MyHotelMatch (MHM) H2 2025 earnings summary

Executive summary

• Reported no revenue for 2025, down from €207k in 2024, due to lack of business activity.

• Net loss narrowed to €479k in 2025 from €990k in 2024.

• Abandoned merger strategy with Courbet in September 2025; new management installed in February 2026 to develop a new strategy.

Financial highlights

• Revenue was €0 for 2025, compared to €207k in 2024.

• Net loss for 2025 was €479k, improved from €990k net loss in 2024.

• Total liabilities, including ORA, supplier payables, financial and other debt, stood at €4,057k.

Outlook and guidance

• Management is working on launching new activities or pursuing mergers and acquisitions.

• Strategy implementation is contingent on achieving a clean balance sheet and simplified capital structure.