Currys (CURY) Q4 2026 TU earnings summary

Executive summary

• Group like-for-like sales grew 4% for both the 16-week post-peak period and the full year, reflecting robust trading and market share gains.

• Full year adjusted profit before tax expected to be around £191m, up 18% year-over-year and ahead of previous guidance.

• Free cash flow increased, with £74m returned to shareholders and year-end net cash exceeding £170m.

• Appointment process for a new Group Chief Executive is progressing.

Financial highlights

• Adjusted PBT expected at £191m, an 18% increase year-over-year (previous guidance: £180-190m).

• Net cash position at year-end above £170m.

• £74m of cash returned to shareholders during the year.

• Gross margin remained broadly stable despite cost headwinds.

Outlook and guidance

• Strong balance sheet and hedged energy costs position the group to navigate market volatility and pursue growth opportunities.

• No impact from Middle East conflict observed in recent trading.