Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 323

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 323
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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 mainly driven lower operating costs in the current period
due to management cost rationalization programs. The funds raised in 2025 were approximately $1.5 million of new debt.

Net cash used in discontinued financing activities
for the six months ended June 30, 2025 compared to 2024 decreased by $80.5 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. 

57

Critical Accounting Estimates 

In the notes to our consolidated financial statements
and in Part II, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”
included in our 2024 Annual Report on Form 10-K, we have disclosed those accounting policies that we consider to be most significant in
determining our results of operations and financial condition and involve a higher degree of judgment and complexity. There