hep global GmbH, a specialist in solar project development, reported a positive consolidated result for fiscal year 2025, marking a turnaround from the previous year's loss. The company generated revenue of EUR 45.8 million, within its forecast range of EUR 45 to 55 million, while earnings before interest and taxes (EBIT) improved to EUR 10.8 million from EUR -4.8 million in 2024. The consolidated result turned positive at EUR 2.9 million, compared to a loss of EUR 9.1 million the prior year. Operating cash flow also strengthened significantly to EUR 8.1 million, versus EUR -24.8 million in 2024.
The improved performance was driven by a strategic focus on the service business and a doubling of revenue from solar park project development, which reached 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. Work in progress rose to EUR 65.7 million, reflecting continued expansion of the international project pipeline, particularly in the U.S. and Germany.
Following the sale of its investment business in 2024, hep global has concentrated on developing and operating photovoltaic projects, emphasizing a "greenfield-first" approach to capture value early in the project lifecycle. The integration of battery storage systems is expected to create additional revenue streams and enhance project appeal to investors.
CEO Christian Hamann stated that the fiscal year 2025 represents a turning point, demonstrating the company's operational strength and return to profitability through consistent strategy execution. He highlighted the growth in project development revenue and the streamlining of operations as foundations for sustainable growth.
For fiscal year 2026, management forecasts revenue between EUR 45 and 55 million and EBIT between EUR 0 and 10 million. The lower EBIT forecast reflects a strategic partnership in the U.S. agreed in May 2026 and the expected timing of a comprehensive financing solution in the second half of the year. The company aims to expand its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, and to capitalize on growth opportunities through battery storage integration.
More details are available in the original release on NewMediaWire.
