European Science Park Group (ESPG AG) has released its audited consolidated financial statements for the 2025 financial year, confirming a clearly positive annual result. The company, which specializes in science parks, reported Group earnings of EUR 2.3 million, a sharp improvement from the EUR -24.8 million loss in 2024. The financial statements received an unqualified audit opinion, underscoring the credibility of the reported figures.
The positive performance is attributed to a successful financial reorganization and strategic portfolio measures. Income from property management rose to EUR 18.0 million, up from EUR 16.4 million in the previous year, while the result from property management increased to EUR 11.6 million from EUR 7.3 million. EBIT improved dramatically to EUR 9.5 million, compared to a negative EUR -11.2 million in 2024. This turnaround was supported by a one-off effect from the termination of a larger lease agreement, which contributed to the earnings boost. Excluding this effect, Group earnings stood at EUR 0.7 million.
Ralf Nocker, Member of the Management Board of ESPG AG, commented on the results: "The published financial figures show that we were able to continue on the course we have pursued over the past two years and achieve a positive result. Following the financial reorganisation, we are now once again in a position to act from a solid foundation and drive our projects forward in a targeted manner." He also noted that one property has been classified as held for sale, indicating active portfolio management.
The company's financial stability is further evidenced by a stable Loan-to-Value (LTV) ratio of 57.4%, slightly down from 58.6% in 2024. Equity increased to EUR 83.7 million from EUR 79.5 million, and cash and cash equivalents doubled to EUR 4.7 million from EUR 2.3 million. Christian Fendel, Director of Finance of ESPG AG, highlighted: "With an LTV of 57.4%, ESPG AG has a high degree of financial stability. This gives us flexibility for further investments in our science parks." He added that the company is in discussions for loan extensions and new financing on sustainable terms.
As of December 31, 2025, the portfolio comprised 16 science parks with a value of approximately EUR 215 million. The company continues to focus on developing science parks for tenants in research-driven industries such as life sciences, green technologies, and digital transformation. Key operational priorities for the coming months include reducing vacancies through new lease agreements and executing maintenance and modernization projects across the portfolio.
ESPG AG views the science park market in Germany as attractive, citing proximity to universities, hospitals, and research institutions, as well as demand from innovation-driven sectors. The company sees further potential for targeted portfolio development. The audited 2025 consolidated financial statements are available for download on ESPG AG’s website at https://espg.space/investor_relations/financial-statements/.
