Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Year Ended December 31, 2025

Core Viewpoint - Ellomay Capital Ltd. reported its indirect share in Dorad Energy Ltd.'s financial results for the year ended December 31, 2025, highlighting the impact of seasonal electricity demand and geopolitical events on revenues and operations [1][3][5]. Financial Performance - Dorad's revenues for the year ended December 31, 2025, were approximately NIS 2,650.5 million, a decrease from NIS 2,863.8 million in 2024 [7][13]. - The operating profit for Dorad in 2025 was approximately NIS 385.4 million, down from NIS 596.4 million in 2024 [7][13]. - Net profit for the year was NIS 148.4 million, compared to NIS 452.3 million in 2024 [13]. Seasonal Demand and Pricing - Electricity demand for Dorad's customers is seasonal, with higher consumption during winter and summer months due to extreme climate conditions [4]. - The TAOZ tariff, which varies by season and time of day, is generally higher in summer, affecting revenue [4]. Geopolitical Impact - The ongoing war situation in Israel, particularly the confrontation with Iran that began on June 13, 2025, has significantly impacted Dorad's operations, leading to a 22% revenue decrease in June 2025 compared to the previous year [5]. - The company continues to monitor the geopolitical situation and its potential effects on operations and asset values [5]. Financial Statements and Reporting - Dorad's financial statements were prepared in accordance with International Financial Reporting Standards and will be included in Ellomay's financial results [3][6]. - A convenience translation of Dorad's financial results was provided to facilitate access for Ellomay's shareholders [3]. Company Overview - Ellomay Capital Ltd. focuses on renewable energy and power generation projects in Europe, Israel, and the USA, with significant investments in various renewable energy sectors [8].