Cairn Homes Plc (CNHHY) Q2 2025 Earnings Call Transcript

Operator

Welcome to Cairn Homes 2025 Interim Results Analyst and Investor Call, which will be hosted by Michael Stanley, Chief Executive Officer; and Richard Ball, Chief Financial Officer. [Operator Instructions] Please note that today’s call is being recorded. I would now like to hand the call over to your first speaker today, Michael Stanley, Chief Executive Officer. Please go ahead, sir.

Michael Stanley
Co-Founder, CEO & Executive Director

Thanks, Nadia. Good morning, everybody. Joined this morning by Richard Ball, our CFO; Ailbhe Molloy, our Senior Investor Relations Manager; and Deca Murray, our Head of Finance, who will no doubt chip in later on Q&A and help us out. Thanks, everyone, for joining.

Since we last presented to you, Cairn has celebrated 10 years in business. I’d just like to start by saying my colleagues and I are proud of what we have built, built the business to a market leadership position, where today, over 30,000 people live in a Cairn home. That’s only half the story. As you’ll see from today’s presentation, hopefully, the momentum of the business has increased. Our strategy is working well. We have doubled down on work in progress investment, which, as it unwinds, will lead to a strong second half for this year and certainly bodes very well for 2026. Most importantly, I suppose, Cairn continues to play an influential role in addressing the acute housing shortage in Ireland.

So we go straight to Slide 4 in our H1 operational highlights. Today, we have recorded a closed and forward