Muckross Park Hotel Profit Drops Despite €71.14m Revenue
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iNua Hospitality Plc Reports €2.88 Million Post-Tax loss for 2024
Table of Contents
Updated October 28, 2025, at 02:53:27
Financial Performance Overview
iNua Hospitality Plc, the holding company for a portfolio of Irish hospitality venues including the Muckross Park Hotel & Spa in Killarney, reported a post-tax loss of €2.88 million for the year ending December 31, 2024. This follows a marginal decline in operating profits, from €3.96 million in 2023 to €3.93 million in 2024. Revenues also decreased slightly, falling 2% from €72.79 million to €71.14 million over the same period.
Detailed Financial Breakdown
The pre-tax loss amounted to €2.69 million, factoring in considerable interest payments of €6.62 million and non-cash depreciation costs of €5.18 million. A corporation tax charge of €190,423 contributed to the final post-tax loss figure.
The company’s financial position also reveals important shareholder funds of €6.09 million, comprised of share capital of €46.87 million offset by accumulated losses of €40.78 million. Total loans owed to creditors at the end of December 2024 reached €70.75 million.
| Financial Metric | 2024 (€ million) | 2023 (€ million) |
|---|---|---|
| Revenue | 71.14 | 72.79 |
| Operating Profit | 3.93 | 3.96 |
| Pre-Tax Loss | -2.69 | N/A |
| Post-Tax Loss | -2.88 | N/A |
| Interest Payments | -6.62 | N/A |
| Depreciation Costs | -5.18 | N/A |
| Corporation Tax | -0.19 | N/A |
| Shareholder Funds | 6.09 | N/A |
| Accumulated Losses | -40.78 | N/A |
| Share Capital | 46.87 | N/A |
| Loans to Creditors | 70.75 | N/A |
Workforce and Remuneration
The number of employees decreased from 1,293 in the previous year to 1,132 in