hep global concludes fiscal year 2025 with a positive consolidated result

hep global concludes fiscal year 2025 with a positive consolidated result

• Profitability significantly increased.
• Course set for further growth in 2026.

Güglingen, 30 June 2026 – hep global GmbH (hep global), a specialist in the development of solar projects, has successfully concluded the fiscal year 2025 and significantly improved its profitability compared to the previous year. Based on the audited consolidated financial statements, the Group generated revenue of EUR 45.8 million (2024: EUR 43.5 million), which was within the most recently communicated forecast range (EUR 45 to 55 million), as was earnings before interest and taxes (EBIT). EBIT improved to EUR 10.8 million (2024: EUR -4.8 million; forecast range: EUR 5 to 15 million). The consolidated result improved significantly from EUR -9.1 million to EUR 2.9 million. Operating cash flow also showed a very strong performance at EUR 8.1 million, compared to the previous figure of EUR -24.8 million.

The positive business performance in 2025 was driven in particular by a consistent focus on the service business as well as the significant increase in revenue from solar park project development. Revenue from project development rose to EUR 41.9 million in the reporting year, more than double the previous year’s figure (EUR 18.8 million). The main drivers were project development services in Germany and Poland. At the same time, hep global was able to reduce its cost base compared to the previous year and further increase operational efficiency.

The change in inventories of work in progress amounted to EUR 13.5 million. This was due to development, planning, procurement, and construction services already rendered, particularly for solar park projects in the U.S. and Germany. This reflects the continued expansion of the international project pipeline and underscores the high level of activity in the development of new solar park projects. Accordingly, the balance sheet value of work in progress increased to EUR 65.7 million at the end of the year, demonstrating the high value added and the progress of ongoing project developments. Despite the increase in work in progress, cash flow from operating activities improved by EUR 32.9 million to EUR 8.1 million (2024: EUR -24.8 million). This underscores the Group’s significantly improved operational performance.

Strategic realignment shows results

Since the sale of its investment business at the end of 2024, hep global has focused entirely on the development and operation of photovoltaic projects. The company’s strategy emphasizes the independent development of projects in early stages (“greenfield-first” approach) with the goal of unlocking additional value-creation potential throughout the entire project development process. Furthermore, battery storage systems are increasingly being integrated into project development to create additional revenue streams and further enhance the projects’ appeal to investors.

“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,” explains Christian Hamann, CEO of the hep global Group. “The significant growth in revenue from project development shows that our international pipeline is increasingly generating value. At the same time, we have streamlined our organization, optimized processes, and laid the foundation for sustainable, profitable growth. With our ‘greenfield-first’ approach, the integration of battery storage solutions, and a strong project pipeline in our core markets, we are well-positioned to continue actively shaping the energy transition and increasing the company’s value over the long term.”

Forecast for fiscal year 2026

For the fiscal year 2026, management expects revenue of between EUR 45 and 55 million and EBIT in the range of EUR 0 to 10 million. The forecast takes into account, in particular, the changed strategy in the U.S., which resulted from the strategic partnership with an external investor agreed upon in May 2026. Management attributes the lower EBIT forecast compared to the previous year primarily to the fact that the comprehensive financing solution targeted for fiscal year 2026 is not expected to be implemented until the second half of the year. The level of revenue also depends on the structure and timeline of this financing arrangement.

The strategic measures initiated in recent years are to be consistently implemented in 2026 as well. In the core markets of Germany, Italy, Poland, the U. S., Canada and Japan the existing project pipeline is to be further expanded and gradually monetized. With the consistent expansion of project development and the increasing integration of battery storage solutions, hep global considers itself well-positioned to capitalize on the growth opportunities arising in the international solar markets.

About the hep global Group
The hep global Group is the specialist for solar parks. For over 15 years, the owner-managed company from Baden-Württemberg has been developing, building and operating solar parks, mainly in Europe, Japan and North America. The company covers the entire value chain of solar energy: from project development to construction and long-term operation. The hep global Group employs around 160 people worldwide with subsidiaries in Germany, Italy, Poland, the U. S., Canada and Japan.

Press contact:
Evelyn Kilinc
Römerstraße 3
74363 Güglingen
Phone: +49 7135 93446-759 
Email: presse@hep.global
www.hepsolar.com

Investor contact:
Christian Hamann
Römerstraße 3
74363 Güglingen
Phone: +49 7135 93446-0
Email: greenbond@hep.global
www.hepsolar.com

Financial press contact:
Frank Ostermair, Linh Chung
IR4value GmbH
Karl-Hromadnik-Str. 14
81241 Munich
Phone: +49 211 178047-20
Email: linh.chung@ir4value.de
www.ir4value.de