ELLO

• Annual General Meeting Announcement: Ellomay Capital Ltd. will hold its annual general meeting on October 23, 2025, in Tel Aviv, where shareholders will vote on several key agenda items, including the reelection of directors and approval of share capital increases.

• Shareholder Voting and Proposals: Shareholders of record as of September 18, 2025, can vote in person or by proxy, with specific requirements for certain proposals. Eligible shareholders may submit proposals for inclusion in the meeting until September 19, 2025.

Ellomay Capital Ltd. Financial Update

• Company Overview: Ellomay Capital Ltd. is a renewable energy and power generator with projects in Europe, Israel, and the USA. As of June 30, 2025, Ellomay held approximately 9.4% of Dorad Energy Ltd. through its 50% ownership of Ellomay Luzon Energy Infrastructures Ltd.

• Recent Acquisition: On July 22, 2025, Ellomay Luzon Energy acquired an additional 15% of Dorad's share capital, increasing Ellomay's indirect stake in Dorad to approximately 16.9%.

Dorad Energy Ltd. Financial Performance

• Revenue and Profit: For the three months ended June 30, 2025, Dorad reported revenues of approximately NIS 566.8 million and an operating profit of about NIS 56.9 million.

• Loss Factors: Dorad experienced a loss primarily due to a NIS 72.7 million increase in financing expenses compared to the same period in 2024, attributed to NIS/USD exchange rate fluctuations and costs denominated in USD.

Impact of Regional Conflict

• Military Operations: The Israeli military operation "Rising Lion" against Iran, initiated on June 13, 2025, led to significant economic disruptions, including a 22% decrease in Dorad's revenues for June 2025 compared to the previous year. The operation resulted in restrictions on movement and gatherings, affecting business operations.

• Economic Outlook: Dorad is currently unable to assess the long-term impact of the conflict on its business activities and continues to monitor the situation closely.

Seasonal Demand and Financial Indicators

• Electricity Demand: Dorad's electricity demand is seasonal, with higher consumption during summer and winter months. The financial results for the quarter ending June 30, 2025, are not indicative of full-year performance due to seasonal variations.

• Financial Health: As of June 30, 2025, Dorad's total assets were approximately NIS 4.42 billion, with total equity of about NIS 1.63 billion. The company reported a net loss of NIS 43.1 million for the three months ended June 30, 2025.

Future Considerations

• Forward-Looking Statements: The company cautions that various risks, including changes in electricity prices, ongoing regional conflicts, and regulatory changes, could significantly affect future results. Ellomay does not commit to separately reporting Dorad's financial results in future press releases.

• Private Placement Announcement: Ellomay Capital Ltd. has accepted commitments from Israeli institutional investors to purchase 926,000 ordinary shares in a private placement, expected to raise approximately NIS 50 million, with an affiliate of Menora Mivtachim Holdings Ltd. becoming a significant shareholder.

• Company Overview and Future Plans: Ellomay focuses on renewable energy projects across Europe, the USA, and Israel, with various solar and power generation initiatives, while also highlighting potential risks and uncertainties related to its future operations and market conditions.