Alantra Partners Sa · BME:ALNT
Alantra Partners Sa — H1 2025 Earnings Presentation
24 slides from Alantra Partners Sa's earnings presentation, July 2025
Slide 1: 2025 H1 Results Presentation
2025 H1 Results Presentation July 2025
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 2025 Key figures
1. H1 2025 Key figures Attributable Net Revenues Expenses Balance Sheet Profit €85.6mn €64.6mn €6.0mn €111.1mn1 (+13.0% YoY) (-7.7% YoY) Cash and liquid assets (+98.3% YoY) Fixed Personnel expenses and and Other OPEX €66.7mn (+9.6% YoY) €48.9mn In Investment Banking revenues €16.9mn across a portfol
Slide 5: Simplified consolidated P&L
2. Simplified consolidated P&L (€ mn) Total Group Total Group H1 2024 H1 2025 Δ YoY (%) Investment Banking 60.9 66.7 9.6% ▪ The Group’s H1 net revenues grew by 13.0% YoY to €85.6mn. Asset Management 14.6 18.9 29.2% Management Fees 14.6 17.3 18.3% ▪ Investment Banking revenues grew by 9.6% YoY to Suc
Slide 6: Consolidated balance sheet as of 30th June 2025
3. Consolidated balance sheet as of 30th June 2025 in €mn 31/3/2025 30/6/2025 Δ YoY (%) Non-Current Assets 273.3 257.0 (6.0%) Non-Current Financial Assets 38.5 35.9 (6.7%) At Fair Value with Changes in Profit 30.5 31.3 2.5% A Fair Value with Changes in Other 1.8 1.5 (15.9%) Comprehensive Income At A
Slide 7: 2. Investment Banking
2 2. Investment Banking 7
Slide 8: The market: Investment Banking
1. The market: Investment Banking ▪ The M&A market in the first half of 2025 continues to face headwinds, with declining deal volumes, concentrated deal values, and sector-specific challenges1. ▪ While some sectors and regions show resilience, the overall landscape suggests a cautious approach among
Slide 9: Alantra's Financial review: Investment Banking
2. Alantra’s Financial review: Investment Banking ▪ Despite challenging market conditions, Investment Banking revenues increased by 9.6% YoY, reaching €66.7mn. This top-line growth, combined with a 5.8% reduction in total expenses (10.4% reduction in fixed remuneration and 13.6% reduction in other o
Slide 10: Alantra's Business Performance: Investment Banking
3. Alantra’s Business Performance: Investment Banking Key Highlights Deals by country (#) #60 +€10bn 20% 18% Deals closed Transacted in H1 2025 IB in H1 2025 18% 27% US & ME & RoW ▪ Alantra delivered solid business performance in Investment Banking during H1 Spain 26% 2025, by leveraging its global
Slide 11: Investment Banking activity review
4. Investment Banking activity review Strategic senior hires Selected Announced Transactions during H1 2025 In the first half of the year, Alantra reinforced its leadership team with four 2025 2025 2025 2025 new senior team members, bringing deep sector and product expertise to further strengthen ke
Slide 12: 3. Asset Management
3 3. Asset Management 12
Slide 13: The market: Asset Management
1. The market: Asset Management ▪ The Alternative Asset Management industry is undergoing the weakest years in terms of fundraising and exits. ▪ Global fundraising has dropped over 13% YoY, with Venture Capital dropping by 40% in the same period. Infrastructure has been the only asset class to grow
Slide 14: Alantra's Financial review: Asset Management
2. Alantra’s Financial review: Asset Management Asset Management Revenues Asset Management H1 Overview ▪ Amid a challenging market environment marked by one of the weakest years in fundraising, Alantra has achieved a strong €mn H1 2024 H1 2025 Δ YoY % performance, increasing revenues by 29.2% to €18
Slide 15: Alantra's Business Performance: Asset Management
3. Alantra’s Business Performance: Asset Management Fundraising Net FAUM growth EQMC Key Senior Hires ▪ As a result of the H1 2025 return (7.2%), EQMC has accrued +€250mn a performance fee of €1.6mn. Controlling business1 +€151mn Steve Horley Private Debt +€500mn Energy Transition Controlling busine
Slide 16: 4. Annex
4 4. Annex 16
Slide 17: Consolidated H1 2025 income statement
Annex I. Consolidated H1 2025 income statement as of 30th June 2025 Thousands of Euros H1 2024 H1 2025 Var. % Net Income Investment Banking 60,851 66,704 9.6% Asset Management 14,622 18,890 29.2% Management fees 14,622 17,292 18.3% Success fees - 1,598 n.a. Others 305 13 (95.7%) Total Net Income 75,
Slide 18: Consolidated balance sheet as of 30th June 2025
Annex II. Consolidated balance sheet as of 30th June 2025 ASSETS LIABILITIES AND EQUITY Thousands of Euros 31/3/2025 30/6/2025 Thousands of Euros 31/3/2025 30/6/2025 EQUITY 317,431 308,722 EQUITY ATTRIBUTABLE TO THE PARENT ENTITY 286,640 278,930 SHAREHOLDERS EQUITY 271,791 267,132 Capital 115,894 11
Slide 19: Consolidated H1 2025 income statement by segment
Annex III. Consolidated H1 2025 income statement by segment Investment Banking Asset Management Structure Others Consolidation Adjustments Total Gorup 30/06/2024 30/06/2025 30/06/2024 30/06/2025 30/06/2024 30/06/2025 30/06/2024 30/06/2025 30/06/2024 30/06/2025 30/06/2024 30/06/2025 Revenue 60,851 66
Slide 20: 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 21: 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 22: 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 23: 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 24: 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