Slide 1: Hypoport SE Results for Q1–Q3 2025
Hypoport SE Results for Q1–Q3 2025
Slide 2: Profitable growth in disparate markets
Profitable growth in disparate markets Results for Q1–Q3 2025 (€ million, yoy*) (€ million) Group Real Estate & Financing Insurance Mortgage Platforms Platforms Platforms Revenue 459 +12% 354 +15% 59 +9% 45 -6% Gross 197 +16% 122 +20% 50 +13% 24 +2% profit EBITDA 50 +32% 44 +40% 8.3 +6% 4.5 -16% Q1–
Slide 3: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 4: Real Estate & Mortgage Platforms
Real Estate & Mortgage Platforms Business model & results Marketing Real Estate & Financing Finance (sales) Mortgage Platforms Platforms Finance (platform) Insurance Platforms Valuation Hypoport SE, Q1-Q3 results 2025 4
Slide 5: Excessive regulation in the rental market drives home ownership
Excessive regulation in the rental market drives home ownership Macroeconomic factors affecting mortgage finance 6 140 Interest (ten-year fixed rate, Europace average) Property prices (EPX hedonic, indexed) 5 130 4 New build 3 120 2 Existing housing stock 110 1 Apartments 0 100 260 130 Properties of
Slide 6: Plenty of untapped potential across all distribution channels
Plenty of untapped potential across all distribution channels Real Estate & Mortgage: finance market share, by distribution channel Q1-Q3 2016 (€176 billion) Q1–Q3 2025 (€182 billion) Cooperative Brokers Cooperative banks Brokers ~20% banks ~25% ~25–30% ~25–30% ~50% ~60% ~2% ~25% ~33% ~2% ~30% ~20%
Slide 7: Double-digit growth in a much brighter market environment
Double-digit growth in a much brighter market environment Real Estate & Mortgage: volume* of mortgage finance Europace total Finmas (savings banks) (€ billion) +18% (€ billion) +19% 85 73 77 8.7 66 7.3 54 52 57 10 48 10 9 8 7 6 2019 2020 2021 2022 2023 2024 9M/24 9M/25 2019 2020 2021 2022 2023 2024
Slide 8: Purchases of existing housing stock remain a key driver in 2025
Purchases of existing housing stock remain a key driver in 2025 Real Estate & Mortgage: finance*, by purpose 30 25 4 20 3 2 3 7 3 1 2 2 2 1 1 3 1 15 6 5 1 2 2 5 4 1 3 3 5 5 2 3 4 1 1 2 2 2 1 2 2 4 4 2 1 1 1 2 2 10 3 3 1 2 2 2 3 2 3 15 14 13 12 12 12 13 12 13 11 12 12 11 11 12 5 9 10 10 9 9 10 9 7 8
Slide 9: Closer integration and efficiency measures are proving effective
Closer integration and efficiency measures are proving effective Real Estate & Mortgage: property valuation (Value AG) Revenue from property valuation • Integration of digital products into Europace continues (€ million) +25% • Broad-based new client acquisition drive in 2024 & 2025, especially thro
Slide 10: Marked rise in gross profit and a disciplined approach to costs
Marked rise in gross profit and a disciplined approach to costs Real Estate & Mortgage Platforms: key figures* +15% • Slower growth in the low-margin pool business – due to Revenue (€ million) specific challenges faced by one strategic partner – is 354 308 holding back revenue growth • Gross profit
Slide 11: Financing Platforms
Financing Platforms Business model & results Housing sector Real Estate & Financing Corporate finance Mortgage Platforms Platforms Personal loans Insurance Platforms Hypoport SE, Q1-Q3 results 2025 11
Slide 12: Platformisation of the housing industry
Platformisation of the housing industry Financing (housing sector): digital business models Dr. Klein Wowi Finanz Dr. Klein Wowi Digital FIO Finance • WOWIFIN: Platform for calls for tender (DKWF) (DKWD) and financing processes • WOWICONTROL: Portfolio and business management for housing ACCOUNT com
Slide 13: Good results despite persistently weak market conditions
Good results despite persistently weak market conditions Financing (housing sector): key figures for Dr. Klein Wowi Volume of loans brokered (DKWF) Number of units managed through ERP (€ billion) (WOWIPORT) +63% (thousands) +21% 612 2.2 2.1 2.1 416 1.8 374 1.2 1.2 47 65 103 291 0.8 1.0 187 2019 2020
Slide 14: Subdued market waiting for political change to become manifest
