Assets

The company's long-term assets, comprising property, plant, and equipment, as well as right-of-use assets, have shown a moderate increase, indicating a steady investment in capital expenditures to support business growth. Conversely, the short-term assets, including cash and cash equivalents, have experienced a significant surge, suggesting a substantial injection of liquidity to meet operational needs and potentially capitalize on emerging opportunities. Overall, the company's total assets have expanded, reflecting a balanced approach to investing in both long-term growth drivers and short-term liquidity, while investments have remained relatively stable, indicating a cautious approach to risk management.

Shareholders Equity

The company's Shareholders' Equity has demonstrated a notable increase, primarily driven by the retention of profits and the absence of significant dividend payouts, which has allowed the company to maintain a robust equity base. Furthermore, the company's ability to generate consistent earnings and maintain a stable capital structure has contributed to the growth in Shareholders' Equity, indicating a strong financial performance. However, the company's equity ratio, while improving, remains below the industry average, suggesting that there may be opportunities for further optimization of the capital structure.

The value of Kesko Equity at the end of Q2 2026 is 2677.8 million Euros. The predicted value of Kesko Equity at the end of Q2 2027 (e) is 3199.3 million Euros. The expected change in Kesko Equity from Q2 2026 to Q2 2027 (e) is 521.5 million Euros, which is an increase of 19.5%. The equity is expected to increase by 138.1 million Euros from 2025 to 2026, which is a 4.9% change. From 2026 to 2027, the equity is predicted to increase by 490.2 million Euros, representing a 16.5% change. The year-end values for Equity are 2826.7 million Euros in 2025, 2964.8 million Euros in 2026, and 3454.0 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's long-term debt has increased significantly, indicating a substantial reliance on external financing to support its growth initiatives, which may pose a risk to its financial flexibility and ability to adapt to changing market conditions. The gearing ratio, while remaining relatively stable, suggests that the company's debt levels are still a significant proportion of its equity, potentially limiting its ability to absorb future shocks or invest in new opportunities. Conversely, the equity ratio has shown a slight improvement, indicating that the company's equity base is growing, albeit at a slower pace than its debt, which may be a positive sign for long-term sustainability.

The Net Debt in Q2 2026 is 1400.3 million Euros, and the predicted Net Debt in Q2 2027 (e) is 616.7 million Euros. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is a decrease of 783.6 million Euros, which is a 55.9% reduction. The Net Debt is expected to decrease by 396.7 million Euros from 2025 to 2026, which is a 30.4% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 822.2 million Euros, which is a 90.6% decrease. The year-end Net Debt values for the respective years are 1308.9 million Euros in 2025, 912.2 million Euros in 2026, and 90.0 million Euros in 2027.