Ireland · Delayed Price · Currency is EUR Glenveagh Properties Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 saw strong operational momentum, with a record order book, upgraded EPS guidance, and a fully sold 2026 pipeline. Partnerships revenue surged, the land bank expanded, and capital returns accelerated, while vertical integration and policy support position the business for sustained growth.
Fiscal Year 2025
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Record revenue and completions were achieved, with strong margin expansion and significant capital returns. The business is well-positioned for future growth, supported by a robust land bank, scalable manufacturing, and a positive policy environment.
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Strong H1 2025 results driven by scale, innovation, and partnerships, with revenue up 124% year-over-year and gross margin expanding to 19.5%. Guidance for 2025 is reiterated, supported by a robust land bank, disciplined capital allocation, and expanded shareholder returns.
Fiscal Year 2024
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Record 2024 results with 2,415 homes delivered, €869M revenue, and 21.2% gross margin. Partnerships and innovation drove growth, with a strong land bank and positive outlook for 2025. EPS rose 112%, and €380M has been returned to shareholders since 2021.
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H1 2024 saw strong operational and financial progress, with revenue of €152 million and margin expansion driven by standardization and scale. Full-year guidance is reiterated, supported by a robust order book, strategic land investments, and a €50 million share buyback.
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Robust demand, especially in Dublin, has driven a 20% order book increase and strong price inflation. Strategic land and partnership deals, improved planning, and manufacturing efficiencies are set to support growth, higher margins, and long-term shareholder returns.