Mr. Ran Fridrich will continue as Chief Executive Officer of the Company Tel-Aviv, Israel, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and USA, today announced that S. Nechama Investments (2008) Ltd., Kanir Joint Investments (2005) LP and Anat Raphael, who together currently hold approximately 45.9% of the Company’s outstanding sh ...

Core Insights - Ellomay Capital Ltd. has been awarded a tariff in Italy's Transitional FER X "NZIA" national competitive tender for its solar project "Ellomay 14," which is a significant step in the company's renewable energy initiatives in Italy [2][3][4]. Project Details - The Ellomay 14 project has a peak capacity of 20 MWp and is expected to generate approximately 32,200 MWh annually [3]. - The awarded tariff includes a fixed price of €68/MWh, with an additional €10/MWh regional supplement, resulting in a total supported price of €78/MWh [3][4]. - The project will benefit from a 20-year two-way Contract for Difference (CfD), ensuring price stability for 80% of its production [4]. Financial Projections - The total expected revenue for the Ellomay 14 project over the 20-year duration of the FER X "NZIA" is approximately €55 million [4]. - The tariff is indexed to the Italian CPI, enhancing revenue resilience and predictability [4]. Strategic Positioning - This award marks Ellomay's second successful tender result in recent weeks, following the award for the 79.5 MWp Ellomay 11 project [5]. - The company has established a diversified commercial presence in the Italian market, supported by a long-term power purchase agreement (PPA) with Statkraft [5][6]. Portfolio Overview - Ellomay's Italian portfolio includes 38 MW of operational projects, 160 MW under advanced construction expected to achieve commercial operation in 2026, and 210 MW that have reached Ready-to-Build status [6]. - The company has invested significantly in renewable energy projects across various regions, including Italy, Spain, and the USA [9].

Core Viewpoint - Ellomay Capital Ltd. has successfully secured a tariff for its solar project "Ellomay 14" in Italy, enhancing its commercial presence in the renewable energy sector and ensuring long-term revenue stability through a favorable pricing arrangement [1][4]. Project Details - The Ellomay 14 project has a peak capacity of 20 MWp and is expected to generate approximately 32,200 MWh annually [2]. - The project was awarded an operating fixed price of €68/MWh, with an additional regional supplement of €10/MWh, resulting in a total supported price of €78/MWh [2]. - The award includes a 20-year two-way Contract for Difference (CfD), providing price stability for 80% of the project's total production [3]. Financial Implications - The total expected revenue for the Ellomay 14 project over the 20-year duration of the FER X "NZIA" is approximately €55 million [3]. - The awarded tariff is indexed to the Italian CPI at 100% from the tender publication date until the project's commercial operation date, and 20% indexed to the CPI thereafter, enhancing revenue predictability [3]. Strategic Positioning - This award marks Ellomay's second successful result in the FER X tender process, following the award for the 79.5 MWp Ellomay 11 project [4]. - The company has a diversified portfolio in Italy, including 38 MW of operational projects and 210 MW that have reached Ready-to-Build status [5]. Leadership Insights - The CEO of Ellomay emphasized the importance of the award in reinforcing the company's commercial framework in Italy and its strategy of developing projects that offer stable, long-term value [6].

Core Viewpoint - Ellomay Capital Ltd. has received approval from the Israeli National Licensing Authority for the expansion of Dorad Energy Ltd.'s power plant, which includes the construction of a new generating unit with a capacity of approximately 650 MW [1][2]. Company Overview - Ellomay Capital Ltd. is an Israeli company listed on the NYSE American and the Tel Aviv Stock Exchange, focusing on renewable energy and power sectors in Europe, the USA, and Israel since 2009 [3]. - The company holds an indirect 16.9% stake in Dorad Energy Ltd. through its 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. [2]. Renewable Energy Investments - Ellomay has invested significantly in renewable energy projects across various countries, including Israel, Italy, Spain, the Netherlands, and Texas, USA [4]. - The company operates approximately 335.9 MW of solar power plants in Spain and holds a 51% interest in solar projects in Italy with an aggregate capacity of 160 MW [6]. - Dorad Energy Ltd. operates one of Israel's largest private power plants with a production capacity of approximately 850 MW [6]. Project Details - The approved expansion project for Dorad Energy Ltd. is referred to as "Dorad 2" and includes the installation of a new turbine along with the new generating unit [1][2]. - Ellomay is also involved in anaerobic digestion plants in the Netherlands with a combined green gas production capacity of approximately 16.3 million Nm3 per year [6].

