HomeToGo : Q1 statement / Q1 financial report 2026 (LU2290523658 Q1 2026 EQ E 00)

About this update from Hometogo Se

‌HomeToGo reports strong i HomeToGo reports €7.2M (21.0%) improvement of Adjusted EBITDA in Q1/2026 on a like-for-like basis In the first three months of 2026 HomeToGo on a statutory basis reported an increase of I FRS Revenues by 71.5% YoY to EUR 59.0 million, which was driven by the consolidation of Interhome, Europe's second-largest vacation rental management company. On a like-for-like basis 1 IFRS Revenues in Q1/2026 remained stable at EUR 59.0 million compared to EUR 59.0 million in Q1/2025, resulting from two opposing effects. While IFRS Revenues in our HomeToGo_PRO segment on a like-for-like basis increased significantly by EUR 4.3 million or 12.6% to EUR 38.9 million, the IFRS Revenues for our Marketplace segment declined by EUR 5.0 million or 19.4% to EUR 20.7 million driven by a 20% reduction in advertising spending and an ongoing shift from Advertising to Booking (Onsite). The Group's Adjusted EBITDA reached EUR (26.8) million, reflecting an improvement of 4.0% YoY on a statutory basis, while the Adjusted EBITDA margin improved strongly by +35.8pp on the back of the consolidated revenue growth. On a like-for-like basis our Adjusted EBITDA significantly improved by EUR 7.2 million or 21.0% from EUR (34.0) million in the prior-year period to EUR (26.8) million in Q1/2026. This development was driven by significant improvements in profitability in both the HomeToGo_PRO and Marketplace segments as well as the first materialization of synergies from the integration of Interhome and demonstrates the successful implementation of the Group's change in strategy. Management remains focused on the execution of its strategic roadmap for 2026: (i) finalizing the Interhome integration and reaching EUR 10 million of annualized cost synergies, (ii) further strategic M&A in its HomeToGo_PRO segment, (iii) harmonization of brands within the Group, (iv) driving operational excellence, especially marketing efficiency, in the Marketplace segment and (v) maintaining AI leadership. Business segment highlights: The HomeToGo_PRO segment, which encompasses Property Management Services for Vacation Rentals in Europe and B2B Software Solutions for the vacation rental market, saw on a statutory basis a year-on-year increase in IFRS Revenues of 304.0% to EUR 38.9 million, and now contributes 66% of the Group's total IFRS Revenues. This strong growth was primarily driven by a 690.0% YoY increase in Volume-based IFRS Revenues, which was mainly attributable to the consolidation of Interhome. O n a like-for-like basis, IFRS Revenues in our HomeToGo_PRO segment increased significantly by EUR 4.3 million or 12.6%. As in every year t he segment's profitability was impacted by seasonal managed-business patterns as well as the first-time consolidation of Interhome in a Q1 period, resulting in a decrease of the segment's Adjuste d EBITDA by (30.3)% YoY to EUR (6.7) million on a statutory basis. The like-for-like Adjusted EBITDA of HomeToGo_PRO improved by EUR 4.5 million or 39.8% YoY. The Marketplace segment, HomeToGo's AI-powered B2C platform, implemented its revised strategic priority to prioritize profitability over topline growth. In the first three months of 2026, Booking Revenues declined by (9.1%) YoY to EUR 61.5 million, while IFRS Revenues saw a more significant contraction of (19.4%) YoY to EUR 20.7 million, primarily due to a 20% reduction in advertising spending and an ongoing shift from advertising revenue to onsite revenue . The deliberate reduction in advertising spending led to a 11.8% YoY improvement in Adjusted EBITDA, reaching EUR (20.1) million in Q1/2026. 1 Due to the fact that the acquisition of Interhome was closed as of August 28, 2025 the Interhome business is not included in the Q1/2025 comparative figures on a statutory basis. To present a like-for-like comparison we provide the an Adjusted Profit and Loss Statement on a pro forma basis in section 1.1. Financial Performance of the Group, which presents the Group's performance as if Interhome would have contributed to the Group's profit and loss already as of January 1, 2025. Cash: HomeTo Go maintained a robust position with Cash and cash equivalents of EUR 87.8 million at the end of Q1/2026. This represents a sequential decrease of EUR (3.7) million compared to the end of year 2025, mainly attributable to the typical seasonality in our business model, the planned payment of the deferred purchase price for the Interhome acquisition as well of the successful refinancing of its loan facility through the issuance of a Nordic Bond. HomeToGo at a Glance KPIs (EUR thousands) Q1/2026 Q1/2025 y/y Change HomeToGo Group IFRS Revenues 59,039 34,422 71.5 % Adjusted EBITDA (26,848) (27,975) 4.0 % Adjusted EBITDA margin (45.5)% (81.3)% +35.8 pp Net income (loss) (49,809) (38,730) (28.6) % Free Cashflow (FCF) (635) (13,851) 95.4 % Equity 2 186,501 230,806 (19.2) % Equity ratio 2 30.7 % 37.4 % (6.8)pp Cash and cash equivalents-other highly liquid short-term financial assets 2,3 87,831 91,553 (4.1) % Employees (end of period) 2 1,482 1,536 (3.5) % HomeToGo_PRO Q1/2026 Q1/2025 y/y Change IFRS Revenues 38,937 9,638 304.0 % Subscriptions 6,904 5,583 23.7 % Volume-based 32,033 4,055 690.0 % Adjusted EBITDA (6,742) (5,175) (30.3) % Adjusted EBITDA margin (17.3)% (53.7)% +36.4 pp HomeToGo Marketplace Q1/2026 Q1/2025 y/y Change Booking Revenues 61,487 67,627 (9.1) % Booking (Onsite) 40,206 40,235 (0.1) % Advertising 21,281 27,392 (22.3) % IFRS Revenues 20,653 25,623 (19.4) % Booking (Onsite) 11,623 12,101 (4.0) % Advertising 9,030 13,522 (33.2) % Adjusted EBITDA (20,105) (22,800) 