NASDAQ : AFRI
Forafric Global PLC — Financial statements
Consumer Staples · Farm Products · Gibraltar
Last price 12.51 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 336.54M
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Financial statements
Forafric Global PLC (AFRI) reported revenue of 176.49M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 176.49M | 176.49M | 274.22M | 301.95M | 283.93M | 261.68M |
| Cost of Revenue | 158.09M | 158.09M | 246.89M | 273.42M | 254.72M | 219.31M |
| Gross Profit | 18.40M | 18.40M | 27.33M | 28.54M | 29.21M | 42.37M |
| Selling, General & Admin | 21.95M | 21.95M | 30.13M | 27.30M | 26.93M | 38.98M |
| Operating Expenses | 21.95M | 21.95M | 30.13M | 27.30M | 26.93M | 38.98M |
| Operating Income | -3.56M | -3.56M | -2.80M | 1.24M | 2.27M | 3.39M |
| Interest Expense | -14.32M | -14.32M | -12.81M | -13.48M | -11.94M | -10.36M |
| Interest & Investment Income | 52.00K | 52.00K | 31.00K | 37.00K | 34.00K | 543.00K |
| Currency Exchange Gain (Loss) | 1.62M | 1.62M | -33.00K | 212.00K | -10.36M | -1.44M |
| Other Non Operating Income (Expenses) | -900.00K | -900.00K | -2.55M | -1.69M | ||
| EBT Excluding Unusual Items | -17.10M | -17.10M | -18.16M | -11.99M | -21.69M | -7.87M |
| Gain (Loss) on Sale of Assets | 6.60M | 6.60M | ||||
| Asset Writedown | -4.96M | |||||
| Other Unusual Items | -222.00K | -222.00K | 1.44M | 25.00K | 4.73M | |
| Pretax Income | -10.72M | -10.72M | -21.68M | -11.96M | -16.96M | -7.87M |
| Income Tax Expense | 1.38M | 1.38M | 1.65M | 589.00K | -1.84M | -89.00K |
| Earnings From Continuing Operations | -12.11M | -12.11M | -23.33M | -12.55M | -15.11M | -7.78M |
| Earnings From Discontinued Operations | -1.69M | -1.69M | -22.00K | 43.00K | -4.06M | |
| Net Income to Company | -13.79M | -13.79M | -23.36M | -12.51M | -19.17M | -7.78M |
| Minority Interest in Earnings | -1.10M | -1.10M | -970.00K | -168.00K | 42.00K | -198.00K |
| Net Income | -14.89M | -14.89M | -24.32M | -12.68M | -19.13M | -7.98M |
| Net Income to Common | -14.89M | -14.89M | -24.32M | -12.68M | -19.13M | -7.98M |
| Shares Outstanding (Basic) | 26.90M | 26.90M | 26.88M | 26.88M | 26.60M | 20.56M |
| Shares Outstanding (Diluted) | 26.90M | 26.90M | 26.88M | 26.88M | 26.60M | 20.56M |
| EPS (Basic) | -0.55 | -0.55 | -0.90 | -0.47 | -0.72 | -0.39 |
| EPS (Diluted) | -0.55 | -0.55 | -0.90 | -0.47 | -0.72 | -0.39 |
| Free Cash Flow | -161.00K | -161.00K | 21.69M | 23.84M | -62.04M | -30.88M |
| Free Cash Flow Per Share | -0.01 | -0.01 | 0.81 | 0.89 | -2.33 | -1.50 |
| Gross Margin | 10.42% | 10.42% | 9.97% | 9.45% | 10.29% | 16.19% |
| Operating Margin | -2.01% | -2.01% | -1.02% | 0.41% | 0.80% | 1.29% |
