Tel-Aviv, Israel, Oct. 23, 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 at the annual general meeting of the Company’s shareholders, held on October 23, 2025 (the “AGM”), the following proposals were adopted and approved by the required majority (including the special majority required in connection with propos ...

Exhibit 99.2 Ellomay Capital Ltd. and its Subsidiaries Unaudited Condensed Consolidated Interim Financial Statements As at June 30, 2025 Ellomay Capital Ltd. and its Subsidiaries Unaudited Condensed Consolidated Interim Financial Statements Contents | | Page | | --- | --- | | Unaudited condensed consolidated interim statements of financial position | F-2 | | Unaudited condensed consolidated interim statements of profit or loss and other comprehensive income or loss | F-3 | | Unaudited condensed consolidated ...

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].

Core Viewpoint - Ellomay Capital Ltd. is set to hold its annual general meeting on October 23, 2025, to discuss key corporate matters including director reelections and financial approvals [1][2]. Meeting Agenda - The agenda includes the reelection of directors Ben Sheizaf, Ran Fridrich, Anita Leviant, and Ehud Gil [2] - Approval for an increase in authorized share capital and amendments to the Company's Articles of Association [2] - Approval of a directors and officers liability insurance policy [2] - Approval of updated employment terms and bonus payment for Asaf Nehama, son of a controlling shareholder [2] - Reappointment of Somekh Chaikin as independent auditors for the fiscal year ending December 31, 2025 [2] - Receipt and consideration of the Auditors' Report and Financial Statements for the fiscal year ended December 31, 2024 [2] Voting Eligibility and Process - Shareholders of record as of September 18, 2025, are entitled to vote at the Meeting [3] - A proxy statement will be mailed around September 19, 2025, detailing the proposals [3] - Voting can be conducted via proxy card or through the electronic system of the Israel Securities Authority [6] Special Voting Requirements - Resolutions require a majority vote from ordinary shares present at the Meeting [4] - Additional special voting requirements apply to certain proposals related to controlling shareholders [4] Company Overview - Ellomay Capital Ltd. is focused on renewable energy and power generation in Europe, Israel, and the USA [7] - The company has invested in various renewable energy projects across multiple countries including Israel, Italy, Spain, the Netherlands, and Texas, USA [8][11]

Core Viewpoint - Ellomay Capital Ltd. reported its indirect shareholding in Dorad Energy Ltd. and provided a translation of Dorad's financial results for the three and six months ended June 30, 2025, highlighting significant financial impacts due to external events and operational challenges [1][3][4]. Financial Performance - Dorad's revenues for the three months ended June 30, 2025, were approximately NIS 566.8 million, with an operating profit of approximately NIS 56.9 million [8][20]. - The company experienced a loss primarily due to an increase of approximately NIS 72.7 million in financing expenses compared to the same period in 2024, attributed to NIS/USD exchange rate fluctuations [5][21]. - Dorad's revenues in June 2025 decreased by approximately 22% compared to June 2024, influenced by military operations and economic restrictions in Israel [6]. Ownership Structure - As of June 30, 2025, Ellomay indirectly held approximately 9.4% of Dorad through its 50% ownership of Ellomay Luzon Energy, which increased to approximately 16.9% following the acquisition of an additional 15% of Dorad's share capital [1][4]. Economic and Operational Context - The Israeli economy faced significant disruptions due to military operations, leading to restrictions on movement and gatherings, which adversely affected Dorad's operations [6]. - Dorad's financial statements were prepared in accordance with International Financial Reporting Standards, and the company continues to monitor the ongoing situation and its potential long-term impacts [3][6]. Seasonal Demand - Dorad's electricity demand is seasonal, with higher consumption during summer and winter months, which affects revenue generation [7][9].

Core Viewpoint - Ellomay Capital Ltd. has successfully acquired a 15% stake in Dorad Energy Ltd., increasing its total ownership to 33.75% through its subsidiary, Ellomay Luzon Energy [1][2]. Group 1: Acquisition Details - The acquisition was executed by exercising the right of first refusal related to a sale by Zorlu Enerji Elektrik Üretim A.S., a former shareholder of Dorad [2]. - Ellomay Luzon Energy and Edelcom Ltd. each agreed to purchase 7.5% of Dorad's shares, but Edelcom's agreement was terminated due to unmet conditions, allowing Ellomay Luzon Energy to acquire the full 15% [2]. Group 2: Financial Aspects - The total consideration for the shares was approximately NIS 424 million (around €108 million), funded through a Loan Agreement with three tranches: - First Loan: NIS 175 million (approximately €45 million) with variable interest based on the Israeli Prime Rate [3]. - Second Loan: NIS 175 million (approximately €45 million) with a fixed interest rate between 5% and 6% [3]. - Third Loan: NIS 70 million (approximately €18 million) with variable interest based on the Israeli Prime Rate [3]. Group 3: Loan Agreement Terms - The repayment structure for the loans includes: - First Loan: Four semi-annual payments starting December 31, 2031 [4]. - Second Loan: Sixteen semi-annual payments starting December 31, 2025 [4]. - Third Loan: One payment due on December 31, 2025, with a possible extension until December 31, 2026 [4]. - The Loan Agreement includes a first ranking fixed pledge on the rights related to an account with the lender, where all amounts due from Dorad will be deposited [5]. Group 4: Legal Proceedings - Edelcom filed a request for injunctions to prevent the sale of shares to any third party other than itself, but the court rejected the request for ex parte relief [7]. - A hearing regarding the matter is scheduled for August 6, 2025, with updates required from Edelcom by July 22, 2025 [7]. Group 5: Company Overview - Ellomay Capital Ltd. is focused on renewable energy and power sectors in Europe, the USA, and Israel, with shares listed on NYSE American and the Tel Aviv Stock Exchange [8]. - The company has made significant investments in renewable energy projects across various countries, including Israel, Italy, Spain, the Netherlands, and Texas, USA [9].

