【скачать melbet на windows 7】Rank Group gaming revenue ticks upward in Q3 2024/25

This growth continues the positive trajectory reported in previous quarters and reflects the ongoing impact of Rank’s strategic investments across its physical venues and digital platforms.

The company’s financial year-to-date (YTD) NGR growth now stands at 12.2%, indicating consistent momentum despite potential seasonal distortions.

“Since announcing our interim results in January, we have continued to deliver strong growth … This is notwithstanding the uncertain economic environment and the significant cost and regulatory headwinds that we face from the start of Q4,” commented Rank Group CEO John O’Reilly.

The company added that having one less trading day in 3Q25 compared to the same quarter in FY24 created a modest headwind of around one percentage point.

Analysts at Peel Hunt highlighted that this solid performance underscores the effectiveness of Rank’s targeted investment strategy, aimed at enhancing its customer offering.

The Grosvenor Casinos segment recorded particularly strong results, with 3Q25 NGR rising by 13.0% and YTD growth up 14.4%.

Within this segment, table gaming grew by 14.5%, and electronic roulette posted a 9.5% increase.

These gains were attributed to focused capital deployment into gaming equipment and venue enhancements.

London operations were somewhat impacted by shifted holiday dates and ongoing refurbishments, particularly at the Victoria casino, which are expected to conclude by the end of FY25.

These disruptions are anticipated to abate in the next quarter, potentially accelerating Rank’s performance in the capital.

Overall, the 3Q25 update confirms that Rank’s ongoing investments in physical venues and digital platforms are yielding tangible results.

The company’s strategic focus on customer experience, product enhancement, and operational modernisation appears well-placed to support continued growth in both revenue and profitability.

Favourable regulatory reforms to the land-based sector, if enacted, could further strengthen Rank’s market position in the UK.

Digital segment running strong

Rank’s digital business reported even stronger growth, with 3Q25 NGR up 15.4% and a YTD increase of 14.7%. UK digital operations outperformed with an 18.3% rise, benefiting from the divestment of non-core, underperforming brands.

New applications, upgraded platforms, and improved customer experiences were cited as key contributors to the growth.

Peel Hunt noted that most of the heavy infrastructure work for digital platform modernisation is now complete, enabling Rank to focus more intensively on product development and customer-centric enhancements.

From a financial outlook perspective, Peel Hunt reiterated its “Buy” recommendation for Rank and maintained its target share price at £1.10, implying a 41% upside from the closing price of £0.78 on 9 April.

Analysts suggested that the continued successful execution of Rank’s investment strategy provides grounds for optimism, though macroeconomic uncertainties temper immediate upgrades to forecasts.

Peel Hunt also pointed to potential future benefits arising from regulatory changes.

Proposed adjustments that would allow more slot machines and enable sports betting in casinos could further enhance Rank’s revenue profile.

These measures are viewed as supportive to Rank’s transformation agenda and long-term growth.

Greater improvements on the horizon

Peel Hunt forecasts continued financial improvement through FY27.

Adjusted earnings per share (EPS) are projected to grow from 5.8p in FY24 to 11.0p by FY27.

Meanwhile, sales are expected to rise from £735m in FY24 to £919m in FY27, with adjusted EBITDA increasing from £94m to £133m over the same period.

The company’s adjusted profit before tax is also forecasted to almost double, from £33.5m in FY24 to £64.2m in FY27.

Dividend prospects are also on an upward trajectory. Rank reinstated dividends in FY24 at 0.9p per share and is expected to increase this to 3.4p per share by FY27.

The dividend yield is projected to grow from 2.6% in FY25 to 4.3% in FY27.

The report emphasised that Rank is still in the early phases of its investment program and that additional payback from these initiatives is anticipated.

Specifically, Peel Hunt estimated that once the casino modernisation programme is fully confirmed, it could lead to an £8m–£10m uplift in EBIT for FY25, £16m–£18m for FY26, and £21.5m–£23.5m for FY27.

Rank’s capital expenditure is set to increase to £60m annually in FY25 and FY26, before tapering to £55m in FY27, reflecting the company’s continued commitment to venue and technology upgrades.

Despite these expenditures, the company is forecasted to maintain positive free cash flow, expected to grow from £10.7m in FY25 to £32.7m in FY27.

Balance sheet improvements are also apparent. Net debt, excluding lease liabilities, is forecasted to shift from £3.7m in FY23 to a net cash position of £48.8m by FY27.

Including IFRS 16 lease obligations, total net debt is expected to decline from £172.7m in FY23 to £104.6m in FY27, reducing gearing ratios and improving financial resilience.