Slide 1: Preliminary Q4/FY 2025 Results Presentation
o ck i n g U n l i a l o t e nt new P Preliminary Q4/FY 2025 Results Presentation 26 February 2026
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer or invitation to sell or issue securities of the Company, nor should it be construed as an offer or invitation to purchase or subscribe for securities of the Company, nor should any part of it or the fact of its distribution be construed as p
Slide 3: Business & Market Update
Business & Market Update 3 Q4/FY 2025 Results | February 2026
Slide 4: Highlights
2025 2025 marks another successful year for Scout24, with strong financial performance and execution across customers, products and AI Highlights Best-in-class B2B subscription business delivering mid-teens growth and strong customer additions B2C subscriptions continue to scale, delivering overall
Slide 5: Strong product demand continues to drive growth
Strong product demand continues to drive industry-leading B2B customer growth; B2C growth in Q4 reflects one-off impacts Number of Number of 26.4 private customers professional customers 503.6 20.5 46.6 in k in k 2018 Q4/2025 2018 Q4/2025 Q4/2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q4/2024 Q1/2025 Q2/20
Slide 6: Stabilised transaction volumes and listings strength
Stabilised transaction volumes with continued listing strength and seasonal demand effects Scout24 Transaction Momentum1 and Listings2 Index Contact request to agents3 6 Q4/FY 2025 Results | February 2026 1 Index includes residential as well as commercial transactions, and is derived from various da
Slide 7: Strategic Update
Strategic Update 1 2 3 4 5 Accelerating AI-native search and Market-leading Structural margin Outperforming CMD execution of our audience extension software platform for expansion through 2024 targets — interconnectivity German agents technology and AI raising ambition at strategy CMD 2026 7 Q4/FY 2
Slide 8: Scout24 is the digital ecosystem for German real estate
1 Scout24 is the digital ecosystem for German real estate 20m ~25% of annual transactions in GER unique monthly users using a B2C subscription +41% CAGR signed-in +19% CAGR since 2024 users since 2024 26k B2B customers ~3.5m >18m >10% +4% CAGR since 2024 e-commerce of all properties in GER or c. 10%
Slide 9: AI fully integrated across search
2 AI fully integrated across search to enhance relevance and user experience AI Filter Search HeyImmo IS24 App integration into Semantic search Your specialised LLM for real estate ChatGPT HeyImmo – Your AI-Assistant 1–2 room apartment in Munich with balcony for Search sale or rent Ask me anything o
Slide 10: Propstack AI: The integrated operating system for agents
3 Propstack AI: The integrated operating system for real estate agents Core CRM Platform • Contact & lead management • Property & listing management From Workflow Automation • Deal & pipeline workflows to Agentic AI with Propstack • Leading CRM (~one-third market share, GER) • 13% AI OTP adoption ra
Slide 11: We use technology and AI to automate workflows
4 We use technology & AI to automate internal workflows and support margin expansion Investing into tech and AI to automate …enabling us to generate efficiency on internal workflows… the personnel side 5% 0% 96 96 96 CAGR CAGR 20 20 22 in EUR m in EUR m Personnel costs as % of IT costs as % of total
Slide 12: Preview: Capital Markets Day 2026
5 Preview: Capital Markets Day 2026 – Building the next chapter of Scout24 Updated Strategic Framework Next Evolution of the AI as Structural Advantage Ecosystem Reflecting Scout24’s structural role Embedding AI across our platform Deepening interconnectivity and in German real estate and proprietar
Slide 13: Key Takeaways
Key Takeaways Our ecosystem is stronger Interconnectivity strategy than ever — gaining market proves that innovation, FY 2025 delivered at scale share, growing across technology investment and stakeholders and increasing margin expansion go hand in engagement hand With this foundation, we AI is alre
Slide 14: Financial Update
Financial Update 14 Q4/FY 2025 Results | February 2026
Slide 15: Financial Metrics Dashboard
Financial Metrics Dashboard Revenue (EUR m) ooEBITDA (EUR m) +14.7% +16.7% +16.5% 649.6 566.3 +13.0% 405.7 348.1 ooEBITDA 106.1 146.7 165.7 91.0 +1.0pp margin (%) 61.5% 62.5% +2.0pp 64.1% 62.0% Q4 2024 Q4 2025 FY 2024 FY 2025 Q4 2024 Q4 2025 FY 2024 FY 2025 adjusted EPS (EUR) Operating cash flow (EU
Slide 16: Professional segment delivers resilient growth
Professional segment delivers resilient mid-teens growth driven by B2B subscriptions Strong subscription growth on reported and organic basis EUR m Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change Continued customer growth in Professional revenue 120.5 106.2 +13.5% 470.5 409.9 +14.8% Germany of 5.1% (i
Slide 17: Private segment performs strongly
Private segment performing strongly, driven by subscriptions and accelerating PPA growth High-teens subscription growth driven by strong demand for Plus EUR m Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change products Private revenue 45.2 40.5 +11.6% 179.0 156.4 +14.5% Customer base expands strongly Sub
Slide 18: Sustained margin expansion
Sustained margin expansion supported by operating Personnel costs organically flat leverage and disciplined cost growth YoY; increase driven by acquisition integration EUR m Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change Revenue 165.7 146.7 +13.0% 649.6 566.3 +14.7% Marketing costs organically flat,
Slide 19: Adjusted EPS growth driven by operations
Adjusted EPS growth driven by operations; basic EPS boosted by tax benefit EUR m Q4 2025 Q4 2024 Change FY 2025 FY 2024 Change Non-operating effects detailed on ooEBITDA 106.1 91.0 +16.7% 405.7 348.1 +16.5% next page Non-operating effects -21.6 -13.9 -55.7 % -64.4 -46.9 -37.4 % Financial result impr
Slide 20: Non-operating effects and adjusted net income
Non-operating effects reflect increased SBC and higher M&A expenses for successful earn-outs Non-operating costs increased, EUR 3.47 driven by higher SBC and M&A- Adjusted related earn-out expenses EUR 3.33 EPS reflecting the strong performance Reported EPS of Sprengnetter and neubau kompass (EUR m)
Slide 21: Strong FY 2025 cash generation
Strong FY 2025 cash generation, with double-digit FCF growth 49.6 (EUR m) 240.0 30.9 11.1 253.1 -30.3 -48.3 Net income D&A Capitalised assets & IFRS Non-cash tax impact Changes working capital Net financial impact Free cash flow 16 leasing & provisions Free cash flow development +13% 253.1 223.2 Fre
Slide 22: Leverage down to 0.36x
Leverage down to 0.36x from strong cash generation, increased buy-back activity in Q4 Capital Returns (EUR m) Leverage 0.55 95.4 0.53 87.9 0.47 49.4 0.42 36.6 0.40 21.8 24.4 23.5 0.38 0.38 16.7 13.4 14.8 0.36 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2024 Q2 2024 Q3 2024 Q4
Slide 23: Guidance 2026
Guidance 2026 revenue growth of 16-18% 6-7 New increased thereof Spain / M&A percentage points mid-term margin target ooEBITDA margin up to 61% will be provided organic at CMD 2026 ooEBITDA margin up to 64% 23 Q4/FY 2025 Results | February 2026
Slide 24: Capital Markets Day
SAVE THE Capital DATE Markets Day 12 May 2026
Slide 25: Q&A
Q&A 25 Q4/FY 2025 Results | February 2026
Slide 26: Q1 2026 results and Capital Markets Day
Q1 2026 results – 29 April 2026 Capital Markets Day – 12 May 2026 Filip Lindvall – Vice President Group Strategy & Investor Relations ir@scout24.com