- **Ellomay Capital Ltd.** reported **revenues of approximately €20.1 million** for the six months ended June 30, 2025, marking a **3.5% increase** compared to the same period in 2024. The company recorded a **loss of approximately €1.6 million** for the six months ended June 30, 2025, an improvement from a loss of approximately €3.3 million in the prior year period.  **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:0]** **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:3]** 
- **Net cash provided by operating activities significantly increased to approximately €5.1 million** for the six months ended June 30, 2025, compared to approximately €0.5 million for the corresponding period in 2024.  **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:2]** **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:3]** 
- The company consummated an investment transaction with Clal Insurance Company Ltd. in its 198 MW Italian solar portfolio in June 2025, receiving approximately **€21 million**. Additionally, a private placement of 926,000 ordinary shares in July 2025 generated gross proceeds of approximately **NIS 50 million**.  **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:2]** 
- Revenue growth was primarily driven by new Italian solar facilities connected to the grid in February-May 2024 and January 2025, and the commencement of operations for three USA solar projects. This growth was partially offset by production issues at a Dutch biogas plant and ongoing recovery of the Talasol facility from fire damage.  **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:0]** **[946394_0001213900-25-094001_ea025892901ex99-1_ellomay.htm:3]** **[946394_0001213900-25-094001_ea025892901ex99-3_ellomay.htm:3]**

Ellomay Capital Reports Q2 and H1 2025 Results

- Ellomay Capital reported **revenues of approximately €20.1 million** for the six months ended June 30, 2025, marking an increase of approximately 3.5% compared to the prior year period, and a **loss of approximately €1.6 million** for the same six-month period.  **[946394_1e98a28c7937459da3ce7bea313157cc_0]** **[946394_1e98a28c7937459da3ce7bea313157cc_6]**  Net cash provided by operating activities significantly increased to **approximately €5.1 million** for the six months ended June 30, 2025, up from approximately €0.5 million in the corresponding half last year.  **[946394_1e98a28c7937459da3ce7bea313157cc_4]** **[946394_1e98a28c7937459da3ce7bea313157cc_6]** 
- The company consummated a strategic investment transaction in June 2025 with Clal Insurance Company Ltd., where Clal invested approximately **€52 million** for a 49% interest in Ellomay's 198 MW Italian solar portfolio.  **[946394_1e98a28c7937459da3ce7bea313157cc_5]** 
- Ellomay is advancing new projects, with significant progress in construction and grid connection for solar facilities in Italy and the USA, including the completion of the first four projects (49 MW) in the USA, with three already connected to the grid.  **[946394_1e98a28c7937459da3ce7bea313157cc_6]** 
- Subsequent to the reporting period, on July 28, 2025, Ellomay completed a private placement of 926,000 ordinary shares to Israeli institutional and classified investors, generating gross proceeds of approximately **NIS 50 million**.  **[946394_1e98a28c7937459da3ce7bea313157cc_5]**

Ellomay Capital Reports Q2 and H1 2025 Results, Strategic Investment, and Project Progress

- On **September 14, 2025**, the **Dorad Energy Ltd. Board of Directors approved the planning and execution of the "Dorad 2 Project"**, which involves constructing an additional turbine at Dorad's current power plant.  **[946394_0001213900-25-087642_ea0257385-6k_ellomay.htm:1]** 
- The Dorad Board also approved a **budget for the project until financial closing** and authorized management to **negotiate a production slot agreement with a turbine manufacturer**.  **[946394_0001213900-25-087642_ea0257385-6k_ellomay.htm:1]** 
- **Ellomay Capital Ltd. indirectly holds 16.875% of Dorad's share capital** through its 50% holdings in Ellomay Luzon Energy Infrastructures Ltd..  **[946394_0001213900-25-087642_ea0257385-6k_ellomay.htm:1]** 
- This board resolution was preceded by an **amendment to Dorad's articles of association**, requiring the project's approval with a **70% majority of participating directors**.  **[946394_0001213900-25-087642_ea0257385-6k_ellomay.htm:1]**

