Business
Trading Update
Ramsdens Holdings PLC anticipates its full-year 2026 profit before tax to exceed £21 million, surpassing previous market expectations of £18.6 million and representing a significant increase from FY25's £16.2 million. This positive outlook is driven by strong performance in the precious metals segment, benefiting from a gold price approximately 20% higher than the start of the financial year, alongside robust contributions from jewellery retail, pawnbroking with record January lending, and continued store expansion with eight to twelve new openings planned for FY26. Disclaimer*
About this update from Ramsdens Holdings Plc
10 February 2026 Ramsdens Holdings PLC ("Ramsdens", the "Group", the "Company") Trading Update FY26 profits expected to be ahead of market expectations Ramsdens Holdings PLC, the growing, diversified financial services provider and retailer, is pleased to provide an update on FY26 trading (year to 30 September 2026). The Group continues to benefit from the high gold price with profits from the purchase of precious metals segment significantly ahead of expectations. This, supported by good performances across the Group's other income streams, means that the Group now expects profit before tax for FY26 to be more than £21m (FY25: £16.2m), which is ahead of current market expectations*. Highlights ● The purchase of precious metals segment continues to benefit from the high gold price which has reached new record highs in 2026, now approximately 20% higher than at the start of the financial year. In addition, the volume of gold purchased has been very strong in the new financial year, particularly since the start of 2026. ● Jewellery retail continues to perform strongly both in store and online. The re-platformed dedicated jewellery website went live at the end of January. ● Momentum across our pawnbroking income stream has been maintained, with lending at record levels in January. We continue to lend conservatively in relation to the gold price. ● Foreign currency (FX) trading has continued in line with the first quarter. Volumes are flat year on year with continued migration to click and collect and Ramsdens Mastercard® multi-currency card sales, both at lower margins. ● New stores in Wakefield and Hull are trading well. We have a strong pipeline of further new stores and remain on track to open between eight and 12 new stores in FY26. ● As reported in our Annual Results in January 2026, the Group acquired a store on the Isle of Sheppey in December. This store has since been refurbished and rebranded and is trading in line with our expectations. Peter Kenyon, Chief Executive, commented: "Ramsdens' excellent value for money proposition continues to resonate strongly with consumers whether they're looking for new or used jewellery, seeking the best rates for money to take abroad, looking to secure a short-term asset backed loan, or wanting to get cash for their unwanted gold." "Whilst still r...
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