Hypoport (HYQ) Q3 2025 earnings summary

Executive summary

• Revenue increased 12% year-over-year to €459 million for the first nine months of 2025, with gross profit up 16% to €197 million and EBIT more than doubling to €24 million, reflecting strong operational leverage.

• Growth was primarily driven by Real Estate & Mortgage Platforms, with strong performance in private mortgage volumes, valuation services, and market share gains among cooperative and savings banks.

• All core segments contributed to growth, with digitalisation, efficiency measures, and ERP solutions supporting profitability despite mixed market conditions.

• The group benefited from increased transaction volumes, digital product launches (Europace One, OneClick), and expanded platform integration.

• Full-year 2025 outlook was revised downward due to underperformance in a pooling entity, but management expects continued record earnings growth.

Financial highlights

• EBITDA rose 32% year-over-year to €50 million; EBIT more than doubled to €24 million; net profit attributable to shareholders up 118% to €16 million.

• Real Estate & Mortgage Platforms: Revenue €354 million (+15%), gross profit €122 million (+20%), EBIT €33 million (+58%).

• Financing Platforms: Revenue €59 million (+9%), gross profit €50 million (+13%), EBIT €3.8 million (+20%).

• Insurance Platforms: Revenue €45 million (down 6%), gross profit €24 million (up 2%), EBIT -€0.4 million.

• Q3 2025 revenue was €154 million, up 11% from Q3 2024; Q3 net profit was €5.1 million, up 193%.

Outlook and guidance

• Full-year 2025 revenue guidance lowered to at least €600 million (previously €640 million), gross profit to at least €260 million (previously €270 million), and EBIT forecast maintained at €30–36 million.

• Management expects continued double-digit market share and profit growth in normal market phases and aims to outperform the 2021 record year.

• Platform expansion and digital product launches are expected to drive future revenue and efficiency gains.