European Science Park Group (ESPG AG), a real estate company specializing in science parks, reported positive Group Earnings of EUR 0.5 million for the 2025 financial year, marking a return to profitability for the first time since 2022. The company's preliminary results, released on March 31, 2026, show significant improvement from the previous year's loss of EUR -24.8 million, driven by reduced financing costs and stable operational performance.
Adjusted Gross Rental Income remained stable at EUR 15.9 million, compared to EUR 16.4 million in 2024, reflecting resilient portfolio performance. Equity increased to EUR 83.1 million, up 4.6% from EUR 79.5 million, while the loan-to-value ratio (LTV) stood at 58.3%, indicating a solid financial structure. The real estate portfolio value remained virtually unchanged at EUR 214.5 million, underscoring the stability of the science park assets in a challenging market.
“After two challenging years, we have achieved a financial turnaround,” said Ralf Nocker, Member of the Management Board of ESPG AG. “Both the significant relief on the interest side and the stable operational performance have contributed to ESPG not only reaching break-even in the first half of 2025 but also reporting a balanced Group result for the full year.” The reported figures exclude one-off effects, including a EUR 2.8 million penalty payment from a tenant and EUR 0.9 million in restructuring expenses.
Looking ahead, ESPG expects higher vacancy levels in early 2026 due to tenant departures in Q4 2025, which will increase investment needs. However, the company has already made progress in pre-letting space, signing new lease agreements with firms such as Silicon Labs and Helmsauer, and letting additional space in Science Park Ulm. ESPG anticipates further lease agreements covering several thousand square meters in the near future.
The full 2024 financial report is available on the company’s website at https://espg.space/investor_relations/financial-statements/. ESPG's portfolio currently comprises 16 science parks across Europe, totaling 126,000 square meters, with tenants from life sciences, green technologies, and digital transformation sectors.
