Currys has posted a 37% surge in pre-tax profit to £162m in its latest annual results.

The electrical goods retailer also saw its revenue climb 3% to total £8.7bn, driven by like-for-like (LFL) growth of 2%.

Currys was reporting its audited results for the year to 3 May and also announced that it had a group free cash flow of £149m, a figure up by 82% year-on-year.

The company did acknowledge it was facing “several headwinds” in the upcoming financial year, including cost increases driven by the Government’s last Budget, and general cost inflation. To counteract these, Currys said it was pursuing cost saving measures and is “well placed” to take advantage of growth opportunities.

In its outlook for the 2026 financial year, Currys revealed that its trading in the early part of the new financial year has been “in line with expectations”.

“Currys’ performance continues to strengthen and the business has real momentum,” group chief executive, Alex Baldock, said. “A stronger Currys is good for colleagues, customers, shareholders and society, and we’re doing a better job for all of them.”

Baldock added: “I'm pleased that thanks to all this hard work we can resume the dividend. We aim to return more of our growing free cash flow to shareholders.

“As ever, my heartfelt thanks go to the thousands of capable and committed colleagues who are building an ever-stronger Currys. We're pleased with our progress, but even more excited about the opportunities ahead of us.”

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