Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 305

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 305
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%

    Six Months Ended June 30, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Depreciation, Amortization and Accretion expense 
    $130  
    $120  
    $10  
     8%
  
    Total for continuing operations 
    $130  
    $120  
    $10  
     8%

    Discontinued Operations: 

    Depreciation, Amortization and Accretion expense 
    $-  
    $991  
    $(991) 
     (100)%
  
    Total for discontinued operations 
    $-  
    $991  
    $(991) 
     (100)%
  
    Total for the period 
    $130  
    $1,111  
    $(981) 
     (88)%

Depreciation and amortization and accretion expense
for continuing operations decreased by $50,000 and increased by $10,000 for the three and six months, respectively, ended June 30, 2025
compared to the same period in 2024. This was primarily driven by the amortization for the intangible assets acquired in the Liion transaction
December 2024, and the sale of the assets that related to the 2024 charge.

There was no depreciation, amortization and accretion
expenses for discontinued operations throughout 2025 compared to the same period in 2024, 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.

Gain on Disposal of Assets

    Three Months Ended June 30, 

    2025  
    2024  
    Change
 ($)  
    Change
 (%) 

    (in thousands) 
  
    Gain on sale of continuing operations 
    $11,924  
    $-  
    $11,924  
     100%
  
    Total for continuing operations 
     11,924  
    $-  
    $11,924  
     100%

    Discontinued Operations: 

    Gain on disposal of asset 
    $-  
    $-  
    $-  
     -%