REG-Cairn Homes Plc Cairn Homes Plc: 2026 AGM Trading Update

Cairn HomesAnnouncement

30/04/2026 07:02

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   Cairn Homes Plc (CRN)
   Cairn Homes Plc: 2026 AGM Trading Update

   30-Apr-2026 / 07:00 GMT/BST

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                            2026 AGM Trading Update

                            Buoyant Demand Continues

    

   Dublin / London, 30 April 2026: Cairn Homes plc (‘Cairn’, ‘the Company’ or
   ‘the Group’)  (Euronext Dublin:  C5H /  LSE: CRN)  is holding  our  Annual
   General Meeting (‘AGM’) today at 12.00 noon at The Merrion Hotel,  Merrion
   Street Upper, Dublin  2 and in  advance provides the  following update  on
   current trading for FY26.

    

   Current Trading

     • Our closed and forward order book now stands at c.3,850 new homes (net
       sales values of €1.5 billion), an  increase of c.400 new homes in  the
       eight weeks since we  reported our FY25 results  (4 March 2026:  3,452
       new homes, net sales value of €1.32 billion). We expect this growth to
       continue, with further  spring launches  planned in  the coming  weeks
       (primarily targeted at our  First Time Buyer  customers) and a  strong
       pipeline of apartments  on large  mixed tenure schemes  for our  state
       partners and private buyers supported  by the impactful Croí  Cónaithe
       (Cities) Scheme.
     • This continued momentum,  supported by  our prior  year investment  in
       operational scaling will deliver a strong H1 outturn, underpinning our
       full year growth.
     • Whilst not  weakening  customer sentiment,  the  ongoing  geopolitical
       volatility has impacted Build Cost Inflation year to date (now running
       at c.2.5%). We will  remain alert to the  conflict in the Middle  East
       and any further  inflationary pressures  that may result  as the  year
       progresses, however, as things stand today  we do not expect there  to
       be a material impact on our full year outlook.
     • Against a backdrop of increasing  global energy costs, our  commitment
       to delivering  sustainable  homes  with lower  lifetime  energy  usage
       remains  steadfast.  In  April,  the  founder  of  the  Passive  House
       Institute (a  leading  independent research  institute)  attended  the
       certification  of  three   of  our  large   Passive  House   apartment
       developments in  Dublin.  The  first  600  apartments  have  now  been
       delivered to this high standard  to our Land Development Agency  (LDA)
       and  AHB  partners.  These  new  affordable  cost  rental  and  social
       apartments  will  deliver  meaningful  long-term  benefits  to   their
       customers by substantially reducing  their utility bills during  their
       tenancies.

    

   Outlook

   The Company is firmly positioned to achieve significant growth, delivering
   c.6,000 new homes between this year  and next, including c.3,200 homes  in
   2027. The Company reaffirms our FY26 guidance:

    

     • Revenue of c.€1.05 – €1.08 billion;
     • Operating profit of c.€180 – €185 million; and
     • ROE 1 1 of c.16.5%.

    

   For further information, contact:

    

   Cairn Homes plc                          +353 1 696 4600

   Michael Stanley, Chief Executive Officer

   Richard Ball, Chief Financial Officer 

   Ailbhe Molloy, Head of Investor Relations

    

   Drury Communications                      +353 1 260 5000

   Billy Murphy

   Conor Mulligan

    

   Notes to Editors

   Cairn  is  an  Irish  homebuilder  committed  to  building   high-quality,
   competitively priced,  sustainable  new  homes and  communities  in  great
   locations. At Cairn,  the homeowner is  at the very  centre of the  design
   process. We  strive to  provide unparalleled  customer service  throughout
   each stage  of the  home-buying  journey. A  new  Cairn home  is  expertly
   designed, with a focus  on creating shared  spaces and environments  where
   communities thrive.

    

    

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    2 1 ROE (Return on Equity) is defined as profit after tax divided by  the
   average of the opening and closing total equity in the financial year.

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   View original content:  4 EQS News

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   ISIN:          IE00BWY4ZF18
   Category Code: TST
   TIDM:          CRN
   LEI Code:      635400DPX6WP2KKDOA83
   Sequence No.:  425757
   EQS News ID:   2318456


    
   End of Announcement EQS News Service

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