Kenon Holdings reports OPC Q3 net profit up 200%

Kenon Holdings

03/12/2025 13:48

Overview

OPC Q3 revenue increased by $28 mln compared to Q3 2024

OPC Q3 net profit rose to $69 mln from $23 mln in Q3 2024

OPC Q3 adjusted EBITDA rose to $156 mln from $108 mln in Q3 2024

Outlook

Kenon did not provide specific financial guidance for future quarters or the full year

Result Drivers

INFRASTRUCTURE TARIFFS - Increased average tariffs for infrastructure services in Israel contributed to revenue growth

EXPANDED RETAIL ACTIVITIES - U.S. retail electricity sales increased due to expanded scope of activities

OWNERSHIP STAKES - Increased ownership stakes in associated companies boosted net profit

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 OPC Revenue
$265 mln
Q3 OPC Net Income
$69 mln
Q3 OPC Adjusted EBITDA
$156 mln


Press Release: ID:nPnzRvFma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)