- FER X Tender Award for an RtB 79.5 MW Solar Project in Italy- First Withdrawal under the Project Finance for a 198 MW Solar Portfolio Tel-Aviv, Israel, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and USA, today announced that Ellomay Solar Italy Eleven S.r.l. (an Italian project company 100% owned by the Company), was informed t ...

Airbus SE - Airbus SE is under pressure to meet its 2025 delivery target of approximately 820 aircraft, having delivered 507 jets by September, requiring 313 additional deliveries in the last quarter [2][7] - The company faces challenges due to supply chain disruptions, particularly in engine supply from manufacturers like CFM International and Pratt & Whitney, leading to a backlog of undelivered aircraft [2][7] - Despite these challenges, Airbus executives express cautious optimism about achieving the target, citing signs of recovery in engine supply [3] - Airbus reported robust third-quarter earnings, driven by strong performance in its defense and space unit [3] - The company secured a significant order for 100 A321neo aircraft from Vietjet Air, indicating strong global demand for fuel-efficient jets [3] - Airbus is advancing plans to consolidate its space business with rivals Thales and Leonardo to enhance competitiveness [3] Dorad Energy Ltd. - Dorad Energy Ltd., an indirect holding of Ellomay Capital Ltd., reported a loss for the three months ended June 30, 2025, primarily due to an increase of approximately NIS 72.7 million in financing expenses [5] - The surge in financing expenses was largely attributed to NIS/USD exchange rate differences affecting USD-denominated deposits [5] - Dorad's revenues in June 2025 decreased by approximately 22% compared to the same month in the previous year, influenced by ongoing military operations [5] - As of July 22, 2025, Ellomay Luzon Energy increased its indirect share in Dorad to approximately 16.9% by acquiring an additional 15% of Dorad's share capital [5]

Core Viewpoint - Ellomay Capital Ltd. reported the financial results of Dorad Energy Ltd. for the three and nine months ended September 30, 2025, highlighting its indirect ownership and the seasonal nature of electricity demand affecting revenues [1][3][4]. Financial Performance - Dorad's revenues for the three months ended September 30, 2025, were approximately NIS 919.1 million, with an operating profit of approximately NIS 205.8 million [8][16]. - For the nine months ended September 30, 2025, Dorad's total revenues were approximately NIS 2,096.4 million, a decrease from NIS 2,366.4 million in the same period of 2024 [16]. - The operating profit for the nine months ended September 30, 2025, was approximately NIS 339.6 million, compared to NIS 458.0 million in the same period of 2024 [16]. Seasonal Demand Impact - The demand for electricity is seasonal, with higher consumption during winter and summer months, which affects Dorad's revenues and operating results [4]. - The results for the quarter ended September 30, 2025, are not indicative of full-year performance due to the seasonal nature of electricity consumption and varying tariffs [4]. Ownership Structure - Ellomay Capital Ltd. holds an indirect interest of approximately 16.9% in Dorad Energy Ltd. through its 50% ownership of Ellomay Luzon Energy Infrastructures Ltd., which holds 33.75% of Dorad [1][2]. Financial Reporting - The financial statements of Dorad were prepared in accordance with International Financial Reporting Standards and will be included in Ellomay's financial results for the period [3][5]. - A convenience translation of Dorad's financial results was provided to facilitate access for Ellomay's shareholders [3].

