Kenon Holdings Reports Full Year 2024 Results and Additional Updates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
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Source: Newsfilter
Kenon Holdings Financial Results: Kenon Holdings announced a cash dividend of approximately $250 million and reported a successful sale of its remaining interest in ZIM for $394 million. Additionally, OPC Energy's net profit increased to $53 million in 2024, with total revenue rising to $751 million.
Share Repurchase and Legal Updates: Kenon has repurchased about 1.8 million shares under its buyback plan and is involved in ongoing legal proceedings related to the CIETAC Award against Baoneng Group concerning Qoros, with potential recoveries totaling around $260 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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