Burmarrad Group Assets profit climbs to €403,918 in first half

Interim financial statements approved

Burmarrad Group Assets plc has approved its unaudited interim financial statements for the six months ended 31 July 2026, reporting a strong improvement in profitability compared with the same period last year.

The results were approved by the Board of Directors on 29 September 2026.

Profit before tax more than doubles

The Group reported profit before tax of €583,240, up from €244,152 in the corresponding period of 2025.

Profit for the period increased to €403,918, compared with €105,759 a year earlier.

Investment income, which remains the Group’s main source of revenue, rose to around €1.03 million from €888,212. Operating profit also improved, reaching €917,233 from €738,997.

Finance costs increased to €523,124, compared with €494,845 in the prior-year period.

The Group’s performance also benefited from a €224,456 share of profit generated by its associate, BBT plc, marking a favourable variance from the comparative period, during which the investment did not contribute to earnings.

Total equity rises to €24.52 million

At the end of July, Burmarrad Group Assets reported total assets of €45.59 million, while total equity increased to €24.52 million, from €24.12 million at the end of January.

Cash and cash equivalents also strengthened to approximately €1.40 million, compared with €871,766 previously.

The directors have not proposed an interim dividend.

The Group noted that its performance remains linked to its vehicle-related and property activities, as well as its 17.21% interest in BBT plc.