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Ramsdens lifts FY26 profit forecast on record gold prices and expansion

Story Highlights
  • Ramsdens raised its FY26 profit guidance above market expectations, powered by record gold prices and strong precious metals purchasing volumes.
  • Robust jewellery, pawnbroking and steady FX trading, alongside ongoing UK store expansion, underpin management confidence despite macroeconomic headwinds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ramsdens lifts FY26 profit forecast on record gold prices and expansion

Meet Samuel – Your Personal Investing Prophet

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

Ramsdens Holdings has upgraded its profit outlook for the year to 30 September 2026, now expecting pre-tax profit of more than £21m compared with £16.2m last year and above prior market forecasts. The outperformance is being driven primarily by its precious metals purchasing arm, which is benefiting from record high gold prices and strong buying volumes.

Jewellery retail is trading robustly in-store and online, supported by the recent launch of a re-platformed dedicated jewellery website, while pawnbroking lending hit record levels in January as the group maintains conservative loan-to-gold values. Foreign currency volumes remain flat year on year with a shift toward lower-margin digital channels, and the group is expanding its footprint with new stores in Wakefield, Hull and the Isle of Sheppey and remains on track to open eight to 12 new outlets in FY26, underpinning management’s confidence in continued growth despite macroeconomic uncertainties.

The most recent analyst rating on (GB:RFX) stock is a Buy with a £440.00 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 Outperform.

The score is driven primarily by solid financial performance (strong growth and improved profitability) but tempered by inconsistent cash conversion and FCF volatility. Technicals support the rating with a strong uptrend, though overbought indicators raise pullback risk. Valuation appears reasonable with a modest dividend, and the earnings call added support via upbeat FY26 guidance while acknowledging gold- and cost-related risks.

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 focused on foreign currency exchange, pawnbroking loans, buying and selling precious metals, and retailing new and second-hand jewellery. Headquartered on Teesside, it operates 172 stores nationwide alongside a growing online offering, and is fully FCA-authorised for pawnbroking, credit broking and payments activities.

Average Trading Volume: 97,379

Technical Sentiment Signal: Buy

Current Market Cap: £127M

For detailed information about RFX stock, go to TipRanks’ Stock Analysis page.

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