Hypoport (HYQ) Q4 2025 Pre Recorded earnings summary

Executive summary

• Achieved profitable growth in 2025, with group revenue up 7% year-over-year to €603 million and gross profit up 10% to €266 million, driven by private mortgage and social housing business models.

• EBITDA rose 25% to €68 million, and EBIT surged 85% to €33 million, with EBIT margin rising from 7% to 12%.

• Consolidated result nearly doubled to €26 million, and EPS rose 109% to €3.87.

• Mortgage finance market showed signs of recovery, while ERP solutions for the housing industry experienced dynamic growth.

• Weakness persisted in personal loans, housing industry finance, and SME corporate finance.

Financial highlights

• Revenue: €603 million (+7% yoy); Gross profit: €266 million (+10% yoy); EBITDA: €68 million (+25% yoy); EBIT: €33 million (+85% yoy).

• Real Estate & Mortgage Platforms: Revenue €458 million (+9%), Gross profit €163 million (+12%), EBIT €42 million (+46%).

• Financing Platforms: Revenue €81 million (+8%), Gross profit €69 million (+12%), EBIT €7.5 million (+10%).

• Insurance Platforms: Revenue €63 million (-6%), Gross profit €33 million (+1%), EBIT €0.0 million (-98%).

• Earnings per share increased to €3.87 from €1.85, a 109% rise.

Outlook and guidance

• 2026 EBIT guidance: €40–55 million, driven by loss reduction in underperforming platforms, market share gains, and market development.

• 2026–2029: Modest mortgage market growth, low double-digit gross profit growth, and EBIT rising faster than gross profit.

• 2029 forecast: Doubling of EBIT gross profit margin versus 2025 and continued gross profit growth.

• Expects further market share gains among regional banks in 2026.