance sheet
Balance sheet At 30 Jun At 30 Jun At 30 Jun At 30 Jun £m £m 2026 2025* 2026 2025* Assets Liabilities Non-current assets Current liabilities Intangible assets 437.9 442.3 Trade and other payable (156.3) (155.2) Property, plant and equipment 139.9 133.7 Lease liabilities (43.3) (42.1) Right-of-use ass
Slide 38: ROCE % Calculation
ROCE % Calculation 2025/26 £m 2024/25* £m Total equity 384.7 369.9 Add back: Net cash (56.8) (45.4) Lease Liabilities 204.0 200.1 ROU assets (138.0) (118.5) Retirement benefit obligations 3.5 3.4 Non-current provisions 36.9 38.6 Net deferred tax (3.1) (5.4) Capital employed 431.2 442.7 Average capit
Slide 39: Financial guidance for 2026/27
Financial guidance for 2026/27 2026/27 Capital investment planned Maintenance to be c. £40m Strong cash generation in year Capital allocation policy remains unchanged, with dividend payout ratio that grows to over 35% Interest costs expected to be between £14.5m - £16.0m Growth Underlying effective
Slide 40: Group datasheet
Group datasheet FY H1 FY H1 FY H1. FY H1 2025/26 2025/26 2024/25* 2024/25* 2023/24 2023/24 2022/23* 2022/23 Net gaming revenue (£m) 835.0 420.0 795.4 401.8 734.7 362.6 681.9 338.9 - YOY growth 5% 5% 8% 11% 8% 7% 6% 2% Underlying operating profit 78.6 40.6 64.8 33.3 46.3 21.6 18.5 1.2 (£m) - YOY grow
Slide 41: Grosvenor datasheet
Grosvenor datasheet FY H1 FY H1 FY H1 FY H1 2025/26 2025/26 2024/25* 2024/25 2023/24 2023/24 2022/23 2022/23 Casino licences: London 9 9 10 10 9 9 9 9 Rest of UK 51 52 60 60 62 62 62 62 Total active licences 60 61 70 70 71 71 71 71 Non-trading licences 17 16 7 7 7 7 7 7 Net gaming revenue (£m) 397.3
Slide 42: Digital datasheet
Digital datasheet FY H1 FY H1 FY H1 FY H1 2025/26 2025/26 2024/25 2024/25 2023/24 2023/24 2022/23* 2022/23* Net Gaming Revenue (£m) 249.3 123.8 235.7 120.2 226.0 108.4 202.9 100.8 Underlying operating profit (£m) 36.6 17.8 33.3 14.2 23.4 10.1 13.2 7.4 Underlying operating margin (%) 14.7 14.4 14.1 1
Slide 43: Mecca datasheet
Mecca datasheet FY H1 FY H1 FY H1 FY H1 2025/26 2025/26 2024/25* 2024/25* 2023/24 2023/24 2022/23 2022/23 Venues 41 49 50 51 52 55 56 64 Net gaming revenue (£m) 143.1 69.9 140.4 68.6 138.9 67.2 136.3 67.0 Underlying operating profit 7.8 2.7 4.4 3.9 3.7 - (7.0) (5.9) (loss) (£m) Underlying operating
Slide 44: Enracha datasheet
Enracha datasheet FY H1 FY H1 FY H1 FY H1 2025/26 2025/26 2024/25 2024/25 2023/24 2023/24 2022/23 2022/23 Net gaming revenue (£m) 45.3 22.3 40.9 20.2 38.5 19.5 36.4 17.7 Underlying operating profit (£m) 12.0 5.9 10.8 5.4 9.6 5.0 9.1 3.9 Underlying operating margin (%) 26.5 26.5 26.4 26.7 24.9 25.7 2