Kenon Holdings Reports 2025 Financial Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy KEN?
Source: PRnewswire
- Significant Revenue Growth: In 2025, OPC's revenue reached $872 million, an increase of $121 million from $751 million in 2024, demonstrating strong performance in both Israel and the U.S., particularly with Israeli revenue rising to $675 million, reflecting heightened market demand.
- Rising Cost of Sales: OPC's cost of sales in 2025 amounted to $658 million, up $136 million from $522 million in 2024, primarily due to rising raw material prices and increased operational costs, which exerted pressure on the company's profit margins.
- Decrease in Finance Expenses: In 2025, OPC's finance expenses were $63 million, significantly down from $82 million in 2024, mainly due to favorable exchange rate changes and increased interest income from bank deposits, providing the company with improved financial flexibility.
- Shareholder Dividend Plan: Kenon's board approved a cash dividend plan of approximately $200 million in March 2026, equating to $3.85 per share, expected to be paid on April 20, 2026, aimed at rewarding shareholders and boosting market confidence.
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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.
- Dividend Declaration: Kenon Holdings' board approved a cash dividend of $3.85 per share in March 2026, totaling approximately $200 million, reflecting strong cash flow and commitment to shareholder returns.
- OPC Profit Growth: OPC reported a net profit of $132 million for 2025, significantly up from $53 million in 2024, primarily driven by increased profit share from CPV, indicating robust performance in the energy market.
- Revenue and Cost Analysis: OPC's revenue for 2025 reached $872 million, an increase of $121 million from 2024, although sales costs rose to $658 million, highlighting challenges in profitability and cost management amid market expansion.
- Liquidity Position: As of December 31, 2025, OPC had $913 million in cash and cash equivalents, demonstrating strong capital management and providing support for future investments and dividends.
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- Annual Report Submission: Kenon Holdings filed its 2025 Annual Report with the SEC on March 30, 2026, reflecting the company's ongoing commitment to transparency and regulatory compliance.
- Financial Information Access: Investors can download the 2025 Annual Report from both the SEC's website and Kenon's corporate site, ensuring shareholders have easy access to the company's financial status and operational results.
- Company Background: Kenon Holdings is a holding company focused on promoting the growth and development of its primary businesses, particularly in the Israeli and U.S. power markets, highlighting its significant position in the industry.
- Shareholder Value Enhancement: Over the past decade, Kenon's businesses and holdings have evolved substantially, unlocking considerable shareholder value and demonstrating the company's successful track record in achieving strong shareholder returns.
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- Significant Revenue Growth: In 2025, OPC's revenue reached $872 million, an increase of $121 million from $751 million in 2024, demonstrating strong performance in both Israel and the U.S., particularly with Israeli revenue rising to $675 million, reflecting heightened market demand.
- Rising Cost of Sales: OPC's cost of sales in 2025 amounted to $658 million, up $136 million from $522 million in 2024, primarily due to rising raw material prices and increased operational costs, which exerted pressure on the company's profit margins.
- Decrease in Finance Expenses: In 2025, OPC's finance expenses were $63 million, significantly down from $82 million in 2024, mainly due to favorable exchange rate changes and increased interest income from bank deposits, providing the company with improved financial flexibility.
- Shareholder Dividend Plan: Kenon's board approved a cash dividend plan of approximately $200 million in March 2026, equating to $3.85 per share, expected to be paid on April 20, 2026, aimed at rewarding shareholders and boosting market confidence.
See More
- Annual Report Submission: Kenon Holdings filed its 2025 Annual Report with the SEC on March 30, 2026, demonstrating the company's ongoing commitment to transparency and regulatory compliance.
- Financial Information Access: Investors can download the 2025 Annual Report from both the SEC's website and Kenon's corporate site, ensuring shareholders have convenient access to the latest financial data, thereby enhancing trust between the company and its investors.
- Company Background: Kenon Holdings is a holding company focused on promoting the growth and development of its primary businesses, particularly in the Israeli and U.S. power markets, showcasing a strong track record of shareholder returns that reflects the evolution and value unlocking of its operations.
- Core Business: Kenon's primary business is OPC, a leading owner, operator, and developer of power generation facilities in the Israeli and U.S. markets, indicating the company's strategic position and market influence in the energy sector.
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- UGI International Divestiture: On January 15, UGI International agreed to sell its LPG businesses in the Czech Republic, Hungary, Poland, and Slovakia for approximately €48 million, significantly completing its portfolio optimization program aimed at focusing on markets with competitive advantages and growth opportunities, thereby driving sustainable value creation.
- UGI Stock Performance: UGI's shares gained around 6% over the past five days, reaching a 52-week high of $39.92, with an RSI value of 76.7 indicating an overbought condition, suggesting potential short-term pullback risks.
- Kenon Quarterly Earnings Decline: On December 3, Kenon Holdings reported quarterly earnings of 45 cents per share, down from 81 cents per share in the same period last year, reflecting profitability pressures despite an 11% stock gain over the past five days.
- Kenon Stock Dynamics: Kenon Holdings' shares rose 1.5% to close at $74.21 on Monday, with an RSI value of 72.3 indicating overbought status, which may influence investors' short-term decisions.
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- Rating Change: On December 8, JP Morgan analyst Mark Strouse downgraded Enlight Renewable Energy from Neutral to Underweight while maintaining a price target of $35, indicating concerns about the company's future performance amidst market volatility.
- Price Fluctuation: Despite a recent 11% gain over the past five days, the stock hovers near its 52-week high of $44.01 with an RSI of 72, signaling overbought conditions that may lead to short-term correction risks.
- Financial Performance: Kenon Holdings reported quarterly earnings of 45 cents per share on December 3, down from 81 cents per share in the same period last year, reflecting a significant decline in profitability that could undermine investor confidence.
- Market Reaction: Although Kenon Holdings' stock has risen approximately 13% over the past month, its RSI of 75.4 indicates it is also in overbought territory, suggesting potential adjustment pressures ahead.
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