Ellomay Capital Reports Results for the Three Months Ended March 31, 2026
Ellomay Capital reported a Q1 2026 net loss of €12.2 million, reversing a €6.8 million profit in the prior year period, driven by lower European electricity prices and a €13.6 million swing in financing costs due to NIS appreciation. Revenue declined slightly to €8.7 million from €8.9 million, while EBITDA fell to €2.1 million from €2.9 million. The company completed the sale of its Ellomay Luzon Energy stake for NIS 560 million (€164 million) and used proceeds to repay €46.8 million in Series E debentures. Despite the operating loss, Ellomay remains compliant with its Series D, F, and G debt covenants, with Net Financial Debt at €165.2 million and Adjusted EBITDA ratios within limits.
Key figures
- Revenue
- 8665000
- Revenue Yoy
- -2.2%
- Ebitda
- 2116000
- Total assets
- 885415000
- Debt repayment
- 170000000
- Taxes on income
- 1600000
- Debt repayment eur
- 46800000
- Net financial debt
- 165200000
- Operating expenses
- 5077000
- Asset sale proceeds
- 560000000
- Financing expenses net
- 8220000
- Asset sale proceeds eur
- 164000000
AI analysis
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