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    Home > Finance > Currys raises annual profit outlook for third time this year
    Finance

    Currys raises annual profit outlook for third time this year

    Published by Global Banking & Finance Review®

    Posted on May 21, 2025

    2 min read

    Last updated: January 23, 2026

    Currys raises annual profit outlook for third time this year - Finance news and analysis from Global Banking & Finance Review
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    Tags:retail tradecorporate profitsfinancial managementconsumer perceptionUK economy

    Quick Summary

    Currys has increased its annual profit forecast for the third time, now expecting £162M due to strong sales in the UK and Nordics. The company plans to resume dividends.

    Currys Increases Annual Profit Forecast for the Third Time This Year

    (Reuters) -British electricals retailer Currys raised its annual profit forecast for the third time this year, saying it now expects adjusted pretax profit to be around 162 million pounds ($217.7 million).

    In early April, the retailer raised its annual adjusted pretax profit forecast to around 160 million pounds for the 2024/25 year after robust trading since early January.

    It had raised its annual profit estimate in January too.

    The seller of consumer electricals such as computers, washing machines and TVs said like-for-like sales rose 4% since early January, driven by its UK and Ireland division and a sales recovery in the Nordics business .

    Rising sales and improving profit margins were more than offsetting cost increases, it said.

    "Cashflow was very healthy. This further strengthening of our balance sheet ensures our resilience and allows the resumption of dividends," CEO Alex Baldock said in a statement.

    In January, Currys said it would declare a dividend of around 1.3 pence a share alongside full-year results in July - its first since an interim payout in its 2022/23 year.

    ($1 = 0.7443 pounds)

    (Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)

    Key Takeaways

    • •Currys raised its annual profit forecast for the third time this year.
    • •The new adjusted pretax profit expectation is £162 million.
    • •Sales rose 4% since January, driven by UK and Ireland divisions.
    • •Improving profit margins offset rising costs.
    • •Currys plans to resume dividends with a 1.3 pence per share payout.

    Frequently Asked Questions about Currys raises annual profit outlook for third time this year

    1What is Currys' new annual profit forecast?

    Currys now expects its adjusted pretax profit to be around 162 million pounds for the 2024/25 year.

    2How has Currys' sales performed recently?

    Like-for-like sales rose 4% since early January, driven by strong performance in the UK and Ireland division.

    3What did Currys' CEO say about the company's financial health?

    CEO Alex Baldock stated that cash flow was very healthy, which strengthens their balance sheet and allows for the resumption of dividends.

    4When is Currys planning to declare dividends?

    Currys plans to declare a dividend of around 1.3 pence a share alongside its full-year results in July.

    5What factors are impacting Currys' profit margins?

    Rising sales and improving profit margins are more than offsetting cost increases, contributing positively to the company's financial outlook.

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