Ellomay Capital's Dorad Energy Board Approves Dorad 2 Project

- Ellomay Capital Ltd. will hold its annual general meeting of shareholders on **October 23, 2025**, at 3:00 p.m. Israel time, with the record date for voting set for **September 18, 2025**.  **[946394_0001213900-25-087050_ea025696001ex99-1_ellomay.htm:0]** **[946394_0001213900-25-087050_ea025696001ex99-2_ellomay.htm:0]** 
- Shareholders will vote on the **reelection of four directors**: Ben Sheizaf, Ran Fridrich, Anita Leviant, and Ehud Gil.  **[946394_0001213900-25-087050_ea025696001ex99-1_ellomay.htm:0]** **[946394_0001213900-25-087050_ea025696001ex99-2_ellomay.htm:0]** 
- A key proposal includes increasing the authorized share capital from **NIS 170,000,000 (17,000,000 ordinary shares)** to **NIS 300,000,000 (30,000,000 ordinary shares)**, par value NIS 10.00 per share, to provide flexibility for future business needs and capital raising.  **[946394_0001213900-25-087050_ea025696001ex99-1_ellomay.htm:0]** **[946394_0001213900-25-087050_ea025696001ex99-2_ellomay.htm:0]** **[946394_0001213900-25-087050_ea025696001ex99-2_ellomay.htm:12]** 
- The meeting will also address the approval of **updated employment terms and a bonus for Asaf Nehama**, including a proposed monthly salary increase to **NIS 29,000** (approximately **$8,700**) effective **October 1, 2025**, and a **NIS 58,000** bonus for fiscal year 2024.  **[946394_0001213900-25-087050_ea025696001ex99-1_ellomay.htm:0]** **[946394_0001213900-25-087050_ea025696001ex99-2_ellomay.htm:0]** **[946394_0001213900-25-087050_ea025696001ex99-2_ellomay.htm:18]**

Ellomay Capital Ltd. Announces 2025 Annual General Meeting Agenda

- Dorad Energy Ltd. reported revenues of approximately **NIS 566.8 million** and operating profit of approximately **NIS 56.9 million** for the three months ended June 30, 2025.  **[946394_0001213900-25-082887_ea025543401ex99-1_ellomay.htm:0]** 
- Ellomay Capital's indirect ownership in Dorad Energy increased to approximately **16.9%** as of July 22, 2025, after Ellomay Luzon Energy acquired an additional **15%** of Dorad's share capital for approximately **NIS 424 million**.  **[946394_0001213900-25-082887_ea025543401ex99-1_ellomay.htm:0]** **[946394_0001213900-25-082887_ea025543401ex99-2_ellomay.htm:9]** 
- Dorad's revenues in **June 2025** decreased by approximately **22%** compared to the prior year due to the "Rising Lion" military operation, with the long-term impact currently unassessable.  **[946394_0001213900-25-082887_ea025543401ex99-1_ellomay.htm:1]** **[946394_0001213900-25-082887_ea025543401ex99-2_ellomay.htm:5]** 
- Legal proceedings are ongoing, with Edelcom challenging the transfer of 7.5% of Dorad's shares to Ellomay Luzon Energy, and a preliminary hearing scheduled for **September 25, 2025**.  **[946394_0001213900-25-082887_ea025543401ex99-2_ellomay.htm:4]**

Ellomay Capital Reports Dorad Energy Q2 2025 Financials and Increased Stake

- Ellomay Capital reported the financial results of Dorad Energy Ltd. for the three and six months ended **June 30, 2025**.  **[946394_b6576f4fccdf44a9b5691535d3587f2f_0]** 
- Ellomay's indirect ownership in Dorad increased to **approximately 16.9%** as of **July 22, 2025**, after Ellomay Luzon Energy acquired an additional **15%** stake.  **[946394_b6576f4fccdf44a9b5691535d3587f2f_0]** 
- For the three months ended **June 30, 2025**, Dorad's revenues were approximately **NIS 566.8 million** and operating profit was approximately **NIS 56.9 million**.  **[946394_b6576f4fccdf44a9b5691535d3587f2f_0]** **[946394_b6576f4fccdf44a9b5691535d3587f2f_6]** 
- Dorad reported a **loss** for the quarter, largely due to a **NIS 72.7 million** increase in financing expenses from exchange rate differences, and its **June 2025** revenues decreased by **22%** year-over-year, partly due to a military operation.  **[946394_b6576f4fccdf44a9b5691535d3587f2f_1]** **[946394_b6576f4fccdf44a9b5691535d3587f2f_6]** 
- Dorad noted that the Q2 2025 results are **not indicative of full year results** due to seasonal electricity demand.  **[946394_b6576f4fccdf44a9b5691535d3587f2f_2]**

Ellomay Capital (ELLO)