Currys has enjoyed a 3% jump in like-for-like revenue at the beginning of its financial year after reporting that “robust sales” had been driven by market share gains.

The electricals retailer, posting a trading update for the 17 weeks to 30 August, has also announced plans for a new £50m share buyback scheme.

Currys said it had overseen strong sales in gaming, AI computing, large appliances, coffee machines and cooling products, offset by declines in TVs, tablets and air fryers, and revealed its expected cost increases were offset by “operating leverage from higher sales”.

The trading period, covering the first four months of Currys’ financial year, was “in line with expectations”, the retailer said, adding that it was “planning confidently” for the year ahead.

Currys, which is listed on the FTSE 250 index, saw its share price rise by over 16% during this morning’s trading.

“It’s been a good start to the year, with encouraging performance across the group,” Currys chief executive, Alex Baldock, said. “In the UK and Ireland, we’re pleased with the trajectory in our growth areas of new categories, B2B and the services that are so valuable to customers and to Currys.”

As a result of the group’s performance in 2025, Currys said a new £50m share buyback programme would commence “immediately”.

Alongside a previously announced cash dividend of £25m, the company’s cash returns to shareholders are forecast to total £75m this year.

“We’re working to deliver an ever-improving experience for colleagues, for customers and for shareholders, as reintroducing the dividend and now starting share buybacks shows,” Baldock added.

“We’re on a good track at Currys, with growing momentum. We’re determined to keep it up and believe we can.”

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