Aallon Group (AALLON) H2 2025 earnings summary

Executive summary

• Revenue grew 12.9% year-over-year to €39.6 million, driven mainly by acquisitions despite a challenging economic environment.

• Comparable EBITDA increased 13.2% to €6.8 million, with a stable margin of 17.1%.

• Organizational restructuring shifted from a regional to a business unit structure, effective April 2025, with ten subsidiary mergers completed.

• Nine acquisitions were completed in 2025, with further deals in early 2026, supporting the growth strategy.

• Customer and employee satisfaction remained high, with NPS at 52 and employee satisfaction at 4.0/5.

Financial highlights

• Revenue: €39.6 million (up 12.9% from €35.1 million in 2024).

• Comparable EBITDA: €6.8 million (up from €6.0 million), margin 17.1%.

• EBITDA: €6.2 million (margin 15.6%), EBIT: €3.0 million (margin 7.5%).

• Net income: €2.3 million (down slightly from €2.4 million).

• Cash flow from operations: €3.7 million (down 25.4% year-over-year).

• Dividend proposal: €0.24 per share.

Outlook and guidance

• Continued focus on growth through acquisitions and digitalization.

• Lean operating model and AI-driven process automation to be expanded in 2026.

• Medium-term targets: 15–20% annual revenue growth and increasing EBITDA margin.