The call presented a strongly positive operational and financial performance for FY25 driven by record revenue (>GBP 100m), PBT up 43% to GBP 16.2m, robust retail and gold-buying growth, a healthy balance sheet (net assets GBP 62.9m, cash c. GBP 15m, ROE ~20%) and clear FY26 guidance to exceed GBP 18m PBT alongside plans to open 8–12 new stores. Key risks highlighted include pronounced sensitivity to gold price movements, margin pressure in the currency business due to channel mix shifts, and higher operating costs (wages and NI). Overall, the positives from strong growth, cash generation and clear guidance outweigh the listed risks, though the company remains exposed to commodity and high‑street volatility.

Company Guidance

Management guided that FY26 PBT will exceed £18.0m and trading has started strongly in Q1 (gold‑buying profit in Q1 +50%); they plan to open 8–12 stores this year (c. £0.5m cash per new store: ~£225k sunk CapEx + £275k working capital) and will only proceed where they can deliver ≥20% return on capital, with four stores slated to open by early March. FY25 metrics reiterated: revenue >£100m (+22%), PBT £16.2m (+43%), PAT £11.9m (EPS 37p), net assets £62.9m, cash £15m (incl. ~£9m FX), ROE 20%; segment highlights include gold‑buying revenue +44% (volumes +14%; 9ct avg price £21→£28, +34%), retail +20% (gross margin 37%, £8m stock investment; pre‑owned +35%, watches +13%, online retail +14%), pawnbroking loan book £11.4m (Dec £12.8m, loan book +7%), currency cards 40,000, currency revenue +1% (avg transaction -2%, gross profit -3%), finance costs -20%, and a 16p dividend (including 2.5p special; ~43% payout).

Record Revenue and Profit

Revenue exceeded GBP 100m for the first time (revenue +22% YoY). Profit before tax (PBT) was GBP 16.2m, up 43% from GBP 11.4m last year. Profit after tax was GBP 11.9m (basic EPS 37p). Dividend increased 43% to 16p total (including a 2.5p special).

Strong Balance Sheet and Cash Generation

Net assets of GBP 62.9m, cash on the balance sheet c. GBP 15m (includes ~GBP 9m FX in tills). Return on equity ~20% for FY25. No structural debt and the RCF is currently undrawn, supporting low finance costs.

Gold Buying Surge

Precious metals revenue up 44% YoY; volumes purchased +14%. Gross profit in the gold buying segment rose ~52%. 9-carat gold average price rose from GBP 21 to GBP 28 (a c.34% increase) in the year, and management reported further strong Q1 momentum (gold buying profit +50% in Q1 and 9-carat price cited over GBP 40/gram at the time of the call).

Retail Growth and Inventory Investment

Jewellery retail revenue +20% YoY with gross margin held at c.37%. Pre-owned jewellery revenue +35% (mix of price and volume), premium watches +13% and online retail sales +14%. Company invested c. GBP 8m in stock during the year to support retail growth.

Pawnbroking Loan Book Progress and Improved Repayments

Pawnbroking loan book +7% to GBP 11.4m at year-end (increased further to GBP 12.8m at end-December). Repayment rates improved and aged lending reduced; loan-to-value (LTV) remains conservative, improving long-term customer outcomes and yield.

Payments and Card Growth; New IMT Service

Launched in‑house international money transfer service and issued 40,000 currency cards (up from 20,000 a year earlier), strengthening customer retention and recurring transactional relationships.

Lower Finance Costs and Efficient Working Capital Use

Finance costs down ~20% (benefiting from lower drawn debt and lower base rates). Business is highly cash generative with seasonal FX funding managed through the RCF; the company had no drawn RCF at the time of the call.

Positive FY26 Guidance and Store Growth Plan

Management reaffirmed a strong start to FY26 and guided to exceed GBP 18m PBT for FY26. Plan to open 8–12 new stores in the current financial year (already on track with openings underway).

Ramsdens Holdings (GB:RFX) Earnings, Revenues Date & History

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GB:RFX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 10, 2026	2026 (Q2)	- / -	0.136	―	―	―
Jan 14, 2026	2025 (Q4)	- / 0.23	0.171	35.09% (+0.06)	―	―
Jun 04, 2025	2025 (Q2)	- / 0.14	0.088	54.55% (+0.05)	―	―
Jan 14, 2025	2024 (Q4)	- / 0.17	0.156	9.62% (+0.02)	―	―
Jun 05, 2024	2024 (Q2)	- / 0.09	0.087	1.15% (<+0.01)	―	―
Jan 15, 2024	2023 (Q4)	- / 0.16	0.153	1.96% (<+0.01)	―	―
Jun 07, 2023	2023 (Q2)	- / 0.09	0.056	55.36% (+0.03)	―	―
Jan 17, 2023	2022 (Q4)	- / 0.15	0.015	920.00% (+0.14)	―	―
Jun 08, 2022	2022 (Q2)	- / 0.06	-0.003	1966.67% (+0.06)	―	―
Jan 18, 2022	2021 (Q4)	- / 0.01	0.099	-84.85% (-0.08)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:RFX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 14, 2026	420.00p	415.00p	-1.19%
Jun 04, 2025	325.48p	340.27p	+4.54%
Jan 14, 2025	224.59p	223.64p	-0.42%
Jun 05, 2024	185.76p	185.76p	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ramsdens Holdings PLC (GB:RFX) report earnings?

Ramsdens Holdings PLC (GB:RFX) is schdueled to report earning on Jun 10, 2026, TBA (Confirmed).

What is Ramsdens Holdings PLC (GB:RFX) earnings time?

Ramsdens Holdings PLC (GB:RFX) earnings time is at Jun 10, 2026, TBA (Confirmed).

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What is the P/E ratio of Ramsdens Holdings PLC stock?

The P/E ratio of Ramsdens Holdings is N/A.

What is GB:RFX EPS forecast?

Currently, no data Available