Contrasting fortunes: Ardmore makes €3.29m profit while Troy Studios makes €1.6m loss

This summer, Ardmore and Troy MD Elaine Geraghty told an Oireachtas committee: 'Since the removal of the [regional tax incentive] uplift, Troy has been almost 100% vacant'

Visitors on the set of SYFY's Nightflyers in Troy Studios, Limerick. The studio's accounts show it made a post-tax loss of €1.6m last year in contrast with Ardmore's €3.29m profit. Picture: Alan Place/SYFY

The firms that operate Ireland’s two largest movie studios at Ardmore in Co Wicklow and Troy Studios in Limerick had contrasting fortunes last year.

New accounts for Ardmore Studios Ltd show that it recorded post-tax profits of €3.29m last year — which was a 116% increase on the post-tax profits of €1.52m for 2022.