RAMSDENS HOLDINGS PLC - Interim Results for the six months ended 31 March 2026

Ramsdens Holdings PLC delivered a strong investor update, reporting record first-half financial results driven by exceptional growth in its precious metals business alongside solid performance across its diversified operations. Revenue increased 62% to £83.7 million, while profit before tax surged 173% to £16.7 million, exceeding the company’s full-year profit from the previous financial year. Growth was supported by a significantly higher gold price, increased gold purchasing volumes, strong retail jewellery sales, and continued expansion of the pawnbroking loan book. Retail jewellery revenue rose 26%, supported by growth in pre-owned jewellery, premium watches, and e-commerce sales, while pawnbroking income increased 18% with conservative loan-to-value ratios and stable customer repayment trends. The group maintained a robust balance sheet with substantial cash reserves, secured lending assets, and inventory valued below intrinsic gold prices. Ramsdens continued to execute its growth strategy through new store openings, acquisitions, digital platform enhancements, and expansion of its foreign currency and travel card services, surpassing 50,000 active currency cards. Management upgraded full-year profit guidance to £30–33 million and announced an increased interim and special dividend, reflecting exceptional profitability and strong cash generation. With 175 stores nationwide, a growing order pipeline for new locations, resilient margins, and multiple revenue streams spanning foreign exchange, pawnbroking, precious metals, and jewellery retail, Ramsdens remains well positioned to deliver long-term shareholder value, sustainable earnings growth, and continued market expansion.