# EDGAR Filing Document

**Accession Number:** 0001611005
**File Stem:** 0001178913-26-002998
**Filing Date:** 2026-6
**Character Count:** 31975
**Document Hash:** 06672dc441972f03493e76292c299ff7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001178913-26-002998.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001178913-26-002998

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260601

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kenon Holdings Ltd.
- **CENTRAL INDEX KEY:** 0001611005
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** U0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36761
- **FILM NUMBER:** 261046934

**BUSINESS ADDRESS:**
- **STREET 1:** 1 TEMASEK AVENUE #37-02B
- **STREET 2:** MILLENIA TOWER
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 039192
- **BUSINESS PHONE:** 65 6351 1780

**MAIL ADDRESS:**
- **STREET 1:** 1 TEMASEK AVENUE #37-02B
- **STREET 2:** MILLENIA TOWER
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 039192

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### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 6-K

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#### REPORT OF FOREIGN PRIVATE ISSUER

#### PURSUANT TO RULE 13a-16 OR 15d-16

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### June 1, 2026

#### Commission File Number 001-36761
&nbsp;&nbsp;&nbsp;&nbsp;<br>

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### Kenon Holdings Ltd.

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#### <br>

#### 1 Temasek Avenue #37-02B

#### Millenia Tower

#### Singapore 039192

#### (Address of principal executive offices)

#### <br>

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F ☐

EXHIBITS 99.1 AND 99.2 TO THIS REPORT ON FORM 6-K ARE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF KENON HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION STATEMENT.

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#### Exhibits

---

| | | |
|:---|:---|:---|
| [99.1](exhibit_99-1.htm) | [](exhibit_99-1.htm) | [Press Release, dated June 1, 2026: Kenon Holdings Reports Q1 2026 Results and Additional Updates](exhibit_99-1.htm) |
| [99.2](exhibit_99-2.htm) | [](exhibit_99-2.htm) | [Q1 2026 Summary Financial Information of Kenon and OPC and Reconciliation of Certain non-IFRS Financial Information](exhibit_99-2.htm) |

---

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | KENON HOLDINGS LTD. | KENON HOLDINGS LTD. |
| Date: June 1, 2026 | By: | /s/ Robert L. Rosen |
|  | Name: | Robert L. Rosen |
|  | Title: | Chief Executive Officer |

---

------

## Exhibit 99.1

------

#### Exhibit 99.1
![](image0.jpg)

#### Kenon Holdings Reports Q1 2026 Results and Additional Updates
**Singapore, June 1, 2026.** Kenon Holdings Ltd. (NYSE: KEN, TASE: KEN) ("**Kenon**") announces its results for Q1 2026 and additional updates.

#### Q1 and Recent Highlights

#### Kenon
• In May 2026, Kenon entered into a collar transaction with an investment bank relating to approximately 2% of the shares of OPC, providing Kenon a potential source of liquidity while allowing Kenon to retain exposure to potential share price upside, while limiting potential downside, with respect to such shares.

• In April 2026, Kenon distributed a cash dividend of approximately $200 million ($3.85 per share).

#### OPC
• OPC's net profit in Q1 2026 was $14 million, as compared to $25 million in Q1 2025. OPC's Q1 2026 net profit included its share in profit of CPV of $34 million, as compared to $38 million in Q1 2025.

• OPC's Adjusted EBITDA including proportionate share in associated companies<sup>1</sup> in Q1 2026 was $124 million, as compared to $113 million in Q1 2025.

------

<sup>1</sup> Adjusted EBITDA including proportionate share in associated companies is a non-IFRS measure. See Exhibit 99.2 of Kenon's Form 6-K dated June 1, 2026 for the definition of OPC's EBITDA and Adjusted EBITDA including proportionate share in associated companies and a reconciliation to profit for the applicable period.

------

#### Discussion of Results for the Three Months ended March 31, 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%. On January 1, 2026, OPC changed its presentation currency from NIS to USD, while its functional currency (NIS) remained unchanged.

See Exhibit 99.2 of Kenon's Form 6-K dated June 1, 2026 for a summary of Kenon's consolidated financial information; a summary of OPC's consolidated financial information; and a reconciliation of OPC's EBITDA and Adjusted EBITDA including proportionate share in 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.