Subdued market waiting for political change to become manifest Financing (corporate finance): key figures for REM Capital Billed project volume at REM Capital (€ billion) • Climate change mitigation and energy costs are driving a structural increase in appetite for funding on the part of German SMEs
Slide 15: Resilience in a weak market environment
Resilience in a weak market environment Financing (personal loans): key figures for personal loans via Europace Volume of personal loan transactions* • The overall volume of personal loans fell due to the (€ billion) prevailing macroeconomic conditions 0% • Platform business and white label offering
Slide 16: Growth despite lacklustre market conditions
Growth despite lacklustre market conditions Financing Platforms: key figures +9% • Sluggish market conditions and in some instances Revenue (€ million) 59 diminishing market volumes across all three product 54 groups (housing industry, corporate finance and personal loans) 9M/24 9M/25 • Nonetheless,
Slide 17: Insurance Platforms
Insurance Platforms Business model & results Personal insurance Real Estate & Financing Mortgage Platforms Occupationa Platforms l insurance Industrial insurance Insurance Platforms Hypoport SE, Q1-Q3 results 2025 17
Slide 18: Platformisation of the insurance industry
Platformisation of the insurance industry Insurance Platforms segment: business model End customers// B2B Underwriting agent Product suppliers employees & Distributors Poolers insurance platform companies Insur apps Insur apps Advisors in bank branches Sia Other SMART INSUR brokers Quality- pool DR.
Slide 19: Progress with migration to platforms
Progress with migration to platforms Insurance: volume managed on the platforms SMART INSUR – personal insurance (€ billion) ePension – occupational insurance (€ billion) +9% 5.0 +19% 4.7 4.6 3.8 4.1 2.7 3.4 2.5 1.8 1.8 2.0 0.1 0.1 0.1 0.2 0.2 0.3 0.26 0.31 1.5 2019 2020 2021 2022 2023 2024 9M/24 9M
Slide 20: Operating wins even before monetisation
Operating wins even before monetisation Insurance Platforms: key figures -6% • Growth rate of the overall insurance market has been Revenue (€ million) mostly lower than inflation for years 48 45 • High level of M&A transactions in the market is fuelling consolidation among distributors, putting add
Slide 21: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 22: Marked improvement in gross profit and EBIT
Marked improvement in gross profit and EBIT Overview of Hypoport’s results for Q1–Q3 (€ million, yoy*) Revenue (€ million) +12% Gross profit (€ million) +16% 459 410 197 171 9M/24 9M/25 9M/24 9M/25 EBITDA (€ million) +32% EBIT (€ million) +101% 38 24 12 9M/24 9M/25 9M/24 9M/25 * Adjusted to reflect
Slide 23: On track for record level of gross profit in 2025
On track for record level of gross profit in 2025 Long-term changes in gross profit and EBIT Established Start- Upscaling and Qualitative growth despite fin. up expansion in periods of crisis crisis Gross profit (€ million)* 249 241 209 197 24 50 3 1999 2006 2013 2021 2023 2024 9M/25 EBIT (€ million
Slide 24: Contents
Contents 1. Segments 2. Group 3. Outlook Annex
Slide 25: Sparse rental supply is pushing up real estate purchases
Sparse rental supply is pushing up real estate purchases The drivers of growth in the mortgage finance market 160 Market of the future Properties offered for sale in Germany Rental supply in Germany • Regulation is reducing tenant turnover 140 in the existing rental housing stock (lock-in effect), t
Slide 26: Rising property prices are driving up the total lending volume
Rising property prices are driving up the total lending volume The drivers of growth in the mortgage finance market 220 7 Prices of existing apartments Market of the future Prices of existing houses 200 Cost of new builds 6 • Growing demand for housing due to Interest rates + immigration 5 + interna
Slide 27: Market volume still well below trend range
