Ramsdens Holdings (LSE:RFX), the UK-based financial services and retail group specialising in foreign currency exchange, pawnbroking, precious metals trading and jewellery sales, reported strong trading across its core divisions during the first five months of its 2026 financial year.
The company is continuing to expand its store network, with new locations recently opened in Wakefield, Hull and Sheerness. Management said it remains on track to add between eight and twelve new stores during the current financial year as part of its ongoing growth strategy.
Ramsdens has upgraded its full-year profit before tax forecast to at least £24 million, with the potential to reach as much as £28 million if current favourable trading conditions persist. The revised outlook is significantly higher than the previous market consensus estimate of £21.1 million.
Performance has been supported by an average gold price roughly 50% higher than a year earlier, which has boosted both purchasing volumes and trading activity in precious metals. Jewellery retail revenue has also grown strongly, rising 25% year over year. In addition, the company reported record levels of pawnbroking lending, while its foreign currency division remained stable despite some margin pressure caused by customers shifting toward online and card-based payment products.
Looking ahead, Ramsdens’ outlook is supported by strong revenue growth and improving profitability. However, the company continues to face some variability in cash conversion and volatility in free cash flow. Technical indicators remain supportive, with the share price trending upward, although elevated momentum readings suggest the stock could face a near-term pullback. Valuation appears relatively balanced, supported by a modest dividend yield, while recent management commentary reaffirmed confidence in FY2026 performance despite acknowledging potential risks related to gold price movements and operating costs.
More about Ramsdens Holdings
Ramsdens Holdings is a UK-based diversified financial services provider and retailer offering foreign currency exchange, pawnbroking loans, precious metals buying and selling, and both new and pre-owned jewellery. Headquartered in Teesside, the FCA-authorised company operates 172 stores across the United Kingdom alongside a growing online platform. Ramsdens focuses on secured lending and retail services and does not provide unsecured high-cost short-term credit.
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