Finance
Currys raises annual profit outlook for third time this year
Published by Global Banking & Finance Review®
Posted on May 21, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 21, 2025
2 min readLast updated: January 23, 2026
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.
(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)
Currys now expects its adjusted pretax profit to be around 162 million pounds for the 2024/25 year.
Like-for-like sales rose 4% since early January, driven by strong performance in the UK and Ireland division.
CEO Alex Baldock stated that cash flow was very healthy, which strengthens their balance sheet and allows for the resumption of dividends.
Currys plans to declare a dividend of around 1.3 pence a share alongside its full-year results in July.
Rising sales and improving profit margins are more than offsetting cost increases, contributing positively to the company's financial outlook.
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