Income Statement Forafric Global PLC

Stocks

AFRI

GI000A3DNK69

Food Processing

End-of-day quote Nasdaq 2026-10-07			5-day change	1st Jan Change
12.25 ^USD	+5.24%		+11.67%	+11.06%

10-07	Forafric Global Signs Letter of Intent to Buy AL NASR	MT
05-15	Forafric Global PLC Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: FORAFRIC GLOBAL PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	262M	290M	305M	274M	176M
Total Revenues	262M	290M	305M	274M	176M
Cost of Goods Sold, Total	219M	260M	275M	247M	158M
Gross Profit	42.37M	29.37M	30.6M	27.33M	18.4M
Selling General & Admin Expenses, Total	38.98M	30.8M	29.46M	30.13M	21.95M
Other Operating Expenses, Total	38.98M	30.8M	29.46M	30.13M	21.95M
Operating Income	3.39M	-1.42M	1.13M	-2.8M	-3.56M
Interest Expense, Total	-10.36M	-12.51M	-14.02M	-12.82M	-14.32M
Interest And Investment Income	543K	34K	37K	31K	52K
Net Interest Expenses	-9.82M	-12.48M	-13.98M	-12.78M	-14.27M
Currency Exchange Gains (Loss)	-1.44M	-10.37M	207K	-33K	1.62M
Other Non Operating Income (Expenses)	-	-1.69M	-	-2.55M	-900K
EBT, Excl. Unusual Items	-7.87M	-25.96M	-12.64M	-18.16M	-17.1M
Gain (Loss) On Sale Of Assets	-	-	-	-	6.6M
Asset Writedown	-	-	-	-4.96M	-
Other Unusual Items	-	4.73M	25K	1.44M	-222K
EBT, Incl. Unusual Items	-7.87M	-21.23M	-12.61M	-21.68M	-10.72M
Income Tax Expense	-89K	-2.06M	-106K	1.65M	1.38M
Earnings From Continuing Operations	-7.78M	-19.17M	-12.51M	-23.33M	-12.1M
Earnings Of Discontinued Operations	-	-	-	-22K	-1.68M
Net Income to Company	-7.78M	-19.17M	-12.51M	-23.36M	-13.79M
Minority Interest	-198K	42K	-168K	-970K	-1.1M
Net Income - (IS)	-7.98M	-19.13M	-12.68M	-24.32M	-14.89M
Net Income to Common Incl Extra Items	-7.98M	-19.13M	-12.68M	-24.32M	-14.89M
Net Income to Common Excl. Extra Items	-7.98M	-19.13M	-12.68M	-24.3M	-13.2M
Per Share Items
Net EPS - Basic	-0.07	-0.72	-0.47	-0.9	-0.55
Basic EPS - Continuing Operations	-0.07	-0.72	-0.47	-0.9	-0.49
Basic Weighted Average Shares Outstanding	120M	26.6M	26.88M	26.88M	26.9M
Net EPS - Diluted	-0.07	-0.72	-0.47	-0.9	-0.55
Diluted EPS - Continuing Operations	-0.07	-0.72	-0.47	-0.9	-0.49
Diluted Weighted Average Shares Outstanding	120M	26.6M	26.88M	26.88M	26.9M
Normalized Basic EPS	-0.04	-0.61	-0.3	-0.46	-0.44
Normalized Diluted EPS	-0.04	-0.61	-0.3	-0.46	-0.44
Supplemental Items
EBITDA	7.42M	3.71M	6.16M	1.89M	1.7M
EBITA	3.44M	-1.28M	1.39M	-2.45M	-3.09M
EBIT	3.39M	-1.42M	1.13M	-2.8M	-3.56M
EBITDAR	8.2M	4.7M	6.74M	2.7M	2.5M
Effective Tax Rate - (Ratio)	1.13	9.69	0.84	-7.61	-12.9
Total Current Taxes	2.1M	2.23M	1.99M	2.23M	1.7M
Total Deferred Taxes	-2.19M	-4.29M	-2.09M	-581K	-314K
Normalized Net Income	-5.12M	-16.18M	-8.07M	-12.32M	-11.79M
Interest on Long-Term Debt	446K	190K	156K	81K	24K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	69K	114K
Net Rental Expense, Total	777K	987K	581K	810K	795K
Imputed Operating Lease Interest Expense	394K	503K	326K	455K	560K
Imputed Operating Lease Depreciation	383K	484K	255K	355K	235K
Stock-Based Comp., Other (Total)	-	125K	169K	522K	396K
