IT Link (ALITL) Q2 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.

• 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: 880 employees, 909 consultants.

Financial highlights

• Revenue: €42.29M (up 0.8% year-over-year).

• EBITDA: €3M (down 17.1% year-over-year).

• Operating income: €2.19M (5.2% of revenue).

• Net income: €1.47M (down 18.1% year-over-year).

• Net cash: €5.6M at June 30, 2025 (vs. €5.2M at Dec 31, 2024, excluding IFRS16 lease debt).

Outlook and guidance

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