Dorad Energy Ltd.
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Ellomay Capital Ltd. Announces a Proposed Private Placement of Ordinary Shares to Israeli Institutional and Classified Investors for Approximately NIS 50 Million
Globenewswire· 2025-07-14 06:15
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].
Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Three Months Ended March 31, 2025
Globenewswire· 2025-05-30 10:45
Core Viewpoint - Ellomay Capital Ltd. reported its indirect share in Dorad Energy Ltd.'s financial results for the three months ended March 31, 2025, highlighting its 9.4% ownership through Ellomay Luzon Energy [1][3]. Financial Performance - Dorad's revenues for the three months ended March 31, 2025, were approximately NIS 610.6 million, with an operating profit of approximately NIS 76.9 million [7][15]. - The financial results indicate that Dorad's electricity demand is seasonal, with higher consumption during winter and summer months, affecting revenue and operational performance [4]. Financial Statements Overview - 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]. - Dorad's total assets as of March 31, 2025, were approximately NIS 4.67 billion, with total liabilities of approximately NIS 2.31 billion and total equity of approximately NIS 1.67 billion [12][14]. Cash Flow Analysis - For the three months ended March 31, 2025, Dorad reported net cash from operating activities of approximately NIS 190.1 million, with a net increase in cash and cash equivalents to approximately NIS 1.03 billion [19][20]. Company Background - Ellomay Capital Ltd. focuses on renewable energy and power sectors in Europe, the USA, and Israel, with significant investments in solar power and other renewable projects [6][8].
Ellomay Capital Announces the Filing of the Annual Report on Form 20-F for 2024
GlobeNewswire News Room· 2025-04-30 20:30
Core Viewpoint - Ellomay Capital Ltd. has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the Securities and Exchange Commission, highlighting its focus on renewable energy projects in Europe, the USA, and Israel [1]. Financial Performance - The Annual Report indicates a decrease of approximately €0.6 million in depreciation and amortization costs and a decrease of approximately €0.1 million in tax benefit for the year ended December 31, 2024, compared to the unaudited financial results published on March 31, 2025 [3]. Company Overview - Ellomay Capital Ltd. is an Israeli company listed on the NYSE American and the Tel Aviv Stock Exchange under the symbol "ELLO," focusing on renewable energy and power sectors since 2009 [4]. - The company has invested in various renewable energy projects, including approximately 335.9 MW of operating solar power plants in Spain and 38 MW in Italy [4]. - Ellomay holds a 9.375% indirect interest in Dorad Energy Ltd., which operates one of Israel's largest private power plants with a production capacity of approximately 850 MW [4]. - 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 [4]. - Ellomay is also developing a 156 MW pumped storage hydro power plant in Israel and has solar projects in Italy and Texas with a total capacity of approximately 343 MW [4].