hep global GmbH, a specialist in solar project development, announced the successful conclusion of fiscal year 2025 with a positive consolidated result, marking a significant turnaround from the previous year. Based on audited consolidated financial statements, the Group generated revenue of EUR 45.8 million, up from EUR 43.5 million in 2024, and earnings before interest and taxes (EBIT) improved to EUR 10.8 million from a loss of EUR 4.8 million. The consolidated result swung from a loss of EUR 9.1 million to a profit of EUR 2.9 million. Operating cash flow also strengthened dramatically to EUR 8.1 million, compared to a negative EUR 24.8 million in 2024.
The positive performance was driven by a consistent focus on the service business and a significant increase in revenue from solar park project development, which more than doubled to EUR 41.9 million from EUR 18.8 million. Key drivers were project development services in Germany and Poland. The company also reduced its cost base and improved operational efficiency. The change in inventories of work in progress amounted to EUR 13.5 million, reflecting development and construction services for solar parks in the U.S. and Germany. The balance sheet value of work in progress increased to EUR 65.7 million, underscoring the high activity level in developing new projects.
Since selling its investment business at the end of 2024, hep global has focused entirely on developing and operating photovoltaic projects. The company's strategy emphasizes independent development of early-stage projects ("greenfield-first") to unlock additional value creation. Battery storage systems are increasingly integrated to create additional revenue streams and enhance project appeal to investors.
CEO Christian Hamann said, "Fiscal year 2025 marks an important turning point. We have succeeded in demonstrating our operational performance and returning to profitability through consistent strategy implementation." He noted that the significant growth in project development revenue shows the international pipeline is generating value, and the company is well-positioned to shape the energy transition.
For fiscal year 2026, management expects revenue between EUR 45 and 55 million and EBIT in the range of EUR 0 to 10 million. The forecast considers the changed strategy in the U.S. following a strategic partnership agreed in May 2026. The lower EBIT forecast is attributed to a comprehensive financing solution expected in the second half of the year. Revenue levels depend on the structure and timeline of this arrangement.
In core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, the existing project pipeline will be further expanded and monetized. With the integration of battery storage solutions, hep global aims to capitalize on growth opportunities in international solar markets. More details can be found on their website at www.hepsolar.com. The original press release is available at www.newmediawire.com.
