hep global GmbH, a specialist in solar project development, reported a positive consolidated result of EUR 2.9 million for fiscal year 2025, a significant turnaround from a loss of EUR 9.1 million in 2024. The company's EBIT improved to EUR 10.8 million from a negative EUR 4.8 million, while revenue reached EUR 45.8 million, within the forecast range of EUR 45 to 55 million. Operating cash flow surged to EUR 8.1 million from negative EUR 24.8 million, underscoring stronger operational performance.
The positive results were driven by a focus on service business and a doubling of revenue from solar park project development to EUR 41.9 million, primarily from projects in Germany and Poland. The company also reduced its cost base and increased operational efficiency. Inventories of work in progress rose to EUR 65.7 million, reflecting ongoing projects in the U.S. and Germany.
Since selling its investment business at the end of 2024, hep global has concentrated on developing and operating photovoltaic projects, emphasizing a "greenfield-first" approach to capture value throughout development. The company is also integrating battery storage systems to create additional revenue streams.
CEO Christian Hamann stated that 2025 marks a turning point, demonstrating operational performance through strategy execution rather than one-time effects. He highlighted that the international pipeline is generating value and that the company is positioned for sustainable growth with a strong project pipeline in core markets.
For fiscal year 2026, hep global forecasts revenue of EUR 45 to 55 million and EBIT of EUR 0 to 10 million. The lower EBIT forecast reflects a strategic partnership in the U.S. reached in May 2026 and the expected timing 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, and increase integration of battery storage.
The hep global Group, headquartered in Güglingen, Germany, has over 15 years of experience developing, building, and operating solar parks in Europe, Japan, and North America. The company employs around 160 people across subsidiaries in Germany, Italy, Poland, the U.S., Canada, and Japan. More information is available at www.hepsolar.com.
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