Core Points - Ellomay Capital Ltd. held its annual general meeting on October 23, 2025, where several proposals were approved by the shareholders [1][4]. Group 1: Shareholder Proposals - The reelection of directors Ben Sheizaf, Ran Fridrich, Anita Leviant, and Ehud Gil was approved [4]. - An increase in the authorized share capital of the Company and related amendments to the Articles of Association and Memorandum of Association were approved [4]. - The purchase of a directors and officers liability insurance policy was approved [4]. - Updated terms of employment and payment of a bonus to Asaf Nehama, son of a controlling shareholder, were approved [4]. - Somekh Chaikin, a member of KPMG International, was reappointed as independent auditors for the fiscal year ending December 31, 2025, with the Board authorized to set their remuneration [4]. Group 2: Company Overview - Ellomay Capital Ltd. is focused on renewable energy and power generation in Europe, Israel, and the USA since 2009 [3]. - The Company has significant investments in solar power plants in Spain and Italy, with a total operating capacity of approximately 335.9 MW in Spain and 38 MW in Italy [5]. - Ellomay holds a 16.875% indirect interest in Dorad Energy Ltd., which operates a power plant in Israel with a capacity of approximately 850 MW [5]. - The Company is involved in anaerobic digestion projects in the Netherlands with a combined green gas production capacity of approximately 16.3 million Nm3 per year [5]. - Ellomay is constructing a 156 MW pumped storage hydro power plant in Israel and has solar projects in Texas with a total capacity of approximately 49 MW [5].

Financial Performance - Total revenues for the six months ended June 30, 2025, were €20,136 thousand, an increase of 3.5% compared to €19,456 thousand for the same period in 2024[5] - Operating profit (loss) for the period was €(2,369) thousand, compared to €(1,804) thousand in the prior year, indicating a decline in operational performance[5] - The company reported a loss from continuing operations of €(1,576) thousand for the six months ended June 30, 2025, an improvement from €(3,426) thousand in the same period of 2024[5] - The company reported a profit of €364,000 for the six months ended June 30, 2025, contrasting with a loss of €1,576,000 for the same period in 2024[12] - The company reported a loss before taxes of €3,347 thousand for the six months ended June 30, 2025, compared to a loss of €4,414 thousand for the same period in 2024, indicating an improvement in financial performance[83] Cash and Liquidity - Cash and cash equivalents increased to €46,500 thousand as of June 30, 2025, up from €41,134 thousand at the end of 2024, reflecting improved liquidity[4] - Cash flows from operating activities for the six months ended June 30, 2025, provided €5,053,000, compared to €468,000 for the same period in 2024[13] - As of June 30, 2025, cash and cash equivalents totaled €171,511,000, up from €139,747,000 at the end of the previous period[12] - As of June 30, 2025, short-term restricted cash increased to €13,930 thousand from €656 thousand in December 2024, while long-term restricted cash decreased to €13,128 thousand from €17,052 thousand[41] Assets and Liabilities - Total assets as of June 30, 2025, were €729,314 thousand, a rise from €677,257 thousand at the end of 2024, indicating growth in the company's asset base[4] - Total liabilities increased to €583,093 thousand as of June 30, 2025, compared to €547,972 thousand at the end of 2024, suggesting a rise in financial obligations[4] - The carrying amount of non-current liabilities, including debentures and loans, totaled €523,256,000 as of June 30, 2025[72] Equity and Shareholder Value - The share capital remained stable at €25,613 thousand, while the share premium slightly increased to €86,275 thousand as of June 30, 2025[6] - The accumulated deficit decreased to €(11,251) thousand from €(11,561) thousand at the beginning of the year, indicating a reduction in losses attributable to shareholders[6] - Total equity attributed to shareholders of the company increased to €119,141 thousand as of June 30, 2025, compared to €118,622 thousand at the end of 2024, indicating a slight growth in shareholder value[4] Investments and Projects - As of June 30, 2025, the Company owns eleven solar plants with a total installed capacity of approximately 35.9 MW in Spain, 300 MW in Talasol, 38 MW in Italy, and 27 MW in Texas, USA[15] - The Company indirectly owns 51% of solar projects in Italy with an aggregate capacity of 160 MW that have commenced construction, and 100% of projects with an aggregate capacity of 134 MW that have reached Ready to Build status[16] - The Company is developing additional solar projects in Italy, the USA, Spain, and Israel, indicating ongoing market expansion efforts[16] - Two solar projects in Texas with a total capacity of approximately 27 MW were placed in service in December 2024, and an additional 11 MW project was connected to the grid in July 2025[66] - In Italy, one solar plant with an 18 MW capacity was connected to the grid in January 2025, and construction on additional projects totaling 160 MW has commenced[67] Financing and Debt - In February 2025, the Company issued Series G Debentures amounting to NIS 214,479,000 (approximately €56.7 million), with a fixed interest rate of 6.34% per year, repayable in seven non-equal installments from 2026 to 2032[18][20] - The Series G Deed of Trust includes financial covenants requiring the Company's adjusted balance sheet equity to be no less than €80 million for two consecutive quarters[23] - The Company is required to maintain a Series G Ratio of Net Financial Debt to Adjusted EBITDA not higher than 11 for three consecutive quarters to avoid immediate repayment provisions[23] - The company entered into a $5 million revolving loan agreement in September 2025, with a term of up to one year[97] Legal and Regulatory Matters - The company is involved in ongoing legal proceedings regarding the sale of shares in Dorad, with a preliminary hearing scheduled for November 11, 2025[56] - The provision for legal claims increased significantly to €2,218 thousand as of June 30, 2025, from €515 thousand as of December 31, 2024, highlighting potential legal challenges[80] - The company plans to contest a consultancy fee claim, which is included in the provision for legal claims, indicating proactive management of potential liabilities[80] Operational Challenges - Dorad's revenues in June 2025 decreased by approximately 22% compared to the same month in the previous year due to the ongoing conflict in Israel[32] - The Company has not experienced significant impacts from the war in Israel on its operating facilities located outside of Israel, primarily in Spain, Italy, the Netherlands, and the USA[32] - The company has a seasonal cycle in solar power production, with lower output during winter months due to reduced sunlight[39] Miscellaneous - The company’s management has made significant judgments in applying accounting policies, which may affect reported amounts of assets and liabilities[38] - A right-of-use asset of €7,375 thousand has been recognized for leases of land, with a corresponding lease liability[91] - The company's lease liabilities total €33,744 thousand, with €791 thousand due within one year[93]