11.8 % Adjusted EBITDA margin (97.3)% (89.0)% (8.4)pp Onsite Take Rate 12.8 % 13.1 % (0.3)pp Booking Revenue Backlog (Marketplace) 75,415 74,667 1.0 % Number of Bookings (Onsite) (in thousands) 294,733 306,126 (3.7) % 2 As of March 31,2026 and December 31, 2025 respectively 3 Includes restricted cash and cash equivalents of EUR 5.1 million as of March 31, 2026 (December 31, 2025 : EUR 6.7 million) ‌Content Interim Group Management Report Financial Performance of the Group 6 Cash Flows 12 Financial Position 13 Outlook and Guidance 14 Interim Consolidated Financial Statements Consolidated Statements of Comprehensive Income 16 Consolidated Statements of Financial Position 17 Consolidated Statements of Cash Flows 18 Service Glossary 19 Financial Calendar 22 Imprint 22 ‌Report on economic position ‌Financial Performance of the Group‌‌ In Q1/2026, the HomeToGo Group's financial results were significantly shaped by the second full-quarter consolidation of Interhome. Compared to Q1/2025, IFRS Revenues in Q1/2026 increased by EUR 24.6 million, reaching EUR 59.0 million, representing a year-over-year increase of 71.5%. This growth was driven by the inorganic effect of the Interhome acquisition (consolidated as of August 28, 2025), which also significantly altered the Group's revenue composition. The HomeToGo_PRO segment , which includes Property Management Services for Vacation Rentals in Europe and B2B Software Solutions for the vacation rental market, reported IFRS Revenues of EUR 38.9 million in Q1/2026, representing a 304.0% increase compared to the same period in the previous year. This development was mainly driven by the segment's volume-based IFRS revenues (+690.0% YoY in Q1/2026), r eflecting the inclusion of Interhome's managed business. The Subscription business within HomeToGo_PRO recorded an increase of of 23.7% YoY during the first quarter of the year. During the first quarter of 2026, the Marketplace segment , which comprises HomeToGo's AI-powered B2C platform, reported Booking Revenues of EUR 61.5 million, representing a decline of (9.1%) compared to Q1/2025, which reflects the deliberate strategic reduction in marketing investment which had been previously announced to the capital markets in October 2025 . The Booking Revenues Backlog stood at EUR 75.4 million, a year-over-year increase of 1.0%. IFRS Revenues for the segment were EUR 20.7 million, a year-over-year decline of (19.4%). The decrease is primarily attributable to the strategic decision to prioritize profitability over topline growth for the Marketplace segment by reducing marketing expenditures as well as to the ongoing managed shift from Offsite to Onsite revenue. Consequently, IFRS Revenues from the Advertising business decreased by (33.2%) year-over-year in Q1/2026. The Booking (Onsite) business also saw a slight topline contraction, with IFRS Revenues decreasing by (4.0%). The Onsite Take Rate reached 12.8% in Q1/2026, (0.3pp) compared to the previous year period. During Q1/2026, the average basket size increased by 3.2% YoY. This increase was driven by higher Average Daily Rates (ADR) in most regions despite a general reduction in Length of Stay (LOS). Group profitability improved compared to the previous year period, with Adjusted EBITDA increasing by 4.0% YoY to EUR (26.8) million in Q1/2026. The improvement was primarily driven by a strong margin expansion within the HomeToGo_PRO segments, overall cost discipline, and higher economies of scale on the back of the Interhome consolidation. Marketing efficiency continued to improve, which resulted in a materially reduced marketing and sales cost ratio of (76.2)% in Q1/2026, down from (138.4)% in the previous year period, primarily due to the lower marketing intensity in the Marketplace segment and the changed revenue mix following the Interhome consolidation. In conjunction with the improvement in the absolute Group's Adjusted EBITDA, the Adjusted EBITDA margin for the first quarter of 2026 increased significantly by +35.8pp YoY to (45.5)%. Profitability in Q1 is typically the lowest during the financial year, as we recognize most of our marketing and sales spending as well as the generated Booking Revenues during the first half of the year, with most of our travelers having booked their holidays with check-in dates, which determine the IFRS Revenues realization, in the second half of the year, particularly the summer travel high season months of July through September. At the segment level, Adjusted EBITDA for the Marketplace segment improved by EUR 2.7 million or 11.8% YoY, reaching EUR (20.1) million in Q1/2026. HomeToGo_PRO's Adjusted EBITDA margin improved strongly by +36.4pp despite the higher absolute seasonal loss ((30.3%) YoY) on the back of increased scope of business following the Interhome acquisition. Both the Marketplace as well as the vo lume-based revenues from the PRO segment, are driven by the seasonal pattern of the IFRS Revenues recognition with its peak in the summer months and the marketing expenses in the winter/sprin g months. The Adjusted EBITDA of the Subscription business within the HomeToGo_PRO segment, however, remains relatively steady throughout the year. Adjusted Consolidated Statements of Comprehensive Income: in EUR thousands Q1/2026 Q1/2025 y/y Change IFRS Revenues 59,039 34,422 71.5 % Cost of revenues 4 (16,904) (1,097) (1440.9)% Gross profit 42,135 33,324 26.4 % Product development and operations 5 (12,929) (7,972) (62.2)% Marketing and sales 4 (45,009) (45,265) 0.6 % General and administrative 4 (10,901) (8,349) (30.6)% Other expenses 4 (748) (320) (133.8)% Other income 4 604 607 (0.5)% Adjusted EBITDA (26,848) (27,975) 4.0 % Share-based payments (4,707) (4,650) (1.2)% One-off items (1,531) (1,746) 12.3 % EBITDA (33,086) (34,370) 3.7 % Depreciation of PP&E (1,807) (2,391) 24.4 % Amortization of Intangible assets (1,785) (933) (91.3)% Amortization of fair value step-ups from M&A (5,444) (1,091) (399.0)% Impairments - (23) 100.0 % EBIT (42,122) (38,808) (8.5)% Net financial result (7,964) 82 (9812.2)% EBT (50,086) (38,726) (29.3)% Income taxes 277 (4) 7025.0 % Net income (loss) (49,809) (38,730) (28.6)% *Refer to 2.1. Consolidated Statements of Comprehensive Income for the full consolidated statements of comprehensive income incl. the allocation of income (loss) to the non-controlling interests. 