Total Stock-Based Compensation	-	125K	169K	522K	396K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	14.39M	24.83M	24.02M	12.23M	14.31M
Total Cash And Short Term Investments	14.39M	24.83M	24.02M	12.23M	14.31M
Accounts Receivable, Total	32.31M	30.86M	34.72M	17.98M	13.96M
Other Receivables	28.85M	44.93M	25M	8.21M	6.48M
Total Receivables	61.16M	75.78M	59.72M	26.19M	20.44M
Inventory	37.56M	27.22M	28.38M	15.22M	14.08M
Prepaid Expenses	-	1.44M	643K	485K	340K
Other Current Assets, Total	4.43M	14.3M	8.48M	23.25M	19.01M
Total Current Assets	118M	144M	121M	77.38M	68.18M
Gross Property Plant And Equipment	170M	158M	185M	165M	181M
Accumulated Depreciation	-44.64M	-47.51M	-54.7M	-47.43M	-57.16M
Net Property Plant And Equipment	126M	111M	130M	118M	124M
Goodwill	51.57M	45.9M	48.49M	42.89M	46.56M
Other Intangibles, Total	3.98M	3.72M	4.65M	4.4M	5.16M
Other Long-Term Assets, Total	973K	3.01M	4.77M	3.58M	2.96M
Total Assets	300M	307M	309M	246M	247M
Liabilities
Accounts Payable, Total	26.2M	27.3M	46.46M	35.31M	41.16M
Accrued Expenses, Total	4.42M	5.26M	3.7M	3.99M	5.86M
Short-term Borrowings	150M	184M	175M	141M	131M
Current Portion of Long-Term Debt	7.84M	3.42M	8.84M	3.61M	7.98M
Current Portion of Leases	3M	2M	1.63M	1.02M	786K
Current Income Taxes Payable	8.65M	5.52M	5.58M	9.13M	7.75M
Unearned Revenue Current, Total	1.91M	540K	1.27M	2.22M	1.94M
Other Current Liabilities	1.02M	9.74M	10.81M	11.49M	11.29M
Total Current Liabilities	203M	238M	253M	207M	208M
Long-Term Debt	26.18M	10.73M	10.49M	14.76M	14.21M
Long-Term Leases	4.45M	900K	2.83M	6.08M	5.59M
Deferred Tax Liability Non Current	18.72M	12.4M	10.98M	9.57M	10.28M
Other Non Current Liabilities	-	-	2.68M	3.09M	2.61M
Total Liabilities	252M	262M	280M	241M	240M
Common Stock, Total	120M	57K	27K	27K	27K
Additional Paid In Capital	-	144M	143M	144M	152M
Retained Earnings	-83.55M	-103M	-115M	-140M	-155M
Comprehensive Income and Other	3.68M	-2.98M	-5M	-5.67M	-6.19M
Total Common Equity	40.14M	38.05M	22.8M	-1.67M	-8.69M
Minority Interest	7.52M	6.9M	6.41M	6.99M	15.35M
Total Equity	47.65M	44.96M	29.21M	5.32M	6.66M
Total Liabilities And Equity	300M	307M	309M	246M	247M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	120M	26.88M	26.88M	26.9M	26.9M
ECS Total Common Shares Outstanding	120M	26.88M	26.88M	26.9M	26.9M
Book Value / Share	0.33	1.42	0.85	-0.06	-0.32
Tangible Book Value	-15.41M	-11.57M	-30.34M	-48.96M	-60.4M
Tangible Book Value Per Share	-0.13	-0.43	-1.13	-1.82	-2.25
Total Debt	191M	201M	199M	166M	159M
Net Debt	177M	177M	175M	154M	145M
Debt Equivalent Oper. Leases	6.22M	7.9M	4.65M	6.48M	6.36M
Minority Interest, Total (Incl. Fin. Div)	7.52M	6.9M	6.41M	6.99M	15.35M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	24.41M	21.54M	22.82M	12.82M	9.44M
Inventories - Finished Goods, Total	14.27M	5.68M	5.56M	2.4M	4.63M
Land - (BS)	25.14M	23.99M	25.39M	22.86M	25.32M
Buildings, Total	60.38M	55.54M	63.2M	54.03M	59.71M
Machinery, Total	56.28M	51.37M	63.28M	60.5M	67.52M
Full Time Employees	750	750	600	600	600
Accumulated Allowance for Doubtful Accounts (Supple)	15.74M	14.07M	14.98M	15.57M	12.57M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-7.98M	-19.13M	-12.68M	-24.32M	-14.89M
