Cairn Homes


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. The company also has a secondary listing on the London stock exchange.
In June 2024, the company launched its first development outside of the Dublin area in Douglas, Cork.
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.
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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

Year201620172018201920202021202220232024
Currency€€€€€€€€€
Revenue
in millions		 40.9 149.5 337.0 453.3 262.0 424.0 617.4 665.0 860.0
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

2024 Results

In 2024, the Company had a return on equity of 15.1% and an 8.2 cent dividend per share. Operating profit increased by 32% as compared to 2023. Revenue increased by 29% compared to 2023. Earnings per share for 2024 was 17.9 cents. The Company generated €134.7 million in operating cash flow.