4 Adjusted for depreciation and amortization 5 Adjusted for depreciation and amortization, share-based compensation and one-off items Adjusted EBITDA reconciliation (in EUR thousands) Q1/2026 Q1/2025 y/y change Income (loss) from operations (42,122) (38,808) (8.5) % Depreciation and amortization 9,035 4,438 (103.6) % EBITDA (33,086) (34,370) 3.7 % Share-based compensation 4,707 4,650 (1.2) % thereof: Product development and operations 1,521 1,717 11.4 % Marketing and sales 376 363 (3.6) % General and administrative 2,810 2,570 (9.3) % One-off items 1,531 1,746 12.3 % thereof: Amortization of fair value step down on vouchers and advance payments received 269 269 0.0 % Mergers & acquisitions 5 1,158 99.5 % Reorganization & restructuring 1,272 275 (363.0) % Other (15) 45 407.9 % Adjusted EBITDA (26,848) (27,975) 4.0 % Adjusted EBITDA margin (45.5)% (81.3)% +35.8 pp The Group's acquisition of Interhome in Q3/2025 led to an increase in cost of revenues which rose by EUR 15.8 million to EUR 16.9 million for Q1/2026 year-on-year, leading to a corresponding increase in the cost ratio by 25.4pp 6 . Similar to Kraushaar, Interhome offers vacation rental property management services, including among other services especially cleaning and laundry. The respective expenses for these services are presented in cost of revenues with a total amount of EUR 7.6 million. Furthermore, cost of revenues include expenses for payment provider services in the amount of EUR 1.2 million. 7 Cost of revenues also include personnel expenses related to cleaning and laundry services in the amount of EUR 5.0 million in Q1/2026 (Q1/2025: nil) which are incurred as part of Interhome's tour operator business model. Product development and operations expenses increased by 62.2% from EUR 8.0 million in Q1/2025 to EUR 12.9 million in Q1/2026. The increase can be mainly attributed to the increase in personnel expenses which rose by EUR 3.7 million as a result of the increased scope of consolidation. The increase in personnel expenses was slightly offset by a change in presentation of expenses for property management services by EUR 0.4 million that are shown in cost of revenues since Q3/2025 and were shown under product development and operations expenses in Q1/2025. The adjusted cost ratio in relation to IFRS Revenues slightly improved by 1.3pp compared to prior-year period to 21.9% 8 in Q1/2026 resulting from economies of scale. Marketing and sales expenses slightly increased by EUR 0.3 million compared to Q1/2025. The increase can be attributed to the increase in personnel expenses from EUR 2.9 million in Q1/2025 to EUR 4.7 million in Q1/2026 due to the increased scope of consolidation. The increase in personnel expenses was almost offset by the decrease in performance marketing expenses from EUR 41.7 million in Q1/2025 to EUR 39.8 million in Q1/2026. The decrease in performance marketing expenses results from the conscious decision by the Management 6 Adjusted for depreciation and amortization 7 As a part of the IFRS conversion for Interhome, it was assessed that the expenses related to vacation rental property management and payment provider services are better presented in cost of revenues. Hence, a change in presentation was made for these costs in Q3/2025. The prior-year period expenses for vacation rental property management services amounting to EUR 0.4 million in Q1/2025 were presented under product development and operations. The prior-year period expenses for payment provider services amounting to EUR 0.3 million in Q1/2025 were presented under general and administrative 8 Adjusted for expenses for share-based compensation, depreciation and amortization Board to prioritize profitability over growth on the Marketplace and led to a further significant improvement in the respective cost ratio by 55.3pp compared to 76.2% 9 in Q1/2026. General and administrative expenses increased from EUR 8.3 million in the prior-year period to EUR 10.9 million in Q1/2026. The increase can be attributed to higher personnel expenses which increased by EUR 2.4 million to EUR 6.8 million in Q1/2026 as well as an increase in license expenses which increased by EUR 0.5 million in Q1/2026. The increase can be mainly attributed to the increased scope of consolidation from the acquisition of Interhome. The respective adjusted cost ratio in relation to IFRS Revenues improved by 7.5pp 10 in Q1/2026. The net financial result decreased significantly from EUR 0.1 million in Q1/2025 by EUR (8.0) million to EUR (8.0) million in Q1/2026. It comprises nominal interest expenses related to the old loan amounting to EUR 1.2 million as well as interest expenses related to the new Nordic Bond that was issued on February 24, 2026 amounting to EUR 0.6 million in Q1/2026 while in prior-year period nominal interest expenses in total amounted to EUR 0.2 million. The decrease in net financial result can be further attributed to the full amortization of the remaining transaction costs in the amount of EUR 3.2 million related to the old loan that was