Companies

The Money Tree: U2-controlled company books €24m losses after paying out dividends

Not Us Limited recorded a loss of €24.4 million in 2022 after paying out dividends

Bono, U2 frontman: Each of the four members of U2 has a 25 per cent stake in Not Us Limited. Picture: Rollingnews.ie

Not Us Limited, one of the main companies for controlled by the members of Irish rock band U2, had losses of €24.4 million in 2022 after paying out dividends.

The loss for 2022 was up from €20.8 million the year before, and the accounts state that “the profit and loss account represents cumulative gains and losses recognised, net of dividends paid”.

The company did not disclose how much was paid out in total, or how ...