8th Oct 2025 11:42
(Alliance News) - Ramsdens Holdings PLC on Wednesday said it expects pretax profit "slightly ahead of expectations" after sustained strong gold prices in financial 2025.
The Middlesbrough, England-based financial services provider and pawnbroker had cited a GBP15.4 million pretax profit consensus for the year that ended September 30, up from GBP11.4 million the year prior.
Ramsdens noted strong trading in precious metals, "supported by a stronger gold price and the launch of a dedicated gold buying website," which it estimated leading to a 15% on-year increase in the weight of gold purchased, with annual gross profit about 50% higher than the previous year.
Gross profit from jewellery retail improved by about 15%, though the measure remained broadly flat for foreign currency, "against a strong FY24 comparative, when we benefited from the UEFA Euros and Olympics," Ramsdens said.
Its pawnbroking loan book stood at GBP11.5 million as of September 30, up 8% from GBP10.7 million a year earlier.
"Whilst we have benefited from the sustained high gold price within our purchase of precious metals segment, we've also continued to make good progress across our other income streams," commented Chief Executive Peter Kenyon.
The firm reported just under 40,000 multi-currency cards in issue at the end of September, more than doubled from 17,000 on-year. Its international money transfer service is expected to be available in Ramsdens UK stores "soon".
The year saw the closure of its Teesside Airport kiosk, the combination of two Glasgow locations and a planned slowdown in new openings, aside from two new sites in Grantham and Burton. This leaves the store estate at 169, including one franchised location, at the year-end.
The company is planning eight to 12 new openings per year from financial 2026 onwards, given its "confidence in [the] high street model."
Ramsdens publishes annual results on January 14. Its shares traded 4.8% lower at 369.00 pence on Wednesday morning in London, having risen 80% in the last 12 months.
By Holly Munks, Alliance News reporter
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