Accounts for the company behind the retailer, Anthony Nicholas, show that it made a £153,000 (€177,000) operating profit in the 12 months to the end of June 2025. That compared to a £559,000 operating loss the year before.
Accounts for the business, which includes Fields in Ireland and Fraser Hart in the UK, show that turnover last year was flat, at £57.7m.
Of its revenue in the last financial year, £26.8m was generated in Ireland and the remainder outside the country, the Anthony Nicholas accounts note.
However, newly-filed accounts for Fraser Hart in the UK show that it generated revenue of £35m in the last financial year, virtually unchanged on the 2024 period. It incurred restructuring costs of £120,000 last year.
Anthony Nicholas reported earnings before interest, tax, depreciation and amortisation (ebitda) of £2.1m, which was up substantially on the £1.7m it generated in the 2024 financial year.
However, the ebitda figure was prior to restructuring costs.
“Trading conditions in the UK have shown early signs of improvement compared with the prior year, while the market in Ireland has continued to perform strongly, supported by the successful opening of a new store,” said the directors in the accounts.
It operates 14 stores around the country and employs about 350 people
They added: “The board anticipates that the overall UK conditions will remain relatively subdued in the medium term and, in response, has maintained appropriate controls over capital expenditure and continue to monitor the group’s cost base.”
Fields opened a new store at Mahon Point in Cork, last year. It operates 14 stores around the country. The group employs about 350 people.
The directors say the group has a “robust financial platform for the future” and will continue progressing its strategy to grow the business through investment in both online and in-store operations across the UK and Ireland.
Fields acquired Fraser Hart in 2007 in a deal that brought 31 outlets in the UK under the group’s umbrella.
Fraser Hart has about 22 stores in the UK and is considered one of the UK’s largest jewellery retailers.
At the time of the acquisition, the UK stores had combined sales of about €63m, equivalent to that being generated by Fields that year.
Fields was founded in 1949 and opened its first store on Grafton Street in Dublin.
