Ellomay Capital Announces the Filing of the Annual Report on Form 20-F for 2024
Rhea-AI Summary
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.
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
News Market Reaction – ELLO
In the trading session that priced this news, ELLO gained 1.96%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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 | |
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| ● | 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; | |
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| ● | 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
