Currys plc (LSE:CURY) has reported impressive financial growth for the fiscal year ending May 3, 2025, with group adjusted profit before tax rising by 37% to £162 million and group free cash flow surging 82% to £149 million. The company ended the year with a net cash balance of £184 million, its strongest financial position in over ten years. Revenue in the UK and Ireland increased by 6%, driven by market share gains and key strategic initiatives, while profitability in the Nordics improved despite tough market conditions.
Currys remains focused on expanding its high-margin, recurring revenue services and targets growing its iD Mobile subscriber base to at least 2.5 million by the end of the year. The company is optimistic about its growth trajectory and plans to reinstate dividend payments, underscoring its commitment to providing steady and growing returns to shareholders.
About Currys plc
Currys plc is a leading technology retailer offering a broad portfolio of consumer electronics, home appliances, and tech services. Operating primarily across the UK, Ireland, and the Nordics under the Currys and Elkjøp brands, the company emphasizes enhancing customer experience through value-added services such as credit, installation, repairs, and connectivity. Known for integrating AI-driven technology solutions, Currys is positioned to capitalize on evolving consumer demands in its markets.
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