REG - Ramsdens Holdings - Trading Update

Ramsdens HoldingsAnnouncement

10/02/2026 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:20260210:nRSJ3221Sa&default-theme=true

RNS Number : 3221S  Ramsdens Holdings PLC  10 February 2026

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 relatively early in the financial year, as a result of the
strong momentum across our business, the Board now anticipates profit before
tax for FY26 to be ahead of current market expectations."

 

"We're making good progress in expanding our estate and are on track to open
between eight and 12 new stores this year. Whilst there remain uncertainties
in the wider macroeconomic backdrop, our diversified business model and strong
foundations give the Board every confidence in Ramsdens' opportunities to
continue to grow and deliver for all stakeholders."

 

*Prior to this announcement, market expectations for profit before tax for
FY26 were £18.6m.

 

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)

 Tim Redfern (Corporate Broking)

 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  TSTUKRRRNRUURUR



            Copyright 2019 Regulatory News Service, all rights reserved