Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 261

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 2
Chunk 261
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 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  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Interest charged on debt 
    $790  
    $1,149  
    $(360) 
     (31)%
  
    Amortization of debt discount 
     1,400  
     532  
     868  
     163%
  
    Total interest expense for continuing operations 
    $2,190  
    $1,681  
    $509  
     33%

Total other expenses for discontinued operations
decreased by $3.3 million for the three months ended March 31, 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.

Net Loss

Net loss for continuing operations decreased by
$4.9 million, -for the three months ended March 31, 2025 compared to the same period in 2024. This is primarily due to a decrease in SG&A
expenses of $1.7 million and a gain of $3.5 million from the sale of the Spanish subsidiaries.

    Three Months Ended March 31, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Revenues 
    $-  
    $93  
    $93  
     (100)%
  
    Cost of revenues 
     -  
     (15) 
     (15) 
     (100)%
  
    Selling, general, and administrative 
     (1,490) 
     (3,107) 
     (1,707) 
     (55)%
  
    Depreciation, amortization, and accretion 
     (130) 
     (70) 
     60  
     85%
  
    Development costs 
     -  
     (7)