The TV company Patrick Kielty set up after securing the role of host of RTÉ’s flagship Late Late Show paid out dividends of €218,590 last year.

The presenter incorporated Pamanco Ireland Ltd in May 2023 – the same month in which he was unveiled as the successor to Ryan Tubridy on the famous talk show.

New accounts show that pretax profits at the company declined by 9% from €173,273 to €158,908 in the 12 months to the end of July 31, 2025.

Pre-tax profits at the company last year decreased as revenues dipped by 6% from €286,656 to €268,324.

Cash funds at the company last year fell from €113,393 to €94,287, and after the dividend payout was offset by post-tax profits of €138,958, accumulated profits reducedto €71,982.

The accounts cover Kielty’s second season presenting the show on which the Home Alonethemed Toy Show broke its own viewing record with more than 1.6million viewers.

On the company’s future, the directors, in their report, signed off on April 17, state that the firm ‘plans to continue its present activities and current trading levels’. Kielty’s three year contract to present The Late Late Show, signed off in June 2023, comes to an end this month – and an announcement has yet to be made about a new contract for the host.

At an appearance before the Oireachtas Media Committee on May 20, RTÉ director general Kevin Bakhurst told members, regarding contract talks with Kielty, that ‘we are still negotiating with Patrick’.

Asked if RTÉ has a contingency plan in place, Mr Bakhurst remarked: ‘We want to get Patrick back but we will have to have one in case we cannot conclude a deal with him.’

When asked for an update on negotiations with Kielty, 55, an RTÉ spokeswoman said yesterday: ‘We look forward to the programme returning for its 65thyear in the autumn.’

She added: ‘We have no further comment at this time.’

In June 2023, Kielty confirmed that his three-year contract involved RTÉ paying him €250,000 for each of the three 30-episode series.

Pamanco Ireland Ltd is a subsidiary of Co. Down-registered entertainment firm Boxed Productions Ltd. The €218,590 dividend would have been paid to Boxed Productions.

The most recent accounts filed by Boxed Productions show accumulated profits increased from £1.37million (€1.58million) to £1.51million (€1.75million) in the 12 months to the end of March 2025.