- Pawnbroker Ramsdens has significantly upgraded its annual profit forecast, now expecting at least £24 million, potentially up to £28 million, for the year to September.
- The boost is attributed to record levels of pawnbroking lending, with its loan book increasing by 18 per cent since the financial year ended in September.
- High gold prices are a key driver, stimulating customer demand for loans against jewellery and enhancing profits from the purchase of precious metals.
- Ramsdens also reported strong performance in its retail division, with revenues from its jewellery shops rising by approximately a quarter year-on-year.
- Analysts noted this marks the second profit forecast increase for 2026, highlighting the company's strong underlying progress alongside the favourable gold market.
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