Ellomay Capital Reports Q1 Loss of €12.2M; Sells Luzon Energy
Ellomay Capital reported a net loss of approximately €12.2 million for Q1 2026, a significant decline from a profit of approximately €6.8 million in Q1 2025, primarily driven by increased financing expenses due to NIS appreciation and lower electricity prices. Revenues slightly decreased to approximately €8.7 million, and EBITDA fell to approximately €2.1 million. The company completed the sale of its indirect holdings in Ellomay Luzon Energy for approximately €164 million in May 2026, which facilitated the early repayment of Series E Debentures. Ellomay continues to advance renewable energy projects in Italy, the USA, and the Netherlands, including new solar facilities and increased green gas production capacity.
Key Highlights
- Net loss for Q1 2026 was approximately €12.2 million, compared to a profit of approximately €6.8 million in Q1 2025.
- Revenues for Q1 2026 decreased to approximately €8.7 million from approximately €8.9 million in Q1 2025.
- EBITDA for Q1 2026 was approximately €2.1 million, down from approximately €2.9 million in Q1 2025.
- Completed the sale of indirect holdings in Ellomay Luzon Energy for approximately €164 million in May 2026.
- Early repaid Series E Secured Debentures with an aggregate amount of approximately €46.8 million.
- Financing expenses, net, increased to approximately €8.2 million due to NIS appreciation against the euro.
- Advanced 160 MW solar projects under construction in Italy, with 210 MW reaching "ready to build" status.
- Received license to increase green gas production at GGOT facility in the Netherlands, planning to expand capacity to 24 million cubic meters/year.
Price Impact
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