Currys PLC (LSE:CURY) plugged its dividend back in for shareholders after sales, profits and cashflow for the past year all met expectations.
The electrical products retailer reported a 37% rise in adjusted profit before tax to £162 million for the year to 3 May 2025, as performance strengthened across its UK & Ireland and Nordic operations.
Profit was bang in line with indications given by the FTSE 250-listed group in a May update, as like-for-like sales grew 2%.
Group free cash flow rose 82% to £149 million, while the company ended the year with £184 million in net cash, the strongest balance sheet in over a decade.
CEO Alex Baldock said: "Currys' performance continues to strengthen and the business has real momentum […] 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.”
A final dividend of 1.5p was proposed, two years after payments were stopped by the company due to a big swung to losses at the time.
Baldock said early trading in the new financial year is in line with expectations, with the board "comfortable" with market expectations, where the consensus forecast is for group adjusted PBT of £167 million.