Kempower KEMPOWR.HE
Public, HEL, reports in EUR. Founded 2015.
Theme: Electric cars.
EV power infrastructure.
2025-08-01 — Never profitable, only M&A
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 251m EUR | 12.3 % | 50.8 % | 2.1 % | -15m EUR | -5.8 % | -12m EUR | -0.22 | 6.5 | |
| 2024 | 224m EUR | -21.1 % | 52.3 % | 2.9 % | -29m EUR | -12.9 % | -23m EUR | -0.42 | -34.0 | |
| 2023 | 284m EUR | 173.7 % | 54.4 % | 1.6 % | 41m EUR | 14.3 % | 34m EUR | 0.61 | 188.1 | |
| 2022 | 104m EUR | – | 49.4 % | 2.5 % | 6.0m EUR | 5.8 % | 3.6m EUR | 0.06 | – | |
| 2026-Q2 | 69m EUR | 10.3 % | 50.1 % | – | -2.3m EUR | -3.4 % | -1.6m EUR | -0.03 | 6.9 | |
| 2026-Q1 | 67m EUR | 53.6 % | 48.4 % | – | -3.7m EUR | -5.5 % | -3.7m EUR | -0.07 | 48.0 | |
| 2025-Q4 | 72m EUR | – | 49.1 % | – | -4.2m EUR | -5.8 % | -3.3m EUR | -0.06 | – | |
| 2025-Q2 | 62m EUR | – | 53.9 % | – | -2.9m EUR | -4.7 % | -2.7m EUR | -0.05 | – | |
| 2025-Q1 | 44m EUR | – | 53.3 % | – | -7.4m EUR | -17.0 % | -6.2m EUR | -0.11 | – |
Sources
- 2025: yfinance
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q2: yfinance
- 2025-Q1: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 69m EUR | 62m EUR | +6.4m (+10 %) |
| Op. margin | -3.4 % | -4.7 % | +1.3 pts |
| FCF | -14m EUR | 2.6m EUR | -17m |
| Op. income | -2.3m EUR | ||
| Net income | -1.6m EUR | ||
| EPS (diluted) | -0.03 |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.4m EUR | 8.2m EUR | -4.8m EUR | -1.9 % | – | – | – | -5.2m EUR | -12m EUR |
| 2024 | -23m EUR | 19m EUR | -42m EUR | -18.8 % | – | – | – | -30m EUR | -11m EUR |
| 2023 | 40m EUR | 9.6m EUR | 30m EUR | 10.6 % | 117.6 % | 32m EUR | 18m EUR | – | 18m EUR |
| 2022 | -5.4m EUR | 6.2m EUR | -12m EUR | -11.2 % | -152.6 % | 4.5m EUR | -16m EUR | – | -80m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 9.56 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 530m EUR | 612m USD | 2026-09-15 |
| 52w high | 17.35 EUR | 2026-09-15 | |
| 52w low | 9.86 EUR | 2026-09-15 | |
| EV/EBITDA | 22.0 | 2026-07-10 (stale) | |
| Off 52w high % | -44.9 % | ||
| P/S | 2.1 | ||
| Lifetime CAGR | -11.1 % |
Notes
- 2025-08-01 opinion Never profitable, only M&A