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6 May 2026 07:00
6 May 2026
Ramsdens Holdings PLC
("Ramsdens", the "Group", the "Company")
Trading Update
Further upgrade to FY26 profit as strong performance continues;
H1 FY26 profit performance will exceed FY25 full year
Ramsdens Holdings PLC, the growing, diversified financial services provider and retailer, is pleased to provide a further update on FY26 (year to 30 September 2026) trading to date (the "year to date").
Further to the Group's announcement on 18 March 2026, the Company has continued to perform well across its core income streams and has seen further benefit from the sustained, very high gold price compared to historical levels in its purchase of precious metals division.
Notwithstanding the high gold price in the year to date, the Board is conscious that the current geopolitical and economic climate remains uncertain and this has made the gold price volatile. This uncertainty, and recent reports around fuel shortages impacting flights over the summer may also impact international travel and consequently our foreign currency sales.
However, overall and taking into account both the strong trading for the year to date and the Board's cautionary stance on the geopolitical and economic risks, the Board now expects its profit before tax for FY26 to be at least £28.5m* and, if the favourable gold price continues and summer currency volumes are in line with last year, potentially up to £31.5m.
Year to date highlights
● | Our purchase of precious metals division continued to benefit from the high gold price. For several weeks in H1 FY26, the gold price was 50% ahead of last year and it is currently c.40% ahead of last year. The higher gold price, together with our marketing efforts, has contributed to an increased weight of gold purchased, which is also c.50% higher year on year. |
● | Jewellery retail revenue is approximately 25% ahead year on year with gross margins slightly improved. |
● | Strong demand for pawnbroking loans continued with record new lending again in March and April. The pawnbroking loan book is now approximately £14.1m, an increase of 24% on the September year end position of £11.4m. |
● | The total currency exchanged year to date is only marginally back on last year but commission is c.9% lower, reflecting the continued migration towards online and currency card sales, which are lower margin. |
● | New stores in Wakefield, Hull, and Sheerness continue to trade well since opening and we have also very recently opened additional stores in Ashford and Abergavenny. The Group has two further stores in Newark and Hereford currently in shop fit for opening later in May, with a further two stores legally completed and awaiting shop fit start dates. The Group therefore expects to open between ten and 12 new stores in FY26. |
Peter Kenyon, Chief Executive, commented:
"We have had a strong start to the year given the economic back drop with our pawnbroking, jewellery retail and foreign currency exchange services all performing well. In addition, we have had an exceptional half year for our purchase of precious metals segment due to the continued benefits of a sustained high gold price and the increased weight being purchased.
As a result of the continued strong performance across our diversified income streams and the additional benefit of the very high gold price, we are once again trading ahead of market expectations* and currently anticipate profit before tax for FY26 to be in a range of £28.5m to £31.5m."
*Prior to this announcement, consensus market forecast for profit before tax for FY26 was £24.1m.
Notice of Results & Investor Presentation
The Group will announce its Interim Results for the six months ended 31 March 2026 on 3 June 2026.
In addition, the Group confirms that Peter Kenyon, Chief Executive Officer, and Martin Clyburn, Chief Financial Officer will provide a live presentation via the Investor Meet Company platform on Thursday 4 June 2026 at 5.00pm BST, relating to the Group's Interim Results.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9:00am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet Ramsdens Holdings PLC via: https://www.investormeetcompany.com/ramsdens-holdings-plc/register-investor
Investors who already follow Ramsdens on the Investor Meet Company platform will automatically be invited.
The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. The person responsible for making this announcement on behalf of the Company is Peter Kenyon.
ENDS
Enquiries:
Ramsdens Holdings PLC +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Jonny Franklin-Adams / Marc Milmo / George Lawson (Corporate Finance)
| +44 (0) 20 7220 0500 |
Hudson Sandler (Financial PR) Alex Brennan Emily Booker |
+44 (0) 20 7796 4133 |
About Ramsdens
Ramsdens is a growing, diversified, financial services provider and retailer, operating in the four core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery.
Ramsdens does not offer unsecured high-cost short term credit.
Headquartered on Teesside, the Group operates from 175 stores within the UK (including one franchised store) and has a growing online presence.
Ramsdens is fully FCA authorised for its pawnbroking, credit broking activities and as an authorised payments institution.
www.ramsdensplc.com www.ramsdensjewellery.co.uk www.ramsdenscurrency.co.uk www.ramsdenspawnbrokers.co.uk www.ramsdensgoldbuying.co.uk
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