#### Summary Financial Information of OPC

---

| | | |
|:---|:---|:---|
|  | **For the three months ended**<br> **March 31,** | **For the three months ended**<br> **March 31,** |
|  | 2026 | 2025 |
|  | **$ millions** | **$ millions** |
| Revenue | 317 | 183 |
| Cost of sales (excluding depreciation and amortization) | (245) | (139) |
| Financing expenses, net | (20) | (13) |
| Share in profit of associated companies, net | 34 | 38 |
| Profit for the period | **14** | **25** |
| Attributable to: |  |  |
| Equity holders of OPC | 12 | 18 |
| Non-controlling interest | 2 | 7 |
| Adjusted EBITDA including proportionate share in associated companies<sup>2</sup> | **124** | **113** |

---

For details of OPC's results please refer to Appendix B.

#### Revenue

#### <br>

---

| | | |
|:---|:---|:---|
|  | **For the three months ended**<br> **March 31,** | **For the three months ended**<br> **March 31,** |
|  | **2026** | **2025** |
|  | **$ millions** | **$ millions** |
| Israel | 181 | 146 |
| U.S. | 136 | 37 |
| **Total** | **317** | **183** |

---

OPC's revenue increased by $134 million in Q1 2026 as compared to Q1 2025.

Set forth below is a discussion of changes in the key components in revenue for Q1 2026 as compared to Q1 2025.

*Israel*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *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 Q1
 2026 was NIS 0.2890 per KW hour, which is approximately 2% lower than NIS 0.2939 per KW hour in Q1 2025. OPC's revenue from the sale of electricity to private customers increased by $18 million in Q1 2026 as compared to Q1 2025 as a result
 of an increase of $10 million due to an increase in customer consumption and an increase of $12 million driven by the strengthening of the New Israeli Shekel against the U.S. Dollar between the periods; and

• *Revenue from private customers in respect of infrastructure services in Israel* – Increased by $17 million in Q1 2026 as compared to Q1 2025 primarily as a result of an increase in average tariffs between the periods.

------

<sup>2</sup> Non-IFRS measure. See Exhibit 99.2 of Kenon's Form 6-K dated June 1, 2026 for the definition of OPC's EBITDA and Adjusted EBITDA including proportionate share in associated companies and a reconciliation to profit for the applicable period.

------

*United States*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Revenue from sale of electricity (Energy Transition) in the U.S.* – Increased by $68 million in Q1 2026 as compared to Q1 2025, primarily due to the consolidation of CPV Shore from January 2026,
 which resulted in (i) an increase in revenue from generation and sale of electricity of $84 million, (ii) an increase of revenue from capacity payments of $14 million, offset by (iii) realization of derivatives for hedging electricity
 prices of $30 million; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Revenue from sale of electricity (retail) activities in the U.S.* – Increased by $31 million in Q1 2026 as compared to Q1 2025, primarily as a result of increase in scope of retail activities.

#### Cost of Sales (Excluding Depreciation and Amortization)
Set forth below is a summary of OPC's cost of sales (excluding depreciation and amortization) in Israel and the U.S. for Q1 2026 and Q1 2025.

---

| | | |
|:---|:---|:---|
|  | **For the three months ended**<br> **March 31,** | **For the three months ended**<br> **March 31,** |
|  | **2026** | **2025** |
|  | **$ millions** | **$ millions** |
| Israel | 131 | 105 |
| U.S. | 114 | 34 |
| **Total** | **245** | **139** |

---

OPC's cost of sales (excluding depreciation and amortization) increased by $106 million in Q1 2026 as compared to Q1 2025. Set forth below is a discussion of significant changes in cost of sales between Q1 2025 and Q1 2026.

*Israel*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Expenses in respect of infrastructure services in Israel –* Increased by $17 million in Q1 2026 as compared to Q1 2025, primarily as a result of an increase in average tariffs between the periods.

*United States*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Expenses for sale of electricity (Energy Transition) in U.S.* – Increased by $45 million in Q1 2026 as compared to Q1 2025, primarily due to the consolidation of CPV Shore, which resulted in (i)
 an increase in cost of natural gas of $73 million, (ii) an increase of operating expenses of $5 million, offset by (iii) realization of derivatives for hedging electricity prices of $33 million; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• *Expenses for sale of electricity (retail) in U.S. –* Increased by $34 million in Q1 2026 as compared to Q1 2025, primarily as a result of increase in scope of retail activities.

