Glenveagh Properties PLC (GLV) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Glanvay Infraim Results 2025. My name is Laura and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call your lines will be on listen only mode. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your Teleton keypad to register your question. I will now hand you over to your host, Stephen Garvey, CEO, The Begin to Race Conference. Thank you. Good morning and thank you, Laura. I am Stephen Garvey, CEO of Glenveig. I'm joined today by our CFO, Conor Murtaugh. We appreciate you joining our interim results call for the first six months, end of the 30th of June, 2025. This morning, I'll walk you through the key highlights, the market, the policy context, and how our strategy is showing up in home building, partnerships, land and innovation. Conor will take you through the financials and capital allocation and I will return to the outlook and closing remarks. As always we will leave plenty of time for your questions at the end. Let's begin on slide 4 which sets out our headline numbers for the first half of the year. This period demonstrated the strength of our building better strategy. We set out scale delivery, deepened our partnerships with the state and drove operational efficiency through innovation and that's exactly what's reflected in our results. Our focus on standardization and vertical integration is now embedded across the business, making us more resilient and more efficient as we grow. The benefits of our early investment in innovation are visible in our margin profile and our ability to deliver at scale even as the market evolves. This is also the first interim period where our partnership segment has made ...