REG - Ramsdens Holdings - Trading Update

Ramsdens HoldingsAnnouncement

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RNS Number : 1258D  Ramsdens Holdings PLC  06 May 2026

6 May 2026

 

Ramsdens Holdings PLC

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

Trading Update

 

Further upgrade to FY26 profit as strong performance continues;

H1 FY26 profit performance will exceed FY25 full year

 

 

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 18 March 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 historical levels
in its purchase of precious metals division.

Notwithstanding the high gold price in the year to date, the Board is
conscious that the current geopolitical and economic climate remains uncertain
and this has made the gold price volatile. This uncertainty, and recent
reports around fuel shortages impacting flights over the summer may also
impact international travel and consequently our foreign currency sales.

 

However, overall and taking into account both the strong trading for the year
to date and the Board's cautionary stance on the geopolitical and economic
risks, the Board now expects its profit before tax for FY26 to be at least
£28.5m* and, if the favourable gold price continues and summer currency
volumes are in line with last year, potentially up to £31.5m.

 

Year to date highlights

 ●    Our purchase of precious metals division continued to benefit from the high
      gold price. For several weeks in H1 FY26, the gold price was 50% ahead of last
      year and it is currently c.40% ahead of last year. The higher gold price,
      together with our marketing efforts, has contributed to an increased weight of
      gold purchased, which is also c.50% higher year on year.
 ●    Jewellery retail revenue is approximately 25% ahead year on year with gross
      margins slightly improved.
 ●    Strong demand for pawnbroking loans continued with record new lending again in
      March and April. The pawnbroking loan book is now approximately £14.1m, an
      increase of 24% on the September year end position of £11.4m.
 ●    The total currency exchanged year to date is only marginally back on last year
      but commission is c.9% lower, reflecting the continued migration towards
      online and currency card sales, which are lower margin.
 ●    New stores in Wakefield, Hull, and Sheerness continue to trade well since
      opening and we have also very recently opened additional stores in Ashford and
      Abergavenny. The Group has two further stores in Newark and Hereford currently
      in shop fit for opening later in May, with a further two stores legally
      completed and awaiting shop fit start dates. The Group therefore expects to
      open between ten and 12 new stores in FY26.

 

Peter Kenyon, Chief Executive, commented:

"We have had a strong start to the year given the economic back drop with our
pawnbroking, jewellery retail and foreign currency exchange services all
performing well.  In addition, we have had an exceptional half year for our
purchase of precious metals segment due to the continued benefits of a
sustained high gold price and the increased weight being purchased.

As a result of the continued strong performance across our diversified income
streams and the additional benefit of the very high gold price, we are once
again trading ahead of market expectations* and currently anticipate profit
before tax for FY26 to be in a range of £28.5m to £31.5m."

 

*Prior to this announcement, consensus market forecast for profit before tax
for FY26 was £24.1m.

 

Notice of Results & Investor Presentation

The Group will announce its Interim Results for the six months ended 31 March
2026 on 3 June 2026.

In addition, the Group confirms that Peter Kenyon, Chief Executive Officer,
and Martin Clyburn, Chief Financial Officer will provide a live presentation
via the Investor Meet Company platform on Thursday 4 June 2026 at 5.00pm BST,
relating to the Group's Interim Results.

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via the Investor Meet Company dashboard up until
9:00am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet
Ramsdens Holdings PLC
via: https://www.investormeetcompany.com/ramsdens-holdings-plc/register-investor
(https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.investormeetcompany.com%2Framsdens-holdings-plc%2Fregister-investor&data=05%7C02%7Cebrooker%40hudsonsandler.com%7C8f3367a69555468cbf4b08dd92b7e394%7Ca33bdb157e25438ab1fd5c523a8866f9%7C0%7C0%7C638828040721386940%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=OEeCa1iqqVbM8sEb9o9eWy5UC44SheeA1soJA5kV8RM%3D&reserved=0)

Investors who already follow Ramsdens on the Investor Meet Company platform
will automatically be invited.

 

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 175 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.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)

 

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