Pre-tax profits at Brody Sweeney’s Camile Thai Group last year doubled to €552,369.
New consolidated accounts for Camile Thai Group Holdings show that profits increased as revenues dipped by 3.5% from €12.74m to €12.28m.
The group increased its profits as the company sustained an exceptional cost of €122,000 arising from the Supreme Court Karshan ruling.
The directors state that the exceptional item relates to a Revenue settlement in respect of historical payroll tax liabilities for 2024 and 2025 identified by the directors as a result of the guidance published by Revenue identified by the Karshan judgement.
The directors state that this as a result of previous contractor drivers, now being designated as employees.
The Supreme Court ruled in the landmark case Revenue Commissioners v. Karshan (Midlands) Ltd t/a Domino’s Pizza in October 20, 2023 that pizza delivery drivers are employees under a contract of service rather than self-employed independent contractors.
The pre-tax profits of €552,369 follow pre-tax profits of €275,484 in 2024 – a rise of 100%.
The main contributory factor to the increase in profit was ‘other operating income’ of €1.3m compared to a modest €1,099 under that heading in 2024.
The principal activity of the group during the year was that of the production of food and packaging for Camile Thai outlets, distribution, the operation of six Camile Thai Kitchens company owned stores with a further 43 stores franchised at the year ended December 2025.
The company’s best known franchisee is Galway All-Ireland winning hurler, Joe Canning.
Numbers employed reduced from 158 to 113 as staff costs reduced from €4.44m to €4.05m.
The profits last year take account of non-cash depreciation costs of €724,297.
The firm recorded net cash from operating activities of €1m in 2025 which was an increase on the €701,824 generated from operating activities in 2024.
Last year, as part of continuing expansion the firm paid out €888,036 to acquire tangible assets.
The group recorded a post tax profit of €467,894 and incurred a corporation tax charge of €84,475.
At the end of December 2025, the group was sitting on accumulated profits of €1.62m.
The directors state that the principal risks and uncertainties facing the group is the increase in competition due to the highly nature of this industry and the current economic climate.
Reporting by Gordon Deegan
