Ellomay Capital Ltd. released the audited financial statements of its subsidiary Dorad Energy Ltd. for the three‑month and nine‑month periods ended September 30 2025. The disclosure, made on November 30 2025, provides the first set of results for Dorad’s combined‑cycle power plant operating south of Ashkelon.
The statements show Dorad generated revenue of approximately NIS 919.1 million and an operating profit of about NIS 205.8 million for the quarter. Ellomay indirectly owns roughly 16.9 % of Dorad through its 50 % stake in Ellomay Luzon Energy Infrastructures Ltd., giving the group a meaningful share of the plant’s earnings. Dorad’s 840‑ to 850‑megawatt facility is one of Israel’s largest private power plants, and its performance is a key driver of Ellomay’s overall energy portfolio.
Seasonal demand patterns shape Dorad’s results. Electricity consumption in Israel peaks in both winter and summer, and the plant’s revenue is sensitive to these cycles. External factors such as the Israeli consumer price index and regional geopolitical tensions also influence operating conditions, adding volatility to the plant’s earnings. These headwinds explain why the quarter’s profit, while solid, may not fully reflect the plant’s long‑term capacity potential.
By publishing Dorad’s financials, Ellomay enhances transparency and allows investors to assess the contribution of this major asset to the group’s financial health. The figures will be incorporated into Ellomay’s consolidated reporting, giving stakeholders a clearer view of the renewable and natural‑gas generation segment and informing valuation and risk assessments.
No specific market reaction data were identified in the fact‑check report, but the disclosure is a routine yet important update that supports Ellomay’s ongoing commitment to investor transparency.
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