Irish homebuilder Glenveagh's 2025 EPS exceeds guidance, revenue up 7%

Glenveagh Properties

15/01/2026 07:15

Overview

Homebuilder's 2025 revenue rose 7% to €926 mln, with EPS ahead of guidance

Partnerships segment revenue increased 60%, boosting overall gross margin

Company completed €105 mln share buyback, starts new €25 mln program

Outlook

Glenveagh guides 2026 EPS of up to 21 cent

Company expects 2026 completions to reach approximately 2,750 units

Glenveagh sees strong demand supported by €1.1 bln forward order book

Result Drivers

PARTNERSHIPS GROWTH - Partnerships segment revenue increased by 60%, driven by strong progress across multiple projects, establishing it as a core delivery channel

HOMEBUILDING MARGIN - Homebuilding gross margin improved to 23.7% due to standardization, scale, and vertical integration

LAND SALES - Land disposals totaled €55 million, aligning with capital allocation strategy and supporting delivery

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Margin
21.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Glenveagh Properties PLC is €2.18, about 14.9% above its January 14 closing price of €1.90

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nRSO9617Oa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)