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MARKETS / NYSE / KEN
NYSE · ELECTRIC SERVICES · LARGE CAP

Kenon Holdings Ltd. KEN

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$871.9M
▲ 16.1% YoY
$66.3M
▼ 88.9% YoY
$167.4M
In brief

What this company does

Kenon Holdings Ltd. generates and supplies power and energy through OPC, its primary business, a global independent power producer with generation facilities in Israel and, through CPV, the United States. It currently owns approximately 46% of OPC. As of December 31, 2025, OPC had 348 employees in Israel, of which 173 were in the OPC Israel division and 72 were at OPC's headquarters. OPC has three operating segments: Israel, U.S. Energy Transition and U.S. Renewable Energies. Its Israel segment, through OPC Israel, is engaged in the generation and supply of electricity and energy to private customers and to Noga, the System Operator in Israel, and in the development, construction and operation of power plants and energy generation facilities powered by natural gas and renewable energy co-located with energy storage. Kenon has returned more than $2.8 billion in cash and listed securities to shareholders since its Spin-Off in 2015.

Written from the business description in Kenon Holdings Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 871.9M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 871.9 · Net income 66.3
400M800M-200M-400M201520172019202120232025
Compound annual growth
+15.0%
+17.7%
+10.3%
−40.4%
−33.4%
−1.0%
−28.8%
+17.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +17.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
17 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.2% · Net 17.0%
50%100%150%-50%-100%201520172019202120232025
ROE
FY2025 · ROE 4.1%
20%40%60%-20%-40%-60%201520172019202120232025

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
USD 267.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 167.4
200M400M-80M-160M201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 267.9 · Net buybacks —
250.0M500.0M20182019202020212022202320242025

USD 267.9M in dividends — 404% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 5.4B
EquityUSD 1.6B
CashUSD 1.5B
Gross debtUSD 1.8B
Net debtUSD 290.8M
Current ratio4.94×

Net debt stands at 18% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.90.80.70.60.50.40.40.40.40.30.3
Operating income $B0.10.00.00.00.00.00.10.00.0−0.10.2
EBITDA $B0.10.10.10.10.10.10.10.10.1−0.00.3
Income tax $B0.00.00.00.00.00.00.00.00.10.00.0
Net income $B0.10.6−0.20.30.90.5−0.00.40.2−0.40.1
Free cash flow $B0.2−0.1−0.10.50.00.00.1−0.00.2−0.1−0.2
EPS, diluted $1.2711.34−4.425.8017.279.41·····
Dividend / sh $···········
Payout %40434−642371124−48823···
ROE %4.142.5−16.818.465.060.0−2.153.228.4−60.5·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 11 divergences in 48 reconciliationsAUDITED

No fiscal year had a computed check that closed clean. 11 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 47 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures11 divergent
ActivityElectric Services
Listed onNYSE
Incorporated inoutside the United States — SEC code U0
Fiscal year endsDecember 31
Data on record since2015

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