drawn for the acquisition of Interhome in August 2025. These transaction costs had to be fully amortized in Q1/2026 due to the early repayment of the old loan as a prerequisite of the issuance of the new Nordic Bond. Interest expenses also include EUR 1.3 million in relation to the unwinding of the discount on the deferred consideration for the acquisition of Interhome. The total finance expenses were slightly offset by interest income earned during Q1/2026 in the amount of EUR 0.2 million. Due to the fact that the acquisition of Interhome was closed as of August 28, 2025 the Interhome business is not included in the Q1/2025 comparative figures on a statutory basis. To present a like-for-like comparison we provide the following Adjusted Profit and Loss Statement on a pro forma basis, which presents the Group's performance as if Interhome would have contributed to the Group's profit and loss already as of January 1, 2025. Pro Forma Adjusted Profit and Loss Statements: in EUR thousands Q1/2026 Q1/2025 HTG + Interhome (Pro Forma Combined) y/y Change IFRS Revenues 59,039 59,041 - % Cost of revenues 9,11 (16,904) (16,227) (4.2)% Gross profit 42,135 42,814 (1.6)% Product development and operations 9 (12,929) (12,646) (2.2)% Marketing and sales 9 (45,009) (53,073) 15.2 % General and administrative 9 (10,901) (12,439) 12.4 % Other expenses (748) (991) 24.5 % Other income 604 2,337 (74.2)% Adjusted EBITDA (26,848) (33,998) 21.0 % Adjusted EBITDA margin (45.5)% (57.6)% +10.3pp On a like-for-like basis IFRS Revenues in Q1/2026 remained stable at EUR 59.0 million compared to EUR 59.0 million in Q1/2025, resulting from two opposing effects. While IFRS Revenues in our HomeToGo_PRO segment on a pro forma basis increased significantly by EUR 4.3 million or 12.6% to EUR 38.9 million, the IFRS Revenues on our Marketplace declined by EUR 5.0 million or 19.4% to EUR 20.7 million due to the Group's change in strategy 9 Adjusted for expenses for share-based compensation, depreciation and amortization 10 Adjusted for expenses for share-based compensation, depreciation and amortization and one-off items 11 For better comparison Pro Forma Combined figures have been adjusted with regard to the reclassification of payment provider fees and cleaning services to cost of revenues from general and administrative EUR 0.3 million and product development & operations EUR 0.4 million respectively. on the Marketplace towards a strong prioritization of profitability over top-line growth as well as an ongoing shift from Advertising to Booking (Onsite). Cost of revenues on a like-for-like basis increased slightly by EUR 0.7 million or 4.2% compared to Q1/2025. This slight increase mainly results from the further adoption of HomeToGo Payment by our Partners in our Marketplace business , which led to an increase of expenses for payment provider services by EUR 0.5 million. At the same time the roll-out of HomeToGo Payment leads to an improvement of our working capital structure as the Payment product allows us to have access to our commission and use this liquidity directly after booking date. Costs for product development and operations only increased slightly by EUR 0.3 million (2.2%) from EUR 12.6 million in Q1/2025 to EUR 12.9 million in Q1/2026 on a like-for-like basis. This slight increase mainly derives from the net effect of EUR 0.2 million driven by an increase of personnel expenses and a decrease of expenses for external services relating to Interhome. As part of the carve-out and integration, Interhome has already terminated several Transition Service Agreements (TSAs) with its former shareholder Hotelplan and transferred some of the Hotelplan staff to Interhome. While the expenses for the former group charges were partially reflected in other profit and loss line items, the increase in personnel expense is mainly reflected in product development and operations as the new roles were allocated to those specific cost centers. On a like-for-like basis marketing and sales significantly decreased by EUR 8.1 million or 15.2% from EUR 53.1 million in Q1/2025 to EUR 45.0 million in Q1/2026. Advertising spending was significantly reduced by EUR 8.1 million which demonstrates the successful implementation of the Group's change in strategy on the Marketplace towards a strong prioritization of profitability over top-line growth. General and administrative costs decreased by EUR 1.5 million or 12.4% from EUR 12.4 million in the prior-year period to EUR 10.9 million in Q1/2026 on a like-for-like basis. This decrease was mainly driven by two opposing effects. While a reduction in expenses for consulting and third-party services of EUR 2.3 million was reached in relation to the integration of Interhome and the termination of TSAs, an increase of EUR 0.8 million in wages and salaries compared to Q1/2025 led to the overall net reduction in general and administrative costs of EUR 1.5 million. As a function of the strong improvement in our cost structure our Adjusted EBITDA significantly improved by EUR 7.2 million or 21.0% from EUR (34.0) million in the prior-year period to EUR (26.8) million in Q1/2026 on a like-for-like basis. This development demonstrates the successful implementation of the Group's change in strategy on the Marketplace towards a strong prioritization of profitability over top-line growth and the progress we have already made on the integration of Interhome with the accompanying materialization of synergies. ‌Cash Flows‌ The liquidity and the financial development of HomeToGo are presented in the following condensed statements of cash flows: Condensed Statements of Cash Flows (in EUR thousands) Q1/2026 Q1/2025 Adjusted 12,13 Cash and cash