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Cairn Homes PLC on Tuesday hailed ‘significant sales momentum’, backed its annual guidance, and said it will hike its interim dividend. Shares in the company were up 2.8% to 224.50 pence each in London on Tuesday morning. The Dublin-based housebuilder said revenue in the half-year ended June 30 rose 58% to around €450 million from €284.5 million a year prior. It delivered around 1,130 residential units, rising from 708 a year prior. ‘We delivered a very strong first half, increasing output by 60% to over 1,100 new homes. Our continued investment has enabled multiple new project commencements across the Greater Dublin Area, Cork and Galway, and we are building high-quality, energy-efficient new homes across 26 developments,’ Chief Executive Officer Michael Stanley said. The firm’s order book stands at around 4,800 homes, worth €1.8 billion. ‘Across 2026 and 2027, Cairn will deliver 6,000 new homes and continue to play a leading role in addressing Ireland’s housing deficit,’ Stanley said. He added: ‘Turning to the broader market, targeted government interventions are beginning to deliver tangible results. Greater policy certainty, stronger public-private collaboration and committed funding are supporting increased housing delivery, particularly in apartments.’ The Croi Conaithe scheme, which aims to build more homes in Irish cities and towns, is ‘helping to activate much-needed apartment developments’, Stanley said. ‘Further increases in delivery can be supported by the provision of key infrastructure to unlock land for development. The government has acknowledged that challenge and responded to this with the recent approval of over €800 million in funding to local authorities under the new housing infrastructure investment fund.’ Cairn Homes guided 2026 revenue between €1.05 billion and €1.08 billion, with operating profit in the range of €180 million and €185 million. In 2025, it achieved revenue of €944.6 million and operating profit of €168.6 million. The company said it expects to lift its interim dividend by around 10% to 4,5 cents per share from 4.1 cents. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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