Ramsdens Holdings Plc · LSE:RFX
Ramsdens — FY2025 Earnings Presentation
25 slides from Ramsdens's earnings presentation, Jan 14, 2026
Slide 1: FY25 Annual Results
RAMSDENS HOLDINGS PLC FY25 Annual Results Trustpilot Helping you with everyday life Kk kkk a.
Slide 2: Disclaimer
Disclaimer This document, which comprises a presentation of the results for the year ended 30 September 2025 (the "Presentation"), has been prepared by, and is the sole responsibility of, Ramsdens Holdings PLC (the "Company"). This Presentation has not been approved by an authorised person in accord
Slide 3: Contents
CONTENTS Summary FY25 Overview Financials Outlook APPENDICES Who we are Lease portfolio The Board Image credit: Andrew Heptinstall Photography
Slide 4: Record profit before tax of £16.2m; revenue exceeding £100m
Record profit before tax of £16.2m; revenue exceeding £100m Financial highlights Operational highlights • Revenue increased 22% to £116.8m (FY24: £95.6m) • New stores opened in Burton and Grantham, with 169 stores as at 30 September 2025 (FY24: 169) • Gross profit increased 18% to £60.7m (FY24: £51.
Slide 5: Overview of Ramsdens – consistent growth & delivery
Overview of Ramsdens – consistent growth & delivery Profit Before Tax growth Dividend growth Profit before tax (£'000) Dividend declared (pence per share) 18,000 18.0 16,000 16.0 14,000 14.0 12.0 12,000 10.0 10,000 8.0 8,000 6.0 6,000 4.0 4,000 2.0 0.0 2,000 FY17 FY18 FY19 FP20 FY21 FY22 FY23 FY24 F
Slide 6: Strong Foundations
Strong Foundations Financial base Well invested systems Well established bespoke Diversified income streams customer centric core operating Strong cash generation system Cash to invest Integrated websites Can leverage off head office cost base Strong consumer brand Great culture Advertising through
Slide 7: Clear growth strategy
Clear growth strategy CAPITALISE ON DRIVE GROWTH FROM GROW ONLINE EXPAND STORE CONSOLIDATION CORE ESTATE PRESENCE ESTATE OPPORTUNITIES High street and online are complementary Replicate the established successful store model in new towns Latent growth to come through from new store openings in recen
Slide 8: Financials
FINANCIALS
Slide 9: Summary profit & loss
Summary profit & loss Key highlights Consolidated profit & loss ▪ Revenue increased 22% to £116.8m (FY24: £95.6m) £000s FY25 FY24 Change % ▪ Gross profit increased 18% to £60.7m (FY24: £51.5m) driven primarily by purchase of precious metals which increased 52% to Revenue 116,804 95,608 22% £17.9m (F
Slide 10: Purchase of precious metals – gross profit increased 52% year on year
Purchase of precious metals – gross profit increased 52% year on year History Opportunities and risks £000s FY25 FY24 Change % + Sterling gold price – expectation is for price to remain high in short term but Revenue 44,995 31,151 44% could see some softening from record Gross profit 17,917 11,822 5
Slide 11: Jewellery retail – revenue increased 20% year on year
Jewellery retail – revenue increased 20% year on year History Opportunities and risks + Benefit of recent investments in stock £000s FY25 FY24 Change % levels and presentation Revenue 42,564 35,607 20% + Staff training and development of new staff Gross profit 15,738 13,293 18% + Growing awareness o
Slide 12: Pawnbroking – gross profit increased 9% year on year
Pawnbroking – gross profit increased 9% year on year History Opportunities and risks £000s FY25 FY24 Change % + Sterling gold price allows higher loans on gold jewellery Revenue 14,070 13,408 5% + Geographic expansion and latent growth in new stores Gross profit 12,706 11,657 9% + Growing consumer a
Slide 13: Foreign currency exchange – currency exchanged increased 1% yoy
Foreign currency exchange – currency exchanged increased 1% yoy History Opportunities and risks £s FY25 FY24 Change % Total currency exchanged 429m 423m 1% Sales of currency 410m 403m 2% Purchases of currency 19m 20m (5%) Gross profit 13.8m 14.2m (3%) Online/app sales 78.9m 59.6m 32% Online/app % of
Slide 14: Cash flow statement
Cash flow statement Key highlights ▪ Net cash flows from operating activities in FY25 were £6.1m (FY24: Cash flow statement £11.9m) £000s FY25 FY24 Change % ▪ Working capital outflows in the year include a £10.1m increase in inventories and growth of the pawnbroking loan book which has EBITDA 21,305
Slide 15: Financial position
Financial position Key highlights Balance sheet ▪ Strong balance sheet with net assets of £62.9m (£53.6m As at As at at September 2024), including cash of £15.4m (£15.8m at £000s 30 September 2025 30 September 2024 September 2024) Non-current assets Property, plant and equipment 7,813 8,853 ▪ Invent
Slide 16: Summary & Outlook
SUMMARY & OUTLOOK
Slide 17: Summary and outlook
Summary and outlook • FY25 ahead of market expectations Profit before tax (£'000) 18,000 • Robust business model with diversified 16,000 income streams once again proven to achieve 14,000 strong growth 12,000 10,000 • Revenue exceeded the £100m mark for the 8,000 first time, at £116.8m (FY24: £95.6m
Slide 18: Appendices
APPENDICES Who we are Lease portfolio The Board
Slide 19: Ramsdens is a diversified financial services provider and retailer
Ramsdens is a diversified financial services provider and retailer • Headquartered in Teesside • 169 stores including one franchised store as at September 2025 • Mainly located in Northern England, Scotland and Wales • Over 800 employees • Dedicated customer websites for all core services • Key serv
Slide 20: Overview of four key income streams
Overview of four key income streams Foreign Currency Retail Jewellery • Predominantly exchanging currency notes for holiday makers (82% • Sale of new and pre-owned jewellery, including premium watches is selling €s, 11% is selling US$s and 7% all other currencies) • Retail revenue split broadly even
Slide 21: Overview of four key income streams
Overview of four key income streams Pawnbroking Purchase of Precious Metals • Loans secured against valuable jewellery items • Purchase of unwanted or broken jewellery items from customers • Loan term of six months • Items are either retailed or smelted for sale through wholesale market • Interest r
Slide 22: New stores
New stores Key highlights ▪ Two new stores opened in the Period: Grantham and Burton ▪ In the UK there are over 350 locations with a population of greater than 30,000 of which London represents only one. There is therefore significant opportunity to continue with our expansion plans ▪ Healthy pipeli
Slide 23: Branch estate lease portfolio
Branch estate lease portfolio Lease/break summary at September 2025 ▪ 167 leased stores as at September 2025 (nb one franchisee and two 120 owned freehold stores) 100 95 ▪ Average lease term remaining (to end of lease or break if earlier) is 16 months (as at September 2024 – 16 months) 80 ▪ 95 store
Slide 24: The Ramsdens Board
The Ramsdens Board Peter Edward Kenyon, Chief Executive Officer Peter joined Ramsdens in November 2001 as Operations Director and was appointed Chief Executive Officer in January 2008. Peter led the MBO in 2014 and has been responsible for over 30 acquisitions for the Group. He is responsible for ov
Slide 25: The Ramsdens Board
The Ramsdens Board Simon Edward Herrick, Non-Executive Chairman, Chair of the Nominations Committee Simon joined the board of the Company on 1 January 2017. Simon has significant experience in senior executive roles including positions as CFO of Debenhams plc, Northern Foods plc, Darty plc and PA Co