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 It is headquartered in Singapore.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 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 inSingapore6
- Business address1 Temasek Avenue #37-02B, Millenia Tower, Singapore, U0 0391926
- Filer categoryLarge accelerated filer6
- LEI254900N5LVBX92GMVN724
- StatusActive4
- LEI statusIssued and current4
- Registered address8 CROSS STREET, 048424 Singapore, Singapore4
- Registered withAccounting and Corporate Regulatory Authority (ACRA), 201406588W4
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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 margin5
7.2%Operating margin5
17.0%Net margin5
16.1%Revenue growth, 20255
4.7%Return on equity5
0.52×Debt to equity5
$167.4MFree cash flow5
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
- Cost of revenue63¢$657.8M
- Research and development0¢$4.0M
- Selling, general and admin12¢$120.4M
- Interest8¢$86.8M
- Income tax3¢$28.2M
- Profit14¢$148.3M
Out of $871.9M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending30¢$116.4M
- Dividends paid70¢$267.9M
Out of $283.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| 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 quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.5B | $1.0B | $696.8M | $535.2M |
| 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 | $2.3B |
| Total liabilities and equity | $5.4B | $4.2B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.5B | $1.0B | $696.8M | $535.2M |
| 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 | $2.3B |
| 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 as filed: the last 3 fiscal years, latest first.5
| 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 |
No quarter-by-quarter statement was filed.
Corporate structure
Kenon Holdings Ltd sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Kenon Holdings Ltd
- Menora Mivtachim Holdings Ltd Filed SCHEDULE 13G on Kenon Holdings Ltd, latest May 19, 2026 (2 filings since Feb 10, 2022)
- Clal Insurance Enterprises Holdings Ltd Filed SCHEDULE 13G/A on Kenon Holdings Ltd, latest May 12, 2026 (4 filings since Feb 10, 2022)
- Harel Insurance Investments & Financial Services Ltd. Filed SCHEDULE 13G/A on Kenon Holdings Ltd, latest May 12, 2026 (5 filings since Jan 31, 2022)
- Yelin Lapidot Holdings Management Ltd. Filed SCHEDULE 13G on Kenon Holdings Ltd, latest Feb 11, 2025
- Altshuler Shaham Filed SC 13G/A on Kenon Holdings Ltd, latest Jul 5, 2024 (4 filings since Feb 14, 2022)
- Kenon Holdings Ltd Singapore, Singapore
- Opc Energy Ltd Tel Aviv Jaffa, Israel
- Qoros Subsidiary · Shanghai
- Zim Integrated Shipping Services Ltd Stake · Haifa, Israel
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What Kenon Holdings Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $1.4B5 Dec 31, 2025 | $1.2B5 Dec 31, 2024 | +18.7% |
| Operating-lease assets (leased space) | $200.5M5 Dec 31, 2025 | $175.5M5 Dec 31, 2024 | +14.3% |
Investments
Stakes and holdings (Wikidata)
Things Wikidata records the company as owning, with the share when stated.1
Leadership
Who has led Kenon Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
20202025
- FounderIdan Ofer1
- Chief financial officerDeepa Joseph Mar 16, 2026 to now15
Board members and other officers (9)
- OfficerGiora Almogy Mar 16, 2026 to now16
- Board memberAntoine Bonnier Mar 16, 2026 to now17
- Board memberArunava Sen Mar 16, 2026 to now18
- Board memberAviad Kaufman Mar 16, 2026 to now19
- Board memberCyril Pierre-Jean Ducau Mar 16, 2026 to now20
- Board memberLaurence N. Charney Mar 16, 2026 to now21
- Board memberN. Scott Fine Mar 16, 2026 to now22
- Board memberSay Mui Foo Mar 16, 2026 to now23
- Board memberWan-Li Audrey Low Mar 16, 2026 to now24
Subsidiaries and ownership
Also owns
Subsidiaries (GLEIF)
From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.
