Work on Guinness producer Diageo’s €300m state-of-the-art brewery in Co Kildare last year contributed to pre-tax profits at Walls Construction rising by 11% to €40.55m.
New consolidated accounts filed by Walls Construction Holdings Ltd show that the business enjoyed the sharp rise in profits as revenues increased by 7% or €41.7m from €631.18m to €672.88m in 2025.
Diageo’s brewery outside Newbridge in Co Kildare was officially opened in May of this year and was one of a number of high profile projects Walls Construction worked on last year.
The directors state that “the group continued to report a strong financial performance during 2025, demonstrating the continued strength of the business”.
They state that the group’s business plan envisages a continued steady growth into the future, underpinned by the management structures and resources in place.
The builder continues to be active in the data centre construction sector and in April 2025, the group established a new subsidiary, Walls Technology Limited, with particular focus on the Technology, Life Sciences, and Mission Critical sectors, both nationally and internationally.
The directors state that during 2025, “we commenced major projects that are expected to generate significant multi-year turnover”.
“As a result, we have established a strong order book for 2026, with a good line of sight into 2027, including both existing and new clients,” they add.
The firm paid out a dividend of €30m last year and this followed a dividend payout of €24.08m in 2024.
At year end, the group had cash funds of €83.29m and all activities are funded from existing reserves.
The directors state as of the year end, the group maintained a robust financial position with a healthy cash balance and stable access to financing.
It recorded operating profits of €38.9m and interest receivable of €1.65m resulted in the pre-tax profit of €40.55m.
The company recorded post tax profits of €34.96m after incurring a corporation tax charge of €5.59m.
Some of the company’s other projects include LinkedIn’s Dublin HQ, Google Bolands Mill, the Kerry Group’s Global Technology and Innovation Centre at Naas, Co Kildare, the Central Bank headquarters and the 3Arena.
Numbers employed by the group increased from 478 to 512 with staff costs rising by 18% from €52m to €61.2m.
Directors’ pay increased by 21% from €3.43m to €4.15m.
Shareholder funds at the end of last year totalled €46.53m that included accumulated profits of €43.87m.
Pay to key management personnel made up board and executive team members last year increased from €5.93m to €7.87m.
