DH Group closed the second quarter of 2026 at record levels in spite of the strengthened Hungarian forint (HUF), the real estate company has announced on the website of the Budapest Stock Exchange.
The Group's clean core EBITDA rose 39% to HUF 2.3 billion and clean core profit after tax increased 74% to HUF 1.6 billion versus the same period last year. 84% of EBITDA was generated in the financial intermediation segment. 66% of EBITDA was generated outside Hungary, according to the executive summary of the report.
The Group’s consolidated revenue for the quarter was HUF 14.0 billion (+19% y/y), accounting EBITDA HUF 2.6 billion (+39%) and profit after tax HUF 1.6 billion (+29%). The HUF strengthened 10.9% against the EUR and 10.7% against the PLN year-on-year, reducing HUF-translated growth versus local currency.
In Italy, Credipass continued to grow: brokered loan volume rose 4% year-on-year (in EUR +17%) to HUF 184 billion and quarterly clean core EBITDA reached HUF 1.4 billion.
In Poland, the credit and real estate markets kept expanding; quarterly loan volume rose 27% (in PLN +42%) to HUF 160 billion and the Polish clean core EBITDA contribution reached HUF 292 million (+84% year-on-year).
In Hungary, activity was supported by the Otthon Start (Home Start) program; core activities generated HUF 632 million of clean core EBITDA (+69% year-on-year).
The Group continued to divest its real estate portfolio, sold 5 apartments in H1 with total book value of HUF 557 million at sale price of HUF 604 million.
On June 30, 2026 the Group successfully closed the acquisition of the CQS (salary- and pension-backed lending) business of Italy’s Fincontatto S.r.l. via its subsidiary Hgroup S.p.A. The business is consolidated from 1 July 2026 and is expected to add at least EUR 1.5 million of annual EBITDA including synergies (about EUR 1.0 million on a standalone basis).
H1 performance came in better than expected, and management is raising its full-year guidance from 7.5-8.3 billion to HUF 8.3–9.1 billion adjusted (clean core) EBITDA and from 4.5-5.0 billion to HUF 5.1–5.6 billion adjusted (clean core) net profit. The updated guidance includes the H2 contribution from Fincontatto.
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