Cairn Homes PLC

CRN

Equity

ISIN IE00BWY4ZF18 / Valor 28458530

LSE London Stock Exchange, SETS (2025-11-18)

GBP 1.68+0.11%

Cairn Homes PLC
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About company

Cairn Homes PLC is a prominent home and community builder in Ireland, recognized as the largest self-build apartment developer and homebuilder in the country. The company operates a comprehensive end-to-end platform that enables it to efficiently deliver a diverse range of new homes tailored to current and future market demands. Cairn Homes focuses on developing residential properties in desirable locations, leveraging its substantial resources and capabilities to meet the housing needs of various communities across Ireland.

Summarized from source with an LLMView SourceSector: Industrials

Revenue and Operating Profit

In H1 2025, Cairn Homes PLC achieved a revenue of approximately €945 million for FY25, with €600 million invested in landbank and €435 million in net ASP. The operating profit stood between €160 million and €165 million, reflecting the company's ability to generate significant earnings.

Order Book and Sales Performance

The company boasts a forward order book of €1.54 billion, encompassing 4,092 new homes across all units. Closed sales reached 708 units in H1 2025, with expectations of continued strong sales momentum in H2 2025 and beyond, supported by a robust pipeline of new projects.

Gross Margin and Financial Health

Cairn Homes maintained a healthy gross margin of 22.2% in H1 2025, slightly up by 20 basis points compared to H1 2024. The company reported an EBIT of €42.7 million, despite a 31% decrease from the previous year, indicating effective management of operational costs.

Balance Sheet and Cash Flow

The balance sheet remains strong with net assets increasing to €763.6 million as of June 30, 2025. Net debt rose to €307.4 million, but the company has ample liquidity with €151.2 million available. Operational cash flow was utilized for strategic investments, underpinning Cairn Homes' commitment to long-term growth.

Future Guidance

Cairn Homes has upgraded its FY25 guidance, projecting revenue between €945 million and €1.02 billion, and operating profit between €175 million and €180 million. For FY26, revenue is expected to reach between €1.02 billion and €1.05 billion, with operating profit projected between €175 million and €180 million, reflecting continued confidence in the company's growth trajectory.

Summarized from source with an LLMView Source

Key figures

-4.56%1Y

105%3Y

72.1%5Y

Performance

28.1%1Y

27.7%3Y

29.6%5Y

Volatility