Tesco's Irish operations recorded a profit after tax for the year to the end of February of €85.5m, down from €104.95m the previous year.
The supermarket chain paid a dividend of €119.7m for the period, according to newly filed accounts, up from €60m during the last accounting cycle.
It is the first time that Tesco has broken out its Irish profits from its overall group results and it is understood that it will continue to do this once a year into the future in an effort to increase transparency.
However, on a quarterly basis the global group as a whole will continue to report Irish sales and profits bundled into the UK and Ireland subsidiary.
Turnover over the year increased to €2.98 billion from €2.84 billion a year earlier, an increase of 4.8%.
"Performance in the current financial year reflected a return to normal from the operational and financial consequences of the Covid-19 pandemic during the previous two years," the company said.
It said total sales over the year grew 4.8%, or 3.3% on a like for like basis.
During the second half of the year sales grew by 6.6% as general market inflation increased.
"We delivered a particularly strong Christmas, despite trading over high levels of in-home consumption last year because of pandemic-related hospitality restrictions," the accounts stated.
The company said its general merchandise and clothing business performed particularly well with like for like growth of 5.4% over the period.
But it also said that operating profit declined by 14.3% in the year to €120m from €140m, driven by inflation led product price increases, higher energy costs and an increased property impairment charge.
"This resulted in an overall operating profit margin of 4% in the year compared to 4.9% in the previous year," the supermarket chain said.
Corporation tax for the year totalled €23.5m.
Tesco had 166 stores across the country over the 12 months as well as its online shopping business which it claimed covered 92% of the population.
It opened 13 new outlets during the period, including four new "Express" stores and nine new stores in Galway following the purchase of the Joyce Group in June of last year.
Refits and refurbishments took place in 33 stores around the country.
It employed 13,000 people and paid wages and salaries of €420m.
"Earlier this year (January 2023), we made the decision to begin publishing our statutory accounts for Tesco Ireland to address transparency in our business, and demonstrate the significant contribution that Tesco makes to the Irish economy," said Natasha Adams, Tesco Ireland's CEO.
"The strong performance of the Tesco Ireland business is a testament to the hard work of our 13,000 colleagues, as well as our long-standing commitment to serving customers in the extremely competitive Irish grocery industry landscape," Ms Adams said.
"We are publishing to demonstrate our commitment to the role we play in supporting the Irish economy, the Irish agri-food sector; our role in employment, directly and indirectly; and being a good neighbour in the communities we serve," she added.
