Hypoport SE · XETR:HYQ
Hypoport — Q3 2026 Earnings Presentation
40 slides from Hypoport's earnings presentation, Nov 9, 2026
Slide 1: Hypoport SE Results for Q1–Q3 2026
Hypoport SE Results for Q1–Q3 2026
Slide 2: Contents
Contents 1. Summary 2. Segments 3. Group 4. Outlook Annex
Slide 3: Solid growth amid lacklustre market conditions
Solid growth amid lacklustre market conditions Results for Q1–Q3 2026 (€ million, yoy) (€ million) Group Real Estate & Financing Insurance Mortgage Platforms Platforms Platforms Gross profit 207 +5% 129 +6% 51 +2% 25 +5% EBIT 30 +27% 36 +10% 4 -6% 1 >+100% EBIT margin 15% +2pp 28% +1pp 7% -1pp 4% +6
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, results for Q1–Q3 2026 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 110 stock 1 Apartments 0 100 280 140 260 Prope
Slide 6: Strong gains in market share among regional banks
Strong gains in market share among regional banks Real Estate & Mortgage: volume of mortgage finance* Europace total Finmas (savings banks) (€ billion) (€ billion) +13% +0% 85 77 75 66 8.7 9.9 52 57.1 57.3 10 10 11 9 7 2021 2022 2023 2024 2025 9M/25 9M/26 2021 2022 2023 2024 2025 9M/25 9M/26 Dr. Kle
Slide 7: Largest volume still attributable to purchases of existing stock; new builds picking up
Largest volume still attributable to purchases of existing stock; new builds picking up Real Estate & Mortgage: mortgage finance, by purpose 30 25 5 20 3 3 1 1 3 7 4 2 3 1 1 2 1 1 3 1 1 4 15 3 6 5 1 1 3 3 2 3 3 3 4 5 6 5 5 1 3 5 2 2 1 2 4 4 1 1 1 10 3 2 2 1 2 2 2 14 14 13 14 13 12 12 12 13 12 12 12
Slide 8: Increase in gross profit and slightly improved margins
Increase in gross profit and slightly improved margins Real Estate & Mortgage Platforms: key figures* +4% • Starpool’s pool business is contracting due to the joint Revenue (€ million) venture partner’s strategic realignment and thus slightly 354 368 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, results for Q1–Q3 2026 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 overall, despite subdued market conditions
Good performance overall, despite subdued market conditions Financing (housing sector): key figures for Dr. Klein Wowi Brokered mortgage finance Units in ERP under contract (WOWIPORT) (€ billion) (thousands) +31% -2% 801 665 612 2.1 2.1 1.0 1.0 1.2 1.2 1.4 103 415 187 291 2021 2022 2023 2024 2025 9M
Slide 12: Solid performance amid lacklustre market conditions
Solid performance amid lacklustre market conditions 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 thus fun
Slide 13: Rising demand, but banks taking a more restrictive approach
Rising demand, but banks taking a more restrictive approach Financing (personal loans): key figures for personal loans via Europace • Despite the weak macroeconomic conditions, the total Volume of personal loan transactions* (€ billion) +10% market volume for new personal loans in Germany increased
Slide 14: Modest organic growth in the absence of market impetus
Modest organic growth in the absence of market impetus Financing Platforms: key figures +3% • Market conditions remain sluggish for all three product Revenue (€ million) groups (housing industry, corporate finance and 59 61 personal loans) • Nonetheless, substantial increase in gross profit in the 9
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, results for Q1–Q3 2026 15
Slide 16: Platformisation of the insurance industry
Platformisation of the insurance industry Insurance Platforms segment: business model End customers// employees & Advisors/brokers Poolers B2B Underwriting agent Product suppliers companies insurance platform 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) +17% 6.0 +23% 4.7 5.6 5.1 3.8 4.1 3.4 2.0 2.6 0.1 0.2 0.2 0.3 0.3 0.3 0.4 2021 2022 2023 2024 2025 9M/25 9M/26 2021 2022 2023 202
Slide 18: Operating wins even before monetisation
Operating wins even before monetisation Insurance Platforms: key figures +11% • M&A activity in a sluggish insurance market is fuelling Revenue (€ million) consolidation among distributors, raising the pressure to 45 50 go digital and intensifying the need for platforms • Recurring platform revenue
