hep global GmbH, a specialist in solar project development, has concluded fiscal year 2025 with a significant improvement in profitability, reporting a consolidated result of EUR 2.9 million compared to a loss of EUR -9.1 million in the prior year. The company generated revenue of EUR 45.8 million (2024: EUR 43.5 million), within its forecast range, while earnings before interest and taxes (EBIT) improved to EUR 10.8 million (2024: EUR -4.8 million). Operating cash flow also strengthened to EUR 8.1 million, a turnaround from EUR -24.8 million in 2024.
The positive performance was driven by a consistent focus on the service business and a doubling of revenue from solar park project development to EUR 41.9 million (2024: EUR 18.8 million), particularly in Germany and Poland. The company also reduced its cost base and increased operational efficiency. Work in progress rose to EUR 65.7 million, reflecting development and construction activities for projects in the U.S. and Germany.
Since selling its investment business at the end of 2024, hep global has concentrated on developing and operating photovoltaic projects, emphasizing a "greenfield-first" approach to unlock value creation throughout the project lifecycle. The integration of battery storage systems is expected to create additional revenue streams. CEO Christian Hamann stated, "The fiscal year 2025 marks an important turning point for hep global. We have succeeded in returning to profitability through consistent implementation of our strategy and strong operational performance."
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 outlook considers a strategic partnership in the U.S. agreed upon in May 2026 and the anticipated timing of a comprehensive financing solution in the second half of the year. The company plans to expand its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, while increasingly integrating battery storage to capitalize on growth opportunities in international solar markets.
For more information, visit https://www.hepsolar.com. View the original release on www.newmediawire.com.