Core Insights - Ellomay Capital Ltd. reported its unaudited interim consolidated financial results for the first half of 2025, showing a revenue increase of approximately 3.5% compared to the same period last year, with total revenues reaching approximately €20.1 million [4][3]. Financial Overview - Total assets as of June 30, 2025, amounted to approximately €729.3 million, an increase from approximately €677.3 million as of December 31, 2024 [3]. - Revenues for the three months ended June 30, 2025, were approximately €11.3 million, slightly up from €11.2 million for the same period in 2024 [3]. - Loss for the three months ended June 30, 2025, was approximately €8.4 million, compared to a profit of approximately €1.6 million for the same period in 2024 [3]. - EBITDA for the six months ended June 30, 2025, was approximately €6.1 million, down from approximately €6.5 million for the same period in 2024 [3]. - Operating expenses decreased to approximately €9.2 million for the six months ended June 30, 2025, from approximately €9.5 million for the same period in 2024 [3]. - Financing expenses, net, were approximately €1 million for the six months ended June 30, 2025, down from approximately €2.6 million for the same period in 2024 [3]. Project Development and Future Outlook - In Italy, financing agreements were signed for solar projects totaling 198 MW, with construction on 160 MW already underway [5]. - In the USA, the construction of the first four projects (49 MW) has been completed, with three connected to the grid [6]. - In the Netherlands, the company expects to receive a license to increase production at the GGG facility by 64% [7]. - In Israel, negotiations are ongoing with the Israeli Electricity Authority for compensation related to project delays and war damage [8]. Other Financial Highlights - The company's share of profit from equity accounted investees was approximately €12 thousand for the six months ended June 30, 2025, down from approximately €1.8 million for the same period in 2024 [3]. - Other income for the six months ended June 30, 2025, was approximately €1.4 million, compared to €0 for the same period in 2024 [3]. - Tax benefit was approximately €1.8 million for the six months ended June 30, 2025, compared to €1 million for the same period in 2024 [3].