StockWatch
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Electric Utilities: Central
Quarterly ResultMay 27, 2026, 06:03 AM

Ellomay Capital Q1 Loss €12.2M; Sells Ellomay Luzon for €164M

AI Summary

Ellomay Capital Ltd. reported an unaudited interim consolidated loss of €12.2 million for Q1 2026, a significant decline from a €6.8 million profit in the prior year, primarily due to lower electricity prices and increased financing expenses. Revenues slightly decreased to €8.7 million. The company completed the sale of its indirect holdings in Ellomay Luzon Energy for approximately €164 million in May 2026, presenting its results as discontinued operations. Ellomay also provided updates on various renewable energy projects, including solar facilities in Italy and the USA, increased green gas production capacity in the Netherlands, and ongoing work on the Manara pumped storage project in Israel.

Key Highlights

  • Q1 2026 Loss: €12.2 million, compared to a profit of €6.8 million in Q1 2025.
  • Q1 2026 Revenues: €8.7 million, down from €8.9 million in Q1 2025.
  • Q1 2026 EBITDA: €2.1 million, decreased from €2.9 million in Q1 2025.
  • Completed sale of Ellomay Luzon Energy for approximately €164 million (NIS 560 million).
  • Total assets as of March 31, 2026: €885.4 million, up from €843.5 million on Dec 31, 2025.
  • Net cash used in operating activities Q1 2026: €1.9 million, compared to €0.3 million generated in Q1 2025.
  • Financing expenses, net Q1 2026: €8.2 million, compared to income of €7.2 million in Q1 2025.
  • Italy: 160 MW solar projects under construction, 210 MW reached "ready to build" status.