Group revenue and profit growth
Like-for-like net gaming revenue up 6% to GBP 419.8m; underlying like-for-like operating profit rose 15% to GBP 40.6m; underlying operating profit margin improved to 9.7% from 8.9% last year.
Improved capital efficiency and engagement
Return on capital employed increased by 2.6 percentage points to 15.9%; employee engagement score rose to 8.2/10, indicating stronger colleague momentum.
Grosvenor venues and gaming machine rollout
Average weekly NGR for Grosvenor up 6% to GBP 7.8m/week; rollout of 850 additional gaming machines (c.65% increase) completed by December. Gaming machine revenues were the fastest-growing product (Grosvenor machines +11% in the half; London revenues up 13% vs two years ago and machine revenues up 26% over two years).
Digital revenue and profitability
Group digital revenue grew 8% like-for-like (UK +9%); Grosvenor digital +17% and Mecca digital +5%. Digital operating profit increased 12% to GBP 17.8m despite higher statutory levies and slot staking limits.
Mecca venue transformation and machine adoption
Mecca net gaming revenue up 4%; gaming machine revenue in Mecca grew 9% and now represents 43% of Mecca NGR. Electronic play: 59% of visits are on electronic terminals and tablet players now account for 75% of main-stage bingo revenue.
Enracha (Spain) performance
Enracha revenue up 6% on a constant currency basis and underlying like-for-like operating profit up 5% to GBP 5.9m; gaming machine revenues in Enracha grew 10% with venue refurbishments contributing to growth.
Regulatory/legislative tailwinds for bingo
Abolition of the 10% bingo duty from April provides an annualized benefit of GBP 6.5m and is expected to help Mecca reach double-digit operating profit in the next financial year.
Prudent capital allocation and adjusted CapEx guidance
H1 CapEx GBP 27.6m. FY CapEx guidance adjusted to GBP 50–55m (timing change from prior GBP 60m expectation), reflecting targeted investments with strong expected paybacks.
Strategic and operational initiatives
Company is launching targeted initiatives: unified membership for Mecca (cross-channel personalization), a gaming machine rewards scheme, sports-betting trials in selected casinos, expansion to six machine suppliers, and improvements in data science and AI-led table management to drive future growth.