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.
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