Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 71

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Interest expense 
    $(2,190) 
    $(1,681) 
    $(509) 
     30%
  
    Fair value movement on FPA asset 
     -  
     (483) 
     483  
     100%
  
    Gain on extinguishment of debt 
     -  
     179  
     (179) 
     (100)%
  
    Fair value movement on convertible note 
     806 
     -  
     806 
     (100)%
  
    Fair value movement on warrant 
     (811) 
     -  
     (811) 
     100%
  
    Other expense 
     -  
     (5) 
     (5) 
     (100)%
  
    Other income 
     46  
     9  
     37  
     (411)%
  
    Total for continuing operations 
    $(2,149) 
    $(1,981) 
    $(168) 
     (8)%

    Discontinued Operations: 

    Interest income/(expense) 
    $-  
    $(3,278) 
    $3,278  
     (100)%
  
    Other expense 
     -  
     (221) 
     221  
     (100)%
  
    Total for discontinued operations 
    $-  
    $(3,499) 
    $3,499  
     (100)%
  
    Total for the period 
    $(2,149) 
    $(5,480) 
    $(3,331) 
     (61)%

Total interest expense, other income, and other
expense for continuing operations decreased by approximately $0.2 million for the three months ended March 31, 2025 compared to the same
period in 2024. The primary drivers was a net increase of $0.5 million in interest expense, as shown below, offset by a gain on extinguishment
of debt of $0.2 million and a loss on movement if fair value of the FPA asset in the same period of 2024.

    Three Months Ended March 31, 

    2025