Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 241

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 241
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     (2,420) 
     572 
  
    Net cash provided by/(used in) operating activities – Discontinued Operations 
     -  
     (6,531) 
     6,531 

    Net cash provided by/(used in) investing activities 
     -  
     (4,860) 
     4,860 
  
    Net cash provided by/(used in) investing activities – Discontinued Operations 
     -  
     66,908  
     (66,908)

    Net cash provided by/(used in) financing activities 
     1,695  
     4,204  
     (2,509)
  
    Net cash provided by/(used in) financing activities – Discontinued Operations 
     -  
     (80,495) 
     80,495 

    Effect of exchange rate on cash 
     2  
     (676) 
     678 

Net Cash Provided by Operating Activities 

Net cash provided in continuing operating activities
for the six months ended June 30, 2025 compared to 2024 increased by $0.6 million. Net income increased by $15 million in 2025, which
was mainly due to gains booked on sale of assets during the period. Lower SG&A costs were offset by higher other expenses for the
six months ended June 30, 2025.

Net cash used in discontinued operating activities
for the six months ended June 30, 2025 compared to 2024 decreased by $6.5 million due to all operating parks in Poland, the Netherlands
and Romania being sold on January 19, 2024, February 21, 2024 and October 3, 2024, respectively.

Net Cash Used in Investing Activities

Net cash used in continuing investing activities
was zero for the six months ended June 30, 2025 compared to 2024 and so decreased by $4.8 million yaer on year as the Company did not
pursue any additional developments in 2025.

There was no net cash used in or provided by discontinued
investing activities for the six months ended June 30, 2025 and 2024 respectively.

Net Cash Provided by Financing Activities

Net cash provided by continuing financing activities
for the six months ended June 30, 2025 compared to 2024 decreased by $2.5 million