Depreciation & Amortization - CF	5.16M	6.45M	5.82M	5.69M	6.11M
Amortization of Goodwill and Intangible Assets - (CF)	55K	143K	260K	352K	464K
Depreciation & Amortization, Total	5.21M	6.59M	6.08M	6.04M	6.57M
(Gain) Loss From Sale Of Asset	-	-	-	-	-6.6M
Asset Writedown & Restructuring Costs	-	-	-	4.96M	1.02M
Stock-Based Compensation (CF)	-	125K	169K	522K	396K
Provision and Write-off of Bad Debts	2.79M	150K	87K	895K	696K
Net Cash From Discontinued Operations	-	-	-	1.21M	-605K
Other Operating Activities, Total	-2.39M	-9.06M	-1.82M	-966K	2.69M
Change In Accounts Receivable	-4.37M	-4.65M	-2.3M	8.85M	3.74M
Change In Inventories	-9.82M	6.33M	447K	10.13M	596K
Change In Accounts Payable	2.32M	5.25M	15.73M	-10.94M	3.51M
Change in Other Net Operating Assets	-10.28M	-43.18M	27.61M	27.09M	3.22M
Cash from Operations	-24.52M	-57.57M	33.33M	23.47M	356K
Capital Expenditure	-4.83M	-4.53M	-9.53M	-1.78M	-517K
Sale of Property, Plant, and Equipment	488K	765K	47K	7K	-
Cash Acquisitions	-8.64M	-	-37K	-	-
Divestitures	-	-	-	-	8.29M
Sale (Purchase) of Intangible assets	-634K	-262K	-319K	-283K	-451K
Investment in Marketable and Equity Securities, Total	-385K	-	-	-	-
Other Investing Activities, Total	-2.04M	-	-	-9K	-43K
Cash from Investing	-16.04M	-4.03M	-9.84M	-2.06M	7.28M
Short Term Debt Issued, Total	-	-	59.6M	57.73M	5.55M
Long-Term Debt Issued, Total	170M	204M	3.73M	6.5M	568K
Total Debt Issued	170M	204M	63.34M	64.24M	6.12M
Short Term Debt Repaid, Total	-	-	-79.37M	-86.35M	-19.61M
Long-Term Debt Repaid, Total	-127M	-147M	-5.15M	-8.68M	-3.06M
Total Debt Repaid	-127M	-147M	-84.52M	-95.03M	-22.67M
Issuance of Common Stock	-	7.16M	1K	-	-
Other Financing Activities, Total	-	10.86M	-	-2.4M	10.43M
Cash from Financing	42.75M	74.99M	-21.18M	-33.19M	-6.12M
Foreign Exchange Rate Adjustments	-482K	-2.96M	-3.11M	-7K	565K
Net Change in Cash	1.71M	10.43M	-806K	-11.79M	2.08M
Supplemental Items
Cash Interest Paid	9.2M	11.34M	15.75M	13.08M	13.24M
Cash Income Tax Paid (Refund)	2.5M	2.23M	1.99M	2.23M	1.1M
Levered Free Cash Flow	-24.24M	-16.21M	29.34M	20.68M	11.99M
Unlevered Free Cash Flow	-17.76M	-8.39M	38.1M	28.69M	20.94M
Change In Net Working Capital	19.62M	9.42M	-40.99M	-25.94M	-17.16M
Net Debt Issued / Repaid	42.75M	56.96M	-21.18M	-30.79M	-16.55M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	0.79	-0.29	0.23	-0.63	-0.9
Return on Total Capital	0.99	-0.37	0.3	-0.88	-1.32
Return On Equity %	-15.62	-41.4	-33.73	-135.18	-202.2
Return on Common Equity	-17.34	-48.93	-41.66	-230.12	254.87
Margin Analysis
Gross Profit Margin %	16.19	10.14	10.02	9.97	10.42
SG&A Margin	14.9	10.63	9.65	10.99	12.44
EBITDA Margin %	2.84	1.28	2.02	0.69	0.96
EBITA Margin %	1.31	-0.44	0.46	-0.89	-1.75
EBIT Margin %	1.29	-0.49	0.37	-1.02	-2.01
Income From Continuing Operations Margin %	-2.97	-6.62	-4.09	-8.51	-6.86
Net Income Margin %	-3.05	-6.6	-4.15	-8.87	-8.44
Net Avail. For Common Margin %	-3.05	-6.6	-4.15	-8.86	-7.48
Normalized Net Income Margin	-1.96	-5.58	-2.64	-4.49	-6.68
