Alan Allman Associates Reports a 9.4% Decline in Revenue in 2025
The international consulting group recorded a revenue of 330.4 million euros in 2025, down by 9.4% at constant exchange rates. This contraction reflects a strategic refocus on higher value-added activities initiated in the summer of 2025.
Q4 Financial Performance
In the fourth quarter of 2025, Alan Allman Associates generated a revenue of 81.3 million euros, a decrease of 10.4% at constant exchange rates compared to the same period in 2024. Excluding divestitures and at constant exchange rates, revenue fell by 9.2%. The group completed its integration and optimization plan initiated in the summer of 2025, which resulted in the gradual discontinuation of non-strategic and dilutive activities in terms of profitability. The focus on higher value-added expertise had a positive effect on profitability in the second half of 2025, with a more significant impact expected throughout 2026, subject to comparable market conditions.
Regional Sales Performance
The Asia-Pacific region showed a significant increase with a revenue of 4.2 million euros in the fourth quarter, up by 54.2%. North America saw a decline of 1.4%, while Europe experienced the most significant drop with a decrease of 19.8%. Jean-Marie Thual, the CEO, highlighted an increase in order intake by more than 22% and a rise in average daily rates by over 3% based on stable staffing levels. The shift in the business model to selling third-party licenses and products in France affected the activity by 900,000 euros in the fourth quarter. Three new contracts worth just under 1 million euros were signed through the Service Center, dedicated to IT, data, application support, and managed services.
Annual Financial Overview
For the entire year of 2025, the consolidated revenue amounted to 330.4 million euros. On a like-for-like basis, excluding divestitures from 2024 and discontinued activities, the revenue stood at 329.7 million euros, representing a change of minus 5.9%. The inter-contract rate was less than 3% for the nearly stable consulting staff throughout the year, excluding non-strategic activities. The group remains confident in its fundamentals, supported by the geographical diversification of its activities and the growth of high-growth areas.
