Sadot Group Inc.

Listed Company

SDOTCIK 0001701756NasdaqEmerging GrowthRetail-Eating & Drinking PlacesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$246.90M

Net Income

$-93.39M

Total Assets

$2.90M

Equity

$-57.41M

Shares Out

1.84M

Op. Cash Flow

$-8.69M

Business

Sadot Group Inc. is a holding company that operates a global Agri-Foods supply-chain business and retains a franchising role for legacy restaurant brands. It provides farming, commodity sourcing and trading, and international shipping services for food and feed commodities such as soybean meal, wheat and corn, and operates farming of grain and tree crops. Its key operating units are Sadot Agri-Foods — focused on farming, trading and shipping — and Sadot Food Services — acting as franchisor for Muscle Maker Grill and Pokémoto. The company distributes and sources commodities and farm products globally with subsidiaries and operations across the Americas, Africa, Europe, the Middle East and Asia, leveraging maritime and container shipping routes and regional trading offices.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Commodity sales	247	701	718	162	10
Other revenues	69,000	—	—	—	—
Cost of goods sold	−242	−678	−708	−157	—
Gross profit	5	23	10	4	—
Depreciation and amortization expenses	−95,000	−259,000	−1	−2	1
Stock-based expenses	−2	−7	−6	−4	—
Sales, general and administrative expenses	−43	−10	−9	−6	8
(Loss) / Income from continuing operations	−40	6	−7	−8	−9
Interest expense, net	−6	−5	−468,000	—	—
Change in fair value of stock-based compensation	778,000	4	—	—	—
Loss on impairment	−31	—	—	—	—
Loss on litigation	−14	—	—	—	—
Loss on debt extinguishment	−4	—	0	140,000	1
(Loss) / Income from continuing operations before income tax	−93	6	−5	−8	−8
Income tax benefit (expense)	228,000	−3,000	15,000	25,000	6,033
Net (Loss) / Income from continuing operations	−93	6	−5	—	—
(Loss) from discontinued operations, net of income taxes	−739,000	−2	−3	—	—
Net (loss) income from discontinued operations	−739,000	−2	−3	—	—
Net (Loss) / Income	−94	4	−8	−8	—
Net loss attributable to non-controlling interest	586,000	256,000	218,000	0	—
Net (Loss) / Income attributable to Sadot Group Inc.	−93	4	−8	−8	−8
Basic	−112.95	12.84	−1.45	—	—
Diluted	−112.95	12.61	−1.45	—	—
Basic	−0.9	−4.13	−0.79	—	—
Diluted	−0.9	−4.06	−0.79	—	—
Basic (shares)	820,288	458,339	3	29	16
Diluted (shares)	820,288	466,569	3	29	—
Net (Loss) / Income	−94	4	—	—	—
Foreign currency translation adjustment	−7,000	20,000	2,000	0	—
Unrealized (loss), net of income tax	—	−55,000	6,000	0	—
Total other comprehensive loss	−7,000	−35,000	8,000	0	—
Total comprehensive (loss) income	−94	4	−8	−8	—
Comprehensive loss attributable to non-controlling interest	586,000	256,000	218,000	0	—
Total comprehensive (loss) income attributable to Sadot Group Inc.	−93	4	−8	−8	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash (includes $0.27 million of restricted cash as of December 31, 2025 and 2024)	653,000	2	1	10	16
Accounts receivable, net of allowance for doubtful accounts of $27.8 million and $0.1 million as of December 31, 2025 and 2024, respectively	383,000	18	53	135,000	155,167
Inventory	—	717,000	3	298,000	258,785
Assets held for sale	—	5	0	—	—
Other current assets	2	127	56	317,000	—
Total current assets	3	153	113	11	18
Property and equipment, net	20,000	12	13	2	2
Right to use assets	110,000	—	1	2	—
Other non-current assets	10,000	155,000	48	103,000	—
Total assets	3	165	178	27	29
Accounts payable and accrued expenses	47	28	50	2	2
Notes payable, current, net of discount of $0.1 million and $0.9 million as of December 31, 2025 and 2024, respectively	10	7	7	222,000	347,510
Deferred revenue, current	—	2	—	—	—
Liabilities held for sale	—	2	0	—	—
Other current liabilities	27,000	92	47	182,000	286,088
Total current liabilities	58	132	105	7	3
Other non-current liabilities	84,000	111,000	47	—	—
Total liabilities	58	132	154	11	5
Common stock, $0.0001 par value, 2,000,000 shares authorized, 1,549,080 and 522,514 shares issued and outstanding as of December 31, 2025, and 2024, respectively	1,000	1,000	0	3,000	2,611
Additional paid-in capital	119	112	108	96	—
Accumulated deficit	−177	−83	−87	−79	−71
Accumulated other comprehensive (Loss) / Income	−34,000	−27,000	8,000	0	—
Total Sadot Group Inc. shareholders (deficit)/equity	−57	29	21	17	24
Non-controlling interest	3	3	3	0	—
Total (deficit)/equity	−55	32	36	17	24
Total liabilities and equity	3	165	178	27	29

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expenses	95,000	259,000	1	2	1
Gain / (loss) on fair value remeasurement	—	−17	—	—	—
Stock-based expenses	2	7	6	4	2
Change in fair value of stock-based compensation	−778,000	−4	—	—	—
Amortization of debt discount	2	—	—	—	—
Unrealized gain / (loss), net of income tax	—	−55,000	6,000	0	—
Loss on extinguishment of debt	4	—	—	—	—
Impairment of assets	31	—	—	—	—
Foreign exchange translation adjustment	−7,000	20,000	2,000	0	—
Bad debt expense	33	341,000	81,000	−48,000	6,663
Accounts receivable, net	−16	34	−53	−4,000	−21,525
Inventory	717,000	2	−2	−39,000	−125,461
Operating right to use assets and lease liabilities, net	−110,000	2,000	—	—	—
Other current assets	106	−54	−53	1	—
Other non-current assets	145,000	46	−44	65,000	—
Accounts payable and accrued expenses	17	−22	49	−133,000	622,828
Other current liabilities	−92	46	45	−104,000	−355,330
Other non-current liabilities	—	−46	—	—	—
Deferred revenue	−2	823,000	—	—	—
Total adjustments	85	−7	—	—	—
Net cash used in operating activities	−9	−3	−14	—	—
Net cash used in operating activities - discontinued operations	4	−450,000	96,000	—	—
Purchases of property and equipment	—	−37,000	−7	−597,000	−262,019
Disposal of property and equipment	—	33,000	25,000	0	—
Net cash provided by (used in) investing activities	—	−4,000	−4	—	—
Net cash provided by investing activities - discontinued operations	—	1	136,000	—	—
Proceeds from notes payable	12	11	12	0	—
Repayments of notes payables	−9	−8	−6	−200,000	−1
Debt Discount	−1	—	—	—	—
Proceeds from issuance of common stock	3	—	—	—	—
Net cash provided by (used in) financing activities	4	3	9	—	—
Net cash used in financing activities - discontinued operations	0	−137,000	−66,000	—	—
Net Change in Cash	−1	432,000	−9	−6	12
Cash paid for interest	1	3	600,000	96,000	80,697
Cash paid for taxes	4,000	4,000	19,000	26,000	—
Conversion of notes payable into common stock	2	2	—	—	—
Conversion of stock	2	2	—	—	—
Exchange of accounts receivable for equity securities	13	—	—	—	—
Issuance of equity securities to settle accounts payable	1	—	—	—	—
Issuance of common stock as equity issuance costs	100,000	—	—	—	—

Filings

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