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Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Three and Nine Months Ended September 30, 2025

ELLO
  • Ellomay Capital Ltd. reported the publication of Dorad Energy Ltd.'s financial statements for the three and nine months ended September 30, 2025.
  • Ellomay indirectly holds approximately 16.9% of Dorad through its 50% ownership in Ellomay Luzon Energy Infrastructures Ltd.
  • The Luzon Group, holding the remaining 50% of Ellomay Luzon Energy, published its quarterly report on November 30, 2025, which included Dorad's financial data.
  • Dorad's revenues for the three months ended September 30, 2025, were approximately NIS 919.1 million.
  • Dorad's operating profit for the three months ended September 30, 2025, was approximately NIS 205.8 million.
  • Dorad's revenues for the nine months ended September 30, 2025, totaled NIS 2,096,391 thousand, with net profit of NIS 131,316 thousand.
  • Dorad's financial results are seasonal, with higher electricity demand in summer (June-September) and winter (December-February) due to climate conditions.
  • Ellomay will include its indirect share of Dorad's results in its own financial reporting for the period.
  • The reported results may not be indicative of future third-quarter results due to factors such as rising Israeli CPI impacting interest payments and regulatory changes.
  • Ellomay does not undertake to separately report Dorad's financial results in future press releases.
  • Neither Ellomay nor its independent public accountants reviewed Dorad's financial results included in this release.
  • Dorad operates a power plant with a production capacity of approximately 850 MW.
  • Ellomay holds interests in renewable energy projects in Spain, Italy, the Netherlands, Israel, and the USA, including solar plants, anaerobic digestion facilities, and pumped storage hydro projects.
  • Dorad's cash and cash equivalents as of September 30, 2025, were NIS 1,074,718 thousand.
  • Dorad's total assets as of September 30, 2025, were NIS 4,749,504 thousand.
  • Dorad's total equity as of September 30, 2025, was NIS 1,748,580 thousand.
  • The financial statements were prepared in accordance with International Financial Reporting Standards.