Ramsdens (RFX) investor relations material

Profit guidance and trading outlook

• FY26 profit before tax forecast upgraded to £32m–£35m, reflecting continued strong trading and resilience across business segments.

• Previous guidance was £30m–£33m, with the new range reflecting improved performance since the last update.

• Profit forecast is based on current internal unaudited forecasts and consistent accounting policies.

• Assumes no material changes in strategy, operations, or store opening programme, and no significant adverse events.

• Assumptions also include stable gold prices, macroeconomic conditions, and regulatory environment.

Segment performance and operational highlights

• Precious metals segment expected to outperform previous expectations despite recent gold price volatility.

• Pawnbroking loan book grew by £1m in six weeks, reaching £15.5m, with interest income set to exceed prior forecasts.

• Jewellery retail remains resilient and in line with expectations despite economic challenges.

• Foreign currency volumes boosted by World Cup participation; Mastercard® Multi Currency Card loads up 40% year-on-year.

• New store openings progressing, with recent launches and further locations in development.

Acquisition and governance context

• Board confirms profit forecast remains valid and properly compiled under Takeover Code requirements.

• Acquisition by Bidco (subsidiary of FirstCash Holdings) proceeding via court-sanctioned scheme.

• Profit forecast has received regulatory dispensation from additional reporting requirements.