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Currys Reveals Stronger Profits Amid Boost From ‘Resilient’ UK Shoppers

  • Currys reported a 37% rise in adjusted pre-tax profit to £162 million for the year ending May 3, 2025, with shares soaring over 8% on Thursday.
  • This financial success follows a turnaround driven by strategic reshaping, expansion into B2B sales, and investments in new product categories amid challenging conditions in the Nordics.
  • Currys achieved 3% group sales growth to £8.7 billion, with UK&I growing 6%, iD Mobile subscribers rising 26% past two million, and service revenues increasing 12%.
  • Alex Baldock highlighted that Currys is gaining strong traction and building significant momentum, while analyst Chris Beauchamp described the company’s results as reliable and noted that the shares are attractively valued at seven times earnings.
  • The company resumed dividends with a 1.5p final payout and holds a strong balance sheet with £184 million net cash, positioning it to manage rising costs and maintain growth prospects.
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Glasgow TimesGlasgow Times
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Currys reveals stronger profits amid boost from ‘resilient’ UK shoppers

The technology retailer said slower inflation and falling interest rates helped support sales from shoppers in the UK.

·Glasgow, United Kingdom
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Retail Gazette broke the news in on Thursday, July 3, 2025.
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