Trabolgan company makes €8.4m pre-tax profits as revenues boosted by accommodation for Ukrainians

Trabolgan Holiday Centre last year received €15m for accommodating Ukrainians while in the first three quarters of this year the company has received €8.59m.

Pre-tax profits at the Cork based company that operates Trabolgan Holiday Village last year increased 12% to €8.4m on the back of record revenues.

Pre-tax profits at the Cork based company that operates Trabolgan Holiday Village last year increased 12% to €8.4m on the back of record revenues.

Trabolgan Holiday Centre Ltd enjoyed best ever revenues of €14.41m in the 12 months to the end of December 26th last. Revenues increased by 11% from €12.59m to €14.4m on the back of the firm providing accommodation to Ukrainians.

The pre-tax profits of €8.4m last year follow pre-tax profits of €7.49m in 2023. The company recorded post tax profits of €7.33m after incurring a corporation tax charge of €1.06m.

Figures from the Dept of Children Equality, Disability, Integration, and Youth show that Trabolgan Holiday Centre last year received €15m for accommodating Ukrainians while payments for the first three quarters of this year show that the company has received €8.59m.

The directors state that the principal activity of the company is the ownership and operation of a holiday centre. They state that “since March 2022 the holiday centre made some accommodation available to The Department of Children, Equality, Disability, Integration and Youth (DCEDIY) for the provision of accommodation to Ukrainian Beneficiaries of Temporary Protection (BOTP) and the level of accommodation provided increased following closure of the holiday park for extensive renovation works in November 2022”.

In their report, the directors state that while the holiday village remains closed to the general public to facilitate extensive renovations it has made available to Ukrainian BOTP its accommodation units.

The holiday village remained closed for all of 2025 financial.

On future developments, the directors state that “the company has extended its services to include the purchase and sale of mobile homes for use on a serviced mobile home site that it has developed and from which it will earn service fees”.

The ‘Ukrainian’ business greatly increased the company’s balance sheet with shareholder funds increasing from €13.99m to €21.3m. Cash funds increased from €2.2m to €3.57m.

Numbers employed in 2024 decreased from 56 to 54 as staff costs increased from €2.58m to €2.9m.

Pay to directors last year increased from €718,994 to €935,610 made up of directors’ remuneration of €515,254 and pension contributions of €420,356.

The profit takes account of non-cash depreciation costs of €784,645.