Profits rise to €19.8m at Cork-headquartered PFH Technology

Company posts financial results with turnover up 18% to €178.5m

Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.

Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.

PFH was founded in Cork in 1985 by Paul Hourican and provides ICT solutions and managed services to the public and private sector across Ireland and the UK. Services include cloud solutions, cyber security, networking, logistics, and large-scale technology rollouts.

The company was taken over by the European arm of Japanese imaging giant Ricoh in 2023. It continues to employ hundreds of employees across its headquarters in Little Island in Cork and offices in Dublin and Galway.

In its financial results for the year ended June 30, 2025, the company increased turnover by 18.3% from €150.9m to €178.5m. Operating profit increased from €16.4m to €19.8m in the same period.

“Over the reporting period, we observed a significant uptick in customer activity, supported by favourable economic conditions and business confidence. This increased demand allowed us to optimize capacity utilisation and improve operational efficiency,” the company statement said.

“Our strategic focus on market responsiveness, coupled with investments in key strategic solution areas, positioned us well to capture emerging opportunities."

The average number of employees working at PFH over the year was 613, down from 653 a year previously, with 583 working in sales and servicing and 30 working in adminiinistration. Wage and salary costs for 2025 were €38.8m.

The directors said they were confident about sales orders and activity for the coming financial year. “Looking ahead, while we remain cautious of macroeconomic uncertainties, the current momentum, combined with our strengthened market position, gives us confidence in our ability to sustain profitable growth. We will continue to invest in innovation, talent, and customer engagement to build on this year's success and deliver long-term value for our stakeholders.”

In January 2026, PFH announced a joint venture with MTI UK and Germany. This venture unified the companies' leadership teams, with a combined board led by PFH chief exeuctive Tom Randles, taking over as CEO of both companies. The joint venure has combined revenues of €300m. "The joint venture is focused on enhancing our collective capability and delivering greater value to our more than 1,500 customers across Europe," the company said.