Kernel Holding Ratios and Metrics

Market cap in millions PLN. Fiscal year is July - June.

Millions PLN. Fiscal year is Jul - Jun.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 2026	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
Market Capitalization	6,229	4,983	3,556	1,099	1,479	4,597
Market Cap Growth	24.43%	40.12%	223.45%	-25.65%	-67.83%	31.18%
Enterprise Value	6,298	5,000	4,174	4,553	8,344	9,167
Last Close Price	21.25	17.00	12.12	14.20	19.10	52.92
PE Ratio	8.05	5.79	5.27	0.90	-	2.35
Forward PE	6.94	1.17	1.17	1.17	3.40	3.78
PS Ratio	0.41	0.34	0.25	0.08	0.06	0.22
PB Ratio	0.79	0.66	0.47	0.16	0.20	0.62
P/TBV Ratio	0.80	0.68	0.49	0.17	0.22	0.68
P/FCF Ratio	13.51	8.18	2.68	0.42	-	4.28
P/OCF Ratio	8.57	5.71	1.87	0.38	-	2.62
PEG Ratio	-	1.36	1.36	1.36	1.36	1.36
EV/Sales Ratio	0.42	0.34	0.29	0.32	0.35	0.43
EV/EBITDA Ratio	4.12	3.33	1.99	2.16	4.77	3.47
EV/EBIT Ratio	5.51	4.09	2.34	2.55	6.12	3.90
EV/FCF Ratio	13.66	8.21	3.15	1.75	-	8.54
Debt / Equity Ratio	0.33	0.36	0.58	0.95	1.14	0.72
Debt / EBITDA Ratio	1.71	1.70	1.98	3.06	4.45	1.90
Debt / FCF Ratio	5.66	4.49	3.29	2.60	-	4.95
Net Debt / Equity Ratio	0.01	-0.01	0.04	0.39	0.86	0.42
Net Debt / EBITDA Ratio	0.05	-0.04	0.14	1.33	3.72	1.17
Net Debt / FCF Ratio	0.14	-0.10	0.23	1.08	-3.40	2.88
Asset Turnover	1.18	1.23	0.98	0.86	1.30	1.56
Inventory Turnover	5.60	6.71	6.08	3.48	5.20	7.42
Quick Ratio	1.60	1.73	1.04	0.82	0.37	1.26
Current Ratio	3.21	3.01	1.58	1.29	1.13	2.49
Return on Equity (ROE)	10.23%	12.04%	9.29%	17.42%	-2.24%	29.38%
Return on Assets (ROA)	5.61%	6.31%	7.61%	6.81%	4.63%	10.77%
Return on Invested Capital (ROIC)	12.02%	14.00%	16.11%	12.83%	10.30%	22.25%
Return on Capital Employed (ROCE)	11.40%	12.80%	21.80%	22.10%	15.60%	20.00%
Earnings Yield	12.42%	17.26%	18.99%	110.60%	-12.49%	42.51%
FCF Yield	7.40%	12.23%	37.26%	236.23%	-129.18%	23.34%
Dividend Yield	-	-	-	-	-	3.17%
Payout Ratio	-	-	-	-	-	6.88%
Buyback Yield / Dilution	0.01%	-14.19%	-231.71%	3.44%	4.57%	-0.84%
Total Shareholder Return	0.01%	-14.19%	-231.71%	3.44%	4.57%	2.33%

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