One4all Gift Card Profits Rise – Irish Times
One4all Gift Card Company Reports €26 Million Profit in 2024
Table of Contents
Published November 8, 2025, at 02:37 AM PST
Overview
GVS Gift Voucher Shop, the parent company of One4all gift cards in Ireland, reported a group profit of €26 million for 2024, a slight increase from €25.3 million in 2023. Overall turnover rose marginally to €79.6 million, driven primarily by the performance of its subsidiaries in Ireland and britain, according to recently filed accounts.
Financial Performance Breakdown
While group turnover increased, the Irish business experienced a decrease. Turnover generated in Ireland was €28.3 million in 2024, down from €33.6 million in 2023. The overall group profit of €26 million represents a modest increase year-over-year.
| metric | 2023 | 2024 |
|---|---|---|
| Group Turnover | €78.3 million | €79.6 million |
| Irish Turnover | €33.6 million | €28.3 million |
| Group Profit | €25.3 million | €26 million |
The Irish Times reported that the company’s profit after tax was €5.8 million.
Revenue Sources
A significant portion of GVS Gift Voucher Shop’s revenue comes from card administration fees. More than half of the total revenue-specifically, revenue derived from inactive balance charges and issuance fees-contributed to the overall financial performance. Commission accounted for slightly less than half of the revenue, while transaction fees generated just under €2 million.
- Card Administration Fees: >50% of revenue
- Commission: <50% of revenue
- Transaction Fees: Approximately €2 million
Workforce and Expenses
The average monthly number of employees at GVS gift Voucher Shop decreased by one, totaling 60 employees during the financial period. The company’s expenditure on staff amounted to just under €3 million.