European Science Park Group (ESPG AG) has published its consolidated financial statements for the 2025 financial year, confirming a clearly positive annual result. The final figures largely matched the preliminary results announced on 31 March 2026, with group earnings reaching EUR 2.3 million, a significant improvement from the EUR -24.8 million reported in 2024. The statements received an unqualified audit opinion, underscoring the company's financial stability.
Income from property management rose to EUR 18.0 million in 2025, compared with EUR 16.4 million in the previous year. 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, a turnaround from the negative EUR -11.2 million in 2024. This positive development was driven by operational improvements and a one-off effect from the termination of a larger lease agreement. Excluding this effect, group earnings stood at EUR 0.7 million.
Equity increased to EUR 83.7 million as of 31 December 2025, up from EUR 79.5 million at the end of 2024, reflecting the successful financial reorganisation. Cash and cash equivalents doubled to EUR 4.7 million, compared with EUR 2.3 million in the prior year. The loan-to-value (LTV) ratio remained stable at 57.4%, indicating a solid financial foundation.
Ralf Nocker, Member of the Management Board of ESPG AG, stated: '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. 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, 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.'
As of 31 December 2025, the portfolio comprised 16 science parks valued at around EUR 215 million. The company continues to focus on developing properties for research-driven industries such as life sciences, green technologies, and digital transformation. Key operational tasks for the coming months include reducing vacancies through new lease agreements and implementing maintenance and modernisation measures across the portfolio.
ESPG AG views science parks in Germany as an attractive market segment, driven by demand from innovation-driven sectors. The company sees further potential for targeted portfolio development. The audited 2025 consolidated financial statements are available for download on the company's website at https://espg.space/investor_relations/financial-statements/.
