Performance continues to strengthen
Full year adjusted PBT expected to be £191m, 18% ahead of previous guidance; like-for-like sales +4%.
vs expectations: ahead
- Full year adjusted PBT £191m (prior £180-190m guidance)
- Full year adjusted PBT growth +18% YoY
- Group like-for-like sales growth +4%
- Cash returned to shareholders £74m
- Net cash >£170m
- iD Mobile subscribers 2.6m (prior +18% YoY)
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Performance continues to strengthen; profits to be ahead of guidance
Currys plc, a leading omnichannel retailer of technology products and services, today issues the following trading update for the year ending 2 May 2026.
| • | Group like-for-like sales growth strong at +4% for both the 16-week period since Peak 1 and the full year |
| • | Full year adjusted PBT expected to be around £191m, +18% YoY (previously guided to £180-190m) |
| • | £74m of cash returned to shareholders during the year |
| • | Finished the year with net cash of more than £170m |
| • | Process to appoint a new Group Chief Executive is progressing well |
| • | UK & Ireland adjusted EBIT expected to grow slightly YoY |
o Continued robust trading driven by m arket share gains and strong growth in Services, B2B and new categories
o Sales growth and stable gross margin more than offset cost headwinds
o iD Mobile subscribers +18% YoY to 2.6m
| • | Nordics adjusted EBIT showing strong growth YoY |
o Recent growth driven by market share gains and very strong performance in Kitchens and new categories such as computing components
o Gross margin broadly stable with costs tightly controlled
| Like-for-like Sales - YoY | H1 | Peak | Post-Peak | H2 | Full year |
|---|---|---|---|---|---|
| UK & Ireland | +4% | +3% | +4% | +3% | +3% |
| Nordics | +4% | +12% | +4% | +8% | +6% |
| Group | +4% | +6% | +4% | +5% | +4% |
Alex Baldock, Group Chief Executive
"We finished a good year well, with strong performance in the UK&I and the Nordics, a region that represents 40% of Group sales and that grew especially strongly.
"Profits grew +18% and free cash flow increased again, from a strategy that is delivering ever-stronger results for colleagues, customers, shareholders and society.
"Recent trading has been very solid; we've not yet seen an impact from the Middle East conflict, and our energy costs are well hedged for the coming year.
"This performance, combined with our strong balance sheet, means we are well positioned to navigate any market volatility ahead, tap into exciting growth opportunities and continue returning capital to shareholders.
"As always, my thanks go to the thousands of capable and committed colleagues who continue to build an ever- stronger Currys, and who help customers enjoy amazing technology every day."
- Peak defined as 10 weeks ended 10 January 2026 and post-peak defined as 16 weeks ended 2 May 2026.
- Company compiled consensus for 2025/26 is available on the corporate website: https://www.currysplc.com/investors/analyst-coverage-and-consensus/
Next scheduled announcement
The Group is scheduled to publish its full year results on 2 July 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.