Newly filed accounts, by Hansard’s Plateau Records Ltd, show that the Dubliner’s firm was sitting on a cash pile of nearly €1.5m at the end of November last.
The accounts show that the business recorded a profit of €245,000 last year, resulting in accumulated profits increasing to €1.44m.
During the same period, the cash pile at Hansard’s firm jumped by €209,437 to €1.482m last year — not bad for someone who left school at the age of 13 to go busking and busked on Grafton Street for the following five years.
In a press interview, the singer said of his time busking on Grafton Street that it was “the only education I’ve ever needed”.
Ballymun native, Hansard achieved worldwide fame in 2008 when he and then girlfriend, Markéta Irglová won an Oscar for the international hit song, ‘Falling Slowly’ from the film Once.
The stage version of the musical, written by Dubliner, John Carney has since gone on to perform three years on Broadway, two years on the West End and has won eight Tony awards.
The musical is to start a seven-week stint at Dublin’s Olympia Theatre, beginning on July 4.
Previous accounts for Hansard’s Plateau Records — where he is the sole shareholder — show the Oscar success has had a very positive effect on his firm’s bank balance.
The latest accounts show that the firm’s wealth has grown sharply since 2012 when accumulated profits of €534,691 and a cash pile of €537,941 were recorded.
The popular Dubliner is set to add to his coffers next month with two sellout gigs at the Iveagh Gardens in Dublin celebrating 25 years of The Frames.
The Frames are also performing a sellout gig at The Marquee in Cork.
In anticipation of a forthcoming record, Hansard is to embark on an autumn tour that will see the 45-year-old play gigs in Italy, Germany, Denmark, Sweden, France and Belgium.
The northsider first shot to prominence with The Frames just under 25 years ago.
Like other Irish songwriters, Hansard can claim a tax exemption on profits from his songwriting.