hep global GmbH, a specialist in solar project development, has concluded fiscal year 2025 with a positive consolidated result, marking a significant turnaround from the previous year. The company reported revenue of EUR 45.8 million, up from EUR 43.5 million in 2024, and earnings before interest and taxes (EBIT) of EUR 10.8 million, a sharp improvement from a loss of EUR 4.8 million. The consolidated net result swung to a profit of EUR 2.9 million from a loss of EUR 9.1 million. Operating cash flow also strengthened to EUR 8.1 million, compared to negative EUR 24.8 million in the prior year.
The improved 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 (2024: EUR 18.8 million). Key contributors were project development services in Germany and Poland. The company also reduced its cost base and increased operational efficiency. Work in progress rose to EUR 65.7 million, reflecting ongoing development activities for solar parks in the U.S. and Germany.
CEO Christian Hamann stated, "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." He added that the company's "greenfield-first" approach and integration of battery storage systems position it well for long-term growth. The company's strategic realignment followed the sale of its investment business at the end of 2024, allowing it to focus entirely on photovoltaic project development and operation.
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 forecast compared to 2025 reflects the expected timing of a comprehensive financing solution in the second half of the year and a changed strategy in the U.S. following a strategic partnership with an external investor in May 2026. The company plans to further expand its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, while integrating battery storage to enhance project value.
More details are available in the original press release at NewMediaWire.
