Irish firm Oatier plans flotation on Euronext Growth market in 2026

Irish oat drink company Oatier is planning a floatation on the Euronext Growth market in 2026. Oatier has carved out a niche in the food service sector, supplying oat drinks to cafes, restaurants, hotels and coffee shops across Ireland. The firm is now also selling in Belfast, London and Paris, with further international markets also under consideration.

Oatier’s floatation plans will come as a welcome boost for Dublin’s Euronext market, which has endured a torrid few years in which IPOs have been few and far between. The Dublin market has seen a number of high-profile companies such as CRH, Paddy Power owner Flutter and Smurfit Kappa delist from the exchange. Oatier, which is backed by a group of high net-worth individuals, plans to list on Euronext’s new market set up specifically for smaller firms.



The Naas, Co Kildare-based firm, headed up by ex-Kerry and Grant Thornton food industry expert Neil Brady, raised €2m in June and the Sunday Independent previously reported that it has plans to raise a further €500,000. This new funding was now expected to be raised in early 2025 and would fund Oatier’s expansion through the year. “We are now selling in Dublin, Belfast, London and Paris, with further international markets under evaluation,” said Brady.

He expected to announce one new market in early 2025 and hopes to enter markets in Germany, ­Italy and Slovenia in 2025, he said. Sales growth was being driven by the environmental credentials of oats versus dairy and other alternatives, and the perceived health benefits of alternative drinks, he said. “We see further consolidation in the dairy and other alternatives market, with oat winning out amongst the alternative products.

The aim for Oatier is to be the number two in the dairy alternative market, and the flagship of oat drinks using Irish oats and supporting Irish farmers,” he said. The firm had hired a new business development manager — Dominic Doyle of the Newbridge Silverware family — who would be based in the UK and lead Oatier’s expansion there. During 2024 Oatier also sought to develop its range through further innovation and has now launched its second product, Oatier Barista Gluten Free, catering to what Brady said was an underserved segment of the market.

A third product was also on the way in the first quarter of 2025 — a Barista Light variant that would utilise a specific blend of oat varieties, for paring with light roast coffee. “Year on year sales have doubled, and expect a fourfold increase in the next 12 months, as we fill out our pipeline,” said Brady. “60pc of Dublin’s specialty coffee orders now opt for oat milk,” Brady said.

He added that this indicated the demand for plant-based alternatives is not a trend but a shift in consumer behaviour.​ The firm currently employs six staff, having raised €1.4m in investment for the business and is on track to achieve €250,000 in turnover by the end of 2024, as demand for oat-based products continues to grow.

Oatier is targeting €3m turnover by the end of 2026, said Brady. Market intelligence from ­Mordor says the global oat milk market is expected to reach $2.83bn (€2.

73bn) in 2024 with compound growth of over 13pc. “It’s a huge sea change that is happening. Dairy still dominates in retail but oat is growing strongly in the coffee scene,” said Brady.

Oatier’s chairman Michael McArdle is the former head of consumer growth at Glanbia and Brady started his own career in Kerry Group. Veteran food industry investor Kieran Mahon, Oatier’s founder and a former Davy equity analyst, had approached Brady about his early stage oat milk project while he was working at Grant Thornton as an agri-food consultant..