H&T (HAT) 2024 Financial Results Reveal Positive Trends

H&T presented their 2024 financial results, aligning with market expectations and showcasing a 10% growth in profit before tax (PBT). The company's pledge book capital value rose by 26%, retail sales increased by 27%, and foreign exchange profits grew by 11%. The future outlook remains optimistic, supported by strong demand in the pawnbroking sector, where H&T is gaining market share and exploring acquisition opportunities.

Additional growth drivers include favorable consumer trends toward their diverse retail offerings, an expanding range of currencies aiding forex growth, a consistently high gold price, and an increase in store numbers bolstering all product lines. These factors, combined with economies of scale, position the company to effectively manage costs beyond their direct control.