Pawnbroker Ramsdens lifts FY profit outlook, shares jump

(Sharecast News) - Ramsdens said on Tuesday that full-year profit was set to be ahead of current market expectations, sending shares in the pawnbroker higher. In an update for the year to 30 September 2026, the company said pre-tax profit was set to be "more than" £21m, up from £16.2m the year before and above market expectations of £18.6m.

The company said it continues to benefit from the high gold price, with profits from the purchase of precious metals segment significantly ahead of expectations. It also pointed to good performances across the group's other income streams.

Ramsdens said jewellery retail continues to perform strongly both in store and online, with the re-platformed dedicated jewellery website having gone live at the end of January.

Momentum across the pawnbroking income stream has been maintained, it said, with lending at record levels in January. "We continue to lend conservatively in relation to the gold price," it said.

Chief executive Peter Kenyon said: "Ramsdens' excellent value for money proposition continues to resonate strongly with consumers whether they're looking for new or used jewellery, seeking the best rates for money to take abroad, looking to secure a short-term asset backed loan, or wanting to get cash for their unwanted gold.

"We're making good progress in expanding our estate and are on track to open between eight and 12 new stores this year. Whilst there remain uncertainties in the wider macroeconomic backdrop, our diversified business model and strong foundations give the board every confidence in Ramsdens' opportunities to continue to grow and deliver for all stakeholders."

At 1228 GMT, the shares were up 8.7% at 440.30p.