Cairn Homes Plc Reports Interim Results for First Half of 2025

On September 3, 2025, Cairn Homes Plc announced financial results for the first half of the year, highlighting a €625 million increase in its order book, driven largely by First Time Buyers (FTBs). The company reported revenues of €284.5 million, a decline from €366.1 million in the same period of 2024. The gross profit stood at €63.1 million, reflecting a slight increase in gross margin to 22.2% from 22.0% the previous year.

Operational cash flow was negative, with a net usage of €118.6 million, contributing to net debt rising to €307.4 million. Cairn succeeded in a refinancing effort, expanding its debt facilities to a total of €500 million. Moreover, the company has increased its work-in-progress investment, indicating enhanced operational capacity with over 4,000 commencements in 2024.

Cairn is optimistic about the future, projecting operational and revenue growth, buoyed by supportive government policies and a robust housing market. The company anticipates a significant increase in revenues and operating profit in 2025 and 2026.