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KENON HOLDINGS SINGAPORE , Sept. 8 , 2026 / PRNewswire / -- Kenon Holdings Ltd. ( NYSE : KEN ) ( TASE : KEN ) ( " Kenon " ) announces its results for Q2 2026 and additional updates . Q2 and Recent Highlights Kenon • In August 2026 , Kenon received approximately $ 93 million ( net of certain outstanding costs and subject to tax ) from the Republic of Peru in connection with payment of the International Centre for Settlement of Investment Disputes arbitration award in favor of Kenon and its subsidiary , concluding this matter . OPC • OPC's net profit in Q2 2026 was $ 15 million , as compared to $ 1 million in Q2 2025 . • OPC's Adjusted EBITDA including proportionate share of associated companies¹ in Q2 2026 was $ 131 million , as compared to $ 90 million in Q2 2025 . • In June 2026 , OPC announced , in respect of the Hadera expansion project ( as described below ) , entry into a financing agreement and an engineering , procurement and construction agreement and receipt of tariff approval from the Israeli Electricity Authority . Financial closing of the project occurred in June 2026 . • In August 2026 , OPC issued NIS 600 million ( approximately $ 202 million ) of Series E bonds . Discussion of Results for the Three Months ended June 30 , 2026 Kenon's consolidated results of operations primarily comprise the consolidated results of OPC Energy Ltd ( " OPC " ) , in which Kenon holds an interest of approximately 46 % ² . See Exhibit 99.2 of Kenon's Form 6 - K dated September 8 , 2026 for a summary of Kenon's consolidated financial information ; a summary of OPC's consolidated financial information ; a reconciliation of OPC's EBITDA and Adjusted EBITDA including proportionate share of associated companies ( which is a non - IFRS measure ) to profit for the period . OPC The following discussion of OPC's results of operations is derived from OPC's consolidated financial statements . OPC publishes its results in U.S. Dollars starting in Q1 2026 . For the three months ended June 30 , 2026 2025 $ millions Revenue 379 Cost of sales ( excluding depreciation and amortization ) ( 265 ) 196 ( 150 ) Finance expenses , net ( 22 ) Share of profit of associated companies , net 4 ( 20 ) 21 Profit for the period 15 1 Attributable to : Equity holders of OPC Non - controlling interest 12 1 3 Adjusted EBITDA including proportionate share of associated companies³ 131 90 For condensed consolidated OPC's results for the relevant periods , please refer to Appendix B. Revenue For the three months ended June 30 , 2026 2025 $ millions Israel U.S. Total 203 153 176 43 379 196 OPC's revenue increased by $ 183 million in Q2 2026 as compared to Q2 2025 . Set forth below is a discussion of changes in the key components in revenue for Q2 2026 as compared to Q2 2025 . Israel • Revenue from sale of energy to private customers in Israel - OPC's revenue from the sale of electricity to private customers is derived from electricity sold at the generation component tariff , as published by the Israeli Electricity Authority , with some discount . Accordingly , changes in this tariff generally affect the prices paid by customers under power purchase agreements . The weighted - average generation component tariff in Q2 2026 was NIS 0.2890 per KW hour , which is approximately 2 % lower than NIS 0.2939 per KW hour in Q2 2025. OPC's revenue from the sale of energy to private customers increased by $ 26 million in Q2 2026 as compared to Q2 2025 , primarily due to an increase of $ 14 million relating to higher customer consumption and an increase of $ 17 million driven by the strengthening of the New Israeli Shekel against the U.S. Dollar during the period ; and • Revenue from private customers in respect of infrastructure services in Israel - Increased by $ 24 million in Q2 2026 as compared to Q2 2025 , primarily as a result of an increase of $ 16 million due to higher customer consumption and an average increase in tariffs , and an increase of $ 8