Slide 19: Solid growth of gross profit and a healthy rise in EBIT
Solid growth of gross profit and a healthy rise in EBIT Overview of Hypoport’s results (€ million, yoy*) Revenue (€ million) +5% Gross profit (€ million) +5% 480 197 207 459 9M/25 9M/26 9M/25 9M/26 EBITDA (€ million) +11% EBIT (€ million) +27% 30 56 50 24 9M/25 9M/26 9M/25 9M/26 Hypoport SE, results
Slide 20: 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 21: 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 22: 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, results for Q1–Q3 2026
Slide 23: 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 24: Annex
Annex Hypoport SE, results for Q1–Q3 2026 24
Slide 25: 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 31 October 2026 Key performance indicators KPI Details Value Number of Total number of shares 6,872,164 ~16% shares 32.4% Market capitalisation as at Market cap ~€0.6 bn
Slide 26: 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 Oct Oct Oct Oct Oct Oct Oct Oct Oct Oct Oct Apr Jul Apr Jul Apr Jul Apr Jul Apr Apr Jul Jul
Slide 27: 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 (2x), Hamburg (2x), London (2x), Munich, Bankhaus Metzler Hold €82.00 30 Sept 2026 New York 2026 Berenbe
Slide 28: 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, results for Q1–Q3 20
Slide 29: Digitalisation of private residential property purchases
Digitalisation of private residential property purchases Real Estate & Mortgage Platforms business model Broker CRM Distribution of B2B Property Consumers Poolers Product suppliers financial products lending marketplace valuation Online comparison Private sites commercial Other banks advisors EUROPA
Slide 30: 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 Q1–Q3 2016 (€182 billion) Q1–Q3 2026 (€179 billion) Brokers ~20% Cooperative Cooperative banks banks Brokers ~25% ~30–35% ~30% ~50% ~55% ~2% ~25% ~33% Privat
Slide 31: Market volume still well below the level of previous years
Market volume still well below the level of previous years 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 maj
Slide 32: 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 33: Europace is the ideal integration infrastructure
Europace is the ideal integration infrastructure Vision of the role of AI/agents in 2030 Consumers AI agents Advisors/brokers B2B 800 product suppliers lending marketplace Private Dr. commercial Klein banks Specialised AI Other Savings brokers EUROPACE banks Generative LLMs Advisors in Cooperative b
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 Market of the future Apartments offered for sale (number) 160 Apartments offered to rent (number) • Regulation is reducing tenant turnover in the existing rental housing stock 140 (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 Market of the future (with stable Prices of existing apartments Prices of existing houses interest rates) Cost of new builds 6 200 Interest rates • Rising demand for housing in m
Slide 37: Market volume expected to increase significantly until 2030
Market volume expected to increase significantly until 2030 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 130 medium-income households, who are instead opting for home 120 ownership • Property prices
Slide 38: Structural gains in market share
Structural gains in market share Volume of private mortgage finance in Germany Overall market (according to Bundesbank) • Gains in market share among Overall market (according to the Schufa credit bureau) 230 Europace transaction volume cooperative banks and savings banks +58% 170 • Continued struct
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)* 207 249 266 241 209 24 50 3 1999 2006 2013 2021 2023 2024 2025 9M/26 EBIT (€ mill
Slide 40: Outlook for 2026–2029: Rising EBIT margin
Outlook for 2026–2029 Efficiency gains & Additional cost products & discipline increased integration Growing mortgage finance market Rising EBIT margin Hypoport SE, results for Q1–Q3 2026 40