The electricals chain Currys has reported an upward surge in cash flow, outstripping rivals with enhanced growth through both its physical stores and digital platforms.
Currys announced pre-tax profits for the year ending May 3 2025 of £162m, aligning with earlier forecasts predicting a 37 percent rise, as reported by .
The company's net cash flow reached a decade high at £184m.
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Shares in Currys soared by over eight percent as trading commenced on Thursday.
The retailer experienced a like-for-like sales increase of two percent, primarily driven by a four percent growth in the 海角视频 and Ireland. The firm attributed this to a "resilient" consumer market, where cost inflation is softening and interest rates are beginning to drop.
Although performance in the Nordics was "subdued," Currys noted an improvement throughout the year.
RBC Brewin Dolphin's wealth manager, Zoe Gillespie, commented: "Currys demonstrates what retail can be when you combine digital and bricks and mortar in the right way. The group's turnaround in recent years has been underpinned by delivering amazing customer experience, social media engagement, and being associated with the latest technologies."
Revenue climbed six percent in the 海角视频 and Ireland to reach £5.3bn, while it remained broadly stable at £3.4bn in the Nordics.
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Currys celebrated increases across all sectors, with service revenues and credit sales escalating by 12 and 14 percent respectively.
Subscribers to iD Mobile, Currys' own mobile virtual network operator, have surged by 26 per cent, topping the two million mark.
Currys move into b2b
Currys is making strides into the B2B sector, having set up a dedicated team to serve small-to-medium sized businesses. The company believes its "suppliers, products, services, channels, supply chain and services operations" are ideally suited to meet the needs of these enterprises.
The retail group operates 715 stores across six countries, including 296 in the 海角视频 and Ireland, which reflects a slight decrease from the previous year due to the closure of two stores.
Currys has announced a resumption of its dividend with a final payout of 1.5p per share, signalling a return to its progressive dividend policy that seeks to provide consistent and increasing returns to shareholders. This dividend accounts for roughly two-thirds of what would be expected for a full-year payout.
Following a robust performance in the last financial year, where Currys reported a pre-tax profit of £28m, a significant turnaround from a pre-tax loss of £462m the year before, the update is particularly positive.
The London-listed firm was named Panmure Liberum's top stock pick for 2025, with the broker highlighting it as a standout in a consumer market hampered by low growth.
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Alex Baldock, Group Chief Executive, commented: "We're uniquely placed not just to sell customers amazing technology, but to help them enjoy it to the full."
"Customers are increasingly adopting our credit, setup, installation, repair and connectivity services, building valuable recurring revenues for Currys. We're 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."