The expanding childcare operator runs 25 creches across the Dublin area, along with creches in Co Kildare and Co Meath.
New accounts lodged by Giraffe Childcare Ltd show revenues last year increased by 16pc from €30.06m to €34.8m.
The directors say: “Our business continues to recover well post-Covid, and demand for childcare is strong.”
They say that the company is committed to “continued investment to ensure the highest quality childcare service”.
Its website says that Giraffe Lansdowne-Ballsbridge is due to open soon.
The company last year paid dividends of €1.7m after paying dividends of €1.96m in 2023.
On the risks and uncertainties facing the business, the directors say that as a large childcare provider, “the health and safety of the children in our care and that of our teams remains a top priority”.
“We have specific risk and oversight functions that support our business in managing risk, including health and safety, finance and compliance functions,” they say.
“New risks have emerged concerning increased costs and the availability of suitably qualified staff needed to deliver our services,” they add.
“We have implemented targeted strategies within our business to address these areas.”
Numbers employed by the business last year increased by 37 from 485 to 522 as staff costs rose from €17.85m to €20.12m.
Aggregate pay to directors totalled €284,682.
Under the heading of contingent liabilities, a note says that there are a small number of legal proceedings instituted against the company.
“The outcome of this litigation is uncertain at this time,” the note says.
“The directors believe that the final liability, if any, will not be material in the context of the company’s financial position.”
Last year, the company recorded post-tax profits of €3.83m after the firm incurred a corporation tax charge of €573,337.
Its revenues were made up of €26.6m in childcare revenues and €8.17m in government funding, which was up sharply on the €5.97m in government funding in 2023.
The profit takes account of lease costs of €1.92m and non-cash depreciation costs of €1.32m.
The firm had shareholder funds of €25m that included accumulated profits of €23.69m.
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