European Science Park Group (ESPG AG) has published its consolidated financial statements for the 2025 financial year, confirming a clearly positive annual result with an unqualified audit opinion. The final figures largely matched the preliminary results announced on 31 March 2026, showing a significant improvement from the previous year's losses. The company reported EBIT of EUR 9.5 million, compared to EUR -11.2 million in 2024, and Group earnings of EUR 2.3 million, versus EUR -24.8 million the prior year. The loan-to-value (LTV) ratio remained stable at 57.4%, down slightly from 58.6% in 2024.
Income from property management rose to EUR 18.0 million in 2025, up from EUR 16.4 million in 2024, while the result from property management increased to EUR 11.6 million from EUR 7.3 million. The improvement was partly driven by a one-off effect from the termination of a larger lease agreement. Excluding this effect, Group earnings amounted to EUR 0.7 million. Cash and cash equivalents more than doubled to EUR 4.7 million at year-end 2025, compared to EUR 2.3 million in the previous year. Equity stood at EUR 83.7 million, slightly above the EUR 79.5 million reported at the end of 2024, reflecting the financial reorganisation completed during the period.
Ralf Nocker, Member of the Management Board of ESPG AG, stated that the company is now well positioned to drive projects forward from a solid foundation, actively take advantage of market opportunities, and implement selected portfolio measures. He noted that one property has already been classified as held for sale. Christian Fendel, Director of Finance, highlighted that the LTV provides financial stability and flexibility for further investments in science parks, and that discussions are ongoing regarding loan extensions and additional financing on sustainable terms.
As of 31 December 2025, ESPG AG's portfolio comprised 16 science parks valued at approximately EUR 215 million. The company continues its strategy of developing real estate towards science parks and attracting tenants from research-driven industries such as life sciences, green technologies, and digital transformation. Key operational tasks for the coming months include reducing vacancies through new lease agreements and carrying out maintenance and modernisation measures across the portfolio. The audited 2025 consolidated financial statements are available for download on ESPG AG's website at https://espg.space/investor_relations/financial-statements/.