| Profit Margin | -8.44% | -8.44% | -8.87% | -4.20% | -6.74% | -3.05% |
| Free Cash Flow Margin | -0.09% | -0.09% | 7.91% | 7.90% | -21.85% | -11.80% |
| EBITDA | 1.70M | 1.70M | 1.89M | 6.00M | 7.13M | 7.42M |
| EBITDA Margin | 0.96% | 0.96% | 0.69% | 1.98% | 2.51% | 2.84% |
| D&A For EBITDA | 5.26M | 5.26M | 4.69M | 4.75M | 4.86M | 4.04M |
| EBIT | -3.56M | -3.56M | -2.80M | 1.24M | 2.27M | 3.39M |
| EBIT Margin | -2.01% | -2.01% | -1.02% | 0.41% | 0.80% | 1.29% |
| Advertising Expenses | 114.00K | 114.00K | 69.00K | 258.00K | 19.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.31M | 14.31M | 12.23M | 24.00M | 24.83M | 14.39M |
| Cash & Short-Term Investments | 14.31M | 14.31M | 12.23M | 24.00M | 24.83M | 14.39M |
| Accounts Receivable | 13.96M | 13.96M | 17.98M | 34.70M | 30.86M | 32.31M |
| Other Receivables | 6.48M | 6.48M | 8.21M | 25.00M | 49.63M | 25.23M |
| Receivables | 20.44M | 20.44M | 26.19M | 59.71M | 80.49M | 57.55M |
| Inventory | 14.08M | 14.08M | 15.22M | 28.38M | 27.22M | 37.56M |
| Prepaid Expenses | 340.00K | 340.00K | 485.00K | 565.00K | 1.45M | 248.00K |
| Other Current Assets | 19.01M | 19.01M | 23.25M | 8.59M | 9.59M | 7.80M |
| Total Current Assets | 68.18M | 68.18M | 77.39M | 121.24M | 143.57M | 117.55M |
| Property, Plant & Equipment | 124.07M | 124.07M | 117.83M | 120.52M | 110.96M | 125.83M |
| Goodwill | 46.56M | 46.56M | 42.89M | 44.01M | 45.90M | 51.57M |
| Other Intangible Assets | 5.16M | 5.16M | 4.40M | 4.65M | 3.72M | 3.98M |
| Other Long-Term Assets | 2.96M | 2.96M | 3.58M | 19.03M | 3.01M | 973.00K |
| Total Assets | 246.93M | 246.93M | 246.08M | 309.45M | 307.16M | 299.90M |
| Accounts Payable | 41.16M | 41.16M | 35.31M | 46.21M | 27.30M | 26.20M |
| Accrued Expenses | 5.86M | 5.86M | 3.99M | 3.69M | 5.26M | 4.42M |
| Short-Term Debt | 130.82M | 130.82M | 140.50M | 174.97M | 184.41M | 149.87M |
| Current Portion of Long-Term Debt | 7.98M | 7.98M | 3.61M | 8.84M | 3.42M | 7.84M |
| Current Portion of Leases | 786.00K | 786.00K | 1.02M | 1.61M | 2.00M | 3.00M |
| Current Income Taxes Payable | 7.75M | 7.75M | 9.13M | 5.07M | 5.52M | 8.65M |
| Current Unearned Revenue | 1.94M | 1.94M | 2.21M | 1.27M | 540.00K | 1.91M |
| Other Current Liabilities | 11.29M | 11.29M | 11.49M | 12.04M | 9.74M | 1.02M |
| Total Current Liabilities | 207.59M | 207.59M | 207.27M | 253.70M | 238.18M | 202.90M |
| Long-Term Debt | 14.21M | 14.21M | 14.76M | 10.49M | 10.73M | 26.18M |
| Long-Term Leases | 5.59M | 5.59M | 6.08M | 2.75M | 900.00K | 4.45M |
| Long-Term Deferred Tax Liabilities | 10.28M | 10.28M | 9.57M | 10.32M | 12.40M | 18.72M |
| Other Long-Term Liabilities | 2.61M | 2.61M | 3.09M | 2.98M | ||
| Total Liabilities | 240.28M | 240.28M | 240.76M | 280.24M | 262.21M | 252.25M |
