HBX Group Reports Strong Performance in Half Year 2025
On May 14, 2025, HBX Group International plc, widely recognized as a leader in travel technology, announced its financial results for the first half of FY2025. The report reveals a robust performance characterized by notable growth metrics that exceeded industry expectations, firmly establishing HBX Group's position in the competitive landscape of travel.
Key Financial Highlights
In the six months ending March 31, 2025, the Total Transaction Value (TTV) soared to €3.4 billion, marking a 12% increase from the previous year's €3.0 billion. This growth trajectory reflects the company's strategic positioning and continued outperformance against the global accommodation market. The revenue also showcases a solid growth of 10%, reaching €319 million compared to €291 million during the same period last year. This growth can be attributed largely to the significant increase in travel to Europe and the MEAPAC regions.
The company's Adjusted EBITDA reached €159 million, representing a 14% rise from €140 million in the previous year. This increase also contributed to an improved Adjusted EBITDA margin, which rose to 50%, up by 2 percentage points from the earlier figure of 48.1%.
Overall, while the net loss increased to €227 million from €122 million, which translates to an 86% rise in losses, other indicators suggest optimism for the future.
Strategic Developments
In addition to financial growth, HBX Group fortified its market position through new commercial partnerships aimed at fuelling future expansion in critical markets. Earlier this year, the company made headlines with its listing on the Spanish Stock Exchanges in February, successfully raising substantial funds of €725 million to propel its operations forward.
Moreover, a timely debt refinancing completed in March resulted in credit rating upgrades, enhancing HBX Group's financial stability. The company's updated guidance for the full year of 2025 now anticipates revenues between €740-790 million, alongside an adjusted EBITDA forecast between €430-450 million.
Outlook for the Future
The company maintains a positive medium-term outlook, unwavering in its ambition for profitable growth. Despite the prevailing volatile macroeconomic environment, HBX Group expressed confidence as long lead time bookings remained strong, supporting a resilient trading environment.
Looking ahead, the company's guidance for FY25 reflects adjusted EBITDA expectations of between €430-450 million and an operating free cash flow conversion rate projected at 100%. This forecast embodies the company's commitment to fostering sustainable profitability and generating cash flow even amidst market unpredictability.
HBX Group’s robust value proposition is underscored by long-term favorable trends in travel and leisure spending, further boosting confidence in anticipated performance growth.
About HBX Group
HBX Group operates as an independent B2B travel technology marketplace, managing well-known brands like Hotelbeds, Bedsonline, and Roiback. The group's mission is to untangle the complex and fragmented travel industry by leveraging cloud-based technology solutions, providing curated data, and offering a diverse portfolio of products that maximize revenue for partners. Present in 170 countries, the company employs over 3,600 individuals globally, committed to making a positive impact in the travel sector through sustainable practices.
For more information, visit
HBX Group Investor Relations.