Kernel Holding S.A.
KARNF
Other OTC5.20
USD
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Kernel Holding S.A.
KARNF
(Other OTC)
Recent
price
5.20
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ratio
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div
yld
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ROIC.AI
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- Business
- Kernel Holding S.A. (KER.WA) is a Luxembourg-incorporated, vertically integrated agribusiness company primarily engaged in the production, processing, export, and trading of grains, oilseeds, sunflower oil, and related products; it operates as the world's leading producer and exporter of sunflower oil, accounting for approximately 8-9% of global sunflower oil exports, and Ukraine's largest grain exporter with a 10% share of national grain exports. The company conducts its activities through three main segments: Oilseed Processing, which encompasses sunflower seed crushing with 4.0 million tons annual capacity, production and sale of bulk and bottled sunflower oil under brands such as Stozhar, Shchedry Dar, and Chumak, sunflower meal, and renewable energy generation from biomass via co-generation facilities; Infrastructure and Trading, including grain origination and merchandising, operation of export terminals with 11 million tons annual transshipment capacity at ports such as Chornomorsk, Pivdennyi, and Reni, inland silo storage of 2.2 million tons, a fleet of 3.4 thousand railcars, vessel operations, and proprietary trading via Avere Commodities; and Farming, involving cultivation across 358 thousand hectares focused on wheat, corn, soybeans, rapeseed, sunflower seeds, barley, peas, forage, and sugar beets using precision agriculture and sustainable practices. Kernel markets its products to over 60 countries worldwide, with primary operations in Ukraine and international trading presence in Switzerland, the Netherlands, India, China, Hong Kong, Singapore, Spain, and the UAE through subsidiaries such as Inerco Trade S.A., Avere Commodities SA, Estron Corporation Ltd, and Kernel Mideast Trading DMCC; it serves wholesale buyers, exporters, food manufacturers, and end consumers. Founded in 1995 and headquartered at 3 Tarasa Shevchenka Lane, Kyiv, Ukraine, the company is a subsidiary of Namsen Limited and has been listed on the Warsaw Stock Exchange since November 2007. In recent developments within the last two years, Kernel commissioned Ukraine's largest greenfield oilseed processing plant in February 2024 with capacity to process 231 thousand tons annually, launched a 20 MW biomass-powered renewable energy facility in December 2023 generating USD 24 million in EBITDA, acquired and revitalized a vegetable oil export terminal in Chornomorsk starting operations in January 2024, and purchased the OilExportTerminal at Pivdennyi port for enhanced oil transshipment; it also secured a landmark USD 150 million syndicated pre-export financing facility from international banks including ING, Rabobank, and the Black Sea Trade and Development Bank in 2025—the first such deal since the war began—joined FMO's financing as its inaugural direct Ukraine investment, redeemed USD 300 million Eurobonds on maturity in October 2024, issued Ukraine's first commodity agrarian note, advanced decarbonization via Science Based Targets initiative membership for its Poltava plant and CDP 'B' climate rating, and sustained operations amid war-related challenges including asset damages from Russian attacks on facilities in Chornomorsk, Vovchansk, and Prykolotne.