IT Link (ALITL) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was €41.89M, down 0.9% year-over-year (–0.5% at constant currency).

• EBITDA reached €1.46M (3.5% margin), declining 3.6 points due to lower activity rates, project issues in Solutions France, reduced R&D tax credits, and one-off penalties.

• Net income was €0.60M, a 59.1% decrease compared to H1 2025.

• Net cash position improved to €7.1M (excluding IFRS16 lease debt), up from €3.8M at year-end 2025.

• Workforce at June 30, 2026: 905 employees, with 937 productive consultants.

Financial highlights

• Operating income was €0.78M, down 64.4% year-over-year.

• Operating margin declined to 1.8–1.9% from 5.2% a year earlier.

• Total assets stood at €58.2M, down from €60.0M at December 31, 2025.

• Equity attributable to the group was €30.3M.

• Cash flow from operations was €4.33M, up from €1.89M in H1 2025.

Outlook and guidance

• Management targets revenue growth of 1.5–2.5% for FY 2026.

• H2 2026 operating margin expected between 7–8%; full-year profitability anticipated around 5%.

• Productive headcount continues to grow, exceeding 950 consultants as of the report date.

• Positive commercial momentum and productive headcount growth support improved H2 performance.