Kernel Holding S.a.GPW: KER

Harvested 43% More Under Shelling and Rebuilt the Damaged Terminal in Chornomorsk: Kernel Publishes Half-Year Financial Results

· Issued by Kernel Holding S.A.

Kernel was the first on the market to implement electronic consignment notes at scale across its logistics operations. The company integrated 1,000 partner transport companies, 6,000 drivers, and more than 400 dispatchers and weighbridge operators into a single digital system, demonstrating that electronic consignment notes increase efficiency even during peak operational periods.

The rollout significantly accelerated settlement cycles, reduced the risk of document loss, and improved overall process transparency. Against the backdrop of the Ukrainian government's policy to digitalise freight transportation, Kernel is ready to share its practical experience to support the high-quality integration and rapid scaling of Electronic Consignment Notes as an industry standard. In particular, the company has adapted the structure of electronic consignment notes to meet the specific needs of agribusiness logistics.

Key business outcomes:

Faster settlements:
The time from unloading to payment was reduced multiple times. Carriers no longer need to wait 5-7 days for paper documents to be delivered by post.

Operational efficiency:
The time required to verify primary documents for accuracy was reduced by 80%.

Risk management:
The issue of lost consignment notes was fully eliminated. On average, Kernel issues around 240,000 consignment notes per season, even considering only the movement of agricultural products between the company's own facilities.

"We invested significant resources in educating the market. We helped thousands of drivers working with our partner carriers obtain qualified electronic signatures and adjust their processes. We proved that agribusiness can be faster and more efficient than other sectors and any bureaucratic procedures,"
- Mykola Miroshnychenko, Logistics Director, Kernel.

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