ESPG AG Reports Positive Annual Result for 2025, Marking Turnaround After Restructuring

European Science Park Group (ESPG AG), a real estate company specializing in science parks, has released its audited consolidated financial statements for the 2025 financial year, confirming a clearly positive annual result. The company reported Group earnings of EUR 2.3 million, a stark contrast to the EUR -24.8 million loss recorded in 2024, signaling a successful turnaround following its financial reorganization.

The 2025 figures, which received an unqualified audit opinion, largely matched the preliminary results published on 31 March 2026. Income from property management rose to EUR 18.0 million from EUR 16.4 million in the prior year, while the result from property management increased to EUR 11.6 million, up from EUR 7.3 million. The improvement was partly driven by a one-off effect from the termination of a larger lease agreement, which contributed positively to earnings.

Earnings before interest and taxes (EBIT) reached EUR 9.5 million, reversing the negative EBIT of EUR -11.2 million in 2024. Excluding the one-off effect, Group earnings stood at EUR 0.7 million. The loan-to-value (LTV) ratio remained stable at 57.4%, down slightly from 58.6% in the previous year, reflecting financial stability. Cash and cash equivalents more than doubled to EUR 4.7 million at year-end 2025, compared with EUR 2.3 million a year earlier.

“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,” said Ralf Nocker, Member of the Management Board of ESPG AG. Nocker also noted that one property has been classified as held for sale as part of portfolio optimization.

Christian Fendel, Director of Finance, highlighted the company’s financial flexibility: “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.” Fendel added that discussions are underway regarding loan extensions and new financing on sustainable terms.

As of 31 December 2025, ESPG’s portfolio comprised 16 science parks valued at approximately EUR 215 million. The company continues to target tenants from future-oriented industries such as life sciences, green technologies, and digital transformation. Key operational priorities include reducing vacancies and implementing maintenance and modernization measures.

The audited 2025 consolidated financial statements are available for download on ESPG AG’s website at https://espg.space/investor_relations/financial-statements/.

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