HomeToGo publishes 2025 Annual Report and 2026 strategic roadmap: Focus on Interhome integration and profitability growth 

• Exceeded profitability targets for FY/25: HomeToGo surpassed its Adjusted EBITDA guidance on both a statutory basis (€13.2M; +20.0% vs. guidance) and a pro-forma basis (€42.0M; +5.0% vs. guidance), representing year-over-year growth of 2.7% and 27.7%, respectively.
• Scale transformation realized: IFRS Revenues for FY/25 reached €255.5M (+20.3% YoY) on a statutory basis and €394.3M (+2.9% YoY) on a pro-forma basis, landing in line with guidance and reflecting the Group’s significantly expanded scale
• Strategic roadmap for 2026 with focus on five pillars: Finalizing the Interhome integration, targeting strategic M&A in HomeToGo_PRO, harmonizing global brands, driving margin expansion through operational excellence, and maintaining leadership in AI
• 2026 financial guidance: Targeting IFRS Revenues of €400M–€410M (>55% YoY growth on a statutory basis) and Adjusted EBITDA of €45M–€47M (>240% YoY growth on a statutory basis)

Luxembourg, 19 March 2026 - HomeToGo SE (Frankfurt Stock Exchange: HTG), Europe’s leading vacation rental group, today published its 2025 Annual Report, including audited financial results, alongside its financial guidance and strategic priorities for FY/26. The final results confirm the preliminary figures published in February 2026 and remain fully in line with expectations.

FY/26 strategy and outlook

For the financial year 2026, the HomeToGo Group expects to grow IFRS Revenues to between €400M and €410M, representing an increase of more than 55% YoY on a statutory basis (vs. €255.5M in FY/25). Adjusted EBITDA is projected to be in the range of €45M to €47M, representing an increase of more than 240% YoY on a statutory basis (vs. €13.2M in FY/25). This guidance also takes into account the significant macro-uncertainty stemming from the ongoing conflict in the Middle East and its currently unclear economic consequences, as well as the recently increased volatility in foreign exchange markets, particularly for the CHF/EUR exchange rate which is HomeToGo’s main currency pair.

To strengthen its position as the leading vacation rental powerhouse, the HomeToGo Group has defined five key strategic priorities for the 2026 financial year:

1. Capture initial Interhome cost synergies not yet realized: Fully achieve the targeted €10M in annualized short-term cost synergies
2. Target strategic M&A in HomeToGo_PRO: Leverage the Group’s strengthened balance sheet and the €200M bond framework to pursue value-accretive acquisitions within the vacation rental property management and B2B software space
3. Harmonize group-wide brands: Streamline the brand architecture across all subsidiaries to enhance global visibility, including the continued rollout of the "HomeToGo Originals" umbrella brand
4. Drive operational excellence in the Marketplace: Expand margins in the Marketplace segment by optimizing marketing efficiency
5. Maintain AI leadership: Sustain a high pace of innovation to maintain HomeToGo’s position as the leader of AI-powered travel platforms

FY/25 financial results

HomeToGo’s audited FY/25 financial results confirm a year of significant advancement. On a statutory basis, which includes the consolidation of Interhome starting from 28 August 2025, IFRS Revenues reached €255.5M, representing a robust 20.3% YoY increase. When viewed on a pro-forma basis, assuming Interhome had been part of the Group for the full year 2025, IFRS Revenues amounted to €394.3M, representing a growth of 2.9% YoY.

This solid top-line performance was accompanied by a significant outperformance in the Group’s profitability. HomeToGo ended the financial year 2025 by exceeding its Adjusted EBITDA targets across both reporting metrics: Statutory Adjusted EBITDA rose to €13.2M (+20% vs. guidance; +2.7% YoY), while pro-forma Adjusted EBITDA grew substantially to €42.0M (+5% vs. guidance; +27.7% YoY).

The Group maintained a resilient financial position with a year-end cash balance of €91.6M (+29.3% compared to the 2024 reporting date). The capital structure was further optimized through the successful issuance of a €105M Senior Secured Nordic Bond in February 2026. By replacing fast-amortizing debt, this strategic financing is expected to unlock approximately €84M in additional cash flow throughout 2026 and 2027.

The Group’s statutory net loss for the full year 2025 was negatively impacted by one-time, non-cash impairment losses of €60.2M. These impairments follow the strategic shift announced in October 2025. As part of the Group’s decision to reallocate capital from its Marketplace segment to its HomeToGo_PRO business, a €54.3M impairment was recorded relating to the goodwill allocated to the B2C Marketplace segment. Furthermore, an impairment loss of €5.6M was recorded in connection with the restructuring of e-domizil, following the transfer of customer relationships and contracts to the Interhome platform. Crucially, these impairment charges are of a one-time nature and entirely non-cash, with no impact on the Group’s strong liquidity position.

