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Rank Group reports H1 net profit of £18.5m, down 26%

Deals & M&A

Rank Group reported net profit of £18.5m for the six months to 31 December 2025, down 26% year on year, while net gaming revenue rose 5% to £420m. Chief executive John O’Reilly cited rising costs and forthcoming UK tax changes; Rank said Richard Harris, its chief financial officer, would become interim CEO as O’Reilly left the role on 29 January.

Rank’s falling profit, rising revenue, cost pressures, tax changes and interim CEO transition matter to investors.

End-of-day close Rank Group (RNK), GBp, to 13 March 2026
Story date15 December 202513 March 2026

Latest reported results

Rank Group LSE: RNK

Financial year ended 30 June 2026

Revenue
GBP 835.0m
Operating income
GBP 77.6m

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Rank Group reports 5% quarterly revenue growth and warns of UK duty risks

Rank Group reported like-for-like net gaming revenue of £216.1 million for the first quarter of its 2026/27 financial year, up 5%, and said digital revenue increased 6%. The company said full-year like-for-like operating profit should meet market expectations if the UK tax regime remains unchanged. Chief executive Richard Harris warned a potential Machine Games Duty increase could make venues less viable and lead to closures and job losses.

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