While operational performance showed improvement with revenue and EBITDA growth, the stock may react negatively to increased financing expenses (up to €27.4 million from €19.7 million) and war-related project delays. Traders should monitor the pending Dorad Energy stake sale for potential upside and watch for further updates on the Manara project's compensation framework with Israeli authorities.
Price Chart
Executive Summary
Ellomay Capital reported full-year 2025 results showing revenue growth to €42.8 million from €40.5 million in 2024, while net loss narrowed to €6 million from €9 million. EBITDA increased to €33.4 million from €25.1 million, driven by new solar facilities in Italy and the US, though partially offset by a gain on bargain purchase. The company also announced debenture holders approved amendments to debt agreements, and disclosed a pending sale of its indirect stake in Dorad Energy that could generate substantial profit.
Key Facts
- Revenues for 2025 were €42.8 million, up from €40.5 million in 2024
- Net loss for 2025 was €6 million, improved from €9 million in 2024
- EBITDA for 2025 was €33.4 million, up from €25.1 million in 2024
- Total assets grew to €845.6 million as of December 31, 2025 from €677.3 million
- Debenture holders approved amendments to debt agreements on March 31, 2026
- Company executed agreement to sell indirect holdings in Dorad Energy based on €2.08 billion valuation (NIS 4.4 billion)
- Military conflict in Israel has halted work on upper and lower reservoirs of the Manara pumped storage project
Financial Impact
Revenue increased by 5.7% year-over-year to €42.8 million, EBITDA increased by 33.1% to €33.4 million, net loss decreased by 33.3% to €6 million
Risk Factors
- Ongoing military conflict in Israel has halted work on key parts of the Manara pumped storage project
- Financing expenses increased significantly to €27.4 million from €19.7 million in 2024
- The proposed decrease in conversion price for Series D Debentures is subject to court and exchange approval and may not be implemented
- The sale of indirect holdings in Dorad Energy may not be consummated
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-037923 |
| Document: ea0284285-6k_ellomay.htm | 0001213900-26-037923 |
| Document: 0001213900-26-037923-index-headers.html | 0001213900-26-037923 |
| Document: 0001213900-26-037923-index.html | 0001213900-26-037923 |
| Document: 0001213900-26-037923.txt | 0001213900-26-037923 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 6-K | $21.80 | awaiting T+20 | — | $21.40 (−1.86%) |
Oct 6, 2026 20d ago | 6-K | $21.80 | awaiting T+20 | — | $21.40 (−1.86%) |
Sep 29, 2026 27d ago | Press Release | $22.41 | awaiting T+20 | — | $21.40 (−4.51%) |
Aug 31, 2026 8w ago | 6-K | $21.00 $21.90 | ▲ +4.29% | ▲ +4.47% | $21.40 (+1.88%) |
Aug 18, 2026 9w ago | Press Release | $19.60 $20.19 | ▲ +3.01% | ▲ +4.53% | $21.40 (+9.16%) |
Jun 30, 2026 16w ago | 6-K | $18.75 $19.30 | ▲ +2.93% | ▲ +5.12% | $21.40 (+14.11%) |
Jun 22, 2026 18w ago | 6-K | $19.01 $18.55 | ▲ +2.42% | ▲ +3.58% | $21.40 (−12.55%) |
May 27, 2026 21w ago | 6-K | $24.64 $19.20 | ▲ +22.08% | ▲ +20.18% | $21.40 (+13.17%) |
May 27, 2026 21w ago | Press Release | $24.64 $19.20 | ▼ −22.08% | ▼ −20.18% | $21.40 (−13.17%) |
May 1, 2026 25w ago | Press Release | $26.10 $23.74 | ▼ −9.04% | ▼ −14.33% | $21.40 (−18.03%) |
US Market Status
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