Kernel Holding Balance Sheet

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	330.6	617.51	809.58	954.1	447.63	574.04
Short-Term Investments	227.71	156.4	198.06	23.19	33.21	10.21
Cash & Short-Term Investments	558.31	773.91	1,008	977.29	480.83	584.25
Cash Growth	-34.36%	-23.20%	3.11%	103.25%	-17.70%	58.28%
Accounts Receivable	249.27	252.66	305.25	321.58	142.74	381.12
Other Receivables	162.62	125.84	114.13	252.28	204.69	185.97
Receivables	444.56	424.93	441.68	614.95	391.18	594.63
Inventory	792.22	594.14	465.37	489.44	1,116	708.67
Other Current Assets	233.35	211.31	240.66	360.43	535.31	396.18
Total Current Assets	2,028	2,004	2,155	2,442	2,523	2,284
Property, Plant & Equipment	1,226	1,192	1,117	1,226	1,266	1,430
Long-Term Investments	9.49	6.03	23.31	25.52	52.53	7.51
Goodwill	13.2	13.2	13.2	71.63	71.62	120.93
Other Intangible Assets	35.06	34.79	36.39	36.33	124.2	62.14
Long-Term Deferred Tax Assets	48.06	51.7	35.63	21.35	41.57	15.1
Other Long-Term Assets	10.36	18.47	16	62.17	106.73	38.97
Total Assets	3,371	3,320	3,397	3,885	4,186	3,997
Accounts Payable	136.4	142.88	127.85	158.57	161.34	150.06
Accrued Expenses	127.89	198.09	142.46	106.94	61.45	117.53
Short-Term Debt	182.63	148.89	315.17	869.93	1,093	12.82
Current Portion of Long-Term Debt	22.51	22.24	597.58	596.21	595.04	235.28
Current Portion of Leases	44.93	34.02	27.21	31.16	39.11	37.34
Current Income Taxes Payable	15.29	39.66	31.43	12.94	7.41	46.5
Current Unearned Revenue	24.27	7.48	18.6	49.04	11.53	29.21
Other Current Liabilities	83.65	73.59	106.77	74.01	269.22	288.08
Total Current Liabilities	637.57	666.85	1,367	1,899	2,238	916.82
Long-Term Debt	368.84	380.79	-	-	-	821.68
Long-Term Leases	159.52	171.23	142.53	166.74	200.44	287.15
Long-Term Deferred Tax Liabilities	19.19	19.19	20.04	20.56	21.89	20.81
Other Long-Term Liabilities	1.12	3.36	0.99	55.08	38.87	1.22
Total Liabilities	1,186	1,241	1,531	2,141	2,499	2,048
Common Stock	7.75	7.75	7.75	2.22	2.22	2.22
Additional Paid-In Capital	497.88	497.88	497.88	540.32	540.32	540.32
Retained Earnings	2,643	2,524	2,292	2,124	1,950	2,048
Treasury Stock	-	-	-	-96.9	-96.9	-
Comprehensive Income & Other	-965.41	-951.25	-932.94	-827.79	-712.19	-644.79
Total Common Equity	2,183	2,078	1,865	1,742	1,683	1,946
Minority Interest	1.32	1.06	1.65	2.14	3.03	2.76
Shareholders' Equity	2,184	2,079	1,866	1,744	1,686	1,949
Total Liabilities & Equity	3,371	3,320	3,397	3,885	4,186	3,997
Total Debt	778.43	757.18	1,082	1,664	1,928	1,394
Net Cash (Debt)	-220.13	16.74	-74.85	-686.75	-1,447	-810.02
Net Cash Per Share	-0.75	0.06	-0.29	-8.87	-18.04	-9.64
Filing Date Shares Outstanding	293.13	293.13	293.43	77.43	77.43	84.03
Total Common Shares Outstanding	293.13	293.13	293.43	77.43	77.43	84.03
Working Capital	1,391	1,337	788.29	543.3	284.97	1,367
Book Value Per Share	7.45	7.09	6.35	22.50	21.74	23.16
Tangible Book Value	2,135	2,030	1,815	1,634	1,487	1,763
Tangible Book Value Per Share	7.28	6.93	6.19	21.10	19.21	20.98
Land	-	4.52	4.74	2.38	1.86	2.53
Buildings	-	551.82	552.53	500.72	542.21	464.71
Machinery	-	709.72	645.14	573.01	580.4	551.62
Construction In Progress	-	52.08	46.88	221.72	195.81	317.43

Source: S&P Global Market Intelligence. Standard template. Financial Sources.