Kenon Holdings Ltd. Reports Q1 2025 Results: OPC's Net Profit Jumps to $26M, Revenue Increases to $183M

Reuters
2025/05/28
<a href="https://laohu8.com/S/KEN">Kenon Holdings Ltd</a>. Reports Q1 2025 Results: OPC's Net Profit Jumps to $26M, Revenue Increases to $183M

Kenon Holdings Ltd. has reported its financial results for the first quarter of 2025. The company's subsidiary, OPC Energy Ltd, saw a revenue increase to $183 million from $174 million in the same period of the previous year. This rise was driven by an increase in the scope of services in its U.S. electricity retail activities, resulting in a $23 million boost compared to the first quarter of 2024. OPC's net profit in Q1 2025 significantly increased to $26 million, compared to $4 million in Q1 2024. This improvement was largely due to a substantial increase in OPC's share of profit from CPV, which rose to $38 million from $20 million in the previous year. Additionally, OPC's Adjusted EBITDA, including its proportionate share in associated companies, increased to $110 million in Q1 2025 from $95 million in Q1 2024. Furthermore, in April 2025, Kenon distributed a cash dividend of approximately $250 million, equating to $4.80 per share, highlighting its strong financial performance and commitment to returning value to shareholders. No specific outlook or guidance for future performance was disclosed in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kenon Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-25-001981), on May 28, 2025, and is solely responsible for the information contained therein.

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