Core Viewpoint - Ellomay Capital Ltd. has announced a private placement of 926,000 ordinary shares, which will result in an affiliate of Menora Mivtachim Holdings Ltd. becoming an interested party, holding approximately 6% of the company's outstanding shares [1][2]. Group 1: Private Placement Details - The price per share in the private placement was set at NIS 54 (approximately $16.3), with expected gross proceeds of approximately NIS 50 million [2]. - The closing prices per share on the Tel Aviv Stock Exchange were NIS 56.88 and NIS 58.53 on July 8 and July 9, 2025, respectively [2]. - The closing of the private placement is subject to regulatory approvals expected to be obtained during July 2025 [3]. Group 2: Company Overview - Ellomay Capital Ltd. is focused on renewable energy and power generation projects in Europe, the USA, and Israel since 2009 [5]. - The company has significant investments in solar power plants in Spain and Italy, as well as interests in one of Israel's largest private power plants, with a production capacity of approximately 850 MW [8]. - Ellomay is involved in various renewable energy projects, including anaerobic digestion plants in the Netherlands and pumped storage hydro power projects in Israel [8].

Core Viewpoint - Ellomay Capital Ltd. has signed long-term power purchase agreements (PPAs) with Statkraft for three solar plants in Italy, reinforcing its strategy in the renewable energy sector [1][2] Company Overview - Ellomay Capital Ltd. is an Israeli company focused on renewable energy and power generation, with operations in Europe, the USA, and Israel [3] - The company holds a 51% interest in various renewable energy projects, including approximately 335.9 MW of solar power plants in Spain and 38 MW in Italy [3] Recent Developments - The signed PPAs cover 75% of the capacity of three operating solar plants in Italy, totaling approximately 38 MW [1] - The agreements are part of Ellomay's strategy to enhance the value and stability of its renewable platform across key European markets [2] Future Plans - Ellomay aims to structure similar agreements for its remaining Italian solar portfolio, which includes 160 MW under construction, 124 MW with construction permits, and an additional 140 MW expected to receive permits soon [2][9] Strategic Partnerships - The collaboration with Statkraft, Europe's largest renewable energy generator, is expected to strengthen Ellomay's position in the market and provide long-term stability for its renewable assets [2][5] - Statkraft's involvement highlights its commitment to driving the energy transition and delivering competitive green supply solutions [5]

Core Viewpoint Ellomay Capital Ltd. reported significant financial improvements for the first quarter of 2025, including increased revenues and a return to profitability, driven by new solar projects and favorable financing conditions. Financial Overview - Total assets as of March 31, 2025, were approximately €721.2 million, up from €677.3 million as of December 31, 2024, reflecting a growth of about 6.5% [4] - Revenues for the three months ended March 31, 2025, were approximately €8.9 million, a 9% increase from €8.2 million in the same period of 2024 [4][5] - Profit for the three months ended March 31, 2025, was approximately €6.8 million, compared to a loss of approximately €4.9 million for the same period in 2024 [4] - EBITDA for the three months ended March 31, 2025, was approximately €2.9 million, an increase of about 81% from €1.6 million in the corresponding quarter last year [4][5] Revenue Drivers - The increase in revenues was primarily due to contributions from new solar facilities in Italy, specifically a 19.8 MW and an 18.1 MW project that were connected to the grid in early 2024 and January 2025, respectively [4] - Operating expenses remained stable at approximately €4.6 million for both the first quarter of 2025 and 2024 [4] Project Development and Future Outlook - In Italy, financing agreements for solar projects totaling 198 MW have been signed, with 38 MW already connected to the grid and construction of 160 MW underway [6] - In the US, the company is advancing solar projects with a capacity of approximately 50 MW, expected to begin construction in 2025 [7] - In the Netherlands, a license to increase production at the GGG facility by 64% has been received, with additional licenses in advanced stages [8] - In Israel, negotiations are ongoing with the Israeli Electricity Authority for compensation related to project delays and damages [9] Comprehensive Income - Total comprehensive income for the three months ended March 31, 2025, was approximately €1.9 million, down from €7.1 million in the same period of 2024 [4] - Total other comprehensive loss was approximately €4.9 million for the first quarter of 2025, compared to total other comprehensive income of approximately €12 million in the same quarter of 2024 [4] Financing Activities - The company issued Series G Debentures in February 2025, raising approximately NIS 214.5 million (about €56.7 million) [4]

Core Insights - Ellomay Capital Ltd. has successfully closed an investment transaction with Clal Insurance Company Ltd. for a 198 MW solar portfolio in Italy, granting Clal a 49% interest in the portfolio [1][3] 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 [4] Investment Details - The investment transaction with Clal involves both operating projects and projects under construction and development in Italy [1] - Clal received a warrant to purchase ordinary shares of the Company as part of the transaction [2] Strategic Significance - The CEO of Ellomay highlighted the transaction as a significant milestone in the company's strategic growth and development plan, indicating strong confidence in the company's vision and leadership [3]