Kenon Holdings (KEN) Financial Statements & Analysis

Kenon Holdings (KEN) Income Statement

Kenon Holdings reported revenue of $871.93M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 16.1% from $751.30M a year earlier. Net income was $66.27M, down 88.9% year over year, a net margin of 7.6%. Gross margin was 16.8% and operating margin 7.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $379.00M, up 93.4% from the same quarter a year earlier.

Kenon Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Kenon Holdings Ltd. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	871.93	751.30	751.30	691.80	573.96	487.76	487.76	386.47	386.47	373.47	364.01	365.70
Cost of Revenue	725.11	607.52	607.52	494.31	474.11	389.41	389.41	315.22	-	287.18	289.32	297.24
Gross Profit	146.82	143.79	143.79	119.46	99.84	98.35	98.35	71.25	-	86.30	74.69	68.47
Operating Expenses
Research & Development	0.00	0.00	-	15.61	15.19	1.57	1.57	2.00	-	1.95	1.00	0.00
Selling, General & Administrative	105.86	84.15	84.15	84.72	92.10	67.76	67.76	33.77	-	33.54	33.04	55.60
Operating Expenses	84.47	96.28	96.28	154.92	97.02	75.06	75.06	48.24	-	30.32	32.50	26.18
Operating Income	62.35	47.51	47.51	42.56	2.83	23.29	23.29	23.01	-	55.97	42.19	42.29
Other Income/Expense
Interest Income	46.21	32.02	32.02	104.93	12.11	0.17	0.17	14.29	-	17.68	27.46	0.65
Interest Expense	70.03	92.03	85.66	52.31	47.54	136.12	51.92	37.66	-	23.22	30.38	69.00
Other Income/Expense	140.29	45.82	115.86	38.59	79.44	856.35	994.28	477.43	-	-61.51	419.78	-177.93
Income
Income Before Tax	176.51	93.32	93.32	-185.75	82.26	879.64	879.64	500.45	500.45	-5.54	461.97	-135.64
Income Tax Expense	28.24	40.55	40.55	25.20	37.98	4.33	4.33	4.70	4.70	16.68	11.50	72.81
Net Income	66.27	597.67	597.67	-235.98	312.65	930.27	930.27	507.11	507.11	-13.36	434.21	236.59
Net Income - Continuous Operations	148.26	597.67	52.77	55.96	312.65	930.27	875.32	507.11	-	-13.36	434.21	236.59
Net Income - Discontinued Operations	-	-	581.32	-266.91	305.38	-	-	-	-	-	-	-
EBITDA	318.95	272.42	272.42	133.50	192.68	989.21	989.21	559.02	69.41	48.98	522.77	102.34
EBIT	246.53	-	178.99	42.56	129.81	-	931.57	-	35.24	-	-	-
Depreciation & Amortization	5.14	93.44	4.50	82.18	62.88	57.64	2.62	34.17	34.17	32.09	30.42	178.46
Earnings Per Share
Basic EPS	1.00	11.00	11.00	-4.00	6.00	17.00	17.00	9.00	9.00	-	8.00	4.00
Diluted EPS	1.00	11.00	11.00	-4.00	6.00	17.00	17.00	9.00	9.00	-	8.00	4.00
Basic Shares Outstanding	51.97	52.71	52.71	53.36	53.89	53.88	53.88	53.87	53.87	53.86	53.83	53.76
Diluted Shares Outstanding	51.97	52.71	52.71	53.36	53.89	53.88	53.88	53.87	53.87	53.86	53.83	53.86

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Kenon Holdings Financial Statements

What was Kenon Holdings's revenue in fiscal 2025?

Kenon Holdings reported revenue of $871.93M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 16.1% from $751.30M a year earlier.

Is Kenon Holdings profitable?

Yes. Kenon Holdings earned net income of $66.27M in fiscal 2025, a net margin of 7.6%. In fiscal 2024 it earned $597.67M.

What is Kenon Holdings's operating margin?

Kenon Holdings's operating income was $62.35M on revenue of $871.93M in fiscal 2025, an operating margin of 7.2%, compared with 6.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition