Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 945

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1C
Chunk 945
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 its United States subsidiaries and AEG
MH 01 and its Irish subsidiaries, the CODM now uses EBITDA, a non-GAAP measure, as the main measure of a segment’s performance.
EBITDA is defined as earnings before interest expense, income tax expense, depreciation and amortization. The Company uses EBITDA because
management believes that it can be a useful financial metric in understanding the Company’s earnings from operations. EBITDA is
not a measure of the Company’s financial performance under GAAP and should not be considered as an alternative to net income or
any other performance measure derived in accordance with GAAP. As a trans-Atlantic independent solar power provider, we evaluate many
of our capital expenditure decisions at a regional level. Accordingly, expenditures on property, plant and equipment and associated debt
by segment are presented.

The following tables present
information related to the Company’s reportable segments. The data has been presented to show the effect of discontinued operations
from Poland, the Netherlands, and Romania for all periods.

    Year Ended December 31, 
  
    Revenue by Segment 
    2024  
    2023 

    (in thousands) 
  
    Europe 
    $-  
    $3,360 
  
    Europe – Discontinued Operations 
     9,809  
     27,041 
  
    United States 
     311  
     116 
  
    Total for the period 
    $10,120  
    $30,517 

    Year Ended December 31, 
  
    Operating Income/(Loss) by Segment 
    2024  
    2023 

    (in thousands) 
  
    Europe 
    $(10,584) 
    $(9,185)
  
    Europe – Discontinued Operations 
     45,912  
     (37,116)
  
    United States 
     (14,250) 
     (23,163)
  
    Total for the period 
    $21,078  
    $(69,464)

F-48

    Year Ended December 31, 
  
    Assets by Segment 
    2024  
    2023 

    (in thousands) 
  
    Europe – Continuing Operations 

    Fixed Assets 
    $-  
    $- 
  
    Other Assets 
     3,958  
     10,538 
  
    Total for Europe – Continuing Operations