Ramsdens (RFX) Trading update summary

Trading performance

• Achieved record profit before tax of at least £11m for FY24, up from £10.1m in FY23.

• Positive trading momentum continued in the second half of the year.

• All key income streams experienced growth during the period.

• Strong performance attributed to a diversified business model.

Outlook and strategy

• Optimism expressed for further progress and growth in FY25.

• Diversified business model underpins long-term growth strategy.

• FY24 results will be announced on 14 January 2025.

Business overview

• Operates in foreign currency exchange, pawnbroking loans, precious metals trading, and jewellery retail.

• Runs 169 UK stores and maintains a growing online presence.

• Fully FCA authorised for pawnbroking and credit broking.