equivalents at the beginning of the period 91,553 70,790 Cash flow from operating activities 2,583 (10,798) Cash flow from investing activities (23,507) (38,156) Cash flow from financing activities 17,173 81,511 Foreign currency effects 28 (116) Cash and cash equivalents at end of the period 14 87,831 103,231 Other highly liquid short-term financial assets - 40,160 Cash position 13 87,831 143,391 In Q1/2026, HomeToGo's operating activities led to a net cash inflow of EUR 2.6 million (Q1/2025: EUR (10.8) million). The increase in operating cash flow in Q1/2026 compared to Q1/2025 results from our strongly improved working capital structure that was primarily driven by the first-time consolidation of Interhome and the further roll-out of our payment product. The net cash outflow from investing activities in Q1/2026 amounts to EUR (23.5) million (Q1/2025: EUR (38.2) million and reflects mainly the payment of the first tranche of the deferred consideration in the amount of EUR (10.9) million related to the acquisition of Interhome in 2025 as well as the deposit into an escrow account in the amount of EUR 9.8 million for the second tranche of the deferred consideration which only becomes due in Q1/2027. Cash outflows from investing activities further include capitalized software development costs of EUR (2.7) million (Q1/2025: EUR (2.7) million). In Q1/2026, the cash flow from financing activities amounted to EUR 17.2 million (Q1/2025: EUR 81.5 million) and mainly included the net cash inflows of EUR 95.9 million from the issuance of the Nordic Bond. Cash outflows in Q1/2026 primarily comprised the repayment of the old loan in relation to the financing of the acquisition of Interhome in the amount of EUR (75.0) million, payments of the principal portion of lease liabilities in the amount of EUR (1.1) million as well as cash outflows for interest in the amount of EUR (2.6) million. Overall, our cash position (consisting of cash and cash equivalents) decreased by EUR (4.0) million during Q1/2026, resulting in a carrying amount of EUR 87.8 million as of March 31, 2026. Overall the cash position remains comfortable and enables us to continue investing through the cycle and to finance the growth of our business in both a flexible organic and inorganic manner. 12 Interest received as well as interest and other finance costs paid were reclassed from operating activities to investing and financing activities respectively. 13 Vendor loan repayment in Q1/2025 related to the acquisition of Getaway group was reclassified from cash flow from financing activities to investing activities. 14 Includes restricted cash and cash equivalents of EUR 5.1 million as of March 31, 2026 (March 31, 2025: EUR 3.6 million). ‌Financial Position‌ The Group's financial position is shown in the following condensed statements of financial position: (in EUR thousands) Mar 31, 2026 Dec 31, 2025 change Non-current assets 484,003 80 % 483,507 78 % +496 - % Current assets 124,290 20 % 132,847 22 % (8,557) (6)% Total assets 608,293 100 % 616,354 100 % (8,061) (1)% Equity 220,717 36 % 265,796 43 % (45,079) (17)% Non-current liabilities 215,038 35 % 172,730 28 % +42,308 +24 % Current liabilities 172,538 28 % 177,828 29 % (5,290) (3)% Total equity and liabilities 608,293 100 % 616,354 100 % (8,061) (1)% The Group's non-current assets increased slightly at the end of Q1/2026, compared to the year-end 2025, which can be mainly attributed to the recognition of a derivative financial asset resulting from the issuance of a Nordic Bond (March 31, 2026: EUR 3.3 million), which was offset by the amortization charges recorded for the intangible assets during the first three months of 2026 . Current assets as of March 31, 2026, decreased compared to December 31, 2025, mainly due to a decrease in trade and other receivables by EUR 13.1 million during the first three months of 2026, which was driven by the seasonality of our business, which typically leads to lower outstanding receivables following the first quarter of the year. Furthermore, the Group's cash position, (consisting of cash and cash equivalents and other short-term highly liquid financial assets) decreased from EUR 91.6 million as of December 31, 2025, to EUR 87.8 million as of March 31, 2026. Refer to section 1.2. Cash Flows for details on the significant effects leading to the decrease of the Group's cash position. These effects were partially offset by the increase in other financial assets by EUR 9.7 million during the first three months of 2026, which was mainly driven by an additional escrow account worth EUR 9.8 million (2025:nil) that serves as security for the Group's obligations regarding the Nordic Bond. The Group's non-current liabilities increased to EUR 215.0 million as of March 31, 2026, up from EUR 172.7 million as of December 31, 2025. This is primarily due to the increase in borrowings from EUR 49.4 million as of December 31, 2025 to EUR 99.5 million as of March 31, 2026, driven by two significant opposing effects: The repayment of the loan in relation to the financing of the acquisition of Interhome in the amount of EUR 75 million (non-current portion as of December 31, 2025: EUR 49.4 million) and the issuance of a Nordic Bond in the amount of EUR 101.0 million (carrying value as of March 31, 2026: EUR 99.5 million). Additionally, other financial liabilities decreased by EUR 7.2 million, driven by the first repayment of the deferred consideration in the amount of EUR (10.9) million related to the acquisition of Interhome in 2025 and a reclassification from non-current to current other financial liabilities. Current liabilities decreased from EUR 177.8 million as of December 31, 2025 to EUR 172.5 