HomeToGo reports Q2/25 performance: Delivers 11% IFRS Revenues growth, aided by a 35% YoY advancement of HomeToGo_PRO, and more than triples Adj. EBITDA (241% YoY). Improves Free Cash Flow by >50% YoY

HomeToGo reports Q2/25 performance: Delivers 11% IFRS Revenues growth, supported by a 35% YoY advancement of HomeToGo_PRO, and triples Adjusted EBITDA (241% YoY). Improves Free Cash Flow by >50% YoY in H1/25

Luxembourg, 13 August 2025 - HomeToGo SE (Frankfurt Stock Exchange: HTG), the SaaS-enabled Marketplace with the world’s largest selection of vacation rentals, today published its financial results for the first half and second quarter of 2025. HomeToGo demonstrated solid performance in H1/25, achieving positive YoY revenue growth across both its Marketplace and HomeToGo_PRO segments. Q2/25 reflected trends similar to those in the first quarter of the year, with growth in both Booking Revenues and IFRS Revenues, as well as ongoing progress in efficiency and profitability. IFRS Revenues reached a new second quarter record high at €58.7M, up by 11.0% YoY. Furthermore, Adjusted EBITDA saw a very strong 240.6% YoY improvement in Q2/25, reaching €7.4M and yielding a 12.6% EBITDA margin (+8.5pp YoY). Overall, the Group's strong Booking Revenues Backlog[1] and its disciplined cost management reinforce its confidence in delivering its full year 2025 guidance. With the COMCO[2] decision on the Interhome acquisition expected by the end of September at the latest, HomeToGo anticipates a closing of the transaction, integrating Europe's second-largest vacation rental management company into the Group.

Group Highlights

• Booking Revenues grew by 2.7% YoY to €65.5M in Q2/25 and by 4.4% YoY to €153.6M in H1/25. Booking Revenues Backlog advanced by 5.5% YoY, marking a new all-time high for a second quarter end of €84.0M and providing strong visibility for IFRS Revenues realization throughout H2/25.

• IFRS Revenues increased by 11.0% YoY to €58.7M in Q2/25, marking a new record for a second quarter, in part due to the late Easter holidays in 2025. However, given that HomeToGo reports in EUR, this positive effect was partially offset by negative currency movements which impacted ~20% of the Group's revenues that are generated in USD. In H1/25, IFRS Revenues grew by 4.3% YoY to €93.2M.

• Adjusted EBITDA in Q2/25 improved significantly by 240.6% YoY to €7.4M, with an Adjusted EBITDA margin of 12.6%. This marks a substantial improvement compared to Q1/25, as the Group regained a significant portion of the first quarter shortfall through disciplined cost management, lower marketing spend, and higher operational efficiencies. H1/25 Adjusted EBITDA totaled €(20.6)M, down (8.0)% YoY, mainly reflecting higher marketing expenditures for paid marketing channels during Q1/25.

Business Segment Highlights

• The Marketplace segment, HomeToGo's AI-powered B2C platform offering the world's largest selection of vacation rentals delivered a stable top-line performance in the first half of the year. This was reflected in Booking Revenues increasing 1.7% YoY to €114.6M and IFRS Revenues growing 0.3% YoY to €65.5M. Notably, the Adjusted EBITDA for the HomeToGo Marketplace improved significantly by 15.1% YoY in H1/25, and achieved a material €4.5M YoY improvement in Q2/25. This is largely a result of reduced marketing spend on the back of a continuous management decision to prioritize improved profitability over top-line growth in the first half of 2025.

• The HomeToGo_PRO segment, encompassing B2B Software AG & Service Solutions for the entire travel market with a special focus on SaaS for the supply side of vacation rentals, delivered notable H1/25 Booking Revenues growth of 11.6% YoY to €45.0M. IFRS Revenues grew significantly by 12.6% YoY to €30.0M, representing 32% of the Group's total IFRS Revenues. This growth was fueled by an 8.7% YoY increase in IFRS Revenues from Subscriptions, as well as an even stronger 15.4% YoY rise in Volume-based IFRS Revenues. The latter was mainly driven by a 19.2% YoY surge in the number of bookings facilitated through HomeToGo_PRO. Notably, the growth momentum in this segment increased during Q2/25, with Booking Revenues up by 17.7% YoY and IFRS Revenues growing even stronger by 34.9% YoY. The HomeToGo_PRO performance included strong contributions from HomeToGo_PRO Doppelgänger, HomeToGo's innovative suite of redistribution solutions, with Q2/25 IFRS Revenues increasing by >200% YoY. Additionally, Smoobu increased its Subscription Annual Recurring Revenue by >30% YoY, driven by both user acquisition and better monetization of the existing user base including the upselling of new premium features like a new dynamic pricing module and the new website builder. The Adjusted EBITDA in the HomeToGo_PRO segment decreased in H1/25 by €(5.1)M YoY, reaching €(0.6)M, mainly due to inter-segment cost allocation and targeted investments supporting future growth.

Cash Development

• HomeToGo maintained a solid cash position of €152.0M at the end of Q2/25, an increase of €8.6M in comparison to the end of Q1/25.

• In contrast to last year, when most performance marketing expenses were paid in Q1/24, this year the expenses were largely settled in Q2/25. As a result, Free Cash Flow declined by (27.0)% YoY to €8.8M in Q2/25. However, on a half year basis, Free Cash Flow still increased significantly by 51.6% YoY to €(5.0)M. This was mainly driven by improved working capital management, including the fast adoption of the HomeToGo Payments product by partners in the Marketplace.

