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Ellomay Capital Announces the Filing of the Annual Report on Form 20-F for 2024

1. Ellomay Capital filed its Annual Report for 2024 with significant updates. 2. The report shows a decrease in depreciation and amortization costs. 3. Ellomay operates solar projects totaling approximately 335.9 MW in Spain. 4. Company involved in renewable energy projects across Europe and the USA. 5. Financial statements available on the company website for shareholders.

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Why Bullish?

The decreased expenses in depreciation and amortization might improve profitability margins, potentially enhancing investor confidence similar to past positive reports where cost reductions led to stock price rises.

How important is it?

The company’s focus on renewable energy and the latest financial improvements make this news vital for investors, indicating potential future growth.

Why Short Term?

Immediate investor reaction expected from the Annual Report, with potential for medium-term stability as projects gain operational momentum.

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TALDORCPG
April 30, 2025 16:30 ET  | Source: Ellomay Capital Ltd Tel-Aviv, Israel, April 30, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2024 with the Securities and Exchange Commission. A copy of the Annual Report on Form 20-F is available to be viewed and downloaded from the Investor Relations section of the Company’s website at http://www.ellomay.com. The Company will provide a hard copy of the Annual Report on Form 20-F, including the Company’s complete audited financial statements, free of charge to its shareholders upon request. The financial statements included in the Annual Report on Form 20-F present 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 for the year ended and as of December 31, 2024 published by the Company on March 31, 2025. About Ellomay Capital Ltd. Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel. To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:  ●Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;    ●9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;    ●Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;    ●83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;    ●Solar projects in Italy with an aggregate capacity of 294 MW that have reached “ready to build” status; and    ●Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are placed in service and in process of connection to the grid and additional 22 MW are under construction. For more information about Ellomay, visit http://www.ellomay.com. Contact: Kalia Rubenbach (Weintraub)CFOTel: +972 (3) 797-1111Email: kaliaw@ellomay.com

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