Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 93

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 93
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B ID No. 1309)      F-2   
  Consolidated Financial Statements in US Dollars ($):                                   
  Consolidated Balance Sheets                                                      F-3   
  Consolidated Statements of Comprehensive Loss                                    F-5   
  Consolidated Statements of Changes in Equity                                     F-6   
  Consolidated Statements of Cash Flows                                            F-7   
  Notes to the Consolidated Financial Statements                                   F-9   

F-1

Report of Independent Registered
Public Accounting Firm

To the Board of Directors and Shareholders of Brenmiller
Energy Ltd.

Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheets of Brenmiller Energy Ltd. and its subsidiaries (the “ Company”) as of December 31, 2024 and 2023, and the related
consolidated statements of comprehensive loss, changes in equity and cash flows for each of the three years in the period ended December
31, 2024, including the related notes (collectively referred to as the “consolidated financial statements”). In our opinion,
the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31,
2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024
in conformity with accounting principles generally accepted in the United States of America.

Substantial Doubt about the Company’s Ability
to Continue as a Going Concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1c to the consolidated financial statements,
the Company has incurred recurring losses from operations and negative operating cash flows that raise substantial doubt about its ability
to continue as a going concern. Management’s plans in regard to these matters are also described in Note 1c. The consolidated financial
statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These consolidated financial statements are the
responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United
States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U. S. federal securities laws and
the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We