This growth was driven by a 7% rise in revenues, which climbed from €37.32 million to €39.87 million. Directors Harry O’Kelly, John Clohisey, and Barry Kehoe expressed satisfaction with the group’s performance and announced plans for further expansion in Ireland and abroad.


During the year, the company paid a €1.625 million dividend to its ultimate holding company, Insomnia Coffee Limited, which is based in Malta. The directors noted that no dividends were paid to them by any group company. The group’s 2023 revenues surpassed pre-pandemic levels of €36.77 million in 2019, with €39.16 million generated in Ireland and €714,853 in the UK.

Insomnia Coffee Company, now in its 25th year, has grown from a single Galway bookstore location in 1997 to over 175 coffee shops across Ireland and the UK. It also operates more than 600 self-service coffee machines. The group invested €3.1 million in tangible fixed assets in 2023, reflecting its commitment to expansion. Operating profits for the year totalled €4.69 million, including €1.83 million in non-cash depreciation and a €106,679 impairment of assets. After interest charges of €251,834 and corporation tax of €217,000, post-tax profits stood at €2.27 million.

The number of employees rose from 491 to 509, with staff costs increasing from €12.65 million to €13.2 million. At the end of 2023, shareholder funds reached €8 million, including accumulated profits of €7.44 million, while cash reserves increased from €1.45 million to €3.23 million. Looking to the future, the directors plan to consolidate and expand the group’s operations further.