| Common Stock | 27.00K | 27.00K | 27.00K | 27.00K | 57.00K | 21.00K |
| Additional Paid-In Capital | 152.04M | 152.04M | 143.65M | 143.13M | 143.66M | 119.98M |
| Retained Earnings | -154.57M | -154.57M | -139.68M | -115.35M | -102.68M | -83.55M |
| Comprehensive Income & Other | -6.19M | -6.19M | -5.67M | -5.00M | -2.98M | 3.69M |
| Total Common Equity | -8.69M | -8.69M | -1.67M | 22.80M | 38.05M | 40.13M |
| Minority Interest | 15.35M | 15.35M | 6.99M | 6.41M | 6.90M | 7.52M |
| Shareholders' Equity | 6.66M | 6.66M | 5.32M | 29.21M | 44.95M | 47.65M |
| Total Liabilities & Equity | 246.93M | 246.93M | 246.08M | 309.45M | 307.16M | 299.90M |
| Total Debt | 159.39M | 159.39M | 165.97M | 198.66M | 201.46M | 191.34M |
| Net Cash (Debt) | -145.08M | -145.08M | -153.74M | -174.66M | -176.63M | -176.95M |
| Net Cash Per Share | -5.39 | -5.39 | -5.72 | -6.50 | -6.64 | -8.61 |
| Filing Date Shares Outstanding | 26.90M | 26.90M | 26.90M | 26.88M | 26.88M | 120.00M |
| Total Common Shares Outstanding | 26.90M | 26.90M | 26.90M | 26.88M | 26.88M | 120.00M |
| Working Capital | -139.41M | -139.41M | -129.88M | -132.46M | -94.61M | -85.35M |
| Book Value Per Share | -0.32 | -0.32 | -0.06 | 0.85 | 1.42 | 0.33 |
| Tangible Book Value | -60.41M | -60.41M | -48.96M | -25.86M | -11.57M | -15.41M |
| Tangible Book Value Per Share | -2.25 | -2.25 | -1.82 | -0.96 | -0.43 | -0.13 |
| Land | 25.32M | 25.32M | 22.86M | 23.37M | 23.99M | 25.14M |
| Buildings | 59.71M | 59.71M | 54.03M | 54.28M | 55.54M | 60.38M |
| Machinery | 67.52M | 67.52M | 60.50M | 58.99M | 51.37M | 56.27M |
| Construction In Progress | 6.69M | 6.69M | 6.66M | 10.26M | 8.46M | 5.42M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -14.89M | -14.89M | -24.32M | -12.68M | -19.13M | -7.98M |
| Depreciation & Amortization | 6.57M | 6.57M | 6.04M | 5.81M | 6.31M | 5.21M |
| Loss (Gain) From Sale of Assets | -6.60M | -6.60M | ||||
| Asset Writedown & Restructuring Costs | 1.02M | 1.02M | 4.96M | |||
| Stock-Based Compensation | 396.00K | 396.00K | 522.00K | 169.00K | 125.00K | |
| Provision & Write-off of Bad Debts | 696.00K | 696.00K | 895.00K | 87.00K | 150.00K | 2.79M |
| Other Operating Activities | 2.69M | 2.69M | -966.00K | -1.06M | -4.60M | -2.39M |
| Change in Accounts Receivable | 3.75M | 3.75M | 8.85M | -1.84M | -12.18M | -4.37M |
| Change in Inventory | 596.00K | 596.00K | 10.13M | 1.66M | 6.12M | -9.82M |
| Change in Accounts Payable | 3.51M | 3.51M | -10.94M | 8.95M | 13.99M | 2.33M |
| Change in Other Net Operating Assets | 3.22M | 3.22M | 27.09M | 32.19M | -50.17M | -11.81M |
| Operating Cash Flow | 356.00K | 356.00K | 23.47M | 33.33M | -57.57M | -26.05M |