#### Financing Expenses, net
Financing expenses, net in Q1 2026 were $20 million, as compared to $13 million in Q1 2025.

#### Share in Profit of Associated Companies, net
OPC's share in profit in associated companies, net decreased by $4 million in Q1 2026 as compared to Q1 2025.

For further details of the results of associated companies of CPV, refer to OPC's immediate report published on the Tel Aviv Stock Exchange ("**TASE**") on May 20, 2026 and the convenience English translations furnished by Kenon on Form 6-K on May 20, 2026.

#### Liquidity and Capital Resources
As of March 31, 2026, OPC had unrestricted cash and cash equivalents of $1,158 million, restricted cash of $165 million (including restricted cash used for debt service), and total outstanding consolidated indebtedness of $2,281 million, consisting of $145 million of short-term indebtedness and $2,136 million of long-term indebtedness. As of March 31, 2026, a substantial portion of OPC's debt was denominated in NIS.

As of March 31, 2026, OPC's proportionate share of debt (including accrued interest) of CPV associated companies was $904 million and its proportionate share of cash and cash equivalents of CPV associated companies was $110 million.

------

#### Business and other Developments

#### Receipt of building permit for Hadera 2 Project
In May 2026, OPC's project company Hadera 2 ("**Hadera 2**") was granted a building permit for the Hadera 2 project, a plan for the construction of an 850 MW natural gas-fired power plant on land adjacent to OPC's Hadera power plant.

#### Completion of transaction to swap interests in Maryland Power Plant and Three Rivers Power Plant
In May 2026, CPV Group LP (a 70%-owned subsidiary of OPC) ("**CPV Group**") completed its previously announced transaction with the other partner (the "**Seller**") in CPV Maryland, LLC ("**CPV Maryland**") for the Seller's 25% ownership interest in CPV Maryland, which owns a 745 MW power plant located in Maryland, in exchange for CPV Group's 10% interest in CPV Three Rivers LLC ("**CPV Three Rivers**"), which owns a 1,258 MW power plant in Illinois. As a result, CPV Group now owns 100% of CPV Maryland, and no longer holds any interest in CPV Three Rivers.

For further information, see Kenon's Reports on Form 6-K furnished to the U.S. Securities and Exchange Commission ("**SEC**") on March 3, 2026 and November 19, 2025.

#### Update on Ramat Beka Project
In April 2026, OPC's Ramat Beka project company signed an engineering, procurement and construction (EPC) agreement for the construction of a solar power plant with an estimated installed capacity of 550 MW with integrated storage of about 3,850 megawatts/hr, with a total cost of approximately $158 million - $160 million.

#### Signing of agreement for supply of electricity to data centers in Israel
In May 2026, OPC, through an Israeli subsidiary, signed an electricity supply agreement (PPA) with an existing customer for the supply of electricity to data centers owned or being developed by the customer, with capacity expected by OPC to gradually reach approximately 460 megawatts, for a term of 19 years.

#### OPC Officer summoned in connection with Competition Authority investigation
In May 2026, an officer of OPC was summoned in connection with an investigation by the Israel Competition Authority relating to the tender conducted by the Israel Electric Corporation for the "Eshkol" power plant in 2023.

#### Additional Kenon Updates

#### Kenon's (stand-alone) Liquidity and Capital Resources
As of March 31, 2026, Kenon's stand-alone cash was $709 million. As of June 1, 2026, Kenon's stand-alone cash was $512 million. There is no material debt at the Kenon level.

Kenon's stand-alone cash includes cash and cash equivalents and other treasury management instruments.

#### Collar transaction relating to approximately 2% of OPC shares
In May 2026, Kenon entered into a collar transaction with an investment bank relating to 6,000,000 ordinary shares of OPC. The 6,000,000 OPC shares subject to the collar transaction represent 2% of OPC's outstanding shares.

The collar transaction provides a potential source of liquidity to Kenon as the collar transaction allows Kenon, in certain circumstances, to elect to borrow against the collar transaction under the terms thereof. The collar transaction also allows Kenon to retain exposure to potential upside in the collar shares up to the call strike price, while limiting the impact of potential decline in the share price.

