Rank Group Plc will reward investors for a second year, announcing a dividend payment of 2.60p per share, following consecutive periods outperforming market expectations.
Publishing its full-year 2024/2025 results, Rank reported an 11% increase in like-for-like net gaming revenue (NGR) to £795m for the year ended 30 June 2025, with growth delivered across both its land-based and digital units.
Improved efficiencies and cost controls saw operating profits surged 128% to £67.0m (2023/2024: £30m) reflecting continued operational leverage and the benefits of targeted investments.
Leadership branded year trading as led by disciplined capital management helping Rank double its Net cash to £45m, up 117% from £20m last year,
Securing stronger underlying earnings, the board rewarded shareholders with a 206% increase in the full-year dividend to 2.60p per share (2023/2024: 86p), highlighting confidence in Rank’s long-term cash-generating ability. This marks the second consecutive year of dividend growth following the resumption of payouts post-covid.
The Venues segment, which includes its network of 50 Grosvenor casinos and 50 Mecca Bingo halls, generated £559m in LFL NGR, up 11% year-on-year. Digital operations also posted 10% LFL growth to £235m, supported by platform investments and product enhancements, despite ongoing regulatory headwinds from the Gambling Act Review.
These results match the company’s preliminary guidance issued earlier this summer and underline Rank’s renewed momentum across core divisions.
Rank is set to benefit further from legislative reforms passed in July 2025, which will increase the number of B1 gaming machines permitted in casinos and allow sports betting at 38 of its venues.
The company has already begun capital upgrades to its Grosvenor estate, with flagship property The Vic on Edgware Road, London, the first to undergo a transformation as part of a wider refurbishment programme.
Rank also extended £100m of its £120m banking facility to January 2028, ensuring headroom for continued investment and returning cash to shareholders.
Rank ready for growth at inflection Point
Group CEO John O’Reilly hailed the year as a turning point: “We have had another successful year, delivering revenue growth and profit ahead of our expectations. Both online and in our venues, the customer reaction to the investments we are making has been excellent.
With the long-awaited legislative reforms for casinos now delivered, the Group is at an exciting inflection point. Grosvenor will benefit from higher gaming machine allocations and the introduction of sports betting, increasing the appeal of our venues to a broader customer base.”
Early trading in FY 2025/26 is promising, with group NGR up 9% in the first six weeks of the new financial year. Rank said it remains well-positioned to meet current market expectations and capitalise on new growth avenues across both its physical and digital estate.
