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Operating Segments (Tables)

12 Months Ended

Dec. 31, 2024

Operating Segments [Abstract]

Schedule of Segment Adjusted Gross Profit

Segment adjusted gross profit is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries.

		Italy				Spain												USA				Netherlands				Israel
						Subsidized Solar				28 MW				Talasol																Manara Pumped								Total reportable								Total
		Solar				Plants				Solar				Solar				Solar				Biogas				Dorad				Storage				Solar*				segments				Reconciliations				consolidated
		For the year ended December 31, 2024
		€ in thousands

Revenues			2,293				2,974				1,741				18,365				-				15,094				67,084				-				278				107,829				(67,362	)			40,467
Operating expenses			(109	)			(519	)			(593	)			(4,695	)			-				(13,887	)			(50,065	)			-				(142	)			(70,010	)			50,207				(19,803	)
Depreciation and amortization expenses			(89	)			(919	)			(1,088	)			(11,453	)			-				(2,316	)			(2,489	)			-				(48	)			(18,402	)			2,515				(15,887	)
Gross profit (loss)			2,095				1,536				60				2,217				-				(1,109	)			14,530				-				88				19,417				(14,640	)			4,777

Adjusted gross profit (loss)			2,095				1,536				60				2,217				-				(1,109	)			14,530				-				317				19,646				(14,869	)			4,777
Project development costs																																															(4,101	)
General and administrative expenses																																															(6,063	)
Share of income of equity accounted investee																																															11,062
Other income, net																																															3,409
Operating profit																																															9,084
Financing income																																															2,495
Financing income in connection with derivatives and warrants, net																																															1,140

Financing expenses, net																																															(23,286	)
Profit before taxes on income																																															(10,567	)

Segment assets as at December 31, 2024			67,546				12,633				19,403				225,452				55,564				32,360				109,579				186,333				-				708,870				(31,613	)			677,257

*

The results of the Talmei Yosef solar plant are presented as a discontinued operation and the plant was sold in June 2024. The gross profit of the Talmei Yosef solar plant located in Israel is adjusted to include income from the sale of electricity (approximately €1,264 thousand) and depreciation expenses (approximately €757 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.

		Italy				Spain												USA				Netherlands				Israel
						Subsidized Solar				28 MW				Talasol																Manara Pumped								Total reportable								Total
		Solar				Plants				Solar				Solar				Solar				Biogas				Dorad				Storage				Solar*				segments				Reconciliations				consolidated
		For the year ended December 31, 2023
		€ in thousands

Revenues			-				2,791				4,051				24,971				-				17,021				63,973				-				675				113,482				(64,648	)			48,834
Operating expenses			-				(517	)			(1,825	)			(5,786	)			-				(14,733	)			(47,322	)			-				(342	)			(70,525	)			47,664				(22,861	)
Depreciation and amortization expenses			-				(912	)			(946	)			(11,459	)			-				(2,670	)			(5,689	)			-				(461	)			(22,137	)			6,125				(16,012	)
Gross profit (loss)			-				1,362				1,280				7,726				-				(382	)			10,962				-				(128	)			20,820				(10,859	)			9,961

Adjusted gross profit (loss)			-				1,362				1,280				7,726				-				(382	)			10,962				-				1,223				22,171				(12,210	)			9,961
Project development costs																																															(4,465	)
General and administrative expenses																																															(5,283	)
Share of income of equity accounted investee																																															4,320
Other income, net																																															-
Operating profit																																															4,533
Financing income																																															8,747
Financing income in connection with derivatives and warrants, net																																															251

Financing expenses, net																																															(12,555	)
Profit before taxes on income																																															976

Segment assets as at December 31, 2023			43,071				12,807				19,691				231,142				6,612				31,164				97,339				172,096				28,297				642,219				(29,367	)			612,852

*

The results of the Talmei Yosef solar plant are presented as a discontinued operation, and the plant was sold in June 2024. The gross profit of the Talmei Yosef solar plant located in Israel is adjusted to include income from the sale of electricity (approximately €3,844 thousand) and depreciation expenses (approximately €1,818 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.

		Italy				Spain												USA				Netherlands				Israel
						Subsidized Solar				28 MW				Talasol																Manara Pumped								Total reportable								Total
		Solar				Plants				Solar				Solar				Solar				Biogas				Dorad				Storage				Solar*				segments				Reconciliations				consolidated
		For the year ended December 31, 2022
		€ in thousands

Revenues			-				3,264				3,597				32,740				-				12,640				62,813				-				1,119				116,173				(63,932	)			52,241
Operating expenses			-				(322	)			(1,399	)			(8,764	)			-				(13,186	)			(47,442	)			-				(418	)			(71,531	)			47,860				(23,671	)
Depreciation and amortization expenses			-				(908	)			(427	)			(11,400	)			-				(2,824	)			(6,339	)			-				(512	)			(22,410	)			6,830				(15,580	)
Gross profit (loss)			-				2,034				1,771				12,576				-				(3,370	)			9,032				-				189				22,232				(9,242	)			12,990
Adjusted gross profit (loss)			-				2,034				1,771				12,576				-				(3,370	)			9,032				-				1,565				23,608				(10,618	)			12,990
Project development costs																																															(3,784	)
General and administrative expenses																																															(5,855	)
Share of income of equity accounted investee																																															1,206
Other income, net																																															-
Operating profit																																															4,557
Financing income																																															6,443
Financing income in connection with derivatives and warrants, net																																															605

Financing expenses, net																																															(10,524	)
Profit before taxes on income																																															1,081

Segment assets as at December 31, 2022			22,608				14,577				20,090				244,584				-				32,002				107,079				137,432				34,750				613,122				(36,965	)			576,157

*

The results of the Talmei Yosef solar plant are presented as a discontinued operation and the plant was sold in June 2024. The gross profit of the Talmei Yosef solar plant located in Israel is adjusted to include income from the sale of electricity (approximately €4,546 thousand) and depreciation expenses (approximately €2,051 thousand) under the fixed asset model, which were not recognized as revenues and depreciation expenses, respectively, under the financial asset model as per IFRIC 12.

Schedule of Revenues from the Company’s Operations

The following table lists the revenues from the Company’s operations in Italy, Spain, Israel and the Netherlands:

		For the year ended December 31
		2024				2023				2022
		€ in thousands
Italy solar segment			2,293				-				-
Spanish solar segment			2,974				2,791				3,264
Ellomay Solar segment (Spain)			1,741				4,051				3,597
Talasol solar segment (Spain)			18,365				24,971				32,740
Netherlands biogas segment			15,094				17,021				12,640

Total revenues			40,467				48,834				52,241

Schedule of Non-current Assets, Net

The following table lists the non-current assets, net from the Company’s operations in Spain, Israel, USA, Italy and the Netherlands:

		As at December 31
		2024				2023
*Non-current assets ()**		€ in thousands
Spain			222,892				238,580
Israel			229,665				195,248
USA			53,750				6,041
Italy			58,038				33,711
Netherlands			25,051				25,871
Total fixed assets, net			589,396				499,451

(*)	Other than financial instruments, deferred tax assets and employee benefit assets.