Sell-out crowds cheering on Rory McIlroy’s dramatic play off Amgen Irish Open win at the K Club last year coincided with operating profits surging by 30% at the five-star golf resort to €3.32m for 2025.
New consolidated accounts filed by Bishopscourt Investments Ltd and subsidiaries show that the group recorded the jump in profits as revenues increased by 13% from €26.88m to €30.48m.
The operating profits of €3.32m follow operating profits of €2.56m in 2024.
The group recorded a pre-tax profit of €1.92m after non-cash depreciation costs of €1.5m are taken into account offset by a gain of €112,200 from the disposal of assets.
The pre-tax profit of €1.92m is a 27% increase on the pre-tax profits of €1.6m in 2024.
The group recorded a post tax profit of €1.84m after incurring a corporation tax charge of €88,598.
The sell out crowds for the Amgen Irish Open at the K Club last year has persuaded the organisers of the Amgen Irish Open to return to the K Club next year where the event will be celebrating its 100th year anniversary and will take place next July.
The directors state that they are satisfied with the performance of the business during 2025.
Nursing homes investor Michael Fetherston purchased the resort – made up of a hotel, country club and two golf courses – from its previous owner Michael Smurfit for around €65m in February 2020.
On the company’s future developments, the directors stated that they are continuing to invest in various facilities across the resort.
They state that “this is expected to positively affect the future trading results of the group and company”.
Numbers employed at the K Club increased from 259 to 279 in 2025 and staff costs increased from €11.25m to €12.16m.
The amount owed to a group undertaking last year increased from €54.04m to €69.69m.
The group’s cash funds during 2025 increased from €2.69m to €4.02m.
Its accumulated losses reduced from €43.2m to €41.38m.
At the end of December, the group had a shareholders’ deficit of €9.04m made up of the accumulated losses of €41.38m offset by €32.33m in a share premium account.
Entries on the Residential Property Price Register for this year show that the K Club remains a very much valued address with a house at Churchfields, K Club being sold for €2.3m on June 26.
On the same day, a property at 909 Ladycastle, The K Club sold for €1.49m.
The cumulative value of sales on the K Club resort this year total €7.8m.
Reporting by Gordon Deegan
