sp75294.exe is a specific HP SoftPaq file used to update the BIOS to version F.78 Rev.A for several HP laptop series, most notably the HP Pavilion 15-ab200 HP Support Community Summary of Feedback & "Reviews" Based on user reports from the HP Support Community

However, like any .exe file, it is theoretically possible for malware to disguise itself using a legitimate file name. You can verify the safety of your file by checking these two factors:

If you can provide any of the following, I can give a sharper assessment: