Particle.news

Download on the App Store

Ramsdens profit jumps 54% on record gold prices

A 53% gain in metals gross profit has prompted Ramsdens to open three new outlets in the second half with full-year profits expected to exceed £15m

Image

Overview

  • Pre-tax profit rose 54% to £6.1m in the first half of 2025, up from £4m a year earlier
  • Record gold prices, peaking at $3,500 per ounce in April, underpinned a 53% surge in metals gross profit to £7.6m
  • Retail jewellery revenue climbed 18% to £20.7m, helping lift total income to £51.6m for the six months to March
  • The board approved a 25% increase in the interim dividend to 4.5p per share alongside a special 0.5p payout
  • Ramsdens will open three new stores in the second half and aims for six to eight openings annually from 2026 as it targets full-year profits north of £15m