Levered Free Cash Flow Margin	-9.26	-5.59	9.61	7.54	6.79
Unlevered Free Cash Flow Margin	-6.79	-2.9	12.47	10.46	11.86
Asset Turnover
Asset Turnover	0.97	0.95	0.99	0.99	0.72
Fixed Assets Turnover	2.25	2.45	2.53	2.3	1.46
Receivables Turnover (Average Receivables)	8.75	9.17	9.32	10.41	11.05
Inventory Turnover (Average Inventory)	6.84	8.04	9.89	11.32	10.79
Short Term Liquidity
Current Ratio	0.58	0.6	0.48	0.37	0.33
Quick Ratio	0.37	0.42	0.33	0.19	0.17
Operating Cash Flow to Current Liabilities	-0.12	-0.24	0.13	0.11	0
Days Sales Outstanding (Average Receivables)	41.7	39.79	39.18	35.16	33.03
Days Outstanding Inventory (Average Inventory)	53.35	45.4	36.91	32.32	33.83
Average Days Payable Outstanding	30.93	39.04	48.76	63.83	88.92
Cash Conversion Cycle (Average Days)	64.12	46.15	27.32	3.65	-22.07
Long Term Solvency
Total Debt/Equity	401.54	448.13	680.57	3.12K	2.39K
Total Debt / Total Capital	80.06	81.76	87.19	96.9	95.99
LT Debt/Equity	64.28	25.87	45.63	391.85	297.48
Long-Term Debt / Total Capital	12.82	4.72	5.85	12.16	11.93
Total Liabilities / Total Assets	84.11	85.36	90.56	97.84	97.3
EBIT / Interest Expense	0.33	-0.11	0.08	-0.22	-0.25
EBITDA / Interest Expense	0.79	0.38	0.48	0.21	0.17
(EBITDA - Capex) / Interest Expense	0.32	0.01	-0.2	0.07	0.14
Total Debt / EBITDA	23.33	42.85	29.5	61.45	63.83
Net Debt / EBITDA	21.58	37.57	25.94	56.92	58.1
Total Debt / (EBITDA - Capex)	56.83	1.2K	-71.22	179.43	80.5
Net Debt / (EBITDA - Capex)	52.55	1.05K	-62.61	166.2	73.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	33.1	10.74	5.42	-9.18	-35.64
Gross Profit, 1 Yr. Growth %	4.85	-30.67	4.17	-4.22	-32.69
EBITDA, 1 Yr. Growth %	-45.73	-49.97	65.75	-68.46	-9.99
EBITA, 1 Yr. Growth %	-65.73	-136.57	-208.91	-263.02	26.32
EBIT, 1 Yr. Growth %	-65.77	-142	-179.68	-325.36	27.01
Earnings From Cont. Operations, 1 Yr. Growth %	5.5K	146.27	-34.75	85.91	-48.12
Net Income, 1 Yr. Growth %	7.16K	139.64	-33.73	91.9	-38.79
Normalized Net Income, 1 Yr. Growth %	-16.35K	216.17	-50.15	60.85	-4.32
Diluted EPS Before Extra, 1 Yr. Growth %	118.9	85.15	-34.41	91.04	-45.7
Accounts Receivable, 1 Yr. Growth %	17.58	-4.5	12.5	-48.2	-22.33
Inventory, 1 Yr. Growth %	41.51	-27.54	4.26	-46.35	-7.53
Net Property, Plant and Equip., 1 Yr. Growth %	18.43	-11.82	17.44	-2.23	5.3
Total Assets, 1 Yr. Growth %	26.15	2.42	0.74	-20.48	0.35
Tangible Book Value, 1 Yr. Growth %	-543.23	-24.94	162.28	89.31	23.37
Common Equity, 1 Yr. Growth %	-22.69	-5.19	-40.1	-107.34	419.37
Cash From Operations, 1 Yr. Growth %	120.3	121.01	-157.89	-29.59	-98.48
Capital Expenditures, 1 Yr. Growth %	635.62	-6.21	110.19	-81.28	-70.89
Levered Free Cash Flow, 1 Yr. Growth %	146.71	-33.11	-281.01	-30.96	-42.04
Unlevered Free Cash Flow, 1 Yr. Growth %	220.33	-52.76	-554.15	-25.25	-27.03
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.51	21.41	8.04	-1.72	-23.55
Gross Profit, 2 Yr. CAGR %	8.92	-14.74	-15.02	-3.26	-19.71
EBITDA, 2 Yr. CAGR %	-2.79	-47.89	-8.93	-48.51	-46.72
EBITA, 2 Yr. CAGR %	-8.56	-64.31	-36.89	0.62	43.5
EBIT, 2 Yr. CAGR %	-7.74	-62.08	-42.15	10.92	69.18
