Overview
- The company now expects pre-tax profit of £24m–£28m for the year to September 2026, above the prior £21.1m consensus and last year’s £16m.
- Record-high gold prices, reported roughly 50% above last year, have boosted margins with the weight of gold purchased about 50% higher year on year.
- Jewellery retail revenue is approximately 25% ahead of last year, with plans to open up to 12 new stores in the current financial year.
- Pawnbroking lending hit record levels in February with momentum into March, lifting the loan book about 18% to roughly £13.5m–£14m.
- Foreign-currency commissions are about 5% lower due to a shift to online and prepaid card products, while the shares rose more than 10% to 404p on the update.