Alan Allman Associates: Half-year revenue down 5.8%, decline eases in Q2
Alan Allman Associates published its first-half 2026 activity on August 26, 2026, marked by a decline in consolidated revenue.
Behind this overall decline lies a quarterly inflection: the decline eases in the second quarter compared to the first, as the consulting group continues the refocusing initiated in summer 2025.
€158.5M over the half-year, decline reduced to 4.7% in Q2
In the second quarter of 2026, Alan Allman Associates achieved consolidated revenue (unaudited) of €79.1M, down 4.7% at constant exchange rates compared to the second quarter of 2025. This performance follows a first quarter 2026 decline of 6.8% at constant exchange rates.
For the full first half of 2026, consolidated revenue stands at €158.5M, down 5.8% at constant exchange rates. Adjusted for discontinued activities in 2025 (the E.Magineurs group, which represented €756k in revenue in 2025), the decline stands at 5.4% at constant exchange rates.
North America and Asia-Pacific drive sequential improvement
By region, Europe achieved €39.7M in the second quarter and €81.4M over the half-year, down 5.5% (4.7% excluding discontinued activities). The group notes that the Iberian peninsula continues its organic growth, while in France the decline includes the cessation of the licensing model since the end of the first half of 2025.
North America reached €35.0M in the second quarter, down 3.7% at constant exchange rates, following a decline of 6.7% in the first quarter, which the group describes as the strongest sequential improvement. Over the half-year, the region stands at €69.0M (decline of 5.2%).
Asia-Pacific achieved €4.4M in the second quarter, compared to €3.7M in the first, representing a sequential rebound of nearly 20%, but a decline of 10.8% compared to the second quarter of 2025. The group also won a multi-year contract in Australia worth more than AUD 7.7M over a five-year period.
Objective of −3% to +1% growth in the second half
The group attributes this first half to the optimization plan initiated in 2025, aimed at refocusing activity on its strategic business lines and improving profitability.
For the second half of 2026, Alan Allman Associates has set an objective for revenue growth of between −3% and +1% at constant exchange rates compared to the second half of 2025. This objective reflects, according to the group, the continuation of the progressive improvement in its activity trajectory.
