Ramsdens Holdings PLC Trading Update: Further Upgrade to FY26 Profit Forecast Amid Strong Performance
Date: 16 July 2026
RNS Number: 5230M
Key Highlights: Continued robust trading leads to revised profit expectations of £32m to £35m for FY26.
Ramsdens Holdings PLC Reports Strong Trading Update Amid Acquisition Plans
16 July 2026 – Ramsdens Holdings PLC, a diversified financial services provider and retailer, has announced an optimistic trading update for the fiscal year ending September 30, 2026. The company is now projecting a profit before tax of between £32 million and £35 million, a notable increase from previous estimates of £30 million to £33 million.
This positive outlook comes on the heels of a significant acquisition announcement made on June 23, 2026, where Ramsdens agreed to be acquired by Chess Bidco Limited, a subsidiary of FirstCash Holdings, Inc. The acquisition will be executed through a Court-sanctioned scheme of arrangement, marking a pivotal moment in Ramsdens’ corporate journey.
Despite fluctuations in the gold market, with prices dropping over 20% since January, Ramsdens has managed to maintain a robust performance in its precious metals segment. The company noted that while the volume of gold purchases has slightly decreased, the year-end results for this segment are expected to exceed earlier projections.
In addition to its precious metals business, Ramsdens reported a record month for pawnbroking loans in June, with the loan book growing from £14.5 million to £15.5 million in just six weeks. This growth is anticipated to contribute positively to the company’s financial performance not only for FY26 but also into FY27.
The retail jewellery segment has shown resilience, aligning with the Board’s expectations, while the ongoing participation of Scotland and England in the World Cup has boosted foreign currency exchange volumes. Notably, card loads for the Ramsdens Mastercard® Multi Currency Card have surged by 40% compared to the previous year, despite some margin pressures.
Peter Kenyon, Chief Executive of Ramsdens, expressed confidence in the company’s foundations, stating, “We are continuing to trade well, maximising the opportunity of trading with a favourably high gold price. Our diversified financial services are all contributing to the Group’s ongoing success.”
Ramsdens is also expanding its physical presence, with new store openings in Hereford and Skegness, and additional locations in Newark and Peterborough currently being fitted out. Plans for new stores in Corby and St Helens are also underway.
As Ramsdens navigates this transformative period, the Board remains optimistic about the future, emphasizing the strength of their diversified business model and the potential for continued growth.
For further inquiries, Ramsdens Holdings PLC can be reached at +44 (0) 1642 579957.
About Ramsdens Holdings PLC
Ramsdens is a growing financial services provider and retailer, operating across four core segments: foreign currency exchange, pawnbroking loans, precious metals buying and selling, and retailing of jewellery. Headquartered in Teesside, the Group operates 175 stores across the UK and is fully FCA authorized for its financial activities.
For more information, visit Ramsdens PLC.