Wrights of Howth Group Holdings Ltd reported pre-tax losses of €613,391 for the year to January 2025. The figure represents a 15pc increase on the previous year’s loss of €533,656. Cost of sales and administrative expenses contribute to the operating loss of €516,189.
A new store opened at Dublin Airport Terminal One in February 2024, benefiting from 33.3m passengers passing through the airport.
In the period, revenues fell by €3.2m from €24.03m to €20.83m, while non-cash depreciation and amortisation charges total €1.3m. Numbers employed drop from 242 to 204, with staff costs reducing to €6.08m including a termination payment of €124,280.
Despite challenges, net cash generated from operations reaches €788,953, and directors express satisfaction with results while planning to continue present activities. Shareholder funds stand at €1.2m at year-end, supported by a capital contribution of €429,722. Cash funds increase to €334,937.
