Kenon Holdings
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Kenon Holdings (KEN) investor relations material

Kenon Holdings Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary8 Sep, 2026

Executive summary

  • Received $93 million (net) from the Republic of Peru in August 2026, concluding an arbitration award matter.

  • OPC's net profit for Q2 2026 was $15 million, up from $1 million in Q2 2025.

  • OPC's Adjusted EBITDA including associated companies was $131 million in Q2 2026, up from $90 million in Q2 2025.

  • OPC completed financial closing and began construction of the Hadera Expansion Project in June 2026.

  • OPC issued NIS 600 million (approx. $202 million) of Series E bonds in August 2026.

Financial highlights

  • OPC's Q2 2026 revenue was $379 million, up $183 million year-over-year.

  • Cost of sales (excluding depreciation and amortization) increased by $115 million to $265 million in Q2 2026.

  • Finance expenses, net, were $22 million in Q2 2026, compared to $20 million in Q2 2025.

  • OPC's share of profit from associated companies decreased by $17 million year-over-year.

Outlook and guidance

  • Forward-looking statements highlight risks related to project execution, financing, and regulatory approvals.

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