hep global GmbH, a specialist in solar project development, has announced its audited consolidated financial results for fiscal year 2025, marking a return to profitability. The company generated revenue of EUR 45.8 million, within the forecast range of EUR 45 to 55 million, while earnings before interest and taxes (EBIT) improved significantly to EUR 10.8 million from a loss of EUR -4.8 million in 2024. The consolidated result turned positive at EUR 2.9 million, compared to a loss of EUR -9.1 million the prior year. Operating cash flow also strengthened to EUR 8.1 million, reversing a negative cash flow of EUR -24.8 million in 2024.
The positive performance was driven by a consistent focus on the service business and a substantial increase in revenue from solar park project development. Revenue from project development rose to EUR 41.9 million, more than double the previous year’s EUR 18.8 million, with main contributions from Germany and Poland. The company also reduced its cost base and improved operational efficiency. Work in progress increased to EUR 65.7 million, reflecting continued expansion of the international project pipeline, particularly for projects in the U.S. and Germany.
Following the sale of its investment business at the end of 2024, hep global has fully concentrated on developing and operating photovoltaic projects. The company's “greenfield-first” approach emphasizes early-stage project development to unlock additional value. Battery storage systems are increasingly integrated to create new revenue streams and enhance project appeal for investors.
“The fiscal year 2025 marks an important turning point for hep global,” said Christian Hamann, CEO of the hep global Group. “We have succeeded in demonstrating our operational performance and returning to profitability through consistent strategy implementation and strong operations.” He noted that the significant growth in project development revenue shows the international pipeline is generating value, while streamlined processes have laid the foundation for sustainable growth.
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 forecast considers a changed strategy in the U.S. following a strategic partnership with an external investor agreed in May 2026. Management attributes the lower EBIT forecast primarily to the expected timing of a comprehensive financing solution in the second half of the year. The company plans to further expand its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, with increased integration of battery storage solutions.
More details are available in the original release on NewMediaWire.
