Currys plc Delivers Robust Annual Results with 37% Profit Surge and Strong Cash Position

PUBLISHED: 21 May 2025 @ 18:16 | Comments (0) | More info about Fiona Craig

Currys plc (LSE:CURY) has announced a sharp increase in annual earnings, with adjusted profit before tax projected to reach approximately £162 million for the financial year ending 3 May 2025 — representing a 37% year-over-year rise. The retailer also reported a 4% increase in group like-for-like sales during the 17-week period following its peak trading season, underscoring strong post-holiday momentum.

The company finished the year with net cash exceeding £180 million, reflecting disciplined cost management and significant improvement in free cash flow. This financial strength has prompted the Board to signal a return to cash dividend payments, reinforcing confidence in the company’s operational and strategic direction.

In the UK and Ireland, Currys achieved both sales growth and margin expansion, which helped mitigate rising cost pressures. Meanwhile, the Nordic operations, trading under the Elkjøp brand, delivered solid performance despite adverse currency impacts. Lower-than-expected interest expenses and continued focus on operational efficiency contributed further to the improved financial outcome.

Currys’ outlook is underpinned by notable financial recovery, cost discipline, and attractive valuation metrics. While a lack of comprehensive technical indicators and ongoing revenue pressures present some risks, recent corporate developments and strong profitability trends offer a positive trajectory for investors.

About Currys plc

Currys plc is a leading omnichannel retailer of technology products and services, with operations spanning six countries and a network of 708 physical stores. The company holds a dominant market position in the UK and Ireland under the Currys brand and in the Nordics under Elkjøp. In addition to retail, Currys offers extensive after-sales support, including running Europe’s largest technology repair centre. The company is committed to responsible retailing, with ongoing initiatives focused on sustainability and environmental impact reduction.

Average Daily Trading Volume: 3,817,032 shares
Technical Sentiment Signal: Buy
Market Capitalization: £1.34 billion

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