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Cairn Homes PLC on Wednesday said it expects revenue, operating profit and return on equity to come in higher this year than in 2024, amid ‘exceptional’ demand in the year to date. The Dublin-based housebuilder said it generated revenue of €280 million in the first half of 2025 from around 700 units, down from a revenue of €366.1 million and 894 units a year prior. The company added that the performance was in line with expectation, as it highlighted that it reflected its historically second-half weighted trading. Cairn Homes for 2025 expects revenue growth over 10% compared to 2024’s €859.9 million, which had been up 29% from €666.8 million in 2023. The company highlighted ‘strong demand’ from its core first time buyer market. Further, it anticipates operating profit to climb 6.7% to €160 million in 2025, from €150.0 million in 2024, which was up 32% from €113.4 million in 2023. Return on equity is set to further improve to 15.5% in 2025 from 15.1% in 2024 and 11.3% in 2023. Chief Executive Officer Michael Stanley said: ‘We have witnessed exceptional demand in the year to date, including in our numerous private sales launches in this spring and early summer sales season. We were also encouraged to see such strong support for our first Croi Conaithe development in Cork, from first time buyers seeking affordable private ownership of apartments. With over 1,300 new homes sale agreed this year across our developments, the value of our closed and forward order book has risen to around €1.4 billion.’ He added that on Tuesday, the Irish government announced ‘significant’ amendments to apartment guidelines, which will reduce build costs. CEO Stanley added: ‘We plan to submit revised designs and prioritise projects for our Affordable Housing Body, AHB, customers. When amendments are approved by planning authorities, we will pass on the significant cost savings to our AHB customers, which should in turn reduce affordable rents for new cost rental apartments. These guideline changes will also lower selling prices for future Croi Conaithe developments and local authority affordable purchase schemes.’ The company will publish its half year results on September 3. Cairn Homes shares rose 0.9% to €2.15 each on Wednesday morning in Dublin, giving it a market capitalisation of €1.35 billion. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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