19. Grants

	2025 €’000	2024 €’000
At 1 January	(10,112)	(9,451)
Received	-	(977)
Re-assessment of deferred grant repayable	(162)	-
Amortised	353	316
At 31 December	(9,921)	(10,112)

Analysed as follows:

	31-Dec-25 €’000	31-Dec-24 €’000
Non-current	(9,611)	(9,802)
Current	(310)	(310)
Total	(9,921)	(10,112)

These amounts relate to grant funding from the Sustainable Energy Authority of Ireland, EU Interreg Swell project and the European Investment Bank Elena project. A number of conditions relating to these grant fundings remain in progress at year end. There are no unfulfilled conditions attached to grants recognised in the income statement. In certain circumstances grants may become repayable if the conditions laid down in the grant agreements are not achieved. In 2025, the amount assessed as repayable on the European Investment Bank Elena project was reduced by €0.16 million.