Bord Na Móna profits fall following shift to renewables

The end of its 2024 financial year marked the company’s end of all peat operations, including the use of peat as an energy source in its operations

Bord Na Móna chief executive Tom Donnellan said the company performed well over the recent financial year 'with the successful delivery of five significant renewable energy projects'.

Semi-state firm Bord Na Móna has seen a significant fall in its operating profit for its most recent financial year after it transitioned to operating as a fully renewable energy provider.

According to the latest results, in its financial year ending in April earlier this year, the company recorded an operating profit of €31.9m — down from €106.7m in 2024.