Currys plc has reported strong sales performance in its latest trading update for the 53 week year ending 3 May 2025, expecting profit-before-tax to be around £162m, up 37 per cent year-on-year.
According to a press release, like-for-like sales growth accelerated to +4 per cent in the 17-week period since Peak, and reported significant growth in free cash flow year-on-year, benefitting from lower interest costs and tight working capital management.
The Group finished the year with net cash of more than £180m, and says “robust performance underpins Board’s intention to resume cash dividends.
Alex Baldock, Group chief executive, commented: “We finished another year of strengthening performance on a high note with encouraging momentum and accelerating sales growth in both the UK&I and the Nordics. In both, we’ve grown profits by delivering sales growth, market share gains and gross margin increases. In the Nordics, we’ve also shown especially strong cost discipline in a still-challenging market.
“Cashflow was very healthy. This further strengthening of our balance sheet ensures our resilience and allows the resumption of dividends.
“As ever, my thanks must go to the thousands of capable and committed colleagues who are building an ever-stronger Currys and helping everyone enjoy amazing technology.”
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