Allego N.V.

CIK:0001874474|SEC Filings

Consolidated statement of profit or loss - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from contracts with customers
Total revenue from contracts with customers	€ 190,056	€ 145,453	€ 133,900
Total cost of sales	(138,154)	(109,259)	(126,655)
Gross profit	51,902	36,194	7,245
Other income/(expenses)	(2,268)	(6,603)	3,724
Selling and distribution expenses	(8,756)	(2,603)	(2,587)
General and administrative expenses	(50,643)	(98,957)	(323,358)
Operating loss	(9,765)	(71,969)	(314,976)
Finance income/(costs)	(36,544)	(37,809)	10,320
Loss before income tax	(46,309)	(109,778)	(304,656)
Income tax	1,694	(504)	(636)
Loss for the year	(44,615)	(110,282)	(305,292)
Attributable to:
Equity holders of the Company	(44,208)	(109,898)	(304,778)
Non-controlling interests	€ (407)	€ (384)	€ (514)
Loss per share attributable to the Equity holders of the Company:
Basic loss per ordinary share (in EUR per share)	€ (0.16)	€ (0.41)	€ (1.21)
Diluted loss per ordinary share (in EUR per share)	€ (0.16)	€ (0.41)	€ (1.21)
Charging sessions
Revenue from contracts with customers
Total revenue from contracts with customers	€ 123,997	€ 103,265	€ 65,347
Total cost of sales	(100,024)	(81,396)	(77,792)
Service revenue from the sale of charging equipment
Revenue from contracts with customers
Total revenue from contracts with customers	13,879	10,303	33,585
Total cost of sales	(11,592)	(8,842)	(28,065)
Service revenue from installation services
Revenue from contracts with customers
Total revenue from contracts with customers	37,359	20,391	28,630
Total cost of sales	(22,101)	(17,400)	(20,167)
Service revenue from operation and maintenance of charging equipment
Revenue from contracts with customers
Total revenue from contracts with customers	8,529	5,399	3,230
Total cost of sales	(4,437)	(1,621)	(631)
Service revenue from consulting services
Revenue from contracts with customers
Total revenue from contracts with customers	€ 6,292	€ 6,095	€ 3,108

Consolidated statement of cash flows - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Cash generated from/(used in) operations	€ 48,909	€ (30,681)	€ (95,704)
Interest paid	(33,498)	(14,792)	(9,224)
Interest received	2,326	1,156	0
Proceeds from settlement of interest cap derivatives	0	0	1,071
Payment of interest cap derivative premiums	0	0	(4,068)
Income taxes received/(paid)	(1,315)	(852)	(424)
Net cash flows from/(used in) operating activities	16,421	(45,169)	(108,349)
Cash flows from investing activities
Acquisition of Mega-E, net of cash acquired	0	0	(9,720)
Acquisition of MOMA, net of cash acquired	0	0	(58,644)
Purchase of property, plant and equipment	(56,543)	(69,060)	(25,581)
Proceeds from sale of property, plant and equipment	0	0	45
Purchase of intangible assets	(31)	0	(1,572)
Proceeds from government grants	1,392	137	512
Other cash flows used in investing activities	170	17	0
Net cash flows from/(used in) investing activities	(55,012)	(68,906)	(94,960)
Cash flows from financing activities
Proceeds from borrowings	164,851	82,400	159,210
Repayment of borrowings	0	0	(23,403)
Payment of principal portion of lease liabilities	(7,362)	(4,692)	(5,227)
Payment of transaction costs on new equity instruments	0	(498)	(925)
Payment of transaction costs on borrowings	(2,564)	(1,576)	(10,751)
Net cash flows from/(used in) financing activities	154,926	75,634	261,673
Net increase/(decrease) in cash and cash equivalents	116,335	(38,441)	58,364
Cash and cash equivalents at the beginning of the year	44,585	83,022	24,652
Effect of exchange rate changes on cash and cash equivalents	(1)	4	6
Cash and cash equivalents at the end of the year	160,919	44,585	83,022
Spartan Shareholders
Cash flows from financing activities
Proceeds from issuing equity instruments	0	0	10,079
PIPE financing
Cash flows from financing activities
Proceeds from issuing equity instruments	€ 0	€ 0	€ 132,690

Consolidated statement of financial position - EUR (€) € in Thousands	Dec. 31, 2024	Dec. 31, 2023
Non-current assets
Property, plant and equipment	€ 202,546	€ 176,603
Intangible assets	12,146	21,013
Right-of-use assets	105,608	76,812
Deferred tax assets	1,563	807
Other financial assets	78,536	52,641
Total non-current assets	400,399	327,876
Current assets
Inventories	27,246	34,104
Prepayments and other assets	15,282	17,934
Trade and other receivables	47,393	56,043
Other financial assets	4,566	1,776
Cash and cash equivalents	160,919	44,585
Total current assets	255,406	154,442
Total assets	655,805	482,318
Equity
Share capital	32,801	32,521
Share premium	372,135	372,135
Reserves	3,980	(23,141)
Accumulated deficit	(506,797)	(461,198)
Equity attributable to equity holders of the Company	(97,881)	(79,683)
Non-controlling interests	(46)	361
Total equity	(97,927)	(79,322)
Non-current liabilities
Borrowings	512,014	350,722
Lease liabilities	99,691	71,563
Provisions and other liabilities	5,559	11,793
Contract liabilities	202	180
Deferred tax liabilities	640	1,549
Derivative liabilities	20,132	6,720
Total non-current liabilities	638,238	442,527
Current liabilities
Trade and other payables	73,919	76,948
Contract liabilities	22,650	9,823
Current tax liabilities	428	1,050
Lease liabilities	16,724	11,927
Provisions and other liabilities	1,773	18,643
Derivative liabilities	0	722
Total current liabilities	115,494	119,113
Total liabilities	753,732	561,640
Total equity and liabilities	€ 655,805	€ 482,318