UK's Ramsdens H1 pretax profit jumps 173% on gold sales
UK's Ramsdens H1 pretax profit jumps 173% on gold sales
Overview
UK diversified financial services provider's H1 revenue rose 62% on strong gold and jewellery sales
H1 pretax profit jumped 173%, surpassing full-year FY25 profit
Board raised interim ordinary dividend by 33% and approved interim special dividend
Outlook
Ramsdens expects FY26 profit before tax between £30m and £33m, above prior guidance
Company says elevated gold price continues to drive strong demand for gold buying
Ramsdens cautions that geopolitical uncertainty may impact international travel and FX sales
Result Drivers
GOLD PRICE SURGE - Sustained high gold price drove 130% increase in precious metals gross profit, with higher purchase volumes and improved marketing, per company
JEWELLERY RETAIL GROWTH - Jewellery retail revenue rose 26% and gross profit 31%, supported by both pre-owned and new jewellery sales and resilient margins, per company
PAWNBROKING EXPANSION - Pawnbroking gross profit increased 18%, underpinned by disciplined lending, a growing loan book, and new customer acquisition, per company
Company press release: ID:nRSC7335Ga
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Basic EPS |
| GBP 0.38 |
|
H1 Dividend |
| GBP 0.09 |
|
H1 Gross Profit |
| GBP 40.10 mln |
|
H1 Pretax Profit |
| GBP 16.70 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy."
Wall Street's median 12-month price target for Ramsdens Holdings PLC is GBp550.00, about 20.2% above its June 2 closing price of GBp457.50
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)