LLYC is moving forward with its efficiency plan and laying the foundations for improved profitability

LLYC  has closed the first half of the year marked by operational reorganization and the implementation of a series of measures aimed at improving efficiency and increasing profitability. The goal is to be better positioned to face growth with solid margins, which in turn will strengthen the company’s financial solvency in line with its 2026-2027 strategic plan. As of June 30, the firm had already implemented 82.1% (92.07% as of September 30) of its €8.8 million efficiency plan. It expects to complete it by the end of the year.

During the first half of the year, audited figures show a reduction in revenue due to the business’s transition to an integrated Corporate Affairs and Marketing offering. This change reduced the volume of expenses and investments the company manages on behalf of its clients. Total income reached €53.6 million through June (-17.3% compared to the same period in 2015), while operating income stood at €40.1 million (-12.5%). Recurring EBITDA was €5.3 million (-33%), with a net loss of €0.6 million.

The impact of the cost efficiency plan measures over a full year (if they had been implemented from January 1, 2026) would imply achieving an EBITDA of 20.7 million euros in the full year, which would imply a margin of 25% on operating income.

“It has been a demanding first half of the year, marked by the transformation of our business model and organizational structure to optimize resources and simplify processes: a strategy that will allow us to gain agility in execution, channel our efforts towards where we generate the most value for our clients and profitability, and from there grow the business in a financially healthy way. The positive impact of these measures will be seen immediately in the results of the second half of the year and in 2027,” says Francisco Sánchez Rivas, Chairman of the Board of Directors of LLYC.

As of June 30, 2026, LLYC had a net financial debt of 36.2 million euros, which represents a net debt to EBITDA ratio of 3.2x.
 

Forecast update

 
Following the first half of the year, LLYC has decided to revise its forecasts for the full year. The company’s board of directors has revised its operating revenue estimate for the year-end, placing it between €81 million and €82.5 million. Recurring EBITDA is expected to reach €15.5 million, 12.3% higher than last year. The EBITDA margin is projected to increase from 15.4% in 2025 to between 18.8% and 19.1%.

Alejandro Romero, Partner and Global CEO of LLYC: “We are convinced that our strategy is correct. The measures we have implemented are already having a positive impact in the second half of 2026. Our focus is on increasing our profitability and protecting EBITDA. Additionally, we have launched a transformation plan in the United States that will allow us to increase our profitability in the country in the coming months. I want to thank our clients for their continued trust and our team for their efforts in ensuring that the company remains the benchmark in the sector.”

The board of directors of LLYC has accepted the departure of Hilario Albarracín, independent director and chairman of the Audit Committee, due to the temporary commitment required by his other professional and personal obligations.