Currys plc (CURYY) Q2 2026 Earnings Call Transcript

Operator

Good morning, and welcome to Currys Interim Results. We’re joined today by Currys Group Chief Executive Officer, Alex Baldock; and Bruce Marsh, Group Chief Financial Officer.

Now I turn the call over to Alex. Please go ahead, sir.

Alex Baldock
Group Chief Executive & Executive Director

Thank you. Good morning, everybody. A few words from me before I hand over to Bruce to take you through the numbers, then I’ll be back with a short update on the strategic progress behind these numbers.

But of course, the full strategy update will come in January as usual. And they’re promising numbers, too. I mean we’re pleased with the strong results and a good trajectory. It’s healthy growth that we’re posting in sales, profit, free cash flow and shareholder returns and, of course, all resting on a net cash balance sheet. And this is driven by strong underlying performance in the U.K. and Ireland in the face of some quite strong headwinds.

We’re growing revenue and market share and growing in the areas we said we’d grow with good margin and cost discipline, all of that offsetting most but not all of some unhelpful government cost headwinds. In the Nordics, meanwhile, we’re pleased with the accelerating performance in a rapidly recovering market, showing big jumps in profit and cash flow and also showing good sales growth with discipline