Full-year figures for 2025 released this morning by the listed company show that while delivery increased in 2025, the extra housing output remained relatively modest in the context of the Government’s ambitious target of an extra 300,000 units by 2030.
The company operates across both traditional homebuilding and a partnerships model that delivers homes for state-backed bodies.
Glenveagh reported revenues of €926m for the year, up from €869m previously, driven by continued growth across both divisions of the business, it said.
A significant part of that growth came from the company’s partnerships business which saw revenue increase sharply to €381m compared with €237m the previous year.
Profitability also improved slightly during the period. Glenveagh said its gross margin rose to 21.4pc, up from 21.2pc, while earnings per share increased to 20 cent, representing growth of around 18pc compared with the previous year.
The developer also reported a forward order book of approximately €1.3bn, up from €1.1bn.
During the year the company completed €55m in land disposals, more than double the €23m recorded previously. It said it continues to refine its land portfolio and focus on larger development sites capable of delivering higher housing volumes.
Glenveagh said it has now completed the current phase of its land-assembly strategy, securing a 19,000-unit landbank largely concentrated in the Greater Dublin Area, providing what the company described as delivery certainty in a market where development-ready land remains limited.
The developer expects housing output to rise further this year. It said total completions are expected to reach around 2,750 homes in 2026, including about 1,600 homes from its homebuilding unit, with activity expected to be weighted toward the second half of the year.
The company also said that earnings per share could reach 21 cent in 2026, supported by higher completions and ongoing cost controls across its operations.
The builder has lodged applications for around 5,000 units during the year.
Glenveagh said that homes scheduled for delivery in 2026 have already commenced construction and projects for 2027 are either planned or progressing through the planning process
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