Ramsdens Delivers Record Year as High Gold Price and Diversified Model Drive Profits Past £16m

Ramsdens Holdings ( (GB:RFX) ) has shared an update.

Ramsdens reported another record year for the 12 months to 30 September 2025, with revenue up 22% to £116.8m and profit before tax jumping 43% to £16.2m, driven by strong contributions across all four divisions and a sustained high gold price. The purchase of precious metals was the standout performer with gross profit up 52% to £17.9m, while pawnbroking profits rose 9%, jewellery retail gross profit increased 18% – aided by a 35% surge in pre-owned jewellery revenue – and foreign currency exchanged ticked up despite margin pressure from a shift to online and card products. Ramsdens held its estate broadly steady at 168 stores, recommended a 43% increase in the full-year dividend to 16.0p per share including special payouts, and highlighted continued strategic progress in its omni-channel offering. In Q1 FY26, the group reported further strong trading momentum, with precious metals gross profit up more than 50%, record month-on-month lending lifting the pawnbroking loan book to £12.8m, jewellery retail revenue more than 20% higher year on year, and FX margins still under pressure from digital migration. The company has begun a new phase of expansion with new stores in Wakefield and additional openings planned, alongside the acquisition of a small pawnbroker, and despite rising employment and national insurance costs linked to its commitment to the Real Living Wage, the board now expects FY26 profit before tax to exceed £18m, underlining confidence in its growth strategy and cash-generative model.

The most recent analyst rating on (GB:RFX) stock is a Hold with a £348.00 price target. To see the full list of analyst forecasts on Ramsdens Holdings stock, see the GB:RFX Stock Forecast page.

Spark’s Take on GB:RFX Stock

According to Spark, TipRanks’ AI Analyst, GB:RFX is a Neutral.

Ramsdens Holdings’ strong financial performance is the primary driver of its stock score, supported by solid revenue growth and cash flow management. However, technical analysis indicates bearish momentum, which weighs down the overall score. The stock’s reasonable valuation with a low P/E ratio and decent dividend yield provides some balance.

To see Spark’s full report on GB:RFX stock, click here.

More about Ramsdens Holdings

Ramsdens Holdings is a UK-based diversified financial services provider and retailer, operating 168 stores and an online platform. Its core activities span pawnbroking, the purchase of precious metals, jewellery retail – with a particular focus on pre-owned items – and foreign currency exchange, giving the group a resilient, multi-income stream model leveraged to consumer demand for jewellery, small-sum lending and travel money.

Average Trading Volume: 82,520

Technical Sentiment Signal: Buy

Current Market Cap: £128.6M

See more data about RFX stock on TipRanks’ Stock Analysis page.