Currys has upgraded its full-year profit guidance and said that its search for a new chief executive to replace outgoing Alex Baldock is “progressing well”.
In a trading update for the year ending May 2, 2026, Currys said it expected full-year adjusted profit before tax to be around £191m, an 18% year-on-year increase and ahead of previous guidance of between £180m and £190m.
Group like-for-like sales grew 4% for “both the 16-week period since peak and the full year”, Currys said.
The retailer also said it expected UK and Ireland adjusted EBIT to “grow slightly year on year” due to “continued robust trading driven by market share gains and strong growth in services, B2B and new categories”.
Adjusted EBIT in the Nordics also reported strong year-on-year growth, driven by “market share gains and very strong performance in kitchens and new categories such as computing components”.
The retailer finished the period with a net cash position of more than £170m.
Departing group chief executive Alex Baldock said: “We finished a good year well, with strong performance in the UK&I and the Nordics, a region that represents 40% of Group sales and that grew especially strongly.
“Profits grew +18% and free cash flow increased again, from a strategy that is delivering ever-stronger results for colleagues, customers, shareholders and society.
“Recent trading has been very solid; we’ve not yet seen an impact from the Middle East conflict, and our energy costs are well hedged for the coming year.
“This performance, combined with our strong balance sheet, means we are well-positioned to navigate any market volatility ahead, tap into exciting growth opportunities and continue returning capital to shareholders.
“As always, my thanks go to the thousands of capable and committed colleagues who continue to build an ever-stronger Currys, and who help customers enjoy amazing technology every day.”
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