Shares in Currys PLC have jumped in early trading after the electronics retailer announced positive results and the commencement of a £50m buyback programme.
Currys operates in the UK and Ireland as well as the Nordics under its Elkjøp brand, employing 24,000 people. It has 708 physical stores, an established online presence and operates a mobile virtual network, iD Mobile.
UK & Ireland revenue climbed 3% for the 17 weeks ended 30th August 2025, with strong sales in gaming, AI computing, large appliances, coffee machines and cooling products – offset by declines in TVs, tablets and air fryers.
Its recurring services revenue grew strongly, with iD Mobile reaching over 2.3m subscribers – up 22% year-on-year.
In the Nordics, revenue grew 2% YoY.
Alongside the previously announced cash dividend of £25m, cash returns to shareholders will total around £75m this year, the company said.
Currys’ share price has grown almost 50% in the last six months. It leapt sharply in early trading this morning (24% as of 8.25am).
In early July, the group reported £162m in adjusted profit before tax for the last financial year – up 37% – while sales grew 3% to £8.7bn.
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“It’s been a good start to the year, with encouraging performance across the group,” said Alex Baldock, group chief executive. “In the UK&I we’re pleased with the trajectory in our growth areas of new categories, B2B and the services that are so valuable to customers and to Currys.
“Credit was notably strong, and iD Mobile is on track to beat the 2.5m subscriber target we set for this year.
“Our Nordics recovery continues to pick up pace. We continue to grow, improve margins and control costs well. We’re confident that profit margins will step forward again this year.
“We’re working to deliver an ever-improving experience for colleagues, for customers and for shareholders, as reintroducing the dividend and now starting share buybacks shows.”