Market volume still well below trend range The drivers of growth in the mortgage finance market 150 Market of the future 140 • Properties offered in the rental market are losing appeal for medium-income 130 households, who are instead opting for home ownership 120 • Property prices are rising faster
Slide 28: Structural gains in market share
Structural gains in market share Volume of private mortgage finance in Germany Overall market (according to Bundesbank) • Structural gains in market share 230 Overall market (according to the Schufa credit bureau) among cooperative banks and Europace transaction volume savings banks +55% • Independe
Slide 29: Forecast for 2025
For years Forecast for 2025 For many more years Hypoport will generate Consolidated revenue to at Hypoport will generate double-digit percentage least €600 million and in gross double-digit percentage increases in market profit to at least €260 million; increases in market share share and thus, duri
Slide 30: Contact
Contact Jan H. Pahl Hypoport SE Head of Investor Relations Heidestrasse 8 Tel: +49 (0)30 420 86 1942 10557 Berlin Email: ir(at)hypoport.de Germany Click here to subscribe to the IR mailing list (German only) Click here to subscribe to the IR mailing list (English) Hypoport SE, Q1-Q3 results 2025 30
Slide 31: Disclaimer
Disclaimer This presentation does not address the investment objectives or financial situation of any particular person or legal entity. Investors should seek independent professional advice and perform their own analysis regarding the appropriateness of investing in any of our securities. While Hyp
Slide 32: Annex
Annex Hypoport SE, Q1-Q3 results 2025 32
Slide 33: Market capitalisation of just under €1 billion
Market capitalisation of just under €1 billion Shareholder structure and share information Breakdown of shareholders as at 31 October 2025 Key performance indicators KPI Details Value ~15% Number of Total number of shares 6,872,164 shares 32.4% Market capitalisation Market cap ~€0.8 bn as at 7 Novem
Slide 34: Share price performance superior to indices last 10 years
Share price performance superior to indices last 10 years Share price since the date of joining the SDAX (daily closing price, Xetra, €) HYQ SDAX MDAX % € 650 550 704 450 576 350 448 250 320 150 192 50 64 Oct Oct Oct Oct Oct Oct Oct Oct Oct Oct Apr Jul Apr Apr Apr Jul Jul Jul Apr Jul Apr Jul Apr Jul
Slide 35: Hypoport's investor relations activity
Hypoport’s investor relations activity Investor events, professional analysts’ assessments, awards Recommen- Target Recent IR events (conferences and roadshows) Analyst Date dation price Bankhaus Metzler Hold €155.00 29 Oct. 2025 Planned: Frankfurt, London, Paris 2025 Berenberg Buy €260.00 10 March
Slide 36: Investment highlights
Investment highlights ~15% GROWTH IN GROSS PROFIT 10-year 20+ YEARS CAGR of experience with platform- based business models ~10% EBIT INCREASE 10-year 80% OF OUR EMPLOYEES CAGR are satisfied or very satisfied with Hypoport 15+ ACQUISITIONS as an employer in 10 years Hypoport SE, Q1-Q3 results 2025 3
Slide 37: Digitalisation of private residential property purchases
Digitalisation of private residential property purchases Real Estate & Mortgage Platforms business model Distribution of B2B Property Consumers Broker CRM Poolers Product suppliers financial products lending marketplace valuation Online comparison Private sites commercial Other banks advisors EUROPA
Slide 38: Market volume still well below trend range
Market volume still well below trend range Volume of private mortgage finance in Germany 80 Freedom of movement for EU 70 employees Market growth driven by rising property prices; number of transactions virtually unchanged 60 Vacancy rates in Lack of growth stimulus in the market major cities coming
Slide 39: Home ownership is increasingly becoming the only viable option
Home ownership is increasingly becoming the only viable option Key reasons for home ownership and the macro-level drivers Housebuilding remains a heavily regulated Desire for home ownership remains high sector n Li Planning a family continues to be Transfer taxes on residential property have tio f e