million in the three months ended March 31, 2026. The current portion of the loan facility described above was repaid and led to a decrease in borrowings in the amount of EUR 22.4 million. The seasonal rise in travel activity led to an increase in trade payables from EUR 45.6 million to EUR 53.2 million as well as an increase in contract liabilities from EUR 53.7 million to EUR 66.8 million. Overall Assessment The Management Board views the business development in the first three months of 2026 as positive. HomeToGo achieved substantial increases in IFRS Revenues by significantly growing its HomeToGo_PRO segment. HomeToGo's Adjusted EBITDA improved compared to the prior-year period, driven by the focus on marketing efficiency and acquisition-related profitability gains. ‌Outlook and Guidance‌ Following a transformative 2025, 2026 marks the first full financial year with Interhome being fully consolidated, significantly shaping HomeToGo's Group profile and operational focus. While the vacation rental market continues to demonstrate resilience on a sector-wide basis, we remain prudent in our outlook for the upcoming months. We continue to monitor the geopolitical environment closely, especially the ongoing conflict in the Middle East, and its potential influence on traveler sentiment. HomeToGo's financial guidance for 2026 takes into account the macroeconomic uncertainty and potentially negative global economic consequences stemming from this conflict. Furthermore, our outlook also considers the heightened volatility in foreign exchange markets - particularly the CHF/EUR exchange rate, which has become the Group's primary currency pair following the integration of Interhome. For the 2026 financial year, the HomeToGo Group expects to maintain its trajectory of profitable growth. IFRS Revenues are projected to grow by more than 55%, reaching a range of EUR 400.0 to 410.0 million. Driven by ongoing cost control, realized synergies from the Interhome acquisition, and enhanced marketing efficiency, we aim to increase Group Adjusted EBITDA to between EUR 45.0 and 47.0 million (representing growth of >240% YoY). Guidance based on statutory financials for FY/26 Guidance FY/26 IFRS Revenues EUR 400 - 410 million %, YoY change >55% YoY Adjusted EBITDA EUR 45 - 47 million %, YoY change >240% YoY HomeToGo maintains full confidence in its mid-term growth trajectory and the synergy potential following the consolidation of Interhome. To achieve these ambitions, we will continue to focus on scalable growth opportunities, operational excellence, and fast integration of Interhome to unlock the expected synergy potential. Overall, the financial performance and position show that at the time of preparing the three months report for the fiscal year 2026 , the economic condition of the Group remains good. Luxembourg, May 12, 2026 Management Board of HomeToGo SE Dr. Patrick Andrae Wolfgang Heigl Co-Founder & CEO Co-Founder & CSO Valentin Gruber Sebastian Bielski COO CFO ‌Interim Condensed Consolidated Financial Statements ‌Consolidated Statements of Comprehensive Income‌ (in EUR thousands) Q1/2026 Q1/2025 IFRS Revenues 59,039 34,422 Cost of revenues (20,307) (2,637) Gross profit 38,733 31,785 Product development and operations (14,844) (9,923) Marketing and sales (49,398) (48,015) General and administrative (16,598) (13,270) Other expenses (618) (320) Other income 604 934 Income (loss) from operations (42,122) (38,808) Finance income 257 473 Finance expenses (8,221) (391) Financial result, net (7,964) 82 Income (loss) before tax (50,086) (38,726) Income taxes 277 (4) Net income (loss) (49,809) (38,730) Other comprehensive income (loss) 23 65 Total comprehensive income (loss) (49,786) (38,665) Net Income (loss) attributable to: Shareholders of HomeToGo SE (49,036) (38,542) Non-controlling interests (773) (188) Total comprehensive income (loss) attributable to: Shareholders of HomeToGo SE (49,013) (38,477) Non-controlling interests (773) (188) ‌Consolidated Statements of Financial Position‌ (in EUR thousands) Mar 31, 2026 Dec 31, 2025 Assets Non-current assets Intangible assets and goodwill 421,281 425,399 Property, plant and equipment 43,676 43,037 Trade and other receivables 3,223 2,478 Other financial assets 15,430 12,200 Deferred tax assets 393 393 Total non-current assets 484,003 483,507 Current assets Trade and other receivables 11,198 24,313 Income tax receivables 7,776 8,854 Other financial assets 10,528 856 Other assets 6,958 7,271 Cash and cash equivalents 87,831 91,553 Total current assets 124,290 132,847 Total assets 608,293 616,354 Equity and liabilities Equity Subscribed capital 3,461 3,461 Capital reserves 615,469 615,469 Reserve for foreign currency translation (704) (701) Reserve for remeasurement of defined pension plans (1,506) (1,531) Reserve for share-based payments 121,060 116,353 Retained Earnings (551,281) (502,245) Total shareholder´s equity 186,501 230,806 Non-controlling interests 34,216 34,989 Total equity 220,717 265,796 Borrowings 99,506 49,356 Other financial liabilities 81,902 89,140 Provisions 3,323 3,235 Other liabilities 457 397 Deferred tax liabilities 29,851 30,602 Non-current liabilities 215,038 172,730 Borrowings 605 23,018 Trade and other payables 53,203 45,604 Other financial liabilities 20,422 22,327 Provisions 2,395 2,141 Other liabilities 77,277 63,401 Income tax liabilities 18,635 21,338 Current liabilities 172,538 177,828 Total liabilities 387,576 350,558 Total equity and liabilities 608,293 616,354 ‌Consolidated Statements of Cash Flows‌ (in EUR thousands) Q1/2026 Q1/2025 (Adjusted) 15,16 Loss before income tax (50,086) (38,726) Adjustments for: Depreciation and amortization 9,035 4,414 Non-cash