Llorente & Cuenca SA (LLYC) reported operating income of €45.8 million for the first half of 2025, representing a 6.1% increase compared to the same period in the previous year. Total income was €64.8 million, reflecting a 0.8% decline year over year. Recurring EBITDA reached €7.9 million, up 15%, while net profit stood at €5.9 million. As of June 30, 2025, the company reported €8.7 million in cash and €35.4 million in net financial debt, resulting in a Net Debt-to-EBITDA ratio of 1.9x. In the first half of 2025, 49% of operating income and 67% of recurring EBITDA came from Corporate Affairs, while Marketing accounted for 51% of operating income and 33% of recurring EBITDA. By region, Europe contributed 41% of operating income and 47% of EBITDA; Latin America contributed 35% and 23%, respectively; and the United States accounted for 24% of operating income and 30% of EBITDA. During the period, LLYC acquired a 60% stake in Digital Solvers in Brazil and completed the acquisition of the remaining 30% of Lambert. The company also sold its remaining 10% stake in beBartlet. New clients in Corporate Affairs included L'Oréal, McDonald's, and Redeia, while UBS was among new clients in Marketing. LLYC also entered into a cross-disciplinary collaboration agreement with Central Michigan University.