Kenon Files Annual Report on Form 20-F for the Year Ended December 31, 2025 with the U.S. Securities and Exchange Commission
Kenon Files Annual Report on Form 20-F for the Year Ended December 31, 2025 with the U.S. Securities and Exchange Commission
Kenon (NYSE: KEN) filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission on March 30, 2026.
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Kenon (NYSE: KEN) filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission on March 30, 2026. The 2025 Annual Report is available on the SEC website and Kenon's corporate website.
Hard copies of the complete 2025 audited financial statements are available free of charge upon request.
On Mar 30, the day this news came out, KEN closed 0.81% below the previous close.
Data tracked by StockTitan Argus for the Mar 30 session.
Market Context
This announcement confirms that Kenon filed its Form 20-F for the year ended December 31, 2025, cons...
Analysis
This announcement confirms that Kenon filed its Form 20-F for the year ended December 31, 2025, consolidating previously reported figures such as $872 million in revenue and $148 million profit from continuing operations. The filing also details leverage, regulatory and FX risks across OPC and associated projects. Investors may focus on dividend plans, cash of $1,478 million, and ongoing project financing and regulatory exposures when assessing future developments.
Key Figures
2025 revenue:$872 millionProfit from continuing ops:$148 millionOPC Adjusted EBITDA:$457 million+5 more
2025 revenue
$872 million
Consolidated revenue FY 2025 vs $751 million prior year
Profit from continuing ops
$148 million
FY 2025 vs $53 million prior year
OPC Adjusted EBITDA
$457 million
Adjusted EBITDA including associates, FY 2025
Cash & equivalents
$1,478 million
Kenon cash and cash equivalents as of Dec 31, 2025
Total assets
$5,380 million
Kenon total assets as of Dec 31, 2025
Dividend amount
$200 million
Interim cash dividend approved, FY 2025
Dividend per share
$3.85 per share
Interim dividend to shareholders of record on April 13, 2026
OPC private placement
8,000,000 shares for NIS 800 million (~$257 million)
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 20-f, u.s. securities and exchange commission, ifrs, ebitda, +4 more
8 terms
form 20-fregulatory
"filed its Annual Report on Form 20-F for the Year Ended December 31, 2025"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
u.s. securities and exchange commissionregulatory
"with the U.S. Securities and Exchange Commission (the "SEC") on March 30, 2026"
The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.
ifrsfinancial
"annual report for the year ended December 31, 2025, prepared under IFRS"
International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.
ebitdafinancial
"use of non-IFRS measures such as EBITDA and adjusted EBITDA"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
"use of non-IFRS measures such as EBITDA and adjusted EBITDA"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
take-or-pay obligationsfinancial
"gas supply terms with take-or-pay obligations, project financing covenants"
A take-or-pay obligation is a contract clause requiring a buyer to either take delivery of a set amount of goods or services or still pay for them if they do not take delivery. For investors it matters because it creates predictable revenue for the seller but also potential future liabilities if the buyer defaults or demand falls; think of it like a long-term subscription or reserved seat that you must pay for whether you use it or not.
project financing covenantsfinancial
"gas supply terms with take-or-pay obligations, project financing covenants"
Project financing covenants are the rules and promises built into a loan or financing deal for a specific project that require the project to meet certain financial and operational conditions, such as maintaining cash flow levels, limits on additional debt, or regular reporting. They matter to investors because these safeguards protect lenders and equity holders by reducing the risk the project will run out of money or take on risky behavior; breaking a covenant can lead to penalties, higher costs, or lenders taking control, which directly affects returns.
capped callfinancial
"settled a capped call over five million ZIM shares, generating about $34 million"
A capped call is a financial strategy that gives investors the right to buy shares at a set price, known as the strike price, but limits the maximum profit they can make from that gain. Think of it as a sales agreement where you can purchase something at a fixed price, but there's a cap on how much extra you can earn if the item's value rises significantly. This helps investors protect themselves from unlimited upside risk while still participating in potential gains.
SINGAPORE, March 30, 2026 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE: KEN) (TASE: KEN) ("Kenon") has filed its Annual Report on Form 20-F for the Year Ended December 31, 2025 (the "2025 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC") on March 30, 2026.
Kenon's 2025 Annual Report can be downloaded from the SEC's website (http://www.sec.gov) and is also available on Kenon's corporate website (http://www.kenon-holdings.com). Hard copies of Kenon's complete 2025 audited financial statements can be obtained, free of charge, upon request.
About Kenon
Kenon is a holding company initially established to promote the growth and development of our primary businesses. Over the last decade, Kenon's businesses and holdings have substantially evolved and unlocked substantial shareholder value, with Kenon demonstrating a track record of achieving strong shareholder return. Our primary business today is OPC – a leading owner, operator and developer of power generation facilities in the Israeli and U.S. power markets.
Contact Info Kenon Holdings Ltd. Deepa Joseph Chief Financial Officer IR@kenon-holdings.com
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kenon (KEN) file with the SEC on March 30, 2026?
Kenon filed its Form 20-F for the year ended December 31, 2025 with the SEC on March 30, 2026. According to Kenon, the 2025 Annual Report is available for download from the SEC website and on Kenon's corporate website for investor review.
Where can investors download Kenon's 2025 Annual Report (KEN)?
Investors can download the 2025 Annual Report from the SEC website and Kenon's website. According to Kenon, the report is posted on http://www.sec.gov and on http://www.kenon-holdings.com for convenient access.
Can shareholders obtain hard copies of Kenon (KEN) audited financial statements?
Yes. Hard copies of Kenon's complete 2025 audited financial statements are available free of charge upon request. According to Kenon, shareholders may request physical copies from the company's investor relations contact at no cost.
What period does the Kenon (KEN) 20-F cover and when was it filed?
The Form 20-F covers the year ended December 31, 2025 and was filed on March 30, 2026. According to Kenon, this filing completes the company's annual SEC disclosure for that fiscal year.
Does Kenon's (KEN) 20-F filing include audited financial statements?
Yes. The filing includes Kenon's audited financial statements for 2025 and related disclosures. According to Kenon, the complete audited 2025 financial statements are part of the Annual Report and available upon request.