employee benefits expense - share-based payments 4,707 4,650 Gain/loss on disposal of fixed assets 58 (1) Finance result - net 7,964 (82) Net exchange differences 43 58 Change in operating assets and liabilities (Increase) / Decrease in trade and other receivables 12,370 4,169 (Increase) / Decrease in other financial assets 140 616 (Increase) / Decrease in other assets 290 (706) Increase / (Decrease) in trade and other payables 7,598 5,475 Increase / (Decrease) in other financial liabilities (1,382) 6,131 Increase / (Decrease) in other liabilities 13,850 5,749 Other non cash changes in receivables and liabilities - 210 Increase / (Decrease) in provisions 341 - Cash generated from operations 4,930 (8,044) Income taxes (paid) / received (2,346) (2,754) Net cash used in operating activities 2,583 (10,798) Proceeds from disposal of property, plant and equipment and intangible assets 11 7 Proceeds from/ (Payments for) financial assets at fair value through profit and loss - (28,110) Payments for property, plant and equipment (520) (171) Payments for purchased intangible assets (37) (205) Payments for internally generated intangible assets (2,671) (2,677) Payments for deferred considerations (10,950) (7,000) Payments for financial assets at amortized costs (9,751) - Interest received 411 - Net cash used in investing activities (23,507) (38,156) Proceeds from borrowings, net of transaction costs 95,866 58 Increase in shareholders' equity from parent company shareholders - 82,623 Repayments of borrowings (75,000) (26) Interest and other finance cost paid (-) (2,573) (834) Principal elements of lease payments (1,120) (310) Net cash generated from financing activities 17,173 81,511 Net increase (decrease) in cash and cash equivalents (3,751) 32,557 Cash and cash equivalents at the beginning of the period 91,553 70,790 Effects of exchange rate changes on cash and cash equivalents 28 (116) Cash and cash equivalents at the end of the period 87,831 103,231 15 Interest received as well as interest and other finance costs paid were reclassed from operating activities to investing and financing activities respectively. 16 Vendor loan repayment in Q1/2025 associated with the acquisition of Getaway group was reclassed from financing activities to investing activities. ‌Service‌ Glossary Core KPIs Booking Revenues Booking Revenues is a non-GAAP operating metric to measure performance that is defined as the net Euro value of bookings before cancellations generated by transactions on the HomeToGo platforms in a reporting period. Booking Revenues do not correspond to, and should not be considered as alternative or substitute for IFRS Revenues recognized in accordance with IFRS. Contrary to IFRS Revenues, Booking Revenues are recorded at the point in time when the booking is made. Revenues from non-booking activities as included in Advertising or revenues from Subscriptions are considered without any difference in revenue recognition for Booking Revenues as under IFRS to complement the view. IFRS Revenues Revenues according to IFRS accounting policies. IFRS Revenues from booking-related activities are recognized on check-in date. Revenues from non-booking-related activities are recognized when services are provided (click or referral date). IFRS Revenues from Subscriptions are recognized over time. Adjusted EBITDA Net income (loss) before income taxes; finance income, finance expenses; depreciation and amortization; adjusted for impairments; expenses for share-based compensation and one-off items. One-off items relate to one-time and therefore non-recurring expenses and income outside the normal course of operational business. Among others those would include for example income and expenses from business combinations and other merger & acquisitions (M&A) activities, litigation, restructuring, government grants and other items that are not recurring on a regular basis and thus impede comparison of the underlying operational performance between financial periods. Free Cash Flow (FCF) Free Cash Flow is defined as net cash from operating activities added by net interest result and deducted by capital expenditures defined as net investment into PPE as well as into intangibles and internally-generated intangible assets. Reporting segments and related revenue activities Marketplace Our reporting segment Marketplace aggregates all business models and revenue activities that are focused on the traveler as our customer. Revenues are mainly generated not directly with the traveler, but indirectly with our Partners and comprise revenue activities from Booking (Onsite) and Advertising. Booking (Onsite) Revenues from Booking (Onsite) occur when the traveler booking journey is entirely completed on a HomeToGo Marketplace website. Advertising Revenues from Advertising comprise all activities when the travelers (booking) journey is not entirely completed on a HomeToGo Marketplace website. HomeToGo_PRO Our reporting segment HomeToGo_PRO aggregates all business models and revenue activities that are focused on the supplier of the vacation rental (hosts, property managers, destinations or others) or other (travel) businesses that want to offer vacation rentals themselves. It comprises revenues from Volume-based services as well as subscriptions that are tailored to enable the direct supplier or other third party being successful in the vacation rental market. Our marketplace is partially utilized to promote and monetize the vacation rentals from our HomeToGo_PRO segment. Inter-segment revenues and expenses are reported as 'Intercompany consolidation' under 'Group' in our KPI cockpit. Volume-based Volume-based revenues are consumption-based usage fees for