Slide 1: Hypoport SE Results for H1 2026
Hypoport SE Results for H1 2026
Slide 2: Contents
Contents 1. Summary 2. Segments 3. Group 4. Outlook Annex
Slide 3: Profitable growth and improved margins
Profitable growth and improved margins Results for H1 2026 (€ million, yoy) (€ million) Group Real Estate & Financing Insurance Mortgage Platforms Platforms Platforms Gross profit 138 +5% 85 +4% 34 +5% 17 +10% EBIT 19.3 +20% 23.9 +4% 2.4 +35% 1.1 >+100% EBIT margin 14% +2pp 28% +0pp 7% +2pp 7% +9pp
Slide 4: Real Estate & Mortgage Platforms
Real Estate & Mortgage Platforms Business model & results Marketing Real Estate & Financing Loan brokerage Mortgage Platforms (sales) Platforms Loan brokerage (platform) Insurance Platforms Valuation Hypoport SE, H1 2026 results 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 builds 3 120 2 Existing housing stock 110 1 Apartments 0 100 280 140 260 Prope
Slide 6: Volume on a par with strong H1/25 due to jump in interest rates
Volume on a par with strong H1/25 due to jump in interests rates Real Estate & Mortgage: volume of mortgage finance* Europace total Finmas (savings banks) (€ billion) (€ billion) +0% +13% 85 77 75 66 38.3 38.3 6.6 52 11 5.8 10 9 10 7 2021 2022 2023 2024 2025 H1/25 H1/26 2021 2022 2023 2024 2025 H1/2
Slide 7: Largest volume still purchases; new builds picking up
Largest volume still purchases; new builds picking up Real Estate & Mortgage: mortgage finance, by purpose 30 25 4 20 3 2 2 3 7 3 1 1 2 2 1 1 3 1 1 4 1 15 6 5 1 2 5 4 1 3 2 5 5 3 3 3 4 4 1 1 3 2 2 2 1 2 2 4 4 2 1 1 1 2 10 2 3 3 1 2 2 2 3 2 3 15 14 14 13 12 12 12 13 12 13 12 11 12 12 11 11 12 5 10 10
Slide 8: Increase in gross profit and slightly improved margins
Increase in gross profit and slightly improved margins Real Estate & Mortgage Platforms: key figures* +3% • Slight contraction of Starpool’s pool business due to the Revenue (€ million) joint venture partner’s strategic realignment, which is 235 243 holding back gross profit growth in the segment •
Slide 9: Financing Platforms
Financing Platforms Business model & results Housing sector Real Estate & Financing Corporate finance Mortgage Platforms Platforms Personal loans Insurance Platforms Hypoport SE, H1 2026 results 9
Slide 10: 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 companies W
Slide 11: Good performance despite subdued market conditions
Good performance despite subdued market conditions Financing (housing sector): key figures for Dr. Klein Wowi Brokered mortgage finance Units in ERP under contract (WOWIPORT) (€ billion) (thousands) +29% +3% 665 734 2.1 2.1 568 1.4 0.6 0.6 415 1.2 1.2 103 291 187 2021 2022 2023 2024 2025 H1/25 H1/26
Slide 12: Good start to the year as a result of more active clients
Good start to the year as a result of more active clients Financing (corporate finance): key figures for REM Capital • Climate change mitigation, energy costs and competitive Billed project volume at REM Capital (€ billion) pressure are driving a structural increase in appetite for investment and th
Slide 13: Resilience in a solid market environment
Resilience in a solid market environment Financing (personal loans): key figures for personal loans via Europace • Despite the weak macroeconomic conditions, the total Volume of personal loan transactions* (€ billion) volume of new personal loans in Germany increased +11% slightly in H1 2026 • Platf
Slide 14: Organic growth in the absence of any significant market impetus
Organic growth in the absence of any significant market impetus Financing Platforms: key figures +5% • Market conditions remain sluggish for all three product Revenue (€ million) groups (housing industry, corporate finance and 39 41 personal loans) • Nonetheless, substantial increase in gross profit
Slide 15: Insurance Platforms
Insurance Platforms Business model & results Personal insurance Real Estate & Financing Mortgage Platforms Occupational Platforms insurance Industrial insurance Insurance Platforms Hypoport SE, H1 2026 results 15
Slide 16: Platformisation of the insurance industry
Platformisation of the insurance industry Insurance Platforms segment: business model End customers// B2B employees & Advisors/brokers Poolers Underwriting agent Product suppliers insurance platform companies Insur apps Insur apps Advisors in bank branches Sia Other SMART INSUR brokers Quality- pool
Slide 17: 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) +18% 5.9 +21% 4.7 5.6 5.0 3.8 4.1 3.4 1.9 2.6 0.1 0.2 0.2 0.3 0.3 0.3 0.4 2021 2022 2023 2024 2025 H1/25 H1/26 2021 2022 2023 202
Slide 18: Operating wins even before monetisation
Operating wins even before monetisation Insurance Platforms: key figures +13% • M&A activity in a sluggish insurance market is fuelling Revenue (€ million) consolidation among distributors, raising the pressure to 35 31 go digital and intensifying the need for platforms • Non-recurring effect in Q1/
Slide 19: Solid H1 with significant improvement in EBIT
Solid H1 with significant improvement in EBIT Overview of Hypoport’s results (€ million, yoy*) Revenue (€ million) +5% Gross profit (€ million) +5% 305 319 130 138 H1/25 H1/26 H1/25 H1/26 EBITDA (€ million) +8% EBIT (€ million) +20% 19 36 16 34 H1/25 H1/26 H1/25 H1/26 Hypoport SE, H1 2026 results 19
Slide 20: Europace is the ideal integration infrastructure
Europace is the ideal integration infrastructure Vision of the role of AI/agents in 2030 B2B Consumers AI agents Advisors/brokers 800 product suppliers lending marketplace Private Dr. commercial Klein banks Specialised AI Other Savings brokers EUROPACE banks Generative LLMs Advisors Cooperative in b
Slide 21: EBIT target range for 2026 dependent on three factors
EBIT target range for 2026 dependent on three factors Reconciliation of 2025’s EBIT to the guidance for 2026 EBIT (€ million) 55 4 to 6 5 to 6 -2 to +10 40 33 2025 Loss reduction Gains in market share Market growth 2026 Loss reduction in all three segments’ young platforms; property valuation (VALUE
Slide 22: Forecast for 2026 and up to 2029
For years Forecast for 2026 Forecast up to 2029 Hypoport has been Gross profit rising to at least Doubling of the generating double-digit €280 million and EBIT to €40– EBIT gross profit margin increases in market 55 million compared with 2025 and share and thus, in continued growth in gross normal m
Slide 23: 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, H1 2026 results 23
Slide 24: 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 25: Annex
Annex Hypoport SE, H1 2026 results 25
Slide 26: Just under 50% of the shares held by management & co.
