Ramsdens raises revenue forecast amid document value of gold
Ramsdens Holdings has introduced that its revenue earlier than tax for the 2026 monetary 12 months is predicted to surpass £21m, up from £16.2m in 2025.
The revised forecast is forward of earlier market expectations of £18.6m. The group attributed the efficiency to document excessive gold costs, which have elevated by roughly 20% for the reason that begin of the monetary 12 months. The corporate reported a big enhance within the quantity of valuable metals bought from clients, notably since January 2026.
Pawnbroking lending reached document ranges in January, although the corporate acknowledged it continues to lend conservatively in opposition to gold values.
Jewelry retail carried out effectively each in-store and on-line, supported by the launch of a brand new web site on the finish of January.
Nevertheless, international forex buying and selling remained flat 12 months on 12 months, with a shift towards lower-margin digital companies and multi-currency card gross sales.
The corporate stays on observe to open between eight and 12 new shops through the present monetary 12 months, with new websites in Wakefield and Hull reported to be buying and selling in step with expectations.
Peter Kenyon, chief government, mentioned: “Ramsdens’ proposition continues to resonate with shoppers whether or not they’re searching for new or used jewelry, in search of the very best charges for cash to take overseas, trying to safe a short-term asset backed mortgage, or desirous to get money for his or her undesirable gold.
“While nonetheless comparatively early within the monetary 12 months, because of the robust momentum throughout our enterprise, the Board now anticipates revenue earlier than tax for FY26 to be forward of present market expectations. We’re making good progress in increasing our property and are on observe to open between eight and 12 new shops this 12 months.”
