Ramsdens revenues tops £100m for the first time

Ramsdens Holdings has reported a record set of annual results, with revenues exceeding £100m for the first time, as the group benefited from strong performances across its core income streams and a sustained high gold price.

The diversified financial services provider said revenue for the year to 30 September 2025 increased 22% to £116.8m, while its profit before tax was up 43% to £16.2m. 

The group’s gross profit also rose 18% to £60.7m. Growth was driven in particular by the purchase of precious metals, where gross profit rose 52% to £17.9m, supported by strong volumes and elevated gold prices.

Jewellery retail gross profit also rose 18% to £15.7m, with pre-owned jewellery performing strongly and revenues in that category up 35%. 

Pawnbroking gross profit increased 9% to £12.7m, with loan book growth weighted towards the second half of the year.

The group ended the year with 168 stores and one franchised location, having opened branches in Burton and Grantham, closed its Teesside airport kiosk and merged two Glasgow city centre stores.

Providing a trading update for the first quarter of FY26, Ramsdens said momentum had continued across much of the business. 

Gross profit from precious metals rose by more than 50% year on year, while pawnbroking lending reached record levels, taking the loan book to £12.8m at the end of December.

Jewellery retail revenue increased by more than 20% in the quarter, with particularly strong demand for gold coins in October. 

Since the year end, Ramsdens has opened a new store in Wakefield, with three further locations scheduled to open in January and February. It has also acquired Gemini, a small pawnbroking business based on the Isle of Sheppey.

Looking ahead, the group said it expects higher operating costs in FY26, driven mainly by employment costs, including a 6.7% increase in the Real Living Wage from April and the full-year impact of changes to employer national insurance. 

Despite this, Ramsdens said trading in the early part of the year had been positive and it now expects profit before tax in FY26 to exceed £18m.

Kenyon added that the group plans to open between eight and 12 new stores in the year ahead, while continuing to invest in its online offering.

Peter Kenyon, chief executive of Ramsdens, said: “Group revenue exceeded £100m for the first time, resulting in a pre-tax profit increase of 43% to £16.2m, marginally ahead of market expectations. As a consequence of this strong performance and the board’s confidence in the future, we are also delighted to recommend a 43% increase to the total dividend for FY25.”