IT Link (ALITL) H1 2025 earnings summary

Executive summary

• Revenue grew 0.8% year-over-year to €42.29M in H1 2025, with EBITDA down 17.1% to €3M and net income down 18.1% to €1.47M, reflecting a less favorable environment and lower activity rates.

• Operating margin was 5.2% of revenue, impacted by a negative calendar effect and a 0.8 point drop in activity rate to 92.8%.

• Net cash position remained strong at €5.6M as of June 30, 2025.

• Workforce at period end was 880 employees, with 909 consultants.

Financial highlights

• Service revenue reached €42.29M, up from €41.94M in H1 2024.

• EBITDA was €3M, down from €3.62M year-over-year.

• Operating income was €2.19M, compared to €2.92M in H1 2024.

• Net income was €1.47M, down from €1.79M in H1 2024.

• Earnings per share (EPS) was €0.84, diluted EPS €0.86.

• Net financial result was -€310K.

• Cash flow from operations was €1.89M.

Outlook and guidance

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