IT Link (ALITL) H1 2025 earnings summary

Executive summary

• Revenue grew 0.8% year-over-year to €42.29M in H1 2025, reflecting modest top-line expansion amid a less favorable environment and lower activity rates.

• EBITDA declined 17.1% to €3M, with margin dropping to 7.1% of revenue.

• Net income decreased 18.1% to €1.47M.

• Operational margin was impacted by a negative calendar effect and a drop in activity rate to 92.8% (down 0.8 pts year-over-year).

• Workforce at June 30, 2025, was 880 employees, with 909 consultants.

Financial highlights

• Operating income for H1 2025 was €2.19M (5.2% of revenue), down from €2.92M in H1 2024.

• Cash and equivalents at June 30, 2025, were €10.26M; net cash (excluding IFRS16 lease debt) was €5.6M.

• Total assets stood at €60.37M, with equity of €29M.

• Dividend of €0.50 per share paid in July 2025, totaling €853K.

• Revenue: €42.29M in H1 2025 vs €41.94M in H1 2024 (+0.8%).

Outlook and guidance

• Management targets full-year revenue growth of 1–3% over 2024 and an operating margin around 6%.