REG - Ramsdens Holdings - Trading Update

Ramsdens HoldingsAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260318:nRSR0376Xa&default-theme=true

RNS Number : 0376X  Ramsdens Holdings PLC  18 March 2026

18 March 2026

 

Ramsdens Holdings PLC

("Ramsdens", the "Group", the "Company")

Trading Update

 

Strong performance continues; further upgrade to full year profit expectations

 

 

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 10 February 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 historic levels
in its purchase of precious metals division. Based on the current geopolitical
and economic climate, the Board believes that the gold price could remain
elevated throughout the second half of FY26. This assumption means that
profits within the precious metals division would be ahead of the Board's
previous expectations for HY2, reflecting both the high gold price and
increased purchase volumes.

 

Taking into account the strong trading for the first five months of the year,
and the Board's updated expectations on the outlook for the gold price, the
Group now expects its profit before tax for FY26 to be at least £24m* and, if
the favourable gold price and trading conditions continue, potentially up to
£28m.

 

Year to date highlights

 

 ●    The average gold price for the year to date is approximately 50% higher than
      prior year. The higher gold price is also contributing to an increased weight
      of gold purchased, which is also approximately 50% higher year on year.
 ●    Jewellery retail revenue is approximately 25% ahead year on year.
 ●    Pawnbroking lending was at record levels in February 2026, and positive
      momentum has continued into March. The loan book is now approximately £13.5m,
      an increase of 18% on the September year end position of £11.4m.
 ●    The total currency exchanged in the first five months of FY26 was in line with
      the comparable period in FY25, with foreign currency commissions approximately
      5% lower year on year reflecting the continued migration towards online and
      currency card sales, which are lower margin. Whilst the current situation in
      the Middle East may have an impact for international travel, our primary
      foreign currency activity is selling Euros to customers holidaying in Europe
      which currently appears to be stable.
 ●    Our new stores in Wakefield, Hull and Sheerness have traded well since
      opening. The Group remains on track to open between eight and 12 new stores in
      FY26. We currently have three stores in shop fit and a further three stores
      expected to be in shop fit within the next few weeks.

 

Peter Kenyon, Chief Executive, commented:

"Ramsdens continues to perform well across its diversified business model
reflecting the strength of our trusted brand, value for money proposition and
outstanding team. In addition to underlying progress across the business, we
continue to benefit from the high gold price, which is significantly boosting
both customer demand and profits within our purchase of precious metals
segment. As a result, we are once again trading ahead of market expectations*
and currently anticipate profit before tax for FY26 to be in a range of £24m
to £28m."

 

The Group expects to report its interim results for the six months ended 31
March 2026 in early June 2026.

*Prior to this announcement, consensus market forecast for profit before tax
for FY26 was £21.1m.

 

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)             +44 (0) 20 7220 0500

 Jonny Franklin-Adams / Marc Milmo / George Lawson (Corporate Finance)

 Hudson Sandler (Financial PR)                                                +44 (0) 20 7796 4133

 Alex Brennan

 Emily Booker

 

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 172 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 (http://www.ramsdensjewellery.co.uk)
www.ramsdenscurrency.co.uk (http://www.ramsdenscurrency.co.uk/)
www.ramsdenspawnbrokers.co.uk (http://www.ramsdenspawnbrokers.co.uk/)
www.ramsdensgoldbuying.co.uk (http://www.ramsdensgoldbuying.co.uk)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTUBAWRNVUOAAR



            Copyright 2019 Regulatory News Service, all rights reserved