By Samuel Norman
Electricals retailer Currys recorded a jump in cash flow as the firm out-performed competitors with growth across in-store and online sales.
Currys posted profit before tax for the year ending May 3 2025 of 拢162m, falling in line with expectations of a 37 per cent increase pencilled in earlier this year.
Net cash 鈥 the difference between a firm鈥檚 total inflows and outflows 鈥 hit its highest in a decade at 拢184m.
Currys鈥 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 鈥渞esilient鈥 consumer environment with 鈥渟oftening cost inflation and interest rates starting to fall鈥 in the UK. In the Nordics, while business was 鈥渟ubdued,鈥 the firm said it 鈥渋mproved throughout the year鈥.
Revenue was up six per cent in the UK and Ireland to 拢5.3bn, whereas broadly flat at 拢3.4bn in the Nordics.
The retailer enjoyed growth across all divisions with services revenue and credit sales up 12 and 14 per cent respectively.
Meanwhile, subscribers to iD Mobile, Currys鈥 mobile virtual network operator, soared 26 per cent to over two million.
Currys move into b2b
Currys has also began to establish a B2B team as it looks to cater to small-to-medium sized businesses. It added its 鈥渟uppliers, products, services, channels, supply chain and services operations鈥 would make it a crucial fit to catering to these firms.
The group has 715 stores across six countries, with 296 in the UK and Ireland. This was a minor dip from the year prior, with the shuttering of two stores.
A final payout of 1.5p per share was proposed as Currys resumed its dividend. This marks a return to its progressive dividend policy, aiming to deliver consistent and growing returns to shareholders. The dividend represents around two-thirds of a full-year payout.
Currys鈥 update follows a strong performance in the previous financial year where the firm reported pre-tax profit of 拢28m, up from a pre-tax loss of 拢462m the year before.
The London-listed business was Panmure Liberum鈥檚 most-preferred stock of 2025, 鈥渟tands out in a consumer landscape constrained by low growth鈥 the broker said
Alex Baldock, group chief executive, said: 鈥淲e鈥檙e uniquely placed not just to sell customers amazing technology, but to help them enjoy it to the full.
鈥淐ustomers are increasingly adopting our credit, setup, installation, repair and connectivity services, building valuable recurring revenues for Currys. We鈥檙e now seen as the home of AI-enabled tech and our investments in new product categories and serving B2B customers are showing early signs of success.鈥