Business
Interim Results - six months ended 31 March 2026
Ramsdens Holdings PLC reported a record first half for FY26, with revenue up 62% to £83.7m and profit before tax soaring 173% to £16.7m, surpassing the full FY25 profit. This strong performance was driven by a 130% gross profit increase in precious metals purchases to £17.5m, alongside 26% revenue growth in jewellery retail to £26.1m and an 18% increase in pawnbroking gross profit to £7.3m. The company has upgraded its FY26 profit before tax forecast to £30m-£33m and is increasing its interim ordinary dividend by 33% to 6.0 pence per share, plus a 3.0 pence per share special dividend. Disclaimer*
About this update from Ramsdens Holdings Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). 3 June 2026 Ramsdens Holdings PLC ("Ramsdens", the "Group", the "Company") Interim Results for the six months ended 31 March 2026 Record H1 FY26 performance with profit before tax exceeding full year FY25 Another upgrade to FY26 profit before tax Ramsdens, the diversified financial services provider and retailer, is pleased to announce its Interim Results for the six months ended 31 March 2026 (the "Period"). Financial highlights · Revenue increased 62% to £83.7m (HY25: £51.6m); gross profit up 48% to £40.1m (HY25: £27.1m). · 173% growth in profit before tax, to a record £16.7m (HY25: £6.1m), exceeding FY25 full-year profit (£16.2m). · Very strong performance in purchase of precious metals, with gross profit up 130% to £17.5m (HY25: £7.6m), driven largely by the sustained elevated gold price and higher volumes. · Jewellery retail continues to scale, with revenue up 26% to £26.1m (HY25: £20.7m) and gross profit up 31% to £10.4m (HY25: £7.9m). · Pawnbroking gross profit increased 18% to £7.3m (HY25: £6.2m), underpinned by disciplined lending and a growing loan book. · Foreign currency volumes stable but gross profit declined 9% to £4.6m (HY25: £5.1m), reflecting an increased number of customers using our digital services, which are lower margin. The volume of Ramsdens Mastercard ® Multi-Currency cards continues to grow with c50,000 cards now in issue (HY25: 25,000). · Net assets increased to £70.2m (HY25: £54.7m). · Reflecting the Group's positive trading momentum and the Board's confidence in the full year outlook, the Board has approved a 33% increase in the interim ordinary dividend to 6.0 pence per share (HY25: 4.5 pence per share). · In recognition of the exceptional performance of the purchase of precious metals segment in the first half of the year, the Board has approved an interim special dividend of 3.0 pence per share (FY25: 0.5 pence per share). The total interim dividend is therefore 9.0 pence per share (FY25: 5.0 pence per share). Operational hi...
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