Timeline
- 2015Founded Founded in Singapore1
Calendar
Coming up
- Dec 2, 2026Reports results for the quarter ending Sep/202625
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
201 filings to the SEC since October 2021: 5 annual reports, 12 insider forms, 16 large holders, 168 other. The latest 20:
- Sep 30, 20266-K EDGAR
- Sep 29, 20266-K EDGAR
- Sep 28, 20266-K EDGAR
- Sep 10, 20266-K EDGAR
- Sep 8, 20266-K EDGAR
- Aug 19, 20266-K EDGAR
- Aug 14, 20266-K EDGAR
- Aug 12, 20266-K EDGAR
- Jun 29, 20266-K EDGAR
- Jun 22, 20266-K EDGAR
- Jun 3, 20266-K EDGAR
- Jun 1, 20266-K EDGAR
- May 28, 20266-K EDGAR
- May 21, 20266-K EDGAR
- May 20, 20266-K EDGAR
- May 19, 2026SCHEDULE 13G EDGAR
- May 14, 20266-K EDGAR
- May 12, 2026SCHEDULE 13G/A EDGAR
- May 12, 2026SCHEDULE 13G/A EDGAR
- May 5, 2026SCHEDULE 13G/A EDGAR
The 201 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Menora Mivtachim Holdings LtdSCHEDULE 13G, 2 filings Feb 10, 2022 to May 19, 202626
- Clal Insurance Enterprises Holdings LtdSCHEDULE 13G/A, 4 filings Feb 10, 2022 to May 12, 202627
- Harel Insurance Investments & Financial Services Ltd.SCHEDULE 13G/A, 5 filings Jan 31, 2022 to May 12, 202628
- Yelin Lapidot Holdings Management Ltd.SCHEDULE 13G, 1 filing Feb 11, 202529
- Altshuler ShahamSC 13G/A, 4 filings Feb 14, 2022 to Jul 5, 202430
Stakes it holds
Kenon Holdings Ltd has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
- Zim Integrated Shipping Services LtdSCHEDULE 13G/A Jan 24, 2022 to Jan 6, 202531
SEC filer profile
How Kenon Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARKenon Holdings Ltd.2
- CIK0001611005
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company32
- Incorporated inSingapore32
- Fiscal year endsDecember 312
- Industry code (SIC)4911 Electric Services2
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
- Business address1 Temasek Avenue #37-02B, Millenia Tower, Singapore, U0 0391922
- Phone65 6351 17802
- Shares outstanding52,108,397 shares as of Dec 31, 202532
- AuditorKPMG LLP, Singapore PCAOB ID 1057; it also attests to the company’s internal control over financial reporting32
- On EDGAR sinceJun 20, 20142
- Filings479 in all: 6-K (363), SC 13G/A (22), 20-F (12), 3 (12), SC 13D/A (10), SC 13G (10), UPLOAD (8), CORRESP (7)2
All 21 form types
144 (5), SCHEDULE 13G/A (5), CT ORDER (4), DRSLTR (4), 20FR12B/A (3), SC 13D (3), SCHEDULE 13G (3), 20-F/A (2), DRS/A (2), 20FR12B (1), 6-K/A (1), DRS (1), S-8 (1)
- Latest filingsAnnual report (20-F) Mar 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, no par value | KEN | The New York Stock Exchange |
From the cover page of the 20-F filed Mar 30, 2026 (Section 12(b) of the Exchange Act).32
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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- 16SEC EDGARGiora Almogy, Officer
- 17SEC EDGARAntoine Bonnier, Board member
- 18SEC EDGARArunava Sen, Board member
- 19SEC EDGARAviad Kaufman, Board member
- 20
- 21SEC EDGARLaurence N. Charney, Board member
- 22SEC EDGARN. Scott Fine, Board member
- 23SEC EDGARSay Mui Foo, Board member
- 24SEC EDGARWan-Li Audrey Low, Board member
- 25NasdaqNasdaq calendar
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