Hi Luca,
even with kmod explictly added to the tools-tree:
$ mkosi --distribution debian \
--release sid \
--package kmod,linux-image-amd64 \
--output disk \
--tools-tree-profile devel \
--tools-tree-release sid
--tools-tree-distriution debian \
--tools-tree yes \
--tools-tree-package kmod
the issue persists.
The issue is not visible in latest upstream, nor in trixie,
nor if /usr/sbin is added to $PATH of the local machine.
I will try to bisect upstream, since it is not obvious from the
changelog which commit fixed it.