Ramsdens Holdings (LSE:RFX) shares have surged 9.9% to 423p after the pawnbroker upgraded its FY26 profit-before-tax guidance in a trading update. The trading update lifted FY26 profit-before-tax expectations to at least £28.5m, potentially to £31.5m, ahead of prior market consensus of £24.1m.
The Board said this is a further upgrade to the Group's outlook since 18 March and that the revised range sits ahead of prior market consensus of £24.1m.
The Company highlighted that for several weeks in H1 FY26 the gold price was c.50% higher than a year ago and is currently c.40% ahead, with weight of gold purchased up c.50% year on year, jewellery retail revenue approximately 25% ahead with slightly improved gross margins, a pawnbroking loan book of c.£14.1m (up 24% on the September year end), currency volumes only marginally behind but commission c.9% lower due to online/card mix, and an expected ten to 12 new stores in FY26.
"We have had a strong start to the year given the economic backdrop with our pawnbroking, jewellery retail and foreign currency exchange services all performing well," said Peter Kenyon, Chief Executive.
Ramsdens will publish interim results for the six months ended 31 March on 3 June and host a live investor presentation on 4 June.
