Cairn Homes
Irish construction company
From Wikipedia, the free encyclopedia
Cairn Homes is an Irish house-builder and developer focusing on the Greater Dublin Area and other major urban areas of Ireland. The company is listed on Euronext Dublin and is a constituent member of the ISEQ 20 with a market capitalisation of €1.302 as of 3 July 2025.[2][3][4] The company also has a secondary listing on the London stock exchange.[5]
| Company type | Public limited company |
|---|---|
| |
| Industry | Construction and Real Estate Development |
| Founded | 12 November 2014 (IPO 10 June 2015) |
| Headquarters | Dublin, Ireland |
Key people | Michael Stanley, CEO[1] Alan McIntosh, Founder |
| Products | Residential houses and apartments |
| Revenue | €860.0 million (2024) |
| Website | www |
In June 2024, the company launched its first development outside of the Dublin area in Douglas, Cork.[6]
The company completed the sale of 2,241 residential units in 2024, commenced over 4,100 units, had 10 new site commencements, and had 21 active sites at the end of 2024.[7]
History
The company has marginally increased its financial and operational performance each year since it was founded with the exception of 2020 due to the effects of COVID-19 lockdowns.
Financial performance
| Year | 2016[8] | 2017[9] | 2018[10] | 2019[11] | 2020[12] | 2021[13] | 2022[14] | 2023[15] | 2024[7][16] | 2025[17] |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | € | € | € | € | € | € | € | € | € | € |
| Revenue in millions |
 40.9 |
149.5 |
337.0 |
453.3 |
 262.0 |
424.0 |
617.4 |
665.0 |
860.0 |
944.6 |
| Gross Profit in millions |
7.1 |
27.1 |
69.1 |
85.3 |
42.7 |
83.9 |
134.2 |
146.97 |
187.0 |
|
| Operating Profit in millions |
2.3 |
14.5 |
53.2 |
68.0 |
24.4 |
58.4 |
103.0 |
113.4 |
150.0 |
|
| Unit Sales Completed | 105 |
418 |
804 |
1,080 |
743 |
1,120 |
1,526 |
1,741 |
2,243 |
2,365 |
2024 Results
In 2024, the Company had a return on equity of 15.1% and an €8.2 cent dividend per share.[7] Operating profit increased by 32% as compared to 2023.[16] Revenue increased by 29% compared to 2023.[7] Earnings per share for 2024 was €17.9 cents.[7] The Company generated €134.7 million in operating cash flow.[7]
