Assets

The company's long-term assets, such as goodwill and intangible assets, appear to be stable, indicating a consistent investment in research and development, which is a positive sign for future growth. However, the decrease in tangible assets and right-of-use assets suggests a potential shift in the company's capital allocation strategy, which may be a response to changing market conditions or a deliberate effort to optimize asset utilization. Overall, the company's asset base remains robust, providing a solid foundation for future operations and investments.

Inventory

The realised value of KH Group Inventory in Q2 2026 is 62.9 million Euros, and the predicted value for Q2 2027 (e) is 63.1 million Euros. The expected change in one year is 0.2 million Euros, which is a 0.32% increase. The KH Group Inventory is expected to increase by 1.2 million Euros from 2025 to 2026, which represents a 2% change. From 2026 to 2027, the Inventory is predicted to decrease by 2 million Euros, a 3.3% change. The year-end Inventory values for 2025, 2026, and 2027 are 60.2, 61.4, and 59.4 million Euros, respectively.

Account Receivables

The Accounts receivable for Q2 2026 is 19.6 million Euros, and for Q2 2027 (e) it is 19.7 million Euros. The expected change in one year is 0.1 million Euros, which is a 0.51% increase. The Accounts receivable for KH Group is expected to increase by 3.6 million Euros from 2025 to 2026, representing a 20.5% change. From 2026 to 2027, the Accounts receivable is predicted to decrease by 2.5 million Euros, a decline of 12.2%. The year-end values for Accounts receivable are 17.2 million Euros in 2025, 20.8 million Euros in 2026, and 18.3 million Euros in 2027.

The realised value for Q2 2026 is 3.4 million Euros, and the predicted value for Q2 2027 (e) is 3.6 million Euros. The expected change in one year is 0.2 million Euros, which represents a 5.88% increase. The cash value for 2025 is 3.6 million Euros. The cash value is expected to increase by 3.2 million Euros from 2025 to 2026, and by 2.0 million Euros from 2026 to 2027. This represents a 88.9% increase from 2025 to 2026, and a 28.7% increase from 2026 to 2027.

Shareholders Equity

The company's Shareholders' Equity has demonstrated a stable trend, with a slight decrease in the current period, primarily due to the recognition of comprehensive losses. This decrease is largely driven by the translation differences and retained earnings, indicating a potential need for the company to reassess its foreign exchange exposure and operating performance. Overall, the company's equity position remains solid, providing a strong foundation for future growth and investment initiatives.

The equity value for Q2 2026 is 48.6 million Euros, and the predicted equity value for Q2 2027 (e) is 51.6 million Euros. The expected change in equity value from Q2 2026 to Q2 2027 (e) is 3 million Euros, which represents a 6.2% increase. The equity is expected to increase by 0.7 million Euros from 2025 to 2026, which is a 1.4% change. From 2026 to 2027, the equity is expected to increase by 0.5 million Euros, representing a 1% change. The year-end values for Equity are 49.7 million Euros in 2025, 50.4 million Euros in 2026, and 50.9 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's reliance on long-term debt is a concern, as it may indicate a lack of flexibility in managing its capital structure and potentially expose the company to increased refinancing risks. Conversely, the relatively low short-term debt levels suggest that the company has effectively managed its working capital and liquidity, which is a positive sign. However, the high gearing ratio and equity ratio indicate that the company's capital structure is heavily reliant on debt, which may limit its ability to invest in growth opportunities and increase its vulnerability to interest rate fluctuations.

Account Payables

The realised Accounts payables for Q2 2026 is 32.5 million Euros, while the predicted Accounts payables for Q2 2027 (e) is 41.8 million Euros. The expected change in Accounts payables from Q2 2026 to Q2 2027 (e) is an increase of 9.3 million Euros, which represents a 28.6% increase. The Accounts payables for KH Group are expected to increase by 22.9 million Euros from 2025 to 2026, which is a 70.9% change. From 2026 to 2027, the Accounts payables are expected to decrease by 0.1 million Euros, which is a 0.2% change. The year-end values for Accounts payables are 32.5 million Euros in 2025, 55.4 million Euros in 2026, and 55.3 million Euros in 2027.

Net Debt

The Net Debt for Q2 2026 is 62.8 million Euros, and the predicted Net Debt for Q2 2027 (e) is 62.6 million Euros. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is a decrease of 0.2 million Euros, which is a 0.32% decrease. The Net Debt is expected to increase by 1.8 million Euros from 2025 to 2026, which is a 3.1% change. From 2026 to 2027, the Net Debt is expected to decrease by 2 million Euros, representing a 3.4% change. The year-end Net Debt values for the respective years are 58.6 million Euros in 2025, 59.4 million Euros in 2026, and 57.4 million Euros in 2027.