Business segment highlights

The HomeToGo_PRO segment, which encompasses B2B software and tech-enabled service solutions for the entire travel market, achieved a 64.1% YoY increase in IFRS Revenues to €114.9M, primarily driven by the successful integration of Interhome. Statutory Adjusted EBITDA of €(2.6)M reflects the specific timing of the Interhome consolidation and the inherent seasonality of its business activities. On a pro-forma basis, the segment delivered an Adjusted EBITDA of €26.2M and IFRS Revenues of €253.7M for FY/25.

The HomeToGo Marketplace segment recorded IFRS Revenues of €151.7M, remaining largely stable year-over-year despite a deliberate and significant reduction in marketing expenditures in the fourth quarter of FY/25. This resilient performance underscores the success of the strategic pivot toward prioritizing profitability over top-line growth. Consequently, Adjusted EBITDA for the Marketplace more than quintupled to €15.8M (vs. €2.9M in FY/24), driven by strongly improved marketing efficiency. Furthermore, the Onsite Take Rate expanded to 13.7% (+0.9pp YoY).

Review of Q4/25

HomeToGo delivered a resilient fourth quarter, characterized by significant top-line expansion at the Group level and a shift toward operational profitability.

• HomeToGo Group: The Group reached a new fourth quarter record in IFRS Revenues of €54.2M (+56.2% YoY). Adjusted EBITDA was €(8.8)M (vs. €(4.0)M in Q4/24), a development primarily driven by the first-time inclusion of Interhome’s typical fourth quarter seasonality.
• HomeToGo_PRO: Segment IFRS Revenues surged by 174.8% YoY to €33.9M, fueled by the full consolidation of Interhome. Adjusted EBITDA stood at €(14.6)M, reflecting the segment’s inherent year-end seasonal patterns magnified by the larger scope due to the Interhome consolidation.
• HomeToGo Marketplace: Despite significantly lower marketing expenditures, IFRS Revenues increased by 5.9% YoY to €24.4M, underscoring the success of the strategic pivot to prioritize profitability. Consequently, quarterly Adjusted EBITDA turned positive at €5.8M - a significant turnaround compared to the €(3.3)M loss reported in the prior-year period.

Dr. Patrick Andrae, Co-Founder & CEO of HomeToGo: “2025 was a landmark year as we repositioned our business around HomeToGo_PRO, establishing a new center of gravity and unlocking a new level of scale. We exceeded our profitability targets on both a statutory and a pro-forma basis and realized Interhome synergies ahead of schedule, demonstrating strong operational discipline. In 2026, we began executing a focused five-pillar roadmap to solidify our position as the leading vacation rental powerhouse in Europe. We will capture the full €10M in cost synergies from Interhome, leverage our financial flexibility to pursue strategic M&A opportunities in HomeToGo_PRO, and continue to harmonize our brand architecture. At the same time, we will drive operational excellence and marketing efficiency across our Marketplace while advancing our AI leadership, positioning the full HomeToGo Group for its next phase of profitable growth.”

FY/25 and Q4/25 results: Annual Report, earnings call, and presentation

Dr. Patrick Andrae, Co-founder & CEO, and Sebastian Bielski, CFO, will present the full year 2025 results and the Q4/25 results in a conference call today at 10:00 am CET, followed by a Q&A session for research analysts and investors.

The presentation will be held in English and accessible via a live audio webcast. 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://www.appairtime.com/event/0eefb225-af86-45f1-b1ef-b3b48ecd741d

HomeToGo's 2025 Annual Report 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 CET and is also available at ir.hometogo.de.

More information on HomeToGo’s news and capital markets reporting can be found on ir.hometogo.de.

About the HomeToGo Group

HomeToGo was founded in 2014 in Berlin, Germany. Today HomeToGo is Europe’s leading vacation rental group, combining its B2B Software & tech-enabled Service Solutions segment, HomeToGo_PRO, with its AI-powered B2C Marketplace. HomeToGo is the official travel partner and top sponsor of German Bundesliga football club 1. FC Union Berlin.

HomeToGo_PRO offers innovative Software & tech-enabled Service Solutions for everyone who wants to be successful with vacation rentals, with a special focus on SaaS for hosts. With millions of vacation rental offers across thousands of trusted partners, HomeToGo’s AI-powered B2C Marketplace seamlessly connects travelers with the world’s largest selection of vacation rentals to find the perfect home for any trip.

HomeToGo was born and 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

Investor Relations Contact
Carsten Fricke, CFA
+49 176 768 62 397
IR@hometogo.com

Media Contact
Isabel Nacke
press@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 and Booking Revenues, the Company refers to the corresponding definitions published on its IR website under IR resources (http://ir.hometogo.de/).