Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 262

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 2
Chunk 262
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     (7) 
     (100)%
  
    Gain on sale of continuing operations 
     3,589  
     -  
     3,588  
     100%
  
    Other expenses 
     (2,149) 
     (1,981) 
     (158) 
     (8)%
  
    Loss from continuing operations 
    $(180) 
    $(5,087) 
    $4,907  
     (96)%

Net loss for discontinued operations decreased
by $1.4 million for the three months ended March 31, 2025 compared to the same period in 2024. This is primarily due to a decrease in
cost of revenues of $1.0 million, SG&A expenses of $0.6 million, depreciation of $0.7 million, interest expense of $3.3 million, and
other expenses of $0.2 million. This was offset by a decrease in revenues of $2.2 million and decrease in the gain of disposal of assets
of $2.2 million for the net sale of the Poland, Netherlands, and Romanian operating parks in January, February, and October 2024, respectively.

44

Liquidity and Capital Resources

Capital Resources

A key element to the Company’s financing
strategy is to raise much of its debt in the form of project specific non-recourse borrowings at its subsidiaries with investment grade
metrics. Going forward, the Company intends to primarily finance acquisitions or growth capital expenditures using long-term non-recourse
debt that fully amortizes within the asset’s contracted life, as well as retained cash flows from operations and issuance of equity
securities through public markets.

The following table summarizes certain financial
measures that are not calculated and presented in accordance with U.S. GAAP, along with the most directly comparable U.S. GAAP measure,
for each period presented below. In addition to its results determined in accordance with U.S. GAAP, the Company believes the following non-U.S.
GAAP financial measures are useful in evaluating its operating performance. The Company uses the following non-U.S. GAAP financial
information, collectively, to evaluate its ongoing operations and for internal planning and forecasting purposes.

The following non-U.S. GAAP table summarizes the
total capitalization and debt as of March 31, 2025 and December 31, 2024:

    As of