KEN on NYSE
Kenon Holdings Ltd
Public corporation owned by Idan Ofer
Kenon Holdings is a public corporation, which is a spin off from Israel Corporation, traded on the New York Stock Exchange and the Tel Aviv Stock Exchange. Owned by Israeli businessman Idan Ofer, it controls Israel Corp's investment in companies such as Qoros.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerKEN on NYSE1
- IndustryElectric Services1
- HeadquartersSingapore1
- Founded inSingapore1
- Websitewww.kenon-holdings.com
- Legal formlimited company1
- Listed onNew York Stock Exchange (KEN), Tel Aviv Stock Exchange (KEN)1
- Incorporated inSingapore5
- Business address1 Temasek Avenue #37-02B, Millenia Tower, Singapore, U0 0391925
- Filer categoryLarge accelerated filer5
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Kenon Holdings is a public corporation, which is a spin off from Israel Corporation, traded on the New York Stock Exchange and the Tel Aviv Stock Exchange. Owned by Israeli businessman Idan Ofer, it controls Israel Corp's investment in companies such as Qoros.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
16.8%Gross margin4
7.2%Operating margin4
17.0%Net margin4
16.1%Revenue growth, 20254
4.7%Return on equity4
$167.4MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Opc brought in 77% of the revenue Kenon Holdings Ltd broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Opc | $618.8M | $625.0M | $674.6M |
| CPV Group | $73.0M | $126.3M | $197.3M |
Regions
Israel brought in 77% of the revenue Kenon Holdings Ltd broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Israel | $618.8M | $625.0M | $674.6M |
| United States | $73.0M | $126.3M | $197.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs83¢$723.7M
- Profit17¢$148.3M
Out of $871.9M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending41¢$116.4M
- Kept or used elsewhere59¢$167.4M
Out of $283.8M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $871.9M | $751.3M | $691.8M |
| Cost of sales and services (excluding depreciation and amortization) | -$657.8M | -$521.9M | -$494.3M |
| Depreciation and amortization | -$67.3M | -$85.6M | -$78.0M |
| Gross profit | $146.8M | $143.8M | $119.5M |
| Selling, general and administrative expenses | -$120.4M | -$95.9M | -$84.7M |
| Other income/(expenses), net | $35.9M | -$333.0K | $7.8M |
| Operating profit | $62.3M | $47.5M | $42.6M |
| Financing expenses | -$86.8M | -$115.2M | -$66.3M |
| Financing income | $49.3M | $46.9M | $39.4M |
| Financing expenses, net | -$37.4M | -$68.3M | -$27.0M |
| Gain on loss of control in the CPV Renewable | $0 | $69.3M | $0 |
| Share in profit of OPC's equity-accounted investees, net | $151.6M | $44.8M | $65.6M |
| Profit before income taxes | $176.5M | $93.3M | $81.2M |
| Income tax expense | -$28.2M | -$40.6M | -$25.2M |
| Profit for the year from continuing operations | $148.3M | $52.8M | $56.0M |
| Profit/(loss) for the year from divestment of ZIM | $0 | $581.3M | -$266.9M |
| Kenons shareholders | $66.3M | $597.7M | -$236.0M |
| Non-controlling interests | $82.0M | $36.4M | $25.0M |
| Profit/(loss) for the year | $148.3M | $634.1M | -$210.9M |
| Basic profit/(loss) per share | $1.27 | $11.34 | -$4.42 |
| Diluted profit/(loss) per share | $1.27 | $11.34 | -$4.42 |
| Basic profit per share from continuing operations | $1.27 | $0.31 | $0.58 |
| Diluted profit per share from continuing operations | $1.27 | $0.31 | $0.58 |
| Basic profit/(loss) per share from divestment of ZIM | $0.00 | $11.03 | -$5.00 |
| Diluted profit/(loss) per share from divestment of ZIM | $0.00 | $11.03 | -$5.00 |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.5B | $1.0B | $696.8M |
| Trade receivables | $137.0M | $80.4M | |
| Short-term derivative instruments | $15.4M | $54.0K | |
| Other investments | $107.3M | $142.6M | |
| Other current assets | $65.1M | $23.8M | |
| Total current assets | $1.8B | $1.3B | |
| Investment in OPC's equity-accounted investees | $1.6B | $1.5B | |
| Long-term restricted cash | $163.7M | $16.4M | |
| Long-term derivative instruments | $13.0M | $27.7M | |
| Deferred taxes | $9.9M | $2.7M | |
| Property, plant and equipment, net | $1.4B | $1.2B | |
| Intangible assets, net | $83.5M | $71.8M | |
| Long-term prepaid expenses and other non-current assets | $108.2M | $41.6M | |
| Right-of-use assets, net | $200.5M | $175.5M | $174.5M |
| Total non-current assets | $3.6B | $3.0B | |
| Total assets | $5.4B | $4.2B | $4.1B |
| Current maturities of loans from banks and others | $117.4M | $84.5M | |
| Trade and other payables | $245.1M | $94.0M | |
| Short-term derivative instruments | $94.0K | $317.0K | |
| Current maturities of lease liabilities | $2.6M | $4.0M | |
| Total current liabilities | $365.2M | $182.8M | |
| Long-term loans from banks and others | $1.1B | $726.6M | |
| Debentures | $509.6M | $456.0M | |
| Deferred taxes | $162.6M | $147.7M | |
| Other non-current liabilities | $7.6M | $31.5M | |
| Long-term derivative instruments | $787.0K | $0 | |
| Long-term lease liabilities | $7.6M | $9.0M | |
