Operating profits at the Co Clare luxury golf resort owned by US President Donald Trump increased by 9% in 2024 to €2.23m in another record year for the business.
New consolidated accounts for TIGL Ireland Enterprises Ltd that operates Trump Doonbeg golf resort show that the resort’s operating profits increased as revenues rose by 7% from €16.12m to €17.3m.
The accounts were signed off by directors, Eric Trump and Joe Russell, who is also General Manager, during Eric Trump’s business visit to the resort last week.
In their directors’ report, Mr Trump and Mr Russell state during 2024 “the business delivered increased sales across its green fees, membership, accommodation and hotel services”.
They state that Trump Ireland continues to receive significant international recognition, including being named Top 5 Resorts in Europe in Condé Nast Traveller Readers’ Choice Awards 2025.
They also state that the staging of the 2026 Amgen Irish Open at the course this coming September will further enhance the global profile of the business.
The group’s pre-tax profit increased by 22% from €488,624 to €595,082 in 2024.
The business recorded the pre-tax profit of €595,082 after costs comprising non-cash depreciation charges of €1.6m and interest payments of €25,143 are taken into account.
The group recorded a post tax profit of €538,743 after incurring a corporation tax charge of €56,339.
Donald Trump Jnr also sits on the board and the directors’ report states that they “are planning to invest significantly in both the golf course and hotel facilities at the Trump International Golf Links and Hotel Ireland, Doonbeg over the next 24 months”.
The firm currently has a planning application for a permanent ballroom structure before Clare Co Council.
The Trump Organisation has ploughed more than €40m, including the purchase price, into the resort since it came under the ownership of the Trump Organisation in February 2014.
The accounts show that the group generated net cash of €2.66m from operating activities in 2024.
The accounts show that €1.6m was paid out to acquire tangible assets in 2024 and this followed an outlay of €1.89m under the same heading in 2023.
The resort at peak season employs 300 and staff costs increased from €7.56m to €7.95m that included €7.35m in wages and salaries.
The accounts – signed off by Eric Trump and Joe Russell on January 20 – show that shareholder funds at the end of 2024 totalled €17.44m where “other reserves” of €34.63m are offset by accumulated losses of €17.19m.
Cash funds at the group increased from €1.41m to €2.1m. The owner of the Trump Doonbeg firm is named as the Donald J Trump Revocable Trust in the accounts.
In January of last year, Mr Russell confirmed that US based golfers were paying €25,000 per head to join Doonbeg golf resort in record numbers following Mr Trump’s election as US President.
Mr Rusell stated that the resort had recorded “the highest ever number in new membership sales” in January 2025.
Since the Trump Organisation purchase, US President Trump has visited the resort seven times and he may visit again in September during the Irish Open.
The most high profile visit was in June 2019 which was the his only visit to Ireland while President of the US.
Reporting by Gordon Deegan
