Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — H1 2026 Earnings Presentation
25 slides from Alantra Partners Sa's earnings presentation, July 2026
Slide 1: 2026 H1 Results Presentation
2026 H1 Results Presentation July 2026
Slide 2: Index
Index 1 Group Highlights 2 Investment Banking 3 Asset Management 4 Annex
Slide 3: 1. Group Highlights
1 1. Group Highlights 3
Slide 4: H1 2026 Key figures
1. H1 2026 Key figures Attributable Net Revenues Expenses Balance Sheet Profit €94.0mn €66.3mn €7.4mn €70.1mn (+9.8% YoY) (+2.6% YoY) (+22.9% YoY) In Excess Cash Attributable to the Fixed Expenses1 Parent Company €7.9mn (+42.5% YoY) €71.7mn (+10.9% YoY) €21.0mn From Ordinary Net Profit €57.5mn In In
Slide 5: Simplified consolidated P&L
2. Simplified consolidated P&L Total Group Total Group € mn H1 2025 H1 2026 Δ YoY (%) Investment Banking 64.6 71.7 10.9% Asset Management 18.9 18.2 (3.8%) Management Fees 17.3 16.6 (4.2%) ▪ The Group’s H1 net revenues increased to €94.0mn (+9.8% YoY) Success Fees 1.6 1.6 (0.3%) Others 2.1 4.2 100.7%
Slide 6: Consolidated balance sheet as of 30th June 2026
3. Consolidated balance sheet as of 30th June 2026 in € mn 31/3/2026 30/06/2026 Δ QoQ (%) Non-Current Assets 277.1 287.2 3.6% Treasury and financial assets - €110.3mn Non-Current Financial Assets 42.7 65.3 53.0% 1.Monetary fund (€51.4mn). At Fair Value with Changes in Profit1 34.9 57.2 1 64.0% 2. Ca
Slide 7: Attributable Excess Cash to the Parent Company as of 30th June 2026
4. Attributable Excess Cash to the Parent Company as of 30th June 2026 Attributable excess cash to the Parent company Attributable Excess Cash to the Parent Company as of 30th of June 2026 (€ mn) Impact from ACP’s divestment (23.2) +116.0 +12.6 (39.2) (13.6) 162.9 110.3 83.7 70.1 Treasury and Financ
Slide 8: 2. Investment Banking
2 2. Investment Banking 8
Slide 9: The market: Investment Banking
1. The market: Investment Banking ▪ Global M&A activity continued to recover in H1 2026, although the improvement was uneven. Deal value below $1bn recorded its weakest Q2 since 2023, highlighting that the recovery has yet to broaden across the core mid-market, whereas >$1bn transactions reached the
Slide 10: Alantra's Financial review: Investment Banking
2. Alantra’s Financial review: Investment Banking ▪ Investment Banking continues to improve vs last year despite subdued mid-market M&A activity and elevated geopolitical uncertainty. Revenues increased by 10.9% YoY, supported by a c.5% increase in average fees as the business maintained its focus o
Slide 11: Alantra's Business Performance: Investment Banking
3. Alantra’s Business Performance: Investment Banking Key Highlights Deals by Country (#) #71 €10bn 13% 11% Deals H1 20261 Transacted in IB in H1 2026 27% 27% ▪ During the first half of 2026, Alantra continued to build on the momentum achieved in 2025, advising clients in a challenging market where
Slide 12: Investment Banking activity review
4. Investment Banking activity review Strategic senior hires Selected Announced Transactions during H1 2026 In the first half of the year, Alantra reinforced its leadership team with three 2026 2026 2026 2026 new senior team members, bringing deep sector and product expertise to further strengthen k
Slide 13: 3. Asset Management
3 3. Asset Management 13
Slide 14: The market: Asset Management
1. The market: Asset Management ▪ The Alternative Asset Management industry continues to consolidate, with fundraising increasingly concentrated among larger managers in an increasingly selective fundraising environment for mid-sized firms. ▪ European fundraising declined (-38% YoY), driven by a sha
Slide 15: Alantra's Financial review: Asset Management
2. Alantra’s Financial review: Asset Management Asset Management P&L Asset Management H1 Overview € mn H1 2025 H1 2026 Δ YoY % ▪ Amid a challenging market environment marked by the weakest H1 Management Fees 17.3 16.5 (4.6%) in fundraising since 2023, Alantra has achieved a sustained Performance Fee
Slide 16: Business Performance: Asset Management
3. Business Performance: Asset Management Key highlights in Alantra Asset Management Direct Investments Fee Earning AuMs as of Q2 2026 (€ mn) -2.5% YoY ▪ Access Capital Partners divestment expected to be closed in H2 2026. 2,633 2,567 ▪ Health in Code continuation vehicle closed, oversubscribed (€15
Slide 17: 4. Annex
4 4. Annex 17
Slide 18: Consolidated H1 2026 income statement
Annex I. Consolidated H1 2026 income statement Thousands of Euros H1 2025 H1 2026 Var. % Net Income Investment Banking 64,628 71,656 10.9% Asset Management 18,890 18,167 (3.8%) Management fees 17,292 16,574 (4.2%) Success fees 1,598 1,593 (0.3%) Others 2,089 4,193 100.7% Total Net Income 85,607 94,0
Slide 19: Consolidated balance sheet as of 30th June 2026
Annex II. Consolidated balance sheet as of 30th June 2026 ASSETS LIABILITIES AND EQUITY Thousands of Euros 31/3/2026 30/06/2026 Thousands of Euros 31/3/2026 30/06/2026 EQUITY 333,272 315,410 EQUITY ATTRIBUTABLE TO THE PARENT ENTITY 300,112 285,047 SHAREHOLDERS EQUITY 283,168 268,954 Capital 115,894
Slide 20: Consolidated H1 2026 income statement by segment
Annex III. Consolidated H1 2026 income statement by segment Investment Banking Asset Management Structure Others Consolidation Adjustments Total Group Thousands of Euros 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/2026 30/06/2025 30/06/202
Slide 21: Glossary (i)
Annex IV. Glossary (i) Identified Business Segments “Business Segments” refers to each operating segment identified and classified as such by Alantra that (a) engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions w
Slide 22: Glossary (ii)
Annex IV. Glossary (ii) Alternative Performance Measures “Alternative Performance Measures (APM)“ are defined as financial metrics of past or future performance, financial position, or cash flows that are not defined or specified within the applicable financial reporting framework. “Fee Business Net
Slide 23: Glossary (iii)
Annex IV. Glossary (iii) “Cash and liquid assets” are defined as cash and other financial assets that are readily convertible into cash. This includes the total amount reported under “Cash and cash equivalents”, as well as other current and non-current financial assets that meet the criteria of imme
Slide 24: Disclaimer
Disclaimer Alantra Partners, S.A. publishes this presentation solely and exclusively for information purposes. This presentation does not constitute an offer to subscribe, buy or sell securities issued by Alantra Partners, S.A., or any other securities in any jurisdiction. Any information and foreca
Slide 25: Contact
Contact Eduardo González Arias & Ignacio Valera Investor Relations Tel.: +34 917 458 484 investors@alantra.com I www.alantra.com POSSIBILITY IS IN THE ASCENT Alantra is an independent global financial services firm that provides investment banking and asset management services to companies, families