Ellomay Capital (ELLO) 6-K Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. for the Three and Dorad Financial Highlights

Exhibit 99.3

Summary of the Financial Statements of Ellomay Luzon Energy Infrastructures Ltd. as of and

for the three and nine months ended September 30, 2023

(summary of Hebrew version, the original language was published by Ellomay Capital Ltd. in Israel

and is available upon request)

                                   ELLOMAY LUZON ENERGY INFRASTRUCTURES LTD.

Condensed Statements of Financial Position

	As at September 30				As at December 31 2022
	2023		2022
	Unaudited				Audited
	NIS in thousands
Assets
Current assets:
Cash and cash equivalents		97		609		154
Trade and other receivables		216		266		116
		313		875		270
Non-current assets:
Investment in equity accounted investee		265,828		233,531		239,147
		266,141		234,406		239,417
Liabilities and Equity
Current liabilities:
Trade, related parties and other payables		471		1,157		219
Loans from shareholders		9,384		64,631		20,000
		9,855		65,788		20,219
Equity:
Share capital		*		*		*
Share premium		105,116		105,116		105,116
Capital notes		46,933		-		46,933
Accumulated profit		104,237		63,502		67,149
		256,286		168,618		219,198
		266,141		234,406		239,417

* Represents an amount less than NIS 1 thousand

                                   ELLOMAY LUZON ENERGY INFRASTRUCTURES LTD.

Condensed Statements of Comprehensive Income

	Nine Months ended September 30						Three Months ended September 30						Year ended December 31 2022
	2023			2022			2023			2022
	Unaudited						Unaudited						Audited
	NIS in thousands
General and administrative expenses		(562	)		(1,339	)		(436	)		(774	)		(1,395	)
Operating loss		(562	)		(1,339	)		(436	)		(774	)		(1,395	)
Financing expenses		(2,156	)		(6,524	)		(562	)		(2,117	)		(8,437	)
Share of profits of equity accounted investee		39,806			7,649			26,194			9,612			13,265
Net profit (loss) for the period		37,088			(214	)		25,196			6,721			3,433
Total comprehensive income (loss) for the period		37,088			(214	)		25,196			6,721			3,433

ELLOMAY LUZON ENERGY INFRASTRUCTURES LTD.

Condensed Statements of Changes in Equity

	Share Capital		Capital notes		Share Premium		Accumulated profit			Total Equity
	NIS in thousands
Balance as at January 1, 2023 (audited)		*		46,933		105,116		67,149			219,198
Transaction during the nine-month period ended September 30, 2023 (unaudited) – Total comprehensive profit		-		-		-		37,088			37,088
Balance as at September 30, 2023 (unaudited)		*		46,933		105,116		104,237			256,286
Balance as at January 1, 2022 (audited)		*		-		105,116		63,716			168,832
Transaction during the nine-month period ended September 30, 2022 (unaudited) – Total comprehensive loss		-		-		-		(214	)		(214	)
Balance as at September 30, 2022 (unaudited)		*		-		105,116		63,502			168,618
Balance as at July 1, 2023 (unaudited)		*		46,933		105,116		79,041			231,090
Transaction during the three-month period ended September 30, 2023 (unaudited) – Total comprehensive profit		-		-		-		25,196			25,196
Balance as at September 30, 2023 (unaudited)		*		46,933		105,116		104,237			256,286
Balance as at July 1, 2022 (unaudited)		*		-		105,116		56,781			161,897
Transaction during the three-month period ended September 30, 2022 (unaudited) – Total comprehensive profit		-		-		-		6,721			6,721
Balance as at September 30, 2022 (unaudited)		*		-		105,116		63,502			168,618
Balance as at December 31, 2021 (audited)		*		-		105,116		63,716			168,832
Transaction during the year ended December 31, 2022 (audited) – Capital notes		-		46,933		-		-			46,933
Total comprehensive profit		-		-		-		3,433			3,433
Balance as at December 31, 2022 (audited)		*		46,933		105,116		67,149			219,198

*Represents an amount less than NIS 1 thousand

                                   ELLOMAY LUZON ENERGY INFRASTRUCTURES LTD.

Condensed Statements of Cash Flows

	Nine months ended September 30						Three months ended September 30						Year ended December 31 2022
	2023			2022			2023			2022
	Unaudited						Unaudited						Audited
	NIS in thousands
Cash flows from operating activities -
Net profit (loss)		37,088			(214	)		25,196			6,721			3,433
Adjustments needed to present cash flows from the Company’s operating activities:
Adjustments to the Company’s profit and loss items:
Financing expenses		2,156			6,524			562			2,177			8,437
Company’s share of profits of equity accounted investee		(39,806	)		(7,649	)		(26,194	)		(9,612	)		(13,265	)
		(37,650	)		(1,125	)		(25,632	)		(7,495	)		(4,828	)
Changes in the assets and liabilities of the company:
Decrease (increase) in trade and other receivables		(478	)		(597	)		(45	)		4			(558	)
Increase in trade, related parties and other payables		252			1,087			266			874			249
		(226	)		490			221			878			(309	)
Cash paid during the period for:
Interest paid		(12,403	)		(528	)		(12,403	)		-			(528	)
Net cash provided by (used for) operating activities		(13,191	)		(1,377	)		(12,618	)		104			(2,232	)
Cash flows from investing activities -
Receipt of dividend from equity accounted investee		13,125			-			13,125			-			-
Net cash provided by investing activities		13,125			-			13,125			-			-
Cash flows from financing activities -
Receipt of loans from shareholders		506			1,487			33			400			1,887
Repayment of loans to shareholders		(497	)		-			(497	)		-			-
Net cash provided by financing activities		9			1,487			(464	)		400			1,887
Increase (decrease) in cash and cash equivalents		(57	)		110			43			504			(345	)
Cash and cash equivalents at the beginning of the period		154			499			54			105			499
Cash and cash equivalents at the end of the period		97			609			97			609			154