European Science Park Group (ESPG AG), a real estate company specializing in science parks, has published its consolidated financial statements for the 2025 financial year, confirming a clearly positive annual result. The audited figures, which received an unqualified audit opinion, show group earnings of EUR 2.3 million, a stark improvement from the EUR -24.8 million loss in 2024. This turnaround underscores the effectiveness of the financial reorganization completed in the previous year.
Income from property management rose to EUR 18.0 million in 2025, compared with EUR 16.4 million in 2024. The result from property management increased to EUR 11.6 million, up from EUR 7.3 million. This improvement was partly driven by a one-off effect from the termination of a larger lease agreement. EBIT reached EUR 9.5 million, reversing the negative EUR -11.2 million recorded in 2024. Excluding the one-off effect, group earnings stood at EUR 0.7 million.
Ralf Nocker, Member of the Management Board of ESPG AG, stated, '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.'
The company's equity increased slightly to EUR 83.7 million as of 31 December 2025, up from EUR 79.5 million a year earlier. Cash and cash equivalents doubled to EUR 4.7 million. The loan-to-value (LTV) ratio remained stable at 57.4% (2024: 58.6%), indicating financial stability. Christian Fendel, Director of Finance, noted, '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.'
ESPG AG's portfolio as of year-end comprised 16 science parks valued at approximately EUR 215 million. The company continues to focus on developing properties for tenants in research-driven sectors such as life sciences, green technologies, and digital transformation. Key operational priorities include reducing vacancies through new lease agreements and executing maintenance and modernization projects. The company has also classified one property as held for sale as part of its portfolio optimization strategy.
The audited 2025 consolidated financial statements are available for download on ESPG AG’s website at https://espg.space/investor_relations/financial-statements/. The positive results reflect the successful restructuring and position ESPG AG for future growth in the attractive German science park market.
