European Science Park Group (ESPG AG), a real estate company specialising in science parks, announced its audited 2025 consolidated financial statements, revealing a clear positive annual result. The final figures, which received an unqualified audit opinion, confirm the preliminary results published on 31 March 2026. The company reported group earnings of EUR 2.3 million, a significant improvement from the previous year’s loss of EUR -24.8 million.
Income from property management rose to EUR 18.0 million in 2025, compared to EUR 16.4 million in 2024, while the result from property management increased to EUR 11.6 million from EUR 7.3 million. Earnings before interest and taxes (EBIT) reached EUR 9.5 million, reversing a loss of EUR -11.2 million in the prior year. The positive development was partly driven by a one-off effect from the termination of a larger lease agreement, which contributed to the earnings boost. Excluding this effect, group earnings stood at EUR 0.7 million.
Equity increased to EUR 83.7 million as of the balance sheet date, slightly above the EUR 79.5 million recorded at the end of 2024, reflecting the successful financial reorganisation. Cash and cash equivalents doubled to EUR 4.7 million from EUR 2.3 million. The loan-to-value (LTV) ratio remained stable at 57.4%, indicating financial stability.
“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,” said Ralf Nocker, Member of the Management Board of ESPG AG. “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.”
Christian Fendel, Director of Finance of ESPG AG, added: “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. At the same time, we are in discussions regarding the extension of existing loans and the acquisition of additional loans on sustainable terms.”
The portfolio as of 31 December 2025 comprised 16 science parks valued at approximately EUR 215 million. The company continues its strategy of developing real estate towards science parks and attracting tenants from research-driven future-oriented industries such as life sciences, green technologies, and digital transformation. ESPG AG sees key operational tasks in further 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/.
