Pre-tax profits at the largest architectural practice in the country, Henry J Lyons, last year surged to €156,238.
The firm – with offices in Dublin and Cork – has designed some of the country’s best known urban buildings including Clery’s Quarter on Dublin’s O’Connell Street along with the Central Bank headquarters on North Wall Quay and the Google Flour Mills at the Google Boland Mills Campus in Dublin 4.
Other projects include One Molesworth Street, Tropical Fruit Warehouse, One Lime Street, Central Plaza on Dame Street and LinkedIn One Wilton Park.
New consolidated accounts filed by Henry H Lyons (Architects) Ltd show that revenues dipped marginally from €30.66m to €30.44m in the 12 months to the end of September last.
The pre-tax profits of €156,238 compare to very modest pre-tax profits of €478 in the prior year.
The profits increased sharply after overall pay to directors reduced by 19% from €2.93m to €2.38m made up of €2.17m in emoluments and €216,277 in pension contributions.
This compares to €2.53m in emoluments and pension contributions of €402,912 in 2024.
Derek Byrne resigned as a director in June 2025 with numbers of directors reducing from 11 to 10 during fiscal 2025.
Since the end of September last, Fernando Girbal resigned as a director last October and Barry Kirwan was appointed to the board in March of this year
According to the directors, “the trading results for the year and the financial position at the year-end were considered satisfactory”.
The group last year paid out a dividend of €106,000 compared to a dividend of €1.55m in the prior year.
Last year ut recorded a post tax profit of €64,395 after a corporation tax charge of €91,843 was taken into account.
The post tax profit of €64,395 compared to a post tax loss of €62,029 in the prior year.
Last year, the company’s workforce increased by seven rising from 237 to 244 made up of 219 architects and 25 in administration.
Staff costs reduced from €21.3m to €20.16m due to the drop in pay for directors.
The pre-tax profit last year takes account of non-cash amortisation and non-cash depreciation costs of €826,491.
A breakdown of revenues show that €28.54m was generated in the Republic of Ireland and €1.89m in the Rest of World.
The group’s balance sheet shows that accumulated profits at the end of September last totalled €4.96m while the group’s cash funds increased from €5.8m to €8.2m.
Reporting by Gordon Deegan
