hep global GmbH, a specialist in the development of solar projects, has concluded fiscal year 2025 with a significant improvement in profitability. The company reported consolidated 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 turnaround from a loss of EUR 4.8 million the prior year. The consolidated result improved from a loss of EUR 9.1 million to a profit of EUR 2.9 million, while operating cash flow surged to EUR 8.1 million from a negative EUR 24.8 million.
The positive performance was driven by a consistent focus on the service business and a doubling of revenue from solar park project development to EUR 41.9 million, mainly from projects in Germany and Poland. The company also reduced its cost base and increased operational efficiency. Work in progress increased to EUR 65.7 million, reflecting continued expansion of the international project pipeline, particularly in the U.S. and Germany.
The strategic realignment following the sale of its investment business in late 2024 has yielded results. hep global now focuses entirely on the development and operation of photovoltaic projects, emphasizing a "greenfield-first" approach to capture value from early-stage development. The integration of battery storage systems is also creating additional revenue streams.
"Fiscal year 2025 marks an important turning point for hep global," said Christian Hamann, CEO of the hep global Group. "We have succeeded in impressively demonstrating our company's operational performance and returning to profitability through consistent implementation of our strategy."
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 is attributed to the expected timing of a comprehensive financing solution in the second half of the year. The company plans to continue expanding its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan.
hep global, headquartered in Guglingen, Germany, employs around 160 people and has subsidiaries in key markets. The company has been active in solar energy for over 15 years, covering the entire value chain from development to operation. More information is available at www.hepsolar.com.
