The headline profit is entirely from the Dorad sale; the underlying business is losing money on an operating basis. Monitor Q3 for the impact of rising Spanish electricity prices and progress on the 150 MW Italian solar construction. The €167M cash infusion strengthens the balance sheet but the core renewable portfolio faces margin pressure from lower PPA prices and FX headwinds.
Price Chart
Executive Summary
Ellomay Capital reported Q2 2026 revenue of €12.4M (+9.8% YoY) and a net profit of €70.5M, driven by a €94.8M gain from the sale of its Dorad stake. Excluding this one-time gain, the company posted a loss from continuing operations of €12.5M, impacted by €24.7M in unfavorable FX translation losses from NIS appreciation. The core operating business showed modest revenue growth from new US solar assets and Dutch biogas, offset by lower electricity prices in Spain and Italy.
Key Financial Metrics
Key Facts
- Q2 2026 revenue €12.4M vs €11.3M YoY (+9.8%)
- Net profit €70.5M vs loss of €8.4M YoY, driven by €94.8M gain on sale of Dorad stake
- Loss from continuing operations €12.5M vs loss of €7.2M YoY
- EBITDA €88.5M vs €3.2M YoY, largely reflecting the Dorad gain
- Operating cash flow negative €1.8M in Q2 vs positive €4.8M YoY
- Completed sale of Ellomay Luzon Energy (Dorad) for ~€167M in May 2026
- Net Financial Debt of €50.9M as of June 30, 2026
Financial Impact
€94.8M one-time gain from Dorad sale; core operations generated €12.4M revenue but €12.5M loss from continuing ops
Risk Factors
- Continued weakness in Spanish and Italian electricity prices
- NIS/euro FX volatility creating large non-cash financing expenses
- Execution risk on 150 MW Italian solar construction and 210 MW RTB pipeline
- Regulatory uncertainty in US solar market due to tariff changes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3347232 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | 6-K | $21.80 | awaiting T+20 | — | $23.10 (+5.96%) |
Oct 6, 2026 21d ago | 6-K | $21.80 | awaiting T+20 | — | $23.10 (+5.96%) |
Sep 29, 2026 28d ago | Press Release | $22.41 | awaiting T+20 | — | $23.10 (+3.10%) |
Aug 31, 2026 8w ago | 6-K | $21.00 $21.90 | ▲ +4.29% | ▲ +4.47% | $23.10 (+10.00%) |
Aug 18, 2026 10w ago | Press Release | $19.60 $20.19 | ▲ +3.01% | ▲ +4.53% | $23.10 (+17.86%) |
Jun 30, 2026 17w ago | 6-K | $18.75 $19.30 | ▲ +2.93% | ▲ +5.12% | $23.10 (+23.20%) |
Jun 22, 2026 18w ago | 6-K | $19.01 $18.55 | ▲ +2.42% | ▲ +3.58% | $23.10 (−21.51%) |
May 27, 2026 21w ago | 6-K | $24.64 $19.20 | ▲ +22.08% | ▲ +20.18% | $23.10 (+6.25%) |
May 27, 2026 21w ago | Press Release | $24.64 $19.20 | ▼ −22.08% | ▼ −20.18% | $23.10 (−6.25%) |
May 1, 2026 25w ago | Press Release | $26.10 $23.74 | ▼ −9.04% | ▼ −14.33% | $23.10 (−11.49%) |
US Market Status
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