Following today’s release of Currys’ figures for the 17 weeks ending 30 August 2025; Oliver Maddison, retail analyst at GlobalData, a leading data and analytics company, offers his view: “Currys has released a solid but unremarkable set of results for the 17 weeks to 30 August, exhibiting like-for-like (l-f-l) growth of 3% both for its UK and Ireland operations, and the group at large. Despite a certain amount of skittishness from investors over the additional costs of UK government policies in the run-up to the release, these results are more or less what was expected – a decent performance from Currys that is no longer flattered by weak comparatives from the year prior. Although investors will no doubt have been relieved, the c20% jump in Currys’ share price this morning was driven by the announcement of a £50m share buyback scheme to be paid alongside the previously announced £25m of cash dividends.
“The best-performing part of the business continues to be its service offering, with iD Mobile achieving 22% year-on-year subscriber growth, while credit adoption rose from 21.4% to 23.3%. Although Currys highlighted strong sales of AI computing across all its markets, the emphasis on recurring services and business-to-business (B2B) sales as its strengths indicate that the performance of the electricals retail side of its business is more average than outstanding.
“Because of this, Currys cannot afford to take its eye off the ball. With Amazon’s evergreen retail proposition, John Lewis & Partners’ newfound competitiveness thanks to the reintroduction of Never Knowingly Undersold, and AO’s expanded range and plans to introduce its own mobile network, Currys will face strong competition on all fronts. Currys’ best card to play continues to be its status as the UK’s only major omnichannel general electricals specialist (the next largest being Euronics, which places ninth in terms of UK electricals retail sales according to GlobalData). This allows it to emphasise its range advantage over John Lewis, the expertise of its staff over Amazon, and the benefits of having a nearby store over AO.”
