Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 102

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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 Discussion

The Company uses traditional measures of cash
flows, including net cash flows from operating activities, investing activities and financing activities to evaluate its periodic cash
flow results.

For the Six Months Ended June 30, 2025 compared to June 30, 2024

The following table reflects the changes in cash
flows for the comparative periods:

    Six Months Ended  June 30, 

    2025  
    2024  
    Change  ($) 

    (in thousands) 
  
    Net cash provided by/(used in) operating activities 
     (1,848) 
     (2,420) 
     572 
  
    Net cash provided by/(used in) operating activities – Discontinued Operations 
     -  
     (6,531) 
     6,531 

    Net cash provided by/(used in) investing activities 
     -  
     (4,860) 
     4,860 
  
    Net cash provided by/(used in) investing activities – Discontinued Operations 
     -  
     66,908  
     (66,908)

    Net cash provided by/(used in) financing activities 
     1,695  
     4,204  
     (2,509)
  
    Net cash provided by/(used in) financing activities – Discontinued Operations 
     -  
     (80,495) 
     80,495 

    Effect of exchange rate on cash 
     2  
     (676) 
     678 

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