Kernel Holding S.A.
KARNF · OTC
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 5.33B | 652.11M | 90.67M | -41.10M | -0.47 |
| 2023 FY | 3.46B | 636.40M | 439.46M | 299.19M | 3.86 |
| 2024 FY | 3.61B | 691.41M | 478.08M | 169.11M | 0.66 |
| 2025 FY | 4.12B | 568.46M | 361.05M | 238.16M | 0.81 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 4.19B | 2.50B | 447.63M | 1.93B | 1.68B |
| 2023 FY | 3.89B | 2.14B | 954.10M | 1.66B | 1.74B |
| 2024 FY | 3.40B | 1.53B | 809.58M | 1.08B | 1.86B |
| 2025 FY | 3.32B | 1.24B | 617.51M | 757.18M | 2.08B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -305.46M | -300.28M | -605.75M | -34.07M | -126.28M |
| 2023 FY | 716.13M | -89.14M | 626.99M | — | 506.53M |
| 2024 FY | 475.40M | -145.00M | 330.40M | — | -144.51M |
| 2025 FY | 241.66M | -72.96M | 168.71M | — | -192.07M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 1.42B | 2.90B | — | — | — |
| 2023 FY | 329.07M | 1.04B | — | — | — |
| 2024 FY | 688.33M | 961.23M | — | — | — |
| 2025 FY | 1.36B | 1.50B | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q4 | 1.02B | 110.02M | 44.83M | 20.26M | 0.07 |
| 2026 Q1 | 826.02M | 159.83M | 114.45M | 95.48M | 0.33 |
| 2026 Q2 | 1.11B | 169.70M | 114.66M | 24.00M | 0.08 |
| 2026 Q3 | 1.15B | 224.99M | 137.80M | 86.57M | 0.30 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q4 | 3.32B | 1.24B | 617.51M | 757.18M | 2.08B |
| 2026 Q1 | 3.41B | 1.23B | 592.69M | 717.36M | 2.18B |
| 2026 Q2 | 3.37B | 1.19B | 330.66M | 935.89M | 2.18B |
| 2026 Q3 | 3.69B | 1.43B | 659.93M | 806.19M | 2.25B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q4 | 56.26M | -19.98M | 36.29M | — | 68.98M |
| 2026 Q1 | 13.92M | -22.15M | -8.24M | — | -24.82M |
| 2026 Q2 | -177.41M | -25.20M | -202.60M | — | -260.15M |
| 2026 Q3 | 243.76M | -11.69M | 232.07M | — | 329.26M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q4 | 1.35B | 1.49B | — | — | — |
| 2026 Q1 | 1.35B | 1.48B | — | — | — |
| 2026 Q2 | 1.74B | 2.35B | — | — | — |
| 2026 Q3 | 1.76B | 1.90B | — | — | — |