1 Segment Reporting

The Group consists of four independently managed business units: Real Estate, Automotive, General Marketplaces, and Finance & Insurance. These units are defined according to their underlying markets and the specific characteristics of the marketplaces in which the Group operates. The Group’s Central Services unit provides corporate functions that support the entire Group.

The reportable segments are Real Estate (RE), Automotive (AU), and General Marketplaces (GM). The business unit Finance & Insurance and the Group’s Central Services are disclosed under Other.

The operating segments are aligned with the Group’s management structure and internal reporting to the Chief Operating Decision Maker (CODM), identified as the Executive Leadership Team (ELT). The ELT monitors the operating results of each business unit individually to facilitate decisions regarding resource allocation and performance assessment. Eliminations are presented separately and include reconciling items related to intersegment revenues. Transactions between operating segments are conducted on an arm’s-length basis, comparable to transactions with third parties. All material revenues are generated in Switzerland and all significant non-current assets are located in Switzerland.

for the six months ended 30 June

2026

in CHF thousand

RE

AU

GM

Subtotal¹

Other

Eliminations

Total

Classified revenue

74,077

41,869

6,075

122,021

–

–

122,021

of which professional classified revenue

50,686

34,189

947

85,822

–

–

85,822

of which other classified revenue

23,391

7,680

5,128

36,199

–

–

36,199

Transactional revenue

–

868

28,020

28,888

–

–

28,888

Advertising revenue

809

1,128

2,964

4,901

97

–

4,998

Services & other operating revenue

13,893

373

3,774

18,040

5,810

–

23,850

Intersegment revenue

(256)

157

1,252

1,153

–

(1,153)

–

Revenue

88,523

44,395

42,085

175,003

5,907

(1,153)

179,757

Capitalised self-developed intangible assets

6,629

2,713

2,896

12,238

916

–

13,154

Adjusted operating expense

(39,470)

(16,759)

(24,437)

(80,666)

(11,923)

1,153

(91,436)

Adjusted EBITDA

55,682

30,349

20,544

106,575

(5,100)

–

101,475

Other segment information

Capital expenditure

(6,913)

(2,770)

(2,937)

(12,620)

(1,401)

–

(14,021)

Adjusted EBITDA less capex

48,769

27,579

17,607

93,955

(6,501)

–

87,454

1Total of reportable segments.

From 2026 onward, segment reporting includes a breakdown of classified revenues, consistent with the information presented to the CODM. Comparative information for the previous year has been amended accordingly.

for the six months ended 30 June

2025

in CHF thousand

RE

AU

GM

Subtotal¹

Other

Eliminations

Total

Classified revenue

65,856

37,660

5,182

108,698

–

–

108,698

of which professional classified revenue

46,214

29,873

1,038

77,125

–

–

77,125

of which other classified revenue

19,642

7,787

4,144

31,573

–

–

31,573

Transactional revenue

–

145

25,041

25,186

–

–

25,186

Advertising revenue

763

1,216

3,102

5,081

93

–

5,174

Services & other operating revenue

13,024

385

3,284

16,693

5,749

–

22,442

Intersegment revenue

(236)

151

646

561

–

(561)

–

Revenue

79,407

39,557

37,255

156,219

5,842

(561)

161,500

Capitalised self-developed intangible assets

7,430

2,494

3,416

13,340

966

–

14,306

Adjusted operating expense

(39,441)

(15,346)

(23,436)

(78,223)

(10,505)

561

(88,167)

Adjusted EBITDA

47,396

26,705

17,235

91,336

(3,697)

–

87,639

Other segment information

Capital expenditure

(7,892)

(2,623)

(3,435)

(13,950)

(2,455)

–

(16,405)

Adjusted EBITDA less capex

39,504

24,082

13,800

77,386

(6,152)

–

71,234

1Total of reportable segments.

Reconciliation of Adjusted Results

The reconciliation of Adjusted EBITDA to the result according to IFRS Accounting Standards is as follows:

for the six months ended 30 June | in CHF thousand

2026

2025

Profit after tax

56,372

28,161

Income tax

12,611

6,229

Profit before tax

68,983

34,390

Financial expense

1,819

3,294

Financial income

(210)

(233)

Profit before financial income/expense and tax

70,592

37,451

Depreciation, amortisation, and impairment

28,612

27,218

Adjustments related to¹

2,271

22,970

Share-based compensation

886

19,419

Mergers and acquisitions

9

518

Reorganisations

330

286

Preparation of the initial public offering

–

2,113

Selected IAS 19 pension components

1,046

634

Adjusted EBITDA

101,475

87,639

1Refer to Alternative Performance Measures for details on the adjustments.

The reconciliation of Adjusted EBITDA less capex is presented below:

for the six months ended 30 June | in CHF thousand

2026

2025

Adjusted EBITDA

101,475

87,639

Capital expenditure for

(14,021)

(16,405)

Acquisition of property, plant, and equipment

(611)

(321)

Development and acquisition of intangible assets

(13,410)

(16,084)

Adjusted EBITDA less capex

87,454

71,234

Seasonality of Operations

The Group operates in business areas where no significant seasonal or cyclical variations in sales are expected.