software and other services like vacation rental property management services, resulting mainly from the amount of bookings and services to the direct provider of the vacation rental or other third party. Subscriptions Revenues from Subscriptions result from Software as a Service ('SaaS') and online advertising services for direct suppliers of vacation rentals who can use these over a determined period - irrespective of the amount of bookings. Accordingly, the related revenues are recognized over time. Further financial KPIs (Non-GAAP) Booking Revenues Backlog (Marketplace) Booking Revenues Backlog (Marketplace) comprises Booking Revenues before cancellation generated on the Marketplace in the reporting period or prior with IFRS Revenues recognition based on check-in date after the reporting period. Onsite Take Rate Onsite Take Rate is the margin realized on the gross booking amount on the Marketplace and is defined as Booking Revenues from Booking (Onsite) divided by GBV from Booking (Onsite).. Non-financial KPIs Number of Bookings (Onsite) Number of Bookings (Onsite) represent the number of bookings generated by travelers when the traveler booking journey is entirely completed on a HomeToGo Marketplace website. Booking Basket Size Booking Basket Size is defined as Gross Booking Value per booking before cancellations.It comprises Onsite bookings and bookings on external websites of Advertising and HomeToGo_PRO services. The Booking Basket Size is the product of the average daily rate and average length of stay. Cancellation Rate Cancellation Rate reflects the share of Booking Revenues that are cancelled subsequently, however, before being recognized as IFRS Revenues. This metric is monitored continuously and used for forecasting and budget planning. Other defined terms Partners Contracted businesses (such as online travel agencies, tour operators, property managers, other inventory suppliers, software partners) or private persons that distribute, manage or own accommodations which they directly or indirectly list on HomeToGo Group platforms. Campaign Builder One of the leading examples of HomeToGo's proprietary advertising tech stack to efficiently scale marketing efforts across multiple markets and brands. Allows the automation of a large set of campaigns by targeting and grabbing search demand from millions of keywords, and serving highly tailored content to travelers on a destination basis. HomeToGo Design System and White Label solution A proprietary modular tech platform used across various HomeToGo brands and external ones. NIST Cybersecurity framework that integrates industry standards and best practices to help organizations manage their cybersecurity risks. HomeToGo Payments HomeToGo's own payment solution developed in partnership with global market-leading payment solutions. HomeToGo Add-ons Additional services offered on our platform to offer a complete and convenient experience, such as cancellation protection and comprehensive insurance. SaaS Software as a service. AMIVAC Provides subscriptions listing services for both homeowners and professional agencies. AMIVAC SAS (Paris, France) is a direct (100 %) subsidiary of HomeToGo GmbH. e-domizil Specialist for vacation rentals, including brands e-domizil, e-domizil CH, atraveo and tourist-online.de. e-domizil GmbH (Frankfurt a.M., Germany) is a direct (100 %) subsidiary of HomeToGo GmbH and holds the two subsidiaries e-domizil AG (Zurich, Switzerland) and Atraveo GmbH (Düsseldorf, Germany). Escapada Rural ESCAPADA RURAL SERVICIOS PARA PROPIETARIOS SL (Barcelona, Spain) is a direct (100%) subsidiary of HomeToGo GmbH. Feries S.r.l Feries S.r.L operates the main websites agriturismo.it and casevacanza.it. Feries S.r.l (Milan, Italy) is a direct (100%) subsidiary of HomeToGo GmbH. Interhome A leading specialist for vacation rentals and supports homeowners in renting and servicing their vacation rentals, being locally available in the destinations for guests and homeowners. The holding entity of Interhome subgroup, HHD AG (Glattburgg, Switzerland), is a direct (100%) subsidiary of HomeToGo GmbH. Kraushaar & timwork Specialists for vacation rentals and property management with particular focus on offers in the northern part of Germany. Kraushaar Ferienwohnungen GmbH (Hamburg, Germany) and timwork GmbH (Grube, Hamburg) are indirect (both 100 %) subsidiaries of HomeToGo GmbH. GetAway (Kurz Mal Weg and Kurzurlaub) Two German market leading brands that are offering thematic travel bundles with hotels for short trips. GetAway Travel GmbH (Leipzig, Germany), Super Urlaub GmbH (Schwerin, Germany) and its Austrian subsidiary Kurzurlaub SHBC GmbH (Wien, Austria) are indirect (51%) subsidiaries of HomeToGo GmbH. SECRA Offers software for hosts, rental agencies and destinations facilitates end-to-end management and marketing services for vacation rentals. SECRA Bookings GmbH (Sierksdorf, Germany) is a direct (100 %) subsidiary of HomeToGo GmbH. Smoobu All-in-one SaaS solution that connects self-service hosts more easily to partners. Smoobu GmbH (Berlin, Germany) is a direct (100 %) subsidiary of HomeToGo GmbH ‌Financial Calendar‌ Event Date AGM Annual General Meeting 2026 June 16, 2026 Q2 2026 Financial Results and Earnings Call August 18, 2026 German Fall Conference, Frankfurt | Main August 31 - September 01, 2026 Baader Investment Conference, Munich September 21, 2026 CF&B Mid-Cap Event September 30, 2026 Q3 2026 Financial Results and Earnings Call November 12, 2026 ‌Imprint‌ Contact HomeToGo SE 9, rue de Bitbourg L-1273 Luxembourg ir.hometogo.de [email protected] Investor Relations Carsten Fricke, CFA [email protected]

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