hep global Revenue Jumps 72%, EBIT Turns Positive in H1 2026

hep global GmbH (hep global), a German specialist in solar and battery storage project development, reported a strong improvement in its operating performance for the first half of 2026. Revenue surged by around 72% to EUR 17.2 million, up from EUR 10.0 million in the same period of 2025, while earnings before interest and taxes (EBIT) turned positive at EUR 0.3 million, compared to a loss of EUR -2.4 million previously. The Group’s net loss also narrowed from EUR -6.8 million to EUR -3.8 million. CEO Martin Vogt attributed the turnaround to the strategic realignment focusing on greenfield project development and cost-cutting measures, though he noted that delayed marketing and implementation of individual projects partially offset the improved operating profitability.

Key revenue drivers were the project development and successful marketing of hybrid solar and battery storage projects in Germany, where revenue from project development services rose from EUR 6.8 million to EUR 14.7 million. Revenue from operation and maintenance of solar parks amounted to EUR 0.7 million, down from EUR 0.9 million. Further project progress in the U.S., Germany, and Japan increased work in progress by EUR 5.4 million. Cost-cutting measures initiated in 2025 and continued in 2026 paid off: personnel expenses fell from EUR 8.8 million to EUR 7.0 million, and other operating expenses dropped from EUR 9.9 million to EUR 6.8 million. In the U.S., hep global is focusing on smaller and medium-sized solar projects (distributed generation) and, through a partnership with an external investor, the newly founded HEP Solar Holdings USA, LLC received its first disbursements of mezzanine capital. In Germany, the focus is on developing economically attractive solar and battery storage projects and expanding the project pipeline, while in Japan, Poland, and Italy, the focus remains on developing and expanding the existing pipeline. Earnings contributions from project sales in these markets are anticipated from 2027 onwards.

In the third quarter of 2026, hep global streamlined its service business by transferring the operation of solar parks in Japan to an external service provider and aiming to sell its U.S. service business in the fourth quarter. This allows the Group to focus resources on project development. For fiscal year 2026, hep global now expects revenue of EUR 40 million to EUR 45 million and EBIT of EUR 1 million to EUR 5 million, down from previous targets of EUR 45 million to EUR 55 million and EUR 0 million to EUR 10 million, respectively. CFO Christian Hamann cited ongoing margin pressure and the postponement of planned project transactions due to the pending refinancing of the green bond 2021/2027 as reasons for the adjustment. The Half-Year Financial Report for 2026 is available for download on the company’s website at https://hepsolar.com/green-bond-2021-2026/. The original release is available on www.newmediawire.com.