Kenon Holdings Ltd. balance sheet KEN

Annual Quarterly

As of Dec 31, 2025, Kenon Holdings Ltd. had total assets of $5.4 billion and total liabilities of $2.2 billion. Total assets were up 27.7% from a year earlier. Stockholders' equity was $3.2 billion. It held $1.5 billion in cash and investments against $1.8 billion of total debt, net debt of $301.0 million. The current ratio, current assets divided by current liabilities, was 4.94.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Assets
Cash	1,478 +45.5%	1,016 +45.8%	697 +30.2%	535 +12.8%	475 +65.8%	286 +94.5%	147 +12.2%	131 -90.7%	1,417
Cash and investments	1,478 +45.5%	1,016 +45.8%	697 +30.2%	535 +12.8%	475 +65.8%	286 +94.5%	147 +12.2%	131 -90.7%	1,417
Inventory	—	—	—	2 +13.0%	2	—	—	—	—
Total current assets	1,803 +42.8%	1,263 +15.2%	1,096 +3.2%	1,062 +82.6%	582 -36.8%	920 +179.1%	330 +0.6%	328 -78.2%	1,505
Property and equipment, net	1,372 +18.7%	1,156 -32.6%	1,715 +40.3%	1,222 +8.6%	1,126 +37.5%	819 +22.6%	668 +5.1%	635 +3.1%	616
Goodwill	—	—	—	105 +650.0%	14	—	—	0 -7.4%	0
Total assets	5,380 +27.7%	4,213 +2.6%	4,108 +8.9%	3,772 -6.6%	4,038 +62.7%	2,482 +64.6%	1,508 +3.7%	1,455 -42.4%	2,526
Liabilities and equity
Accounts payable	245 +160.7%	94 -48.3%	182 +36.3%	133 -22.2%	172 +33.8%	128 +145.4%	52 +9.6%	48 -19.1%	59
Total current liabilities	365 +99.7%	183 -49.0%	359 +85.9%	193 -56.9%	447 +96.2%	228 +117.1%	105 +16.8%	90 -88.8%	806
Total liabilities	2,195 +41.3%	1,554 -23.8%	2,038 +38.1%	1,476 -16.0%	1,758 +45.7%	1,206 +51.4%	797 +7.7%	739 -49.9%	1,475
Stockholders' equity	3,185 +19.7%	2,660 +28.5%	2,070 -9.8%	2,296 +0.7%	2,280 +78.7%	1,276 +79.3%	712 -0.5%	716 -31.9%	1,051
Debt
Debt due within a year	117 +39.0%	85 -50.2%	170 +332.0%	39 +2.5%	38 -17.6%	46 +1.9%	46 -86.6%	23 -82.2%	448
Long-term debt	1,652 +39.7%	1,183 -13.1%	1,360 +21.1%	1,124 -4.1%	1,172 +34.4%	872 +51.2%	577 +2.4%	563 -4.3%	589
Lease liabilities	10 -22.1%	13 -78.8%	62 +63.4%	38 +10.9%	34 +83.2%	19 +203.8%	6	—	—
Total debt	1,779 +39.0%	1,280 -19.6%	1,592 +32.6%	1,201 -3.5%	1,244 +32.8%	937 +49.1%	628 -30.5%	586 -18.4%	1,036
Net cash	-301 -13.9%	-264 +70.5%	-895 -34.4%	-666 +13.5%	-770 -18.3%	-651 -35.2%	-481 +37.8%	-455 -165.2%	381
Ratios
Current ratio	4.94x	6.91x	3.05x	5.50x	1.30x	4.04x	3.14x	3.64x	1.87x
Debt to equity	0.56x	0.48x	0.77x	0.52x	0.55x	0.73x	0.88x	0.82x	0.99x
Debt to EBITDA	13.73x	9.61x	13.20x	20.12x	16.44x	16.69x	—	—	14.32x
Return on equity	4.66%	23.84%	-10.19%	15.23%	38.39%	39.52%	0.34%	62.15%	25.50%
Return on assets	2.76%	15.05%	-5.13%	9.27%	21.67%	20.31%	0.16%	30.57%	10.62%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Electric Services (SIC 4911)
Listed as: KEN (NYSE)
Fiscal year ends: December 31
Incorporated in: Singapore
Headquarters: Singapore, Singapore
SEC filer status: Large accelerated filer
SEC CIK: 1611005

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.