Just under 50% of the shares held by management & co. Shareholder structure and share information Breakdown of shareholders as at 30 June 2026 Key performance indicators KPI Details Value Number of Total number of shares 6,872,164 ~17% shares 32.4% Market capitalisation as at Market cap ~€0.6 bn 7 A
Slide 27: Share price performance against the index over last 10 years
Share price performance against the index over 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 Okt Okt Okt Okt Okt Okt Okt Okt Okt Okt Apr Jul Apr Jul Apr Jul Apr Jul Apr Jul Apr Jul Apr
Slide 28: Hypoport's investor relations activity
Hypoport’s investor relations activity Investor events, professional analysts’ assessments, awards Recommend Target Recent IR events (conferences and roadshows) Analyst Date ation price Frankfurt, Hamburg, London, New York. Bankhaus Metzler Hold €87.00 28 July 2026 Planned: Frankfurt (2x), Hamburg,
Slide 29: Investment highlights
Investment highlights ~15% GROWTH IN GROSS PROFIT 10-year 25+ YEARS CAGR of experience with platform- based business models ~10% EBIT INCREASE 10-year CAGR 81% OF OUR EMPLOYEES are satisfied or very satisfied with Hypoport as 15+ ACQUISITIONS an employer in 10 years Hypoport SE, H1 2026 results 29
Slide 30: Digitalisation of private residential property purchases
Digitalisation of private residential property purchases Real Estate & Mortgage Platforms business model Distribution of B2B lending Property Consumers Broker CRM Poolers Product suppliers financial products marketplace valuation Online comparison sites Other advisors Private EUROPACE commercial Dr.
Slide 31: Regional banks still have significant untapped market potential
Regional banks still have significant untapped market potential Real Estate & Mortgage: mortgage finance market share, by distribution channel H1 2016 (€117 billion) H1 2026 (€120 billion) Brokers ~20% Cooperative Cooperative banks banks ~25% Brokers ~30–35% ~30% ~50% ~60% ~2% ~25% ~33% ~2% ~20% Pri
Slide 32: Market volume still well below trend range
Market volume still well below trend range Volume of private mortgage finance in Germany 80 Freedom of 70 movement for EU Market growth driven by rising property prices; employees number of transactions virtually unchanged 60 Vacancy rates in Lack of growth stimulus in the market cities coming down
Slide 33: 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 Transfer taxes on residential property have tio f Planning a family continues to be t
Slide 34: AI has been improving our platforms since 2017
AI has been improving our platforms since 2017 Examples and vision for the role of AI in Europace Examples of AI-based functions (since 2017) AI and Europace in 2030 • Indication of affordability and payment instalments • Partners use Europace via open APIs and MCP (#passt) • Integration in all cons
Slide 35: 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 Apartments offered for sale (number) • Regulation is reducing tenant Apartments offered to rent (number) turnover in the existing rental housing 140 stock (lock-in e
Slide 36: 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 • Growing demand for housing due to 6 200 Cost of new builds + immigration Interest rates + internal
Slide 37: 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 • Properties offered in the rental 140 market are losing appeal for medium-income households, who 130 are instead opting for home ownership 120 • Property prices are rising faster
Slide 38: 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 Overall market (according to the Schufa credit bureau) 230 among cooperative banks and Europace transaction volume savings banks 170 +49% • Indep
Slide 39: Continuous improvement in margins since 2023
Continuous improvement in margins since 2023 Long-term changes in gross profit and EBIT Established Upscaling and Qualitative growth Start-up despite fin. crisis expansion in periods of crisis Gross profit (€ million)* 249 266 241 138 209 24 50 3 1999 2006 2013 2021 2023 2024 2025 H1/26 EBIT (€ mill
Slide 40: Outlook for 2026–2029
Outlook for 2026–2029 Efficiency gains & Additional cost products & discipline increased integration Growing mortgage finance market Rising EBIT margin Hypoport SE, H1 2026 results 40