2023 has been another year of strong performance for Cairn. Despite certain macroeconomic headwinds in recent years, as well as continued cost of living callenges and inflationary pressures, we have once again exceeded expectations across key financial and operational metrics. The strong operational and financial performance of the business during 2023 demonstrates the strength and resilience of our long-term operating model, balance sheet efficiency, and the high calibre and experience of our management team.

The true strength of our scaled operating platform came to the fore in 2023, delivering significant growth and record housing output. This impressive performance reflects the continued reinvestment we have made in our business, delivering growth across all of our key operational and financial performance metrics.
