Alternus Clean Energy, Inc. reported a net loss of $7.3 million for the year ended December 31, 2025, a significant improvement from the net loss of $24.8 million from continuing operations in the prior year. This reduction in loss was primarily driven by a $15.5 million gain on the disposal of assets, a $3.7 million decrease in impairment and development costs, and a $4.6 million reduction in interest expenses. Selling, general, and administrative expenses also decreased by $3.9 million, or 33%, due to a reduction in headcount and office costs, as well as lower professional service fees.
The company's revenue from continuing operations was $0 for the year ended December 31, 2025, compared to $311,000 in the prior year. This decrease is attributed to the sale of all revenue-generating facilities as part of a group restructuring and a strategic refocus on microgrid energy facilities. Revenues from discontinued operations also decreased by $9.8 million, reflecting the sale of operating parks in Poland, the Netherlands, and Romania during 2024.
In terms of strategic developments, Alternus Clean Energy completed the acquisition of EverOn Energy LLC, a joint venture focused on developing wind-powered microgrids, valued at $56.5 million as of December 31, 2025. This acquisition is expected to contribute to the company's growth in the microgrid market across the United States and the United Kingdom. The company also entered into a term sheet for an initial PIPE investment of $10 million in convertible preferred equity, with an additional $10 million available at the company's option, and a preliminary term sheet for an equity line of credit facility of up to $50 million.
Operationally, the company's total assets increased to $57.0 million as of December 31, 2025, from $7.7 million in the prior year, largely due to the consolidation of EverOn Energy LLC. Shareholders' equity attributable to Alternus Clean Energy Inc. improved to $3.4 million from a deficit of $33.9 million. However, the company continues to face substantial doubt regarding its ability to continue as a going concern, necessitating additional financing to fund operations and strategic objectives.
Looking ahead, Alternus Clean Energy aims to scale its EverOn Energy joint venture, expand its technology suite to include battery storage and AI-driven energy optimization, and pursue additional joint ventures and partnerships. The company anticipates that inflation and energy rate fluctuations will continue to impact its results of operations. Despite the ongoing challenges, the company is focused on long-term value creation and plans to seek a listing on a national exchange at the earliest opportunity.
About Alternus Clean Energy, Inc.
Alternus Clean Energy, Inc. is a renewable energy company focused on developing, owning, and operating utility-scale solar and storage facilities, as well as behind-the-meter microgrid systems for corporate clients in North America and Europe. Its business model emphasizes capital-efficient project development, long-term power purchase agreements, and recurring revenue streams. Alternus leverages strategic partnerships and a flexible, technology-agnostic approach to deliver sustainable, reliable clean energy solutions supporting energy independence and climate goals.
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