Group revenue at Currys in the year ending May 2, 2026, was £9.3bn, up 6% year-on-year or 4% up on a like-for-like basis
This translated to group adjusted profits before tax of £191m, an 18% increase on the year before, with the company announcing a £50m share buyback alongside the results.
Revenue in the UK and Ireland was up 3% on a like-for-like basis despite what the retailer said was a shrinking market.
Baldock, who will be succeeded as chief executive by the company’s Nordics boss Fredrik Tønnesen at the start of next month, has repeatedly said that consumer AI tech is a significant opportunity for the brand.
The company said it holds around three quarters of the UK market for AI-enabled laptops and Copilot+ PCs account for nearly a quarter of its laptop sales.
Currys also reported growth in other parts of its revenue mix, with recurring services revenue up 7%, credit sales up 10% and subscribers to its ID Mobile service up 18% in the last year to reach 2.6m.
Baldock said: “The outside world remains uncertain, and we are not counting on it to do us any favours. Still, there is much more in the tank here. Growth opportunities such as B2B have almost trebled the market accessible to us, are driving the topline today, and have much further to go. And, though we’ve significantly increased the adoption of the solutions that delight customers and boost margins, the prize here remains larger still.
“In Fredrik, the business has an outstanding leader to continue and accelerate this progress. I’ll be a loyal Currys customer, advocate and shareholder all my life, and will be cheering on Fredrik and his world-class team. As ever, my heartfelt thanks and admiration go to the thousands of capable and committed colleagues who are building this ever-stronger Currys.”
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