Currys doubles dividend and unveils new buyback as results hit the mark

Retail & Consumer Retail Written by: Oliver Haill 07:38 Thu 02 Jul 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup News Service, Gracenote... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Currys PLC ( LSE:CURY ) View Price & Profile Currys doubles dividend and unveils new buyback as results hit the mark Published: 07:38 02 Jul 2026 BST Currys PLC (LSE:CURY) doubled its dividend and unveiled a new £50 million share buyback as the electricals retailer posted profits in line with previous guidance and said trading at the start of its new financial year had been "very solid". Adjusted pre-tax profit for the year to 2 May jumped 18% to £191 million, on revenue up 6% to £9.25 billion. The UK and Ireland business grew sales 3% on a like-for-like basis, with adjusted earnings before interest and tax up 3% to £158 million. Nordics LFL sales rose 6% and adjusted EBIT 26% on a currency-neutral basis to £97 million. Group free cash flow rose 5% to £157 million and net cash balance ended the year at £176 million, despite returning £74 million to shareholders and making £82 million of pension contributions. As well as the new buyback, the board proposed a final dividend of 2.25p a share, taking the full-year payout to 3p, compared to 1.5% a year ago. Overseeing his last set of results before leaving next month , chief executive Alex Baldock said: "Our performance continues to strengthen. Profits and cash flow are healthily up, supported by a balance sheet that has never been stronger, even after growing shareholder returns." Currys said it was comfortable with current market expectations, where the mid-point is an adjusted pre-tax profit of £198 million, despite continued macroeconomic uncertainty. Baldock will hand over the reins to Nordics division boss Fredrik Tønnesen on 3 August. Continue reading