For further information, see Kenon's Report on Form 6-K furnished to the SEC on May 28, 2026.

------

#### Interim Dividend for the Year Ending December 31, 2026
In April 2026, Kenon distributed an interim cash dividend of approximately $200 million ($3.85 per share) for the year ending December 31, 2026. <br>

#### Caution Concerning Forward-Looking Statements
*This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify these statements by the use of words like "may", "will", "could", "should", "believe", "expect", "plan", "estimate", "forecast", "potential", "intend", "target", "future", and variations of these words or comparable words. These statements include statements relating to (i) OPC's projects including expected capacity of projects, costs of contracts, PPAs and other non-historical matters relating to OPC and (ii) the collar transaction and other non-historical matters. These statements are based on current expectations or beliefs and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Kenon's control, which could cause the actual results to differ materially from those indicated in such forward-looking statements. Such risks include risks relating to (i) OPC's projects including risks relating to timing of completion, cost and capacity of projects, risks relating to the PPA discussed herein including the ultimate capacity of the PPA and other risks relating to OPC's business and (ii) risks relating to future trading prices of OPC shares and impact on the outcome of the collar transaction and amounts that Kenon may be able to borrow in connection with the collar transaction and other risks and factors including those risks set forth under the heading "Risk Factors" in Kenon's most recent Annual Report on Form 20-F filed with the SEC and other filings. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.*

#### Contact Info

---

| |
|:---|
| **Kenon Holdings Ltd.** |
| **Deepa Joseph**<br> Chief Financial Officer<br> IR@kenon-holdings.com |

---

#### <br> 5

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## Exhibit 99.2

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#### Exhibit 99.2

#### Financial Information for the Three Months Ended March 31, 2026 and 2025 of Kenon and OPC and

#### Reconciliation of Certain non-IFRS Financial Information

#### **Table of Contents**
[<u>Appendix A</u>](#AppendixA): Summary of Kenon's consolidated financial information

[<u>Appendix B</u>](#AppendixB): Summary of OPC's consolidated financial information

[<u>Appendix C</u>](#AppendixC): Definition of OPC's Adjusted EBITDA and non-IFRS reconciliation

------

#### Appendix A

#### Summary Kenon consolidated financial information

#### Kenon Holdings Ltd. and its subsidiaries<br> Consolidated Statements of Financial Position (Unaudited)

---

| | | |
|:---|:---|:---|
|  | March 31, | December 31, |
|  | 2026 | 2025 |
|  | $ millions | $ millions |
|  **Current assets** |  |  |
|  Cash and cash equivalents | 1772 | 1478 |
|  Trade receivables | 122 | 137 |
|  Short-term derivative instruments | - | 16 |
|  Other investments | 96 | 107 |
|  Other current assets | 42 | 65 |
|  **Total current assets** | 2032 | 1803 |
|  **Non-current assets** |  |  |
|  Investment in OPC's associated companies | 1348 | 1626 |
|  Long-term restricted cash | 165 | 164 |
|  Long-term derivative instruments | 13 | 13 |
|  Deferred taxes, net | 11 | 10 |
|  Property, plant and equipment, net | 2391 | 1372 |
|  Intangible assets, net | 84 | 83 |
|  Long-term prepaid expenses and other non-current assets | 19 | 108 |
|  Right-of-use assets, net | 333 | 201 |
|  **Total non-current assets** | 4364 | 3, 577 |
|  **Total assets** | 6396 | 5380 |
|  **Current liabilities** |  |  |
|  Current maturities of loans from banks and others | 145 | 117 |
|  Trade and other payables | 353 | 245 |
|  Short-term derivative instruments | 28 | - |
|  Current maturities of lease liabilities | 17 | 3 |
|  **Total current liabilities** | 543 | 365 |
|  **Non-current liabilities** |  |  |
|  Long-term loans from banks and others | 1661 | 1142 |
|  Debentures | 475 | 510 |
|  Deferred taxes, net | 167 | 162 |
|  Other non-current liabilities | 64 | 8 |
|  Long-term derivative instruments | 9 |  |
|  Long-term lease liabilities | 163 | 8 |
|  **Total non-current liabilities** | 2539 | 1, 830 |
|  **Total liabilities** | 3082 | 2195 |
|  **Equity** |  |  |
|  Share capital | 50 | 50 |
|  Translation reserve | 38 | 36 |
|  Capital reserve | 42 | 48 |
|  Accumulated profit | 1371 | 1455 |
|  Equity attributable to owners of the Company | 1501 | 1589 |
|  Non-controlling interests | 1813 | 1596 |
|  **Total equity** | 3314 | 3185 |
|  **Total liabilities and equity** | 6396 | 5380 |

