European Science Park Group (ESPG AG), a real estate company specialising in science parks, has published its consolidated financial statements for the 2025 financial year, confirming a positive annual result after a period of financial restructuring. The audited figures, which received an unqualified audit opinion, largely matched the preliminary results released on 31 March 2026.
Income from property management rose to EUR 18.0 million, up from EUR 16.4 million in the previous year. The result from property management increased to EUR 11.6 million compared to EUR 7.3 million in 2024. The company reported a strongly positive EBIT of EUR 9.5 million, a significant improvement from the negative EUR 11.2 million recorded in 2024. Group earnings reached EUR 2.3 million, rebounding from a loss of EUR 24.8 million in the prior year. Excluding a one-off effect from the termination of a larger lease agreement, group earnings were EUR 0.7 million.
Equity stood at EUR 83.7 million as of the balance sheet date, slightly above the EUR 79.5 million recorded at the end of 2024, taking into account the financial reorganisation. Cash and cash equivalents increased to EUR 4.7 million from EUR 2.3 million at year-end 2024. The loan-to-value ratio (LTV) remained stable at 57.4%, compared to 58.6% in the previous year.
“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,” said Ralf Nocker, Member of the Management Board of ESPG AG.
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.”
As of 31 December 2025, the portfolio comprised 16 science parks with a value of approximately EUR 215 million. The company continues to focus on developing its properties towards science parks and attracting tenants from research-driven industries such as life sciences, green technologies, and digital transformation.
The audited 2025 consolidated financial statements are available for download on ESPG AG’s website at https://espg.space/investor_relations/financial-statements/.
