Hypoport (HYQ) Q2 2026 earnings summary

Executive summary

• Group revenue rose 5% year-over-year to €319 million in H1 2026, with gross profit up 5% to €138 million and EBIT up 20% to €19.3 million, reflecting solid performance and margin improvements across all segments.

• All three operating segments—Real Estate & Mortgage Platforms, Financing Platforms, and Insurance Platforms—contributed to growth in gross profit and EBIT.

• Significant market share gains in mortgage finance at regional banks, despite a contracting overall market.

• The first quarter benefited from a sharp rise in interest rates due to geopolitical tensions, leading to a pull-forward of transactions and a subsequent slowdown in Q2.

• Good performance in housing sector and corporate finance business models, even amid weak market conditions.

Financial highlights

• Group revenue: €319 million (+5% yoy); gross profit: €138 million (+5% yoy); EBITDA: €36.1 million (+8% yoy); EBIT: €19.3 million (+20% yoy); net profit: €12.9 million (+19% yoy); EPS: €1.96 (+27% yoy).

• EBIT margin improved to 14.1% (+1.8pp yoy); equity ratio rose to 57.7% from 54.9% at year-end 2025.

• Real Estate & Mortgage Platforms: gross profit €85 million (+4% yoy), EBIT €23.9 million (+4% yoy).

• Financing Platforms: gross profit €34 million (+5% yoy), EBIT €2.4 million (+35% yoy).

• Insurance Platforms: gross profit €17 million (+10% yoy), EBIT €1.1 million (positive swing from -€0.3 million yoy).

Outlook and guidance

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

• Gross profit forecast for 2026: at least €280 million.

• Doubling of EBIT gross profit margin targeted by 2029, with continued gross profit growth.

• Seasonality expected, with significant EBIT contribution in Q4.

• Insurance Platforms anticipate ongoing gross profit growth with EBIT just into positive territory.