Rank Group PLCLSE: RNK

Rank Group: Autumn Budget Impact

· Issued by Rank Group PLC via RNS

Summary by 6ix AI

The Rank Group Plc, which is listed on the London Stock Exchange, noted the UK Autumn Budget 2026 increase in Machine Games Duty from 20% to 25%, effective from April 1, 2027. Rank anticipates an annualised additional cost of about £9m before any mitigating actions.

Key details

  • Rank expects duty costs for the current year, ending June 30, 2027, to increase by about £2m.
  • Rank says it remains confident of delivering Group operating profit on a like-for-like basis (comparing comparable operations) in line with expectations for the current year.
  • Rank will announce its interim results for the six months ended December 31, 2026 on January 28, 2027. It plans to give a more detailed update on the full Budget impact and its mitigating actions at that time.

What’s still pending

  • The about £9m annualised cost is an estimate made before the Group takes any mitigating actions.
  • The about £2m increase in duty costs for the current year is also an estimate.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/autumn-budget-impact

Watch Rank's latest callRank Group (LSE:RNK) — Investor Presentation · Replay · Sep 16Read the transcript of Rank Group (LSE:RNK) — Investor Presentation
Rank Group PLC
29 October 2026
 

                                               A logo with a person on it Description automatically generated

The Rank Group Plc (“Rank” or “Group”)
LEI: 213800TXKD6XZWOFTE12

29 October 2026

The Rank Group Plc

Autumn Budget Impact

The Rank Group Plc (LSE: RNK) ("Rank" or "the Group" or "the Company") notes the increase in Machine Games Duty ("MGD") from 20% to 25%, effective from 1st April 2027, in yesterday’s UK Autumn Budget 2026 statement.

It is anticipated that the annualised impact of this move will be an additional cost of c. £9m, prior to the Group undertaking mitigating actions, with duty costs for the current year (ending 30 June 2027) increasing by c. £2m. The Group remains confident of delivering Group LFL operating profit in line with expectations for the current year.

A more detailed update on the full Budget impact and mitigating actions will be provided when the Group announces its interim results for the six months ended 31 December 2026 on 28 January 2027.

Notice of Results

Rank will announce its interim results for the six months ended 31 December 2026 on 28 January 2027.

Ends

Contacts:

Rank

David Williams – Corporate affairs & investor relations 

david.williams@rank.com

Media Enquiries:

FTI Consulting LLP (PR adviser to Rank)

Edward Bridges

Tel: +44 7768 216607

Matthew Young

Tel: +44 7929 396411

Photos available from www.rank.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Rank Group PLC on 6ix

Earlier from Rank

All Rank news releases