---

------

#### Kenon Holdings Ltd. and its subsidiaries<br> Consolidated Statements of Profit or Loss (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **For the three months ended**<br> **March 31,** | **For the three months ended**<br> **March 31,** |
|  | 2026 | 2025 |
|  | &nbsp;&nbsp;&nbsp; **$ millions** | &nbsp;&nbsp;&nbsp; **$ millions** |
| Revenue | 317 | 183 |
| Cost of sales and services (excluding depreciation and amortization) | (245) | (139) |
| Depreciation and amortization | (25) | (17) |
| **Gross profit** | 47 | 27 |
| Selling, general and administrative expenses | (26) | (18) |
| Other expenses, net | (17) | - |
| **Operating profit** | 4 | 9 |
| Financing expenses | (31) | (23) |
| Financing income | 36 | 12 |
| **Financing income/(expenses), net** | 5 | (11) |
| Share in profit of OPC's associated companies, net | 34 | 38 |
| **Profit before income taxes** | 43 | 36 |
| Income tax expense | (9) | (9) |
| **Profit for the period** | 34 | 27 |
| **Attributable to:** |  |  |
| Kenon's shareholders | 26 | 12 |
| Non-controlling interests | 8 | 15 |
| **Profit for the period** | 34 | 27 |
| **Basic/diluted profit per share attributable to Kenon's shareholders (in dollars):** |  |  |
| Basic/diluted profit per share | 0.49 | 0.22 |

---

------

**Kenon Holdings Ltd. and its subsidiaries<br> Consolidated Statements of Cash Flows (Unaudited)**

<br> ---

| | | |
|:---|:---|:---|
|  | For the three months ended March 31, | For the three months ended March 31, |
|  | 2026 | 2025 |
|  | **$ millions** | **$ millions** |
|  **Cash flows from operating activities** |  |  |
|  Profit for the period | 34 | 27 |
|  Adjustments: |  |  |
|  Depreciation and amortization | 26 | 19 |
|  Financing (income)/expenses, net | (5) | 11 |
|  Share in profit of associated companies, net | (34) | (38) |
|  Share-based payments | 5 | - |
|  Other expenses, net | 22 | 3 |
|  Income tax expense | 9 | 9 |
|  | 57 | 31 |
|  Change in trade and other receivables | 26 | 3 |
|  Change in trade and other payables | (50) | 12 |
|  Payment under CPV Group's profit participation plan | (70) | - |
|  Cash (used in)/generated from operating activities | (37) | 46 |
|  Income taxes paid, net | (2) | - |
|  Dividends received from associate companies, net | 21 | 16 |
|  **Net cash (used in)/provided by operating activities** | (18) | 62 |

