MyHotelMatch (MHM) H2 2024 earnings summary

Executive summary

• 2024 marked a major strategic shift, with MyHotelMatch ceasing tech development, selling all subsidiaries, and refocusing on real estate, supported by its main shareholder OTT Héritage and exploring a merger with Courbet Héritage.

• The company faced significant going concern doubts, triggering auditor alerts and an emergency shareholder meeting to approve continued operations.

• Both NYS and MHM Labs were divested in December 2024, with all group activities now consolidated under the parent company.

• The year ended with a net loss, continued erosion of equity, and no dividend distribution.

Financial highlights

• Consolidated revenue for 2024 was €62k, up from €42k in 2023 (restated).

• Net loss (group share) was €1.28m in 2024, compared to €3.2m in 2023 (restated).

• Operating loss from continuing operations was €829k, with an additional €523k loss from discontinued activities.

• Total assets dropped to €523k at year-end 2024 from €6.9m at end-2023, reflecting the sale of subsidiaries.

• Equity was negative at -€3.27m at 31 Dec 2024, further deteriorating from -€1.75m a year earlier.

Outlook and guidance

• The company plans to focus on real estate, leveraging synergies with Courbet Héritage, aiming for a more stable and profitable model.

• OTT Héritage has committed to short-term financial support to ensure liquidity during the transition.

• Management expects the strategic refocus and merger to strengthen financial structure and long-term prospects.