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.96	1.07K	26.76	24.25	-1.79
Net Income, 2 Yr. CAGR %	-0.72	1.22K	26.02	12.77	8.38
Normalized Net Income, 2 Yr. CAGR %	21.04	2.17K	25.54	-4.52	24.06
Diluted EPS Before Extra, 2 Yr. CAGR %	-	101.22	10.2	26.32	1.85
Accounts Receivable, 2 Yr. CAGR %	7.52	5.96	3.65	-23.67	-36.57
Inventory, 2 Yr. CAGR %	58.97	1.26	-13.08	-25.21	-29.57
Net Property, Plant and Equip., 2 Yr. CAGR %	10.67	2.19	1.76	3.05	1.46
Total Assets, 2 Yr. CAGR %	18.78	13.67	1.58	-10.49	-10.67
Tangible Book Value, 2 Yr. CAGR %	-64.04	82.4	40.31	105.73	52.82
Common Equity, 2 Yr. CAGR %	-26.4	-14.38	-24.64	-79.03	-38.26
Cash From Operations, 2 Yr. CAGR %	328.22	123.92	13.11	-36.16	-89.66
Capital Expenditures, 2 Yr. CAGR %	86.67	162.67	40.41	-36.96	-76.65
Levered Free Cash Flow, 2 Yr. CAGR %	-	28.46	10.03	22.61	-36.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	23.02	46.47	113.51	-26.15
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	16.51	15.82	1.57	-14.66
Gross Profit, 3 Yr. CAGR %	-	-6.31	-8.85	-13.59	-14.28
EBITDA, 3 Yr. CAGR %	-	-22.1	-23.37	-36.61	-37.97
EBITA, 3 Yr. CAGR %	-	-32.26	-48.23	-11.22	8.54
EBIT, 3 Yr. CAGR %	-	-29.03	-51.43	-6.15	16.04
Earnings From Cont. Operations, 3 Yr. CAGR %	-	33.27	348.12	44.19	-7.13
Net Income, 3 Yr. CAGR %	-	33.17	386.63	44.98	-8.01
Normalized Net Income, 3 Yr. CAGR %	-	66.7	535.05	34.02	-4.45
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	38.48	32.53	-4.66
Accounts Receivable, 3 Yr. CAGR %	-	3.36	8.1	-17.75	-23.23
Inventory, 3 Yr. CAGR %	-	22.34	2.25	-26	-19.73
Net Property, Plant and Equip., 3 Yr. CAGR %	-	2.6	7.04	-2.17	3.79
Total Assets, 3 Yr. CAGR %	-	13.05	9.19	-6.38	-7.02
Tangible Book Value, 3 Yr. CAGR %	-	-54.05	105.88	47.01	73.49
Common Equity, 3 Yr. CAGR %	-	-19.91	-23.99	-65.33	-38.88
Cash From Operations, 3 Yr. CAGR %	-	250.5	42.64	-3.42	-81.65
Capital Expenditures, 3 Yr. CAGR %	-	48.4	143.86	-28.37	-51.27
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	44.02	-5.15	-4.49
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	90.12	17.34	49.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	8.4	-2.13
Gross Profit, 5 Yr. CAGR %	-	-	-	-5.21	-14.56
EBITDA, 5 Yr. CAGR %	-	-	-	-24.78	-34.09
EBITA, 5 Yr. CAGR %	-	-	-	-9.87	-20.99
EBIT, 5 Yr. CAGR %	-	-	-	-6.79	-18.51
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	23.57	144.34
Net Income, 5 Yr. CAGR %	-	-	-	24.6	166.87
Normalized Net Income, 5 Yr. CAGR %	-	-	-	28.67	227.07
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	22.55
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-8.45	-12.67
Inventory, 5 Yr. CAGR %	-	-	-	0.48	-11.91
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	2.78	3.15
Total Assets, 5 Yr. CAGR %	-	-	-	2.97	0.76
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-16.3	77
Common Equity, 5 Yr. CAGR %	-	-	-	-53.15	-30.06
Cash From Operations, 5 Yr. CAGR %	-	-	-	77.36	-50.08
Capital Expenditures, 5 Yr. CAGR %	-	-	-	5.07	-4.68
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	4.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	30.44