Kenon Holdings Announces Q2 2025 Financial Results and Other Developments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
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Source: Newsfilter
Q2 2025 Financial Highlights: Kenon Holdings reported a significant increase in revenue for OPC Energy, with total revenue reaching $196 million in Q2 2025 compared to $181 million in Q2 2024. Adjusted EBITDA also rose to $90 million from $66 million year-over-year.
Share Offerings and Investments: OPC raised a total of NIS 1,750 million ($506 million) through share offerings in June and August 2025, with Kenon investing approximately NIS 316 million ($90 million) in the June offering.
Hadera 2 Project Approval: The Israeli Government approved the construction of the Hadera 2 natural gas-fired power plant, expected to have an 850MW capacity, with estimated construction costs between NIS 4.5 billion to NIS 5 billion (approximately $1.3 billion to $1.5 billion).
Liquidity Position: As of June 30, 2025, Kenon had approximately $560 million in cash and no material debt, while OPC held $470 million in unrestricted cash and total outstanding indebtedness of $1,403 million.
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Analyst Views on KEN
About KEN
Kenon Holdings Ltd. is a Singapore-based holding company that operates dynamic, primarily growth-oriented businesses. The holdings are at various stages of development, ranging from established, cash generating businesses to early-stage companies. The Company has interests in the businesses: OPC (54.5% interest)-an owner, operator and developer of power generation facilities in the Israeli and United States power markets and ZIM (16.5% interest)-an international shipping company. OPC’s portfolio in Israel consists of OPC Rotem, approximately a 466 megawatt (MW) combined cycle power plant and OPC Hadera, a 148MW co-generation power plant. OPC’s portfolio in the United States consists of the CPV Group, a business engaged in the development, construction and management of power plants running conventional energy (powered by natural gas) and renewable energy in the United States. ZIM operates a fleet of approximately 80 container vessels, with a total container capacity of 385,000 TEUs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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