EX-99.1 2 ex-991earningsrelease33125.htm EX-99.1 Document

Exhibit 99.1
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Sadot Group, Inc. Reports First Quarter 2025 Results
Q1 Net Income Increases to $0.9 million, EBITDA Rises to $2.5 million, Revenue Up 24.1%
Dilutive EPS increases to $0.18, improving by $0.24 from prior year

BURLESON, Texas, May 14, 2025 (ACCESSWIRE) - Sadot Group Inc. (Nasdaq: SDOT) (“Sadot Group”, “Sadot” or the “Company”), an emerging player in the global food supply chain sector, today announced its financial results for the first quarter ended March 31, 2025. Chief Financial Officer, Jennifer Black and Interim Chief Executive Officer, David Hanna will host a conference call at 11:00am EDT / 8:00am PDT on May 15, 2025, to review the results. All interested parties are invited to join this call. The quarterly financial statements for the three months ended March 31, 2025, are available on the “investors” section of the Company’s website (www.sadotgroupinc.com/sec-filings) and can also be found on www.sec.gov.

First Quarter 2025 Financial Highlights
•Consolidated revenues of $132.2 million
◦24.1% increase over the prior year period
•Net income increased to $0.9 million
◦Improvement of $1.2 million, over a $0.3 million loss in the prior year period
•EBITDA of $2.5 million
◦ $2.5 million improvement from Q1 2024
•Dilutive EPS improved to $0.18 compared to a negative $0.06 in the prior year period
◦Up $0.24 compared to a negative $0.06 in the prior year period
•Working capital surplus of $21.9 million
◦Compared to $20.5 million as of December 31, 2024
Strategic and Operational Highlights
•Completed 76 transactions of over 0.2 million metric tons of agri-commodities throughout 17 different countries during the first quarter.
•Initiated the first trade from our newly established Sadot Korea subsidiary delivering commodities from Australia to Kenya and other countries.
•Sadot Canada, Inc., entered into a management services agreement with a leading supplier of pulses and specialty crop ingredients to the North American pet food industry.


All numbers disclosed in this report are the amounts attributable to Sadot Group Inc. and exclude the portion related to the non-controlling interests. All share based numbers are split adjusted.










Webcast Details

Date: Thursday, May 15, 2025
Time: 11:00 am EDT/ 8:00 am PDT
To register, please use the following link:

https://www.webcaster4.com/Webcast/Page/3084/52488

* Please note that when logging into the Webcast, individuals must, when prompted to, “allow video and audio” access to their device to view and hear the call.

About Sadot Group Inc.

Sadot Group Inc. has rapidly established itself as an emerging player in the global food supply chain. Sadot Group provides innovative and sustainable supply chain solutions that address the world's growing food security challenges.

Sadot Group currently operates within key verticals of the global food supply chain including global agri-commodity origination and trading operations for food/feed products such as soybean meal, wheat and corn, and farm operations producing grains and tree crops in Southern Africa.

Sadot Group connects producers and consumers across the globe, sourcing agri-commodity products from producing geographies such as the Americas, Africa and the Black Sea and delivering to markets in Southeast Asia, China and the Middle East/North Africa region.

Sadot Group is headquartered in Burleson, Texas with subsidiary operations throughout the United States, Brazil, Canada, Colombia, India, Israel, South Korea, Singapore, Ukraine, United Arab Emirates and Zambia. For more information, please visit www.sadotgroupinc.com.







Sadot Group, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
March 31, 2025December 31, 2024
$’000$’000
ASSETS
Current assets:
Cash1,940 1,786 
Accounts receivable, net of allowance for doubtful accounts of $0.3 million and $0.1 million as of March 31, 2025 and December 31, 2024, respectively
47,751 18,014 
Inventory271 717 
Assets held for sale4,915 5,196 
Other current assets16,925 126,966 
Total current assets71,802 152,679 
Property and equipment, net11,793 11,820 
Other non-current assets149 155 
Total assets83,744 164,654 
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued expenses36,682 28,019 
Notes payable, current, net of discount of $0.7 million and $0.9 million as of March 31, 2025 and December 31, 2024, respectively
10,911 7,390 
Deferred revenue, current74 2,251 
Liabilities held for sale2,128 2,333 
Other current liabilities139 92,177 
Total current liabilities49,934 132,170 
Other non-current liabilities105 111 
Total liabilities50,039 132,281 
Equity:
Common stock, $0.0001 par value, 20,000,000 shares authorized, 5,412,500 and 5,225,147 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively
1 1 
Additional paid-in capital113,004 112,406 
Accumulated deficit(82,249)(83,187)
Accumulated other comprehensive loss(113)(27)
Total Sadot Group Inc. shareholders' equity30,643 29,193 
Non-controlling interest3,062 3,180 
Total stockholders’ equity33,705 32,373 
Total liabilities and stockholders’ equity83,744 164,654 


Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss)
(Unaudited)
Three Months Ended March 31,
20252024
$’000$’000
Commodity sales132,168 106,507 
Cost of goods sold(126,156)(103,697)
Gross profit6,012 2,810 
Depreciation and amortization expenses(27)(91)
Stock-based expenses(1,428)(796)
Sales, general and administrative expenses(3,081)(1,393)
Income from operations1,476 530 
Interest expense, net(1,541)(228)
Change in fair value of stock-based compensation778 476 
Income for continuing operations before income tax713 778 
Income tax expense— (1)
Net income for continuing operations713 777 
Discontinued Operations:
Income / (loss) for discontinued operations, net of income tax107 (1,090)
Net income / (loss) for discontinued operations107 (1,090)
Net income / (loss) 820 (313)
Net loss attributable to non-controlling interest118 48 
Net income / (loss) attributable to Sadot Group Inc.938 (265)
Net income from continuing operations per share attributable to Sadot Group Inc.:
Basic0.16 0.20 
Diluted0.16 0.20 
Net income / (loss) from discontinued operations per share:
Basic0.02 (0.26)
Diluted0.02 (0.26)
Weighted-average # of common shares outstanding:
Basic5,227,444 4,186,905 
Diluted5,245,864 4,186,905 


Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss) (Continued)
(Unaudited)
Three Months Ended March 31,
20252024
$’000$’000
Net income / (loss) 820 (313)
Other comprehensive income / (loss)
Foreign exchange translation adjustment2 — 
Unrealized loss(88)(60)
Total other comprehensive loss(86)(60)
Total comprehensive income / (loss)734 (373)
Comprehensive loss attributable to non-controlling interest118 48 
Total Comprehensive income / (loss) attributable to Sadot Group Inc.852 (325)


Sadot Group, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
Three Months Ended March 31,
20252024
$’000$’000
Cash Flows from Operating Activities
Net income / (loss)820 (313)
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:
Depreciation and amortization27 91 
Amortization of debt discount406 — 
Stock-based expenses1,428 796 
Gain / (loss) on fair value remeasurement18,602 (3,259)
Change in fair value of stock-based compensation(778)476 
Bad debt expense164 77 
Changes in operating assets and liabilities:
Accounts receivable, net(29,900)29,668 
Inventory446 (27)
Other current assets91,387 3,816 
Other non-current assets— 5 
Accounts payable and accrued expenses8,664 (26,646)
Other current liabilities(92,154)(3,208)
Other non-current liabilities115 — 
Deferred revenue(2,177)1,031 
Total adjustments(3,770)2,820 
Net cash provided by / (used in) operating activities(2,950)2,507 
Net cash provided by operating activities - discontinued operations8 104 
Cash Flows from Investing Activities
Disposal of property and equipment— 29 
Net cash provided by investing activities— 29 
Net cash provided by investing activities - discontinued operations— 29 
Cash Flows from Financing Activities
Proceeds from notes payable4,581 1,500 
Repayments of notes payable(1,467)(4,261)
Net cash provided by / (used in) financing activities3,114 (2,761)
Net cash used in financing activities - discontinued operations(20)(36)
Foreign exchange translation adjustment2 (12)
Net Increase (Decrease) in Cash154 (140)
Cash – beginning of period1,786 1,354 
Cash – end of period1,940 1,214 


Reconciliations of EBITDA and Other Non-GAAP Measures
EBITDA and EBITDA Margin are non-GAAP measures. The Company defines EBITDA as Net loss, adjusted for depreciation, amortization, interest income / (expense), and income taxes. The Company believes that EBITDA and EBITDA Margin, (collectively, the “Non-GAAP Measures”) are useful metrics for investors to understand and evaluate its operating results and ongoing profitability because they permit investors to evaluate its recurring profitability from its ongoing operating activities.

EBITDA and EBITDA Margin, have certain limitations, and you should not consider them in isolation or as a substitute for analysis of its results of operations as reported under U.S. GAAP. The Company cautions investors that amounts presented in accordance with its definitions of any of the Non-GAAP Measures may not be comparable to similar measures disclosed by other issuers, because some issuers calculate certain of the Non-GAAP Measures differently or not at all, limiting their usefulness as direct comparative measures.
The following table presents a reconciliation of EBITDA from the most comparable U.S. GAAP measure, Net loss, and the calculations of the Net loss margin and EBITDA Margin for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
 $’000  $’000
Net income / (loss)820 (313)
Adjustments to EBITDA:
Depreciation and amortization expenses27 91 
Interest (income) / expense, net1,541 228 
Income tax expense— 1 
EBITDA2,388 7 
EBITDA attributable to non-controlling interest118 48 
EBITDA attributable to Sadot Group Inc.2,506 55 
Gross Profit6,012 2,810 
Gross Profit attributable to Sadot Group Inc.6,130 2,858 
Net income / (loss) margin attributable to Sadot Group Inc.0.6 %(0.3)%
EBITDA margin attributable to Sadot Group Inc.1.9 %0.1 %


Forward-Looking Statements

This press release may include “forward-looking statements” pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products, or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “should”, “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in documents that we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Sadot Group, Inc., does not undertake any duty to update any forward-looking statements except as may be required by law.
Investor Relations:
E - IR@sadotco.com