| Total non-current liabilities | $1.8B | $1.4B | |
| Total liabilities | $2.2B | $1.6B | $2.0B |
| Share capital | $50.1M | $50.1M | |
| Translation reserve | $36.2M | $2.6M | |
| Capital reserve | $47.7M | $64.0M | |
| Accumulated profit | $1.5B | $1.5B | |
| Equity attributable to owners of the Company | $1.6B | $1.6B | |
| Non-controlling interests | $1.6B | $1.1B | |
| Total equity | $3.2B | $2.7B | $2.1B |
| Total liabilities and equity | $5.4B | $4.2B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Profit/(loss) for the year | $148.3M | $634.1M | -$210.9M |
| Depreciation and amortization | $72.4M | $93.4M | $90.9M |
| Financing expenses, net | $37.4M | $68.3M | $27.0M |
| Share in profit of OPC's equity-accounted investees, net | -$151.6M | -$44.8M | -$65.6M |
| (Gain)/loss for the year from divestment of ZIM | $0 | -$581.3M | $266.9M |
| Gain on loss of control in the CPV Renewable | $0 | -$69.3M | $0 |
| Share-based payments | $43.3M | $9.7M | -$1.5M |
| Other expenses, net | $4.2M | $15.1M | $4.5M |
| Income taxes | $28.2M | $40.6M | $25.2M |
| Total adjustments | $182.2M | $165.7M | $136.4M |
| Change in trade and other receivables | -$67.5M | -$17.0M | -$2.9M |
| Change in trade and other payables | $74.0M | $4.7M | -$9.5M |
| Cash generated from operating activities | $188.8M | $153.4M | $124.0M |
| - ZIM | $0 | $66.3M | $151.0M |
| - OPCs equity-accounted investees | $100.4M | $63.6M | $3.6M |
| Income taxes paid, net | -$5.4M | -$18.2M | -$1.9M |
| Net cash provided by operating activities | $283.8M | $265.1M | $276.8M |
| Short-term deposits and restricted cash, net | -$41.0K | -$2.2M | $49.8M |
| Short-term collaterals deposits, net | $0 | $3.6M | $29.9M |
| Investment in long-term deposits, net | -$145.3M | $0 | $154.0K |
| Investments in equity-accounted investees, less cash acquired | -$291.8M | -$201.2M | -$7.6M |
| Acquisition of subsidiary, less cash acquired | -$58.3M | $0 | -$327.1M |
| Acquisition of property, plant and equipment, intangible assets and payment of long-term advance deposits and prepaid expenses | -$116.4M | -$340.7M | -$332.1M |
| Proceeds from sales of interest in ZIM | $0 | $501.0M | $0 |
| Proceeds from gain on loss of control in the CPV Renewable | $11.5M | $35.7M | $0 |
| Proceeds from distribution from equity-accounted investees | $45.3M | $25.5M | $3.0M |
| Proceeds from sale of subsidiary, net of cash disposed off | $0 | $2.6M | $2.0M |
| Proceeds From Sale Of Subsidiary Without Loss Of Control | $103.6M | $0 | $0 |
| Proceeds from sale of other investments | $41.1M | $82.5M | $193.7M |
| Purchase of other investments | $0 | $0 | -$50.0M |
| Long-term loan to an associate | $0 | $0 | -$23.9M |
| Interest received | $44.0M | $27.6M | $28.0M |
| Proceeds from transactions in derivatives, net | $4.3M | $1.4M | $2.0M |
| Net cash (used in)/provided by investing activities | -$361.9M | $135.9M | -$432.2M |
| Repayment of long-term loans, debentures and lease liabilities | -$202.5M | -$531.1M | -$167.8M |
| Proceeds from/(repayment of) short-term credit from banks and others, net | $4.1M | -$55.3M | $62.2M |
| Proceeds from Veridis transaction | $0 | $0 | $129.2M |
| Proceeds from issuance of share capital by a subsidiary to non-controlling interests, net of issuance expenses | $524.5M | $99.1M | $0 |
| Investments from holders of non-controlling interests in equity of subsidiary | $0 | $48.7M | $63.9M |
| Tax Equity Investment | $0 | $40.9M | $82.4M |
| Receipt of long-term loans, net | $352.8M | $532.0M | $371.9M |
| Proceeds from derivative financial instruments, net | $5.3M | $2.1M | $2.4M |
| Repurchase of own shares | -$9.6M | -$10.7M | -$28.1M |
| Cash distribution and dividends paid | -$267.9M | -$200.6M | -$150.4M |
| Proceeds from issuance of debentures, less issuance expenses | $151.8M | $52.3M | $0 |
| Interest paid | -$52.8M | -$61.6M | -$41.1M |
| Net cash provided by/(used in) financing activities | $505.8M | -$84.1M | $324.6M |
| Increase in cash and cash equivalents | $427.6M | $316.8M | $169.1M |
| Effect of exchange rate fluctuations on balances of cash and cash equivalents | $34.9M | $2.2M | -$7.5M |
Leadership
Who has led Kenon Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Subsidiaries and ownership
Also owns
- Qoros
From Wikidata.1
Timeline
- 2015Founded Founded in Singapore1
Recent filings
- Sep 30, 20266-K
- Sep 29, 20266-K
- Sep 28, 20266-K
- Sep 10, 20266-K
- Sep 8, 20266-K
- Aug 19, 20266-K
- Aug 14, 20266-K
- Aug 12, 20266-K
- Jun 29, 20266-K
- Jun 22, 20266-K
- Jun 3, 20266-K
- Jun 1, 20266-K
- May 28, 20266-K
- May 21, 20266-K
- May 20, 20266-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.kenon-holdings.com1
- Websitewww.kenon-holdings.com1
- WikipediaKenon Holdings
- WikidataQ19605389
- SEC EDGARCIK 1611005
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataKenon Holdings Ltd on Wikidata
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- 3WikipediaKenon Holdings Ltd on Wikipedia
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