US EditionCurrys Reveals Stronger Profits Amid Boost From ‘Resilient’ UK Shoppers
UNITED KINGDOM, JUL 3 – Currys' profit rise reflects a 26% increase in iD Mobile subscribers and 12% growth in services, boosting recurring revenues and enabling dividend resumption, analysts said.
- Currys reported a 37% rise in adjusted pre-tax profit to £162 million for the year ending May 3, 2025, with shares soaring over 8% on Thursday.
- This financial success follows a turnaround driven by strategic reshaping, expansion into B2B sales, and investments in new product categories amid challenging conditions in the Nordics.
- Currys achieved 3% group sales growth to £8.7 billion, with UK&I growing 6%, iD Mobile subscribers rising 26% past two million, and service revenues increasing 12%.
- Alex Baldock highlighted that Currys is gaining strong traction and building significant momentum, while analyst Chris Beauchamp described the company’s results as reliable and noted that the shares are attractively valued at seven times earnings.
- The company resumed dividends with a 1.5p final payout and holds a strong balance sheet with £184 million net cash, positioning it to manage rising costs and maintain growth prospects.
14 Articles
14 Articles
Currys PLC share price leaps as profits rocket
Shares in Currys PLC have jumped 7% in a few hours after the electronics retailer reported positive annual results. The listed firm’s share price is 126p at the time of writing (1.15pm) after climbing 34% this year and 70% over the last 12 months. The group’s adjusted profit before tax for the last financial year was £162m, up 37%, while sales grew 3% to £8.7bn. Group year-end net cash was £184m, up £88m YoY, resulting in its ‘strongest balance …
Currys continues to outperform, but must not get complacent, says GlobalData
Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of Currys’ figures for the year ending 3 May 2025; Oliver Maddison, retail analyst at GlobalData, a leading data and analytics company, offers her view: “Currys saw healthy group sales growth of 2.7% in its FY2024/25, while delivering on its uprated profit guidance of £162m, with it…
Currys shares rocket as retailer posts growth across divisions
Currys' like-for-like sales growth hit two per cent, mainly driven by the UK and Ireland which grew four per cent. The business cited a "resilient" consumer environment with "softening cost inflation and interest rates starting to fall" in the UK.
Currys FY profits soar 37% to £162m
Currys has welcomed strong profits and sales in its full-year results, with adjusted profit before tax soaring by 37% to £162m, as UK and Ireland sales boosted its results. In the year ended 3 May 2025, total group revenues were up by 3% to £8.7bn, alongside a like-for-like growth of 2%. This comes as full-year UK&I revenues rose by 6%, largely driven by market share gains and strategic initiatives, including recurring Services revenue (+12%), c…
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