hep global GmbH, a specialist in solar project development, announced the successful conclusion of fiscal year 2025 with a consolidated result of EUR 2.9 million, a substantial improvement from the EUR -9.1 million loss in 2024. The company generated revenue of EUR 45.8 million, within its forecast range of EUR 45 to 55 million, while earnings before interest and taxes (EBIT) rose to EUR 10.8 million, compared to EUR -4.8 million the prior year. Operating cash flow also strengthened to EUR 8.1 million, reversing a negative EUR -24.8 million in 2024.
The positive performance was driven by a strategic focus on the service business and a doubling of revenue from solar park project development, which reached EUR 41.9 million. Key contributions came from project development services in Germany and Poland, alongside a reduction in the cost base and improved operational efficiency. The change in inventories of work in progress amounted to EUR 13.5 million, reflecting development and construction activities particularly for projects in the U.S. and Germany. The balance sheet value of work in progress increased to EUR 65.7 million, underscoring the high value added from ongoing developments.
CEO Christian Hamann noted, '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.' Hamann emphasized that the growth in project development revenue demonstrates the increasing value of the company's international pipeline, while organizational streamlining and process optimization have laid the foundation for sustainable growth.
Since selling its investment business at the end of 2024, hep global has concentrated solely on photovoltaic project development and operation. The company's 'greenfield-first' approach aims to unlock value creation throughout the project lifecycle, with increasing integration of battery storage systems to create additional revenue streams. 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 lower EBIT guidance reflects the expected timing of a comprehensive financing solution in the second half of the year, as well as a strategic partnership in the U.S. agreed upon in May 2026.
The company plans to continue expanding its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, with a focus on monetizing existing developments. With over 15 years of experience, hep global covers the entire solar value chain from project development to long-term operation, employing around 160 people across subsidiaries in six countries. More information is available at www.hepsolar.com and in the original release on www.newmediawire.com.
