Currys has delivered a standout performance, raising its annual profit by 37% to £162 million for the year ending 3 May 2025—beating market expectations on the back of robust UK sales and a surge in demand for tech services and credit options.
💹 Key Financial Highlights:
– Group revenue climbed 3% year-on-year, reaching £8.7 billion.
– UK and Ireland like-for-like sales jumped 4%, reflecting solid consumer engagement.
– Recurring service revenue rose 12%, while credit sales soared 14% to hit £1.1 billion.
– Mobile subsidiary **iD Mobile** welcomed 450,000 new customers, lifting its subscriber base by 26% to 2.2 million.
– **Statutory pre-tax profit** saw a dramatic rise to £124 million, up from just £28 million a year earlier.
🚀 CEO Alex Baldock praised the company’s trajectory, stating: _“Currys’ performance continues to strengthen and the business has real momentum
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Currys Boosts Profit Forecast Amid Strong Sales Growth
Currys has raised its full-year profit expectations following a period of strong sales growth, fueling a surge in its share price.
Early trading saw shares jump more than 10 per cent after the company announced its updated forecast. Adjusted profit before tax is now projected to reach approximately £160m, surpassing the previously estimated range of £145m to £155m.
The retailer highlighted its in 2025, noting consistent like-for-like growth across the UK, Ireland, and the Nordics, further reinforcing its positive market momentum.
Currys recycling
Currys plc teamed up with Cancer Research UK (CRUK) to recycle unsellable tech donations from charity shops. Items will be collected at Currys’ depots, then refurbished, repaired, or responsibly recycled.Recycling over 50,000 tonnes of e-waste each year, Currys is the nation’s number one retail tech recycler and on an important mission to give technology a longer life. This has never been more important, as the UK lags behind other nations1 in-e-waste recycling
Currys Christmas trading
Currys delivered impressive results this Christmas, with profits on track to exceed market expectations. Key highlights below UK & Ireland Highlights: Peak like-for-like revenue rose by 2%, Order & collect sales increased by 13%, and online-in-store sales grew by 24%. “Sold with” adoption climbed to 41.1% (+7.8 percentage points), and credit adoption gre
Currys results
Currys has recently highlighted the significant impact of Labour’s tax policies on its financial performance. In its half-year results for the six months ending 26 October 2024, the company estimated that these tax changes could cost up to £32 million.
This figure includes a £9 million increase due to National Living Wage hikes, a £12 million rise in National Insurance contributions, £2 million from inflation-based business rate increases, and up to £9 million in costs passed on from suppliers.
To mitigate these pressures, Currys plans to implement cost-saving measures such as process improvements, automation, offshoring, outsourcing, and overhead efficiencies. However, some price increases are expected to be unavoidable.
Despite these challenges, Currys reported a strong financial performance for the period. Adjusted earnings before interest and tax rose by 52% to £41 million, and group free cash flow increased to £50 million, up by £46 million. Revenue grew by 2% on a like-for-like basis, and the company ended the period with a net cash balance of £107 million.
CEO Alex Baldock expressed optimism about the company’s progress, noting significant growth in profits and cash flow, and a robust balance sheet. He highlighted the company’s preparedness for the peak trading period, with strong stock levels and competitive deals. Baldock also pointed out the rising demand for AI laptops, where Currys holds over 75% market share in the UK.
Looking ahead, Baldock remains confident in Currys’ ability to continue its growth trajectory, despite the new challenges posed by government policies. He emphasized the company’s focus on maintaining high levels of colleague engagement, increasing customer satisfaction, and growing cash flow for shareholders. Baldock also expressed gratitude to the Currys team for their hard work and dedication in driving the company’s success.
Curry Repair ads
Currys plc repairs service is the focus of a new marketing campaign from the UK retailer.
Aiming to raise awareness of its tech repairs capability – which take place at its dedicated site in Newark in the east midlands – the new cross-category ad campaign highlights how consumers can get their items fixed by Currys no matter where they originally purchased these goods.
The Currys repairs ads feature influencer and former World’s Strongest Man champion, Eddie Hall, who comedically dramatises his tech troubles in a four-part content series. Across the series, Hall explores all the Currys repair service has to offe
Currys CEO: VAT should be scrapped on refurbished electricals
Currys boss Alex Baldock has called on the government to slash VAT on refurbished electrical products to keep them out of landfills.
Currys upgrade stores
Currys has unveiled a store upgrade programme for its largest sites across the UK as part of its commitment to “make the customer shopping experience easier”.
The electricals retailer will transform 50 of its larger stores, which will see the inclusion of new categories, seasonal showcases, and a focus on “reinvigorating megastore entrance space”.
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