Alantra reports FY net profit of €7.1mn (+39.5%) and dividend of €0.15 per share (+87.5%)

Alantra’s Board of Directors has reported the results for the financial year 2024 and has agreed on the distribution of a €0.15 per share dividend for approval at the Annual General Meeting (AGM) on 29 April 2025.

2024 FY Financial Results

• The Group’s FY 2024 net revenues stood at €179.8mn (+1.1% YoY).
  • Financial Advisory revenues reached €146.6mn (+5.7% YoY). Alantra closed 195 deals in 2024 (compared to 196 in 2023), with 79 of those deals completed in Q4.
  • In Asset Management, management fees grew by 7.0%, to €32.2mn, supported by a €279mn increase in fee-earning Assets under Management.
    Total revenues declined to €33.1mn (-13.3%) due to a drop in performance fees (€0.9mn, compared to €8.1mn in 2023).

• Market conditions in 2024 remained challenging for the third consecutive year, with continued headwinds in both M&A activity and fundraising. While the easing of financing conditions signals a more supportive backdrop, short-term uncertainty—particularly around tariffs—is expected to weigh on activity. This has already been reflected in early indicators from the first quarter, especially in the United States.

• Alantra continued its strategic reorganization and transformation efforts, aiming to enhance integration and collaboration while also refreshing leadership in some of its key hubs. As a result, Fixed Personnel expenses and Other OPEX decreased by 6.1% to €137.7mn. At the same time, the Group invested in its professionals in anticipation of the market recovery, leading to a 41.7% increase in variable compensation to €43.7mn.

• FY 2024 net profit attributable to the parent company increased to €7.1mn (+39.5% YoY).

• The Group maintained a strong balance sheet, with €286.9mn of shareholders’ equity attributable to the parent company and no leverage. As of 31 December 2024, the Group had €121.0mn in cash, cash equivalents, and a monetary fund[1]. Alantra also held €48.6mn across a portfolio of investments in vehicles managed by the Group.

Dividend distribution

• The Board of Directors will propose to the AGM the distribution of €0.15 per share (+87.5% YoY), representing an 83% payout (compared to 60% in 2023).

Other proposals to the Annual General Meeting: Stock options plan and renewal of the Board of Directors

• The Board of Directors has approved a new stock option plan designed to align the interests of the Group’s executives with those of its shareholders. The plan will be allocated over the next three fiscal years and provides for a maximum of 1,590,000 shares, representing a potential dilution of up to 3.95% based on the current share capital. Vesting will be contingent upon the achievement of a minimum cumulative net profit over the vesting period, among other performance conditions.
• Finally, the Board of Directors will propose to the AGM the appointment of Jorge Eguidazu Ramírez as a proprietary director, representing the significant shareholder Certimab Control, SL. Bringing a new generational perspective, Jorge Eguidazu offers a strong academic background in finance and international experience at leading institutions in investment banking and asset management.
  His appointment will fill the vacancy created by the expiration of the term of Javier Carretero Manzano. After twelve years of distinguished service on the Company’s Board—first as a director at Dinamia and subsequently at Alantra—Javier Carretero ceased to qualify as an independent director in April 2024, transitioning to the category of “other external.” The Board would like to express its sincere gratitude for his outstanding commitment, valuable insights, and lasting contributions to the Group.
  

[1] €92.8mn of cash and cash equivalents and €28.2mn invested in a monetary fund included under non-current financial assets