Homebuilder Glenveagh Properties said it had completed and sold a total of 2,415 homes in 2024, an increase of 77% on the previous year's total of 1,363.
In a trading statement for the year, Glenveagh said its revenue rose by 43% to €869m from €608m, while its profit before tax jumped by 106% to €113m from €55m in 2023.
The builder said its group forward order book is worth €950m, an increase of 48% on 2023.
It added that planning permission has been granted for 2,487 units ensuring that all targeted output for 2025 is fully approved.
Glenveagh's chief executive Stephen Garvey said the company's strong 2024 performance, with a notable 77% increase in new homes delivered to customers, reflects the value of its long-term investments in supply chain integration and public-private collaborations.
"Proactive decision-making, efficient cost management, and our focus on larger own door housing sites have been key drivers and will underpin our continued success," the CEO said.
"Furthermore, the group's balance sheet strength and agile approach to capital allocation have meant we have been able to opportunistically invest in highly attractive Dublin-centric own-door sites that set the business up well for continued long-term success," he stated.
He also said that through Glenveagh's "carefully planned and structured" Partnerships platform it has started to demonstrate how the public-private model can maximise collective experience and resources to deliver the homes the country needs at scale, while providing value for taxpayers.
"More broadly, there remains a serious challenge to housing delivery without substantial additional capital (public and private), adequate zoned land, public sector resources and critical infrastructure to support new homes," Mr Garvey said.
"The evidence from 2024 indicates that delivering the targeted 300,000 homes by 2030 requires a renewed impetus at all levels of the public and private sectors, and we look forward to continuing our collaboration to achieve this critical goal," he added.
Shares in the company moved higher in Dublin trade today.
