Hotel101 Global Holdings (HBNB) H2 2024 earnings summary

Executive summary

• Completed a business combination on June 30, 2025, resulting in a new holding structure and Nasdaq listing under ticker HBNB.

• Hotel101 Global Holdings Corp. now owns Hotel101 Global and JVSPAC as wholly-owned subsidiaries.

• The group operates in the hospitality sector with recent expansion agreements in Saudi Arabia and Spain.

Financial highlights

• Pro forma combined total assets as of December 31, 2024: $96.6 million.

• Pro forma total equity: $11.6 million; pro forma total liabilities: $84.9 million.

• Pro forma net loss for the year ended December 31, 2024: $54.4 million.

• Pro forma revenue for 2024: $5.9 million, with a gross margin of $2.6 million.

• 234,152,398 ordinary shares outstanding as of July 7, 2025.

Outlook and guidance

• If 2025 consolidated revenue reaches at least $113.25 million, up to 500,000 bonus shares may be issued to directors, executives, and employees.

• Management expects continued expansion and operational improvements, with forward-looking statements subject to significant risks.