Advancement of HomeToGo Payments

HomeToGo Payments continues to see strong adoption from partners, with ~30% of all GBV processed on our Onsite Marketplace generated by HomeToGo Payments (+18pp YoY). This has contributed to a 175% YoY increase in processed GBV and has favorably added to the positive Free Cash Flow development in H1/25 (>50%). With 14 different trustworthy payment methods and mobile payment options, HomeToGo Payments positively impacts the booking behavior of the Company's travelers, leading to a higher conversion and less cancellations,

Update on the Acquisition of Interhome

As communicated on 27 May 2025, the Swiss Competition Commission (COMCO) has initiated an in-depth investigation (Phase II review) of the planned acquisition of Hotelplan Group by DERTOUR Group. While HomeToGo is not directly subject to this review and has already obtained all necessary regulatory approvals for its acquisition of Interhome, it had originally been agreed that the two acquisitions would close jointly. With the decision by the COMCO expected by the end of September at the latest, a subsequent closing of the acquisition will allow HomeToGo to realize its first synergy effects in due course. The transformative deal will integrate Europe’s second-largest vacation rental management company into HomeToGo Group, and will strategically scale the HomeToGo_PRO segment into the Group's main revenue driver.

Confirmation of Full Year 2025 Guidance[3]

For the financial year 2025, HomeToGo Group continues to expect to grow Booking Revenues to more than €270M (>4% YoY). IFRS Revenues are expected to grow to over €230M (>8% YoY). Due to anticipated economies of scale, enhanced marketing, and AI efficiency gains, HomeToGo expects to improve its Group Adjusted EBITDA to more than €19M (>48% YoY). HomeToGo further aims for positive Free Cash Flow for the financial year 2025.

Dr. Patrick Andrae, Co-Founder & CEO of HomeToGo: “In the first half of 2025, HomeToGo demonstrated resilience and strong momentum toward our full year goals, especially in the second quarter. So far in 2025, our Group has steadily advanced Booking and IFRS Revenues, accelerated the growth of HomeToGo_PRO, improved Free Cash Flow, and delivered a record high second quarter Booking Revenues Backlog. We have also made major strides in our business priorities and strategic bets - from expanding HomeToGo Payments and HomeToGo_PRO Doppelgänger to launching new premium features on Smoobu. For the rest of the year, we’ll focus on three key levers for our business: Increasing Free Cash Flow - especially by advancing HomeToGo Payments, accelerating the growth of HomeToGo_PRO, and continuing to embed AI into every part of our business.”

Q2/25 Results: Quarterly Statement, Earnings Call, and Presentation

Dr. Patrick Andrae, Co-Founder & CEO, and Sebastian Bielski, CFO, will present the financial results for Q2/25 in a webcast and conference call tomorrow at 10:00 am CEST, followed by a Q&A session for research analysts and investors.

The presentation will be held via a live audio webcast, and will be in English, hosted at https://www.webcast-eqs.com/hometogo-2025-q2

Interested participants can register in advance for the conference call - with the opportunity to take part in the Q&A session - at the following address: https://services.choruscall.it/DiamondPassRegistration/register?confirmationNumber=1373822&linkSecurityString=3477f3de8

HomeToGo's Q2/25 Quarterly Statement is available on the HomeToGo Investor Relations website at ir.hometogo.de. The earnings presentation for analysts and investors will be made available shortly before the call starts at 10:00 am CEST and is also available at ir.hometogo.de.

About HomeToGo Group

HomeToGo was founded in 2014 in Berlin, Germany, with a vision to make incredible homes easily accessible to everyone. HomeToGo has since grown to become the SaaS-enabled marketplace with the world’s largest selection of vacation rentals. HomeToGo is the top sponsor and official travel partner of German Bundesliga football club 1. FC Union Berlin.

With 20M+ vacation rental offers across thousands of trusted partners, HomeToGo’s AI-powered B2C Marketplace seamlessly connects travelers with the perfect home for any trip. HomeToGo_PRO, the company’s B2B segment, offers innovative Software AG & Service Solutions for everyone who wants to be successful within vacation rentals, with a special focus on SaaS for hosts.

HomeToGo was born in Berlin and is built in Europe. While HomeToGo SE's registered office is located in Luxembourg, HomeToGo GmbH is headquartered in Berlin, Germany. HomeToGo operates localized apps and websites in more than 30 countries. HomeToGo SE is listed on the Frankfurt Stock Exchange under the stock ticker “HTG” (ISIN LU2290523658). For more information visit: www.hometogo.com/about

HomeToGo - Millions of stays. One home.

Media Contact
Jonas Upmann
press@hometogo.com

Investor Relations Contact
Sebastian Grabert, CFA
+49 157 501 63731
IR@hometogo.com

Forward-Looking Statements

Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions, or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by HomeToGo SE that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations, and prospects may differ materially from those projected or forecast in the forward-looking statements. Neither HomeToGo SE nor any of their respective affiliates assume any obligation to update, and do not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Use of Non-IFRS Performance Measures

This release includes certain financial measures not presented in accordance with IFRS, which may exclude items that are significant in understanding and assessing the Company's financial results. These measures should not be considered in isolation or as an alternative to measures of profitability, liquidity or performance under IFRS. Regarding the alternative performance measures Adjusted EBITDA, Booking Revenues, Repeat Booking Revenues, Free Cash Flow, and Onsite Take Rate, the Company refers to the corresponding definitions published on its IR website under IR resources (http://ir.hometogo.de/).

^[1] Booking Revenues Backlog comprises Booking Revenues before cancellation generated in the reporting period or prior with IFRS Revenues recognition based on check-in date after the reporting period.

^[2] Swiss Competition Commission

^[3] Full Year 2025 Guidance on a standalone basis, i.e. excluding any impact from the Interhome acquisition.