First Quarter Measures at DH Group

The financial services and real estate solutions provider DH Group Plc. started strongly again year 2026: both core segments exceeded the same period of the previous year, starting the year with near-record results, the Group said in a statement on the website of the Budapest Stock Exchange.

Financial intermediation performed close to peak levels in a seasonally weak quarter supported by the favorable interest rate environment and OSP, while the volume of real estate services was boosted by the acquisition of Spain's Donpiso. The volume of Italian credit intermediation increased by 14% year-on-year to HUF 171 billion in the first quarter of 2026.

In Hungary, the 3% Home Start Program (OSP), launched on 1 September 2025, for first-time home buyers, generated significant demand in the real estate market. As a result of the program, there was an outstanding 93% year-on-year growth in the volume of financial brokerage. The program also continued to fuel the market in the first quarter of 2026, increasing the previous quarter's peak by 6%. In addition, real estate brokerage volumes remained below the record level of Q3 2025, with a decrease of 10% both year-on-year and quarter-on-quarter.

In Poland, financial brokerage volumes expanded by 37% year-on-year to a new high, and franchise network commissions also increased by 5%. The markets are supported by the Polish interest rate cut cycle and are expected to remain strong in the coming months.

In November 2025, the Group acquired a 22% stake in Donpiso in Spain and increased ownership to 34% in February 2026. DH Group will initially consolidate Donpiso group using the equity method. The Barcelona-based network generated a total of more than HUF 1 billion in network commission income in Q1 2026.

The Group decided to close its marginal Czech operations and focus its resources on other markets.