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

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Ellomay Capital (NYSE American; TASE: ELLO), a renewable energy and power generator operating in Europe, USA and Israel, has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2024.

Key financial updates from the report include:

  • A decrease of approximately €0.6 million in depreciation and amortization costs
  • A reduction of approximately €0.1 million in tax benefit

These changes are in comparison to the previously published unaudited financial results from March 31, 2025. The company has made the complete report available for download through their investor relations website and will provide hard copies of the Annual Report, including audited financial statements, to shareholders upon request.

Ellomay Capital (NYSE American; TASE: ELLO), un produttore di energia rinnovabile e elettrica attivo in Europa, USA e Israele, ha presentato il suo Rapporto Annuale sul Modulo 20-F per l'esercizio chiuso al 31 dicembre 2024.

Le principali novità finanziarie del rapporto includono:

  • Una diminuzione di circa 0,6 milioni di euro nei costi di ammortamento e svalutazione
  • Una riduzione di circa 0,1 milioni di euro nel beneficio fiscale

Questi cambiamenti sono in confronto ai risultati finanziari non revisionati precedentemente pubblicati al 31 marzo 2025. L'azienda ha reso disponibile il rapporto completo per il download tramite il sito web delle relazioni con gli investitori e fornirà copie cartacee del Rapporto Annuale, inclusi i bilanci revisionati, agli azionisti su richiesta.

Ellomay Capital (NYSE American; TASE: ELLO), un generador de energía renovable y eléctrica que opera en Europa, EE. UU. e Israel, ha presentado su Informe Anual en el Formulario 20-F para el ejercicio fiscal que finaliza el 31 de diciembre de 2024.

Las actualizaciones financieras clave del informe incluyen:

  • Una disminución de aproximadamente 0,6 millones de euros en costos de depreciación y amortización
  • Una reducción de aproximadamente 0,1 millones de euros en beneficios fiscales

Estos cambios se comparan con los resultados financieros no auditados publicados anteriormente al 31 de marzo de 2025. La compañía ha puesto a disposición el informe completo para su descarga a través de su sitio web de relaciones con inversores y proporcionará copias impresas del Informe Anual, incluidos los estados financieros auditados, a los accionistas que lo soliciten.

Ellomay Capital (NYSE American; TASE: ELLO)는 유럽, 미국 및 이스라엘에서 운영되는 재생 에너지 및 전력 생산 기업으로, 2024년 12월 31일 종료되는 회계연도에 대한 Form 20-F 연례 보고서를 제출했습니다.

보고서의 주요 재무 업데이트는 다음과 같습니다:

  • 감가상각 비용이 약 60만 유로 감소
  • 세금 혜택이 약 10만 유로 감소

이러한 변경 사항은 2025년 3월 31일에 이전에 발표된 미감사 재무 결과와 비교한 것입니다. 회사는 투자자 관계 웹사이트를 통해 전체 보고서를 다운로드할 수 있도록 제공했으며, 요청 시 감사된 재무제표를 포함한 연례 보고서의 인쇄본을 주주에게 제공할 예정입니다.

Ellomay Capital (NYSE American; TASE : ELLO), un producteur d'énergie renouvelable et d'électricité opérant en Europe, aux États-Unis et en Israël, a déposé son rapport annuel sur le formulaire 20-F pour l'exercice clos au 31 décembre 2024.

Les principales mises à jour financières du rapport comprennent :

  • Une diminution d'environ 0,6 million d'euros des coûts d'amortissement et de dépréciation
  • Une réduction d'environ 0,1 million d'euros de l'avantage fiscal

Ces changements sont à comparer aux résultats financiers non audités publiés précédemment au 31 mars 2025. La société a mis le rapport complet à disposition en téléchargement via son site web des relations investisseurs et fournira des exemplaires papier du rapport annuel, y compris les états financiers audités, aux actionnaires sur demande.

Ellomay Capital (NYSE American; TASE: ELLO), ein Betreiber von erneuerbaren Energien und Stromerzeuger in Europa, den USA und Israel, hat seinen Jahresbericht auf Formular 20-F für das Geschäftsjahr zum 31. Dezember 2024 eingereicht.

Wesentliche finanzielle Aktualisierungen aus dem Bericht umfassen:

  • Eine Verringerung der Abschreibungs- und Amortisationskosten um etwa 0,6 Millionen Euro
  • Eine Reduzierung des Steuerertrags um etwa 0,1 Millionen Euro

Diese Änderungen beziehen sich auf die zuvor veröffentlichten ungeprüften Finanzergebnisse vom 31. März 2025. Das Unternehmen hat den vollständigen Bericht zum Download über seine Investor-Relations-Website bereitgestellt und wird auf Anfrage gedruckte Exemplare des Jahresberichts einschließlich der geprüften Finanzberichte an Aktionäre ausgeben.

Positive
  • Company maintains dual listing on NYSE American and TASE, providing broader market access and liquidity
Negative
  • €0.6M decrease in depreciation and amortization costs for 2024
  • €0.1M decrease in tax benefit for 2024

Insights

Ellomay's annual filing reveals minor accounting adjustments between unaudited and audited results, with a net €0.5M positive impact from reduced depreciation costs.

Ellomay Capital has filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the SEC. The company, which operates in the renewable energy sector across Europe, USA, and Israel, has made the report available on its website and will provide hard copies to shareholders upon request.

The most notable aspect of this filing is the difference between the audited financial statements and the previously published unaudited results from March 31, 2025. The audited statements show a €0.6 million decrease in depreciation and amortization costs compared to the unaudited figures. This is partially offset by a €0.1 million decrease in tax benefit.

These adjustments represent the final reconciliation that typically occurs during the audit process. For renewable energy companies with substantial fixed assets, depreciation is a significant non-cash expense that impacts reported earnings. The net effect of these adjustments (€0.5 million positive impact) represents the difference between preliminary accounting estimates and final audited figures.

The filing itself is a routine regulatory requirement, and the company has fulfilled its obligation to make this information publicly available. While these adjustments modify the previously reported unaudited figures, the article doesn't provide context regarding the materiality of these changes relative to Ellomay's overall financial performance.

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)
CFO
Tel: +972 (3) 797-1111
Email: kaliaw@ellomay.com


FAQ

What changes were reported in Ellomay Capital's (ELLO) 2024 Annual Report?

Ellomay Capital's 2024 Annual Report showed a decrease of €0.6 million in depreciation and amortization costs and a €0.1 million decrease in tax benefit compared to the unaudited financial results published on March 31, 2025.

Where can investors access Ellomay Capital's (ELLO) 2024 Annual Report?

Investors can download and view Ellomay Capital's 2024 Annual Report from the Investor Relations section of the company website at www.ellomay.com. Hard copies are also available free of charge upon request.

What is the difference between Ellomay's (ELLO) audited and unaudited financial results for 2024?

The audited financial results showed two main differences: a €0.6 million decrease in depreciation and amortization costs and a €0.1 million decrease in tax benefit compared to the unaudited results published earlier.

What type of projects does Ellomay Capital (ELLO) develop?

Ellomay Capital develops renewable energy and power projects across Europe, USA, and Israel, focusing on renewable energy and power generation.

When did Ellomay Capital (ELLO) file its 2024 Annual Report?

Ellomay Capital filed its Annual Report on Form 20-F for the year ended December 31, 2024, on April 30, 2025.
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