hep global GmbH, a specialist in solar project development, announced on June 30, 2026, that it concluded fiscal year 2025 with a positive consolidated result, marking a significant turnaround from the prior year's losses. The company reported revenue of EUR 45.8 million, within its forecast range of EUR 45 to 55 million, and earnings before interest and taxes (EBIT) of EUR 10.8 million, compared to a loss of EUR 4.8 million in 2024. The consolidated net result improved to EUR 2.9 million from a loss of EUR 9.1 million.
The positive performance was driven by a consistent focus on the service business and a sharp increase in revenue from solar park project development, which more than doubled to EUR 41.9 million. Key contributions came from project development services in Germany and Poland. The company also reduced its cost base and increased operational efficiency.
Operating cash flow turned strongly positive at EUR 8.1 million, a dramatic improvement from negative EUR 24.8 million in the prior year. Work in progress increased to EUR 65.7 million, reflecting development and construction activities for solar projects in the U.S. and Germany, underscoring the expansion of the international project pipeline.
Since selling its investment business at the end of 2024, hep global has focused entirely on developing and operating photovoltaic projects. The company emphasizes a "greenfield-first" approach, developing projects from early stages to capture value throughout the process. Battery storage systems are increasingly integrated to create additional revenue streams and enhance project appeal to investors.
Christian Hamann, CEO of hep global, stated: "Fiscal year 2025 marks an important turning point for hep global. We have succeeded in impressively demonstrating our company's operational performance and returning to profitability. It is particularly gratifying that we achieved this result through consistent implementation of our strategy and strong operational performance."
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 a changed strategy in the U.S. following a strategic partnership with an external investor agreed in May 2026. The lower EBIT forecast is attributed to the expected timing of a comprehensive financing solution in the second half of the year. Revenue will depend on the structure and timeline of this financing.
hep global aims to further expand and monetize its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, while integrating battery storage solutions. The company considers itself well-positioned to capitalize on growth opportunities in international solar markets.
The original press release is available on NewMediaWire.