---

------

**Kenon Holdings Ltd. and its subsidiaries<br> Consolidated Statements of Cash Flows (Unaudited), continued**

<br> ---

| | | |
|:---|:---|:---|
|  | **For the three months ended** <br> **March 31,** | **For the three months ended** <br> **March 31,** |
|  | 2026 | 2025 |
|  | **$ millions** | **$ millions** |
| **Cash flows from investing activities** |  |  |
| Short-term deposits and restricted cash, net | (1) | - |
| Investment in associated companies, less cash acquired | (77) | (77) |
| Acquisition of property, plant and equipment | (126) | (13) |
| Acquisition of non-controlling interest | (8) | - |
| Acquisition of subsidiaries, less cash acquired | 64 | - |
| Proceeds from other investments | 12 | 14 |
| Proceeds from equity-accounted investee company capital distribution | 11 | - |
| Long-term loan repayment from an equity-accounted investee company | 29 | - |
| Interest received | 22 | 11 |
| Proceeds from transactions in derivatives not for hedging, net | 34 | - |
| **Net cash used in investing activities** | (40) | (65) |
| **Cash flows from financing activities** |  |  |
| Repayment of long-term loans, debentures and lease liabilities | (58) | (44) |
| Investments of holders of non-controlling interests in the capital of a subsidiary | 309 | 5 |
| Proceeds from long-term loans | 120 | 43 |
| Repurchase of own shares | - | (10) |
| Proceeds from short-term loans | 5 | - |
| Interest paid | (29) | (16) |
| **Net cash generated from/(used in) financing activities** | 347 | (22) |
| **Increase/(decrease) in cash and cash equivalents** | 289 | (25) |
| Cash and cash equivalents at beginning of the year | 1478 | 1016 |
| Effect of exchange rate fluctuations on balances of cash and cash equivalents | 5 | (4) |
| **Cash and cash equivalents at end of the period** | 1772 | 987 |

---

------

#### Information regarding reportable segments
Information regarding activities of the reportable segments are set forth in the following table.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the three months ended March 31, 2026 | For the three months ended March 31, 2026 | For the three months ended March 31, 2026 | For the three months ended March 31, 2026 |
|  | OPC Israel | CPV Group | Other | Consolidated Results |
|  | **$ millions** | **$ millions** | **$ millions** | **$ millions** |
|  Revenue | 181 | 136 | - | 317 |
|  Cost of sales (excluding depreciation and amortization) | (131) | (114) | - | (245) |
|  Depreciation and amortization | (18) | (8) | - | (26) |
|  Financing income | 5 | 6 | 25 | 36 |
|  Financing expenses | (17) | (14) | - | (31) |
|  Share in profit of associated companies | - | 34 | - | 34 |
|  Profit before taxes | 10 | 9 | 24 | 43 |
|  Income tax expense&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | (6) | - | (3) | (9) |
|  **Profit for the period** | 4 | 9 | 21 | 34 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the three months ended March 31, 2025 | For the three months ended March 31, 2025 | For the three months ended March 31, 2025 | For the three months ended March 31, 2025 |
|  | OPC Israel | CPV Group | Other | Consolidated Results |
|  | **$ millions** | **$ millions** | **$ millions** | **$ millions** |
|  Revenue | 146 | 37 | - | 183 |
|  Cost of sales (excluding depreciation and amortization) | (105) | (34) | - | (139) |
|  Depreciation and amortization | (19) | - | - | (19) |
|  Financing income | 1 | 2 | 9 | 12 |
|  Financing expenses | (14) | (2) | (7) | (23) |
|  Share in profit of associated companies | - | 38 | - | 38 |
|  Profit before taxes | 5 | 28 | 3 | 36 |
|  Income tax expense | (2) | (5) | (2) | (9) |
|  **Profit for the period** | 3 | 23 | 1 | 27 |

---

------

#### Appendix B

#### Summary of OPC consolidated financial information

#### OPC's Consolidated Statements of Profit or Loss

---

| | | |
|:---|:---|:---|
|  | **For the three months ended March 31,** | **For the three months ended March 31,** |
|  | **2026** | **2025** |
|  | **$ millions** | **$ millions** |
| Revenue | 317 | 183 |
| Cost of sales (excluding depreciation and amortization) | (245) | (139) |
| Depreciation and amortization | (24) | (17) |
| **Gross profit** | 48 | 27 |
| Selling, general and administrative expenses | (25) | (17) |
| Other expenses, net | (17) | (3) |
| **Operating profit** | 6 | 7 |
| Financing expenses | (31) | (16) |
| Financing income | 11 | 3 |
| **Financing expenses, net** | (20) | (13) |
| Share in profit of associated companies, net | 34 | 38 |
| **Profit before income taxes** | 20 | 32 |
| Income tax expense | (6) | (7) |
| **Profit for the period** | 14 | 25 |
| **Attributable to:** |  |  |
| Equity holders of the company | 12 | 18 |
| Non-controlling interest | 2 | 7 |
|  **Profit for the period** | 14 | 25 |

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#### Summary Data from OPC's Consolidated Statement of Cash Flows

