hep global GmbH, a specialist in solar project development, announced the successful conclusion of fiscal year 2025 with a positive consolidated result. 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 result improved from a loss of EUR 9.1 million to a profit of EUR 2.9 million. Operating cash flow also turned positive, reaching EUR 8.1 million against a negative EUR 24.8 million in the prior year.
The positive performance was driven by a consistent focus on the service business and a significant increase in revenue from solar park project development, which more than doubled to EUR 41.9 million from EUR 18.8 million in 2024. Key contributors were project development services in Germany and Poland. The company also reduced its cost base and improved operational efficiency. The 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. The balance sheet value of work in progress increased to EUR 65.7 million, indicating high value addition and progress in ongoing developments.
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, aiming to unlock additional value throughout the development process. Battery storage systems are increasingly integrated to create additional revenue streams. CEO Christian Hamann stated, "The 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." He added that the significant growth in project development revenue shows the international pipeline is generating value.
For fiscal year 2026, management forecasts 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 upon in May 2026. Management attributes the lower EBIT forecast to the expected implementation of a comprehensive financing solution in the second half of the year. The company plans to further expand its project pipeline in core markets including Germany, Italy, Poland, the U.S., Canada, and Japan, and gradually monetize it. With the expansion of project development and integration of battery storage, hep global believes it is well-positioned to capitalize on growth opportunities in international solar markets.
More details are available in the original release at NewMediaWire. Information about the company can be found on its website at hep solar.
