IT Link (ALITL) H2 2025 earnings summary

Executive summary

• Revenue for 2025 was €82.57M, nearly stable year-over-year, reflecting resilience despite a slight decline of 0.1%.

• EBITDA decreased by 18.1% to €6.28M, with margin dropping to 7.6% of revenue.

• Net income fell 33% to €2.7M, impacted by lower activity rates and unfavorable calendar effects.

• Operational performance was affected by a management transition and technical billing delays.

Financial highlights

• Operating income (EBIT) for 2025 was €4.06M, down 32.2% year-over-year.

• EBITDA margin declined from 9.3% to 7.6% year-over-year.

• Operating margin (current) dropped from 7.4% to 5.7% of revenue.

• Net cash at year-end 2025 was €3.8M, down from €5.2M, mainly due to delayed client payments.

Outlook and guidance

• Management targets a return to revenue growth in 2026, with an increase of 1–3% expected.

• Operational margin is targeted around 6% for 2026, with attention to macroeconomic and geopolitical risks.

• Strategic plan SYNERGIES 2028 aims for €100M+ revenue, 20% international sales, and profitability above 7%.