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| | | |
|:---|:---|:---|
|  | **For the three months ended** <br> **March 31,** | **For the three months ended** <br> **March 31,** |
|  | **2026** | **2025** |
|  | **$ millions** | **$ millions** |
| Cash flows (used in)/provided by operating activities | (15) | 65 |
| Cash flows used in investing activities | (92) | (87) |
| Cash flows provided by/(used in) financing activities | 347 | (12) |
| **Increase/(decrease) in cash and cash equivalents** | 240 | (34) |
| **Cash and cash equivalents at beginning of the year** | 913 | 263 |
| **Effect of exchange rate fluctuations on balances of cash and cash equivalents** | 5 | (4) |
| **Cash and cash equivalents at end of the period** | 1158 | 225 |

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#### Summary Data from OPC's Consolidated Statement of Financial Position

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| | | |
|:---|:---|:---|
|  | **As at** | **As at** |
|  | **March 31,** <br> **2026** | **December 31,** <br> **2025** |
|  | **$ millions** | **$ millions** |
|  Total financial liabilities<sup>1</sup> | 2281 | 1769 |
|  Total monetary assets<sup>2</sup> | 1323 | 1077 |
|  Investment in associated companies | 1348 | 1626 |
|  Total equity attributable to the owners | 2288 | 2028 |
|  Total assets | 5691 | 4698 |

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1. Including loans from banks and others and debentures

2. Including cash and cash equivalents, term deposits and restricted cash

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#### Appendix C

#### Definition of OPC's EBITDA and Adjusted EBITDA including proportionate share in associated companies and non-IFRS reconciliation
This press release presents OPC's Adjusted EBITDA including proportionate share in associated companies, which is a non-IFRS financial measure.

OPC's EBITDA is defined for each period as net profit/(loss) before depreciation and amortization, financing expenses, net, and income tax expense. OPC's Adjusted EBITDA, including proportionate share in associated companies, is defined as EBITDA as further adjusted for expenses not in the ordinary course of business and/or of a non-recurring nature and share of depreciation and amortization, financing expenses and income tax expenses (if any) of associated companies. EBITDA and Adjusted EBITDA including proportionate share in associated companies are not recognized under IFRS as a measure of financial performance and should not be considered as a substitute for net profit or loss, cash flow from operations or other measures of operating performance determined in accordance with IFRS. EBITDA and Adjusted EBITDA including proportionate share in associated companies are not intended to represent funds available for dividends or other discretionary uses because those funds may be required for debt service, capital expenditures, working capital and other commitments and contingencies. There are limitations that impair the use of EBITDA and Adjusted EBITDA including proportionate share in associated companies as measures of OPC's profitability since it does not take into consideration certain costs and expenses that result from OPC's business that could have a significant effect on net profit, such as financial expenses, taxes, and depreciation and amortization.

OPC believes that the disclosure of EBITDA and Adjusted EBITDA including proportionate share in associated companies provides useful information to investors and financial analysts in their review of the company's, its subsidiaries', and its associated companies' operating performance and in the comparison of such operating performance to the operating performance of other companies in the same industry or in other industries that have different capital structures, debt levels and/or income tax rates.

Set forth below is a reconciliation of OPC's net profit to EBITDA and Adjusted EBITDA including proportionate share in associated companies for the periods presented. Other companies may calculate EBITDA and Adjusted EBITDA including proportionate share in associated companies differently, and therefore this presentation of EBITDA and Adjusted EBITDA including proportionate share in associated companies may not be comparable to other similarly titled measures used by other companies.

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| | | |
|:---|:---|:---|
|  | **For the three months ended** <br> **March 31,** | **For the three months ended** <br> **March 31,** |
|  | **2026** | **2025** |
|  | **$ millions** | **$ millions** |
| Profit for the period | 14 | 25 |
| Depreciation and amortization | 26 | 19 |
| Financing expenses, net | 20 | 13 |
| Income tax expense | 6 | 7 |
| EBITDA | **66** | **64** |
| Share in depreciation and amortization and financing expenses included within share in profit of associated companies, net | 41 | 46 |
| Changes in net expenses, not in the ordinary course of business and/or of a non-recurring nature | 17 | 3 |
| Adjusted EBITDA including proportionate share in associated companies | **124** | **113** |

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