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Currys

CURY · Main Market · Retail · mcap £1,543m · 144.6p 2 open situations →

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Open · 2

Capital return◷ in 54 days

£50m share buyback

£23m of £50m completed

The new £50m buyback began on 2 July 2026, after the prior £50m programme was completed in FY26, and is part of c.£85m planned cash returns for 2026/27. By 29 August £23m was done, and year-end net cash is expected well above the £100m target.

New buyback
£50m, commencing 2 July 2026
Returns FY26
£74m shareholder returns in the year
Planned returns
c.£85m total cash returns in 2026/27
Dividend
Final 2.25p; full year 3.0p, +100%; cover 4.5x
Net cash floor
At least £100m year-end net cash maintained
Buyback size
£50m, commenced 2 July 2026

Next: complete the £50m buyback; further returns at interim results · 17 Dec 2026

  1. 10 Sep 2026 £23m of £50m completed
  2. 2 Jul 2026 Prior buyback done; new £50m starts
  3. 19 May 2026 £74m returned to shareholders in the year; buyback completion not confirmed
  4. 21 Jan 2026 £30m of £50m done; £20m remaining
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FY guidance and net cash

Guidance unchanged; consensus £199m

FY26 adjusted PBT of £191m beat the raised £180-190m guidance, and for 2026/27 the Group said it was comfortable with consensus. The 17-week update leaves guidance unchanged, with consensus at £199m (company-compiled), and net cash expected well above £100m. The next profit update follows Peak.

FY adjusted PBT
£191m, +18% YoY, above the £180-190m guidance
Net cash
Year end expected well above £100m target
FY26/27 outlook
Comfortable with market consensus; trading very solid
Next milestone
Profit update after Peak; interims on 17 December 2026
Guidance
All guidance unchanged; comfortable with market consensus
Consensus
Group adjusted PBT £199m (company-compiled, 9 September 2026)

Next: profit update after Peak trading period

  1. 10 Sep 2026 Guidance unchanged; consensus £199m
  2. 2 Jul 2026 Results confirmed £191m; comfortable with consensus
  3. 3 Jun 2026 Figures reconfirmed; results due 2 July
  4. 19 May 2026 Profit ahead of guidance at around £191m; net cash above £170m
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Closed · 3

Insider conviction1 director buying £59k in 1 buy · 30 Mar 2026 – 28 Jun 2026 +22% New CEO / resetCEO succession Successor named: Fredrik Tønnesen, internal · 26 Mar 2026 – 3 Jun 2026 Insider conviction1 director buying £31k in 1 buy · 29 Jan 2025 – 29 Apr 2025 +25%

Company filings. Not investment advice.

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