European Science Park Group (ESPG AG), specialising in real estate within science parks, has presented its consolidated financial statements for the 2025 financial year. The final business figures confirm the preliminary data and show a positive consolidated net profit of 2.3 million Euros. The consolidated financial statements received an unqualified audit opinion, which underscores the consolidation of the company's financial situation after a period of restructuring.
Ralf Nöcker, CEO of ESPG AG, commented on this development by noting the positive continuation of the path taken over the past two years. He emphasised that the financial reorganisation has created a solid starting position for the targeted promotion of projects. With its portfolio of science parks, the generated annual net profit, and a stable Loan-to-Value (LTV) ratio, the company sees itself well-positioned for the next phase of corporate development. This strategy also includes the active exploitation of market opportunities and the consistent implementation of portfolio measures, including the classification of an asset as held for sale.
Financial Key Figures Confirm Strengthening
In the 2025 financial year, ESPG AG generated revenues from property management of 18.0 million Euros, an increase compared to the previous year's figure of 16.4 million Euros. The result from property management improved from 7.3 million Euros in 2024 to 11.6 million Euros. A one-off effect from the termination of a major lease agreement also contributed positively to the result. This development indicates that the initiated measures for operational stabilisation and targeted portfolio development were effective in the reporting year.
The improvement in the financial situation is also evident in other key figures. ESPG AG's EBIT, including the one-off effect, reached 9.5 million Euros, after the previous year still showed a negative earnings before interest and taxes of -11.2 million Euros. The consolidated net profit increased to 2.3 million Euros; without considering the one-off effect, it was 0.7 million Euros. This marks a clear departure from the previous year's figure of -24.8 million Euros, which was significantly impacted by restructuring activities. Equity amounted to 83.7 million Euros at the balance sheet date, slightly above the 79.5 million Euros at the end of 2024, after accounting for the financial reorganisation. Cash and cash equivalents increased to 4.7 million Euros at the end of 2025 from 2.3 million Euros in the previous year.
Christian Fendel, Director of Finance at ESPG AG, highlighted that an LTV of 57.4 per cent signifies high financial stability for ESPG AG. This position provides flexibility for further investments in science parks for targeted property development. The company is currently engaged in discussions regarding the prolongation and acquisition of additional loans on sustainable terms to ensure the further development of the portfolio on a reliable financing basis.
Strategic Direction and Market Analysis
As of 31 December 2025, ESPG AG's portfolio comprised 16 science parks with a total value of approximately 215 million Euros. The company's strategic focus remains on the targeted further development of the existing property portfolio towards science parks, with the aim of acquiring more tenants from future-oriented sectors related to research. For the coming months, ESPG AG plans to reduce vacancies by concluding further lease agreements and to systematically implement maintenance and modernisation measures within its existing properties.
ESPG AG continues to assess the science park segments in Germany as attractive. The spatial proximity to academic institutions, clinics, and research centres, coupled with sustained demand from innovation-driven sectors such as life sciences, green technologies, and digital transformation, continues to create conditions for the development of specialised property locations. Against this backdrop, ESPG AG also forecasts potential for further portfolio development in the future.
