hep global GmbH, a specialist in solar project development, has announced its audited consolidated financial results for fiscal year 2025, showing a significant turnaround from the previous year. The company reported revenue of EUR 45.8 million, within its forecast range of EUR 45-55 million, and earnings before interest and taxes (EBIT) of EUR 10.8 million, also within the projected EUR 5-15 million range. The consolidated result improved from a loss of EUR 9.1 million in 2024 to a profit of EUR 2.9 million. Operating cash flow swung from negative EUR 24.8 million to positive EUR 8.1 million.
The positive performance was driven by a consistent focus on the service business and a surge in revenue from solar park project development, which more than doubled to EUR 41.9 million from EUR 18.8 million in the prior year. 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 increased to EUR 65.7 million, reflecting development, planning, procurement, and construction services for solar park projects in the U.S. and Germany. This underscores the expansion of the international project pipeline and high activity levels.
CEO Christian Hamann remarked, "The fiscal year 2025 marks an important turning point for hep global. We have succeeded in returning to profitability through consistent strategy implementation and strong operational performance." He highlighted that the growth in project development revenue demonstrates the value generation from the international pipeline, while organizational streamlining and process optimization have laid the foundation for sustainable growth.
Since selling its investment business at the end of 2024, hep global has focused entirely on developing and operating photovoltaic projects. The company's "greenfield-first" approach emphasizes early-stage independent development to capture value throughout the process. Battery storage systems are increasingly integrated to create additional revenue streams.
For fiscal year 2026, management forecasts revenue of EUR 45-55 million and EBIT of EUR 0-10 million. The lower EBIT forecast reflects a changed strategy in the U.S. following a strategic partnership with an external investor agreed in May 2026. The comprehensive financing solution targeted for 2026 is expected to be implemented in the second half of the year, affecting both revenue and EBIT timing.
The company plans to consistently implement strategic measures initiated in recent years, expanding the project pipeline in core markets: Germany, Italy, Poland, the U.S., Canada, and Japan. With a strong pipeline and integration of battery storage, hep global aims to capitalize on growth opportunities in international solar markets.
For more details, the original release is available on NewMediaWire.
