European Science Park Group (ESPG AG) has published its consolidated financial statements for the 2025 financial year, confirming a clearly positive annual result. The real estate company, which specialises in science parks, reported earnings before interest and taxes (EBIT) of EUR 9.5 million, a significant improvement from the EUR -11.2 million recorded in 2024. Group earnings reached EUR 2.3 million, compared with a loss of EUR -24.8 million in the previous year. The audited financial statements received an unqualified audit opinion, underscoring the company's financial recovery.
The final figures largely confirmed the preliminary results published on 31 March 2026. Income from property management rose to EUR 18.0 million from EUR 16.4 million in 2024, while the result from property management increased to EUR 11.6 million from EUR 7.3 million. The improvement was partly driven by a one-off effect from the termination of a larger lease agreement. Excluding this effect, Group earnings stood at EUR 0.7 million.
Ralf Nocker, Member of the Management Board of ESPG AG, said: “The published financial figures show that we were able to continue on the course we have pursued over the past two years and achieve a positive result. Following the financial reorganisation, we are now once again in a position to act from a solid foundation and drive our projects forward in a targeted manner.”
Equity increased to EUR 83.7 million as of the balance sheet date, up from EUR 79.5 million at the end of 2024, reflecting the impact of the financial reorganisation. Cash and cash equivalents doubled to EUR 4.7 million, compared with EUR 2.3 million in the previous year. The loan-to-value (LTV) ratio remained stable at 57.4%, indicating financial stability.
Christian Fendel, Director of Finance of ESPG AG, commented: “With an LTV of 57.4%, ESPG AG has a high degree of financial stability. This gives us flexibility for further investments in our science parks in order to continue developing our property portfolio in a targeted manner.”
The portfolio as of 31 December 2025 comprised 16 science parks valued at approximately EUR 215 million. The company continues to focus on developing properties for tenants from research-driven industries such as life sciences, green technologies, and digital transformation. Management sees further potential in reducing vacancies and implementing maintenance and modernisation measures across the portfolio.
The audited 2025 consolidated financial statements are available for download on ESPG AG’s website at https://espg.space/investor_relations/financial-statements/.
