Insomnia Coffee Company, a leading independent coffee shop chain in Ireland and the UK, has recently reported a remarkable surge in profits for the year 2023. The firm’s pre-tax profits soared by over threefold to €2.49 million, showcasing a substantial growth trajectory. This financial achievement was complemented by a
notable
increase in revenues, which climbed by 7% from €37.32 million to €39.87 million.
The company behind the Insomnia brand, BHJ Holdings Ltd, revealed these impressive figures in its latest financial accounts filing. The significant boost in profits from €797,236 in 2022 to €2.49 million in 2023 underscores the business’s resilience and strategic acumen.
Directors of Insomnia Coffee Company expressed their satisfaction with the group’s performance in 2023 and articulated plans for further expansion both domestically and internationally. Their commitment to growing the business signals a promising future for the brand.
In addition to its financial milestones, Insomnia also distributed a dividend of €1.625 million during the year, reinforcing its stability and shareholder value proposition. Notably, this dividend was directed towards Insomnia Coffee Limited, the company’s ultimate holding entity based in Malta.
Operating a network of coffee outlets across Ireland and the UK, Insomnia achieved revenues totaling €39 million in 2023—a surpassing figure compared to pre-pandemic revenues of €36.77 million recorded in 2019. This growth trajectory positions Insomnia as a key player not only within its domestic market but also on a broader European scale.
With over two decades of operational expertise, Insomnia has expanded significantly since its inception as a single location within a Galway bookstore back in 1997. Today, boasting more than 175 coffee shops across Ireland and the UK—strategically located on high streets and through collaborations with retailers—the company has solidified its position as an industry leader.
Moreover, beyond its physical stores, Insomnia operates over 600 self-service machines throughout Ireland and the UK—a testament to its innovative approach towards meeting consumer demands and enhancing accessibility.
Financially robust performance indicators include operating profits amounting to €4.69 million after factoring non-cash depreciation costs and asset impairments into account.
Post-interest charges and taxation adjustments, Insomnia attained an impressive post-tax profit of €2.27 million—an outcome that underscores both operational efficiency and fiscal prudence.
As part of its growth strategy, staffing levels at Insomnia increased from 491 employees to 509 individuals during this reporting period—reflecting sustained job creation efforts amid evolving market dynamics.
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