hep global GmbH, a specialist in solar project development, has concluded fiscal year 2025 with a positive consolidated result of EUR 2.9 million, a significant turnaround from the EUR -9.1 million loss recorded in 2024. Based on audited consolidated financial statements, the group generated revenue of EUR 45.8 million, within the forecast range of EUR 45 to 55 million, while earnings before interest and taxes (EBIT) improved to EUR 10.8 million from EUR -4.8 million. Operating cash flow also strengthened to EUR 8.1 million, compared to EUR -24.8 million in the prior year.
The improved performance was driven by a consistent focus on the service business and a substantial increase in revenue from solar park project development, which more than doubled to EUR 41.9 million (2024: EUR 18.8 million). Key contributors were project development services in Germany and Poland. The company also reduced its cost base and increased operational efficiency. The change in inventories of work in progress amounted to EUR 13.5 million, reflecting development, planning, procurement, and construction services for solar park projects in the U.S. and Germany. The balance sheet value of work in progress rose to EUR 65.7 million, underscoring high value added and progress in ongoing developments.
Since selling its investment business at the end of 2024, hep global has focused entirely on the development and operation of photovoltaic projects. The company emphasizes a "greenfield-first" approach, developing projects from early stages to unlock additional value-creation potential. Battery storage systems are increasingly integrated to create additional revenue streams and enhance project appeal to investors.
Christian Hamann, CEO of hep global, stated: "The fiscal year 2025 marks an important turning point for hep global. Following the challenges of recent years, we have succeeded in impressively demonstrating our company's operational performance and returning to profitability. It is particularly gratifying that we achieved this result not through one-time effects, but through the consistent implementation of our strategy and strong operational performance." He added that the significant growth in project development revenue shows the international pipeline is increasingly generating value, and with streamlined operations and a strong project pipeline, the company is well-positioned for sustainable growth.
For fiscal year 2026, management forecasts revenue between EUR 45 and 55 million and EBIT in the range of EUR 0 to 10 million. The forecast accounts for a changed strategy in the U.S. resulting from a strategic partnership with an external investor agreed upon in May 2026. The lower EBIT forecast is primarily due to the expected implementation of a comprehensive financing solution in the second half of the year. Management plans to consistently implement strategic measures in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, expanding the project pipeline and gradually monetizing it. With the integration of battery storage solutions, hep global aims to capitalize on growth opportunities in international solar markets.
More details are available in the original press release on NewMediaWire.
