French consulting group Alan Allman Associates has reported a drop in revenue for 2025, while its net loss narrowed slightly.
The company posted consolidated revenue of €330.4m, down from €374.3m in 2024. Its net result remained in the red at -€10.4m, compared with a loss of -€10.8m a year earlier.
The group said the main shift came from its geographic performance. Activity in Europe fell sharply, while North America remained broadly stable at constant exchange rates. In contrast, Asia-Pacific recorded strong growth.
It also said it had continued to refocus its business by ending offers seen as non-strategic. This, it added, had started to improve the quality of its portfolio.
Operationally, earnings declined. Operating profit from activity stood at €28.7m, down from €34.8m in 2024. Recurring operating profit fell to €16.0m from €21.0m, while overall operating profit remained positive at €1.9m, compared with €3.3m the previous year.
Cash flow from operations improved to €32.3m, up from €22.2m. However, consolidated equity dropped to €41.2m from €55.2m, and total assets fell to €310.2m from €346.1m.
The group also introduced a €60m global factoring programme. It replaces several existing schemes in France and Belgium and extends to North America and the Iberian Peninsula. The company said it is considering expanding the programme to other regions, mainly in Asia-Pacific.
In Morocco, where the group already operates, there were no major changes. The accounts confirm the inclusion of two Casablanca-based entities, Alan Allman Associates Maroc, fully owned, and People 4 Help Morocco, controlled at 90%. Their contribution to revenue or profit was not disclosed.
After the end of the financial year, the company said it had received several refinancing offers. These were still under review at the time the accounts were approved, as it seeks the option best suited to its structure, value creation and cash flow.
