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Hozier's firm enjoys record profits as accumulated profits surge to €6.2m

New accounts filed by Hozier's Haskey Ltd show the company recorded post tax profits of €1.59m in 2024
New accounts filed by Hozier's Haskey Ltd show the company recorded post tax profits of €1.59m in 2024

2024 was "Too Sweet" for Hozier's bank balance as accumulated profits at the singer-songwriter's entertainment firm surged to €6.29m on the back of record yearly profits.

New accounts filed by Hozier’s Haskey Ltd show that the company recorded post tax profits of €1.59m in 2024.

The post tax profits of €1.59m for last year were three times the post tax profits of €467,946 for 2023.

At the end of December last, accumulated profits totalled €6.29m and the bumper profits came on the back of 2025 Electric Picnic headliner celebrating his first ever Ireland and UK Number one single with his global hit smash, "Too Sweet" in April 2024.

The achievement followed Hozier scoring his first ever number one album in the UK charts in August 2023 with his third studio album "Unreal Unearth" and "Too Sweet" has amassed 1.67 billion streams to date on Spotify.

Hozier - who turned 35 this year - added to the company's coffers in 2024 with a sold out show at Dublin's Marlay Park on July 5 and another sell out at the 45,000 capacity at Finsbury Park in London on July 7 - Hozier's biggest ever UK show at the time.

The busy touring schedule for 2024 followed Hozier selling out over a million tickets sold worldwide for his sold-out headline tour in 2023, which saw him play three shows at Dublin’s 3Arena in December 2023 and those three gigs alone generated €1.74m at the box office.

Hozier's global appeal will see him perform at the Rogers Stadium, Toronto, Canada next Wednesday and tour dates in the US and Mexico into October.

Directors’ pay at Haskey Ltd last year more than doubled from €99,704 to €204,118.

Pay was made up of emoluments of €104,118 and pension contributions of €100,000 that did not occur in 2023.

Cash funds at the company last year increased from €567,121 to €738,617 while value of its tangible assets increased from €1.94m to €5.03m.

The accounts show that the firm added freehold property to the value of €3.29m under the heading of tangible assets last year and disposed of freehold property valued at €277,247.

A note attached to the accounts states that the freehold property is not depreciated in value as it is not in use at the moment.

The firm also added to its financial assets by €217,778 resulting in a book value in financial assets to €2.47m at the end of last year.

Underlining the buoyant year enjoyed by the firm in 2024, the amount owed in corporation tax at the end of 2024 was €200,091 compared to €10,513 one year previous.

The amount owed by the firm to Hozier increased from €100,576 to €1.94m at the end of the year.

Reporting by Gordon Deegan