hep global GmbH (hep global), a specialist in solar project development, has concluded fiscal year 2025 with a significant improvement in profitability. The audited consolidated financial statements show 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, compared to a loss of EUR -4.8 million the prior year. The consolidated result turned positive at EUR 2.9 million, reversing a EUR -9.1 million loss. Operating cash flow also strengthened to EUR 8.1 million from EUR -24.8 million.
The positive performance was driven by a focus on service business and a doubling of revenue from solar park project development to EUR 41.9 million, largely from activities in Germany and Poland. The company reduced its cost base and improved operational efficiency. Change in inventories of work in progress amounted to EUR 13.5 million, reflecting development and construction services for projects in the U.S. and Germany, increasing the balance sheet value of work in progress to EUR 65.7 million.
Since selling its investment business in late 2024, hep global has concentrated on developing and operating photovoltaic projects, emphasizing a “greenfield-first” approach to capture early-stage value. Battery storage systems are being integrated to create additional revenue streams. CEO Christian Hamann stated, “The fiscal year 2025 marks an important turning point... We have succeeded in impressively demonstrating our company’s operational performance and returning to profitability.”
For fiscal year 2026, management forecasts revenue between EUR 45 and 55 million and EBIT of EUR 0 to 10 million, considering a changed U.S. strategy following a strategic partnership in May 2026. The lower EBIT forecast is attributed to expected implementation of a comprehensive financing solution in the second half of the year. The company plans to expand its project pipeline in core markets, including Germany, Italy, Poland, the U.S., Canada, and Japan.
More details are available in the original release on NewMediaWire and at the company's website www.hepsolar.com.
