Ramsdens has stated that its full-year profit before tax is expected to reach £13m, which is £1m ahead of previous guidance.

The retailer said in its half-year results that it continues to "benefit from its diversified model of financial and retail services, delivering growth across core income streams".

Ramsdens stated that the purchase of precious metals segment had continued to "perform very strongly", with gross profit increasing by 50% year-on-year in the first half of the 2025 financial year, having been "driven by the continued high gold price".

Furthermore, its pawnbroking gross profit increased by 10% year-on-year, while its jewellery retail gross profit jumped by 15%, ahead of expectations.

Currently, Ramsdens has an estate of 169 stores, including one franchised store.

In the six months to 31 March 2025, it opened two new stores in Grantham and Burton, while it has also closed its kiosk at Teesside Airport and merged two of its central Glasgow stores.

Following the update, Ramsdens saw its share price increase by over 12% in early trading.

Chief executive officer at Ramsdens, Peter Kenyon, said: "We are pleased to have delivered a strong performance during the first half of the year, underpinned by our diversified model as well as benefitting from investments made across our four operating segments, including the launch of new dedicated customer websites and services.

"This positive trading momentum, together with the continued benefit to the group presented by the sustained high gold price, has led the board to increase profit expectations for FY25.

"We look forward to building on this positive performance throughout the second half of the financial year."

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