| Capital Expenditures | -517.00K | -517.00K | -1.78M | -9.48M | -4.47M | -4.83M |
| Sale of Property, Plant & Equipment | 7.00K | 47.00K | 765.00K | 488.00K | ||
| Cash Acquisitions | -37.00K | -8.64M | ||||
| Divestitures | 8.29M | 8.29M | ||||
| Sale (Purchase) of Intangibles | -451.00K | -451.00K | -283.00K | -319.00K | -262.00K | -634.00K |
| Investment in Securities | -385.00K | |||||
| Other Investing Activities | -43.00K | -43.00K | -9.00K | -43.00K | -64.00K | -511.00K |
| Investing Cash Flow | 7.28M | 7.28M | -2.06M | -9.84M | -4.03M | -14.51M |
| Short-Term Debt Issued | 5.55M | 5.55M | 57.73M | 59.60M | 117.22M | 83.95M |
| Long-Term Debt Issued | 568.00K | 568.00K | 6.50M | 3.73M | 13.79M | 18.13M |
| Total Debt Issued | 6.12M | 6.12M | 64.24M | 63.34M | 131.02M | 102.09M |
| Short-Term Debt Repaid | -19.61M | -19.61M | -86.35M | -79.58M | -63.70M | -47.87M |
| Long-Term Debt Repaid | -3.06M | -3.06M | -8.68M | -5.15M | -8.81M | -11.46M |
| Total Debt Repaid | -22.67M | -22.67M | -95.03M | -84.73M | -72.51M | -59.33M |
| Net Debt Issued (Repaid) | -16.55M | -16.55M | -30.79M | -21.40M | 58.51M | 42.75M |
| Issuance of Common Stock | 1.00K | 7.17M | ||||
| Other Financing Activities | 10.43M | 10.43M | -2.40M | 213.00K | 9.32M | |
| Financing Cash Flow | -6.12M | -6.12M | -33.19M | -21.18M | 74.99M | 42.75M |
| Foreign Exchange Rate Adjustments | 565.00K | 565.00K | -7.00K | -3.11M | -2.96M | -482.00K |
| Net Cash Flow | 2.08M | 2.08M | -11.79M | -806.00K | 10.43M | 1.71M |
| Free Cash Flow | -161.00K | -161.00K | 21.69M | 23.84M | -62.04M | -30.88M |
| Free Cash Flow Margin | -0.09% | -0.09% | 7.91% | 7.90% | -21.85% | -11.80% |
| Free Cash Flow Per Share | -0.01 | -0.01 | 0.81 | 0.89 | -2.33 | -1.50 |
| Levered Free Cash Flow | 11.99M | 11.99M | 20.68M | 29.96M | -13.76M | -24.24M |
| Unlevered Free Cash Flow | 20.94M | 20.94M | 28.69M | 38.39M | -6.29M | -17.76M |
| Cash Interest Paid | 13.24M | 13.24M | 13.08M | 15.75M | 11.34M | 9.20M |
| Cash Income Tax Paid | 1.10M | 1.10M | 2.23M | 1.99M | 2.23M | 2.50M |
| Change in Working Capital | 11.07M | 11.07M | 35.13M | 40.95M | -42.24M | -23.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 336.54M | 296.72M | 275.51M | 284.65M | 297.78M | 152.31M |
| Enterprise Value | 481.62M | 480.60M | 456.67M | 473.54M | 477.66M | |
| Last Close Price | 12.51 | 11.03 | 10.25 | 10.59 | 11.10 | 10.12 |
| PS Ratio | 1.91 | 1.68 | 1.00 | 0.94 | 1.05 | 0.58 |
| PB Ratio | 50.55 | 44.57 | 51.83 | 9.75 | 6.62 | 3.20 |
| P/FCF Ratio | 12.70 | 11.94 | ||||
| P/OCF Ratio | 945.33 | 833.50 | 11.74 | 8.54 | ||
| EV/Sales Ratio | 2.73 | 2.72 | 1.67 | 1.57 | 1.68 | |
| EV/EBITDA Ratio | 282.97 | 282.37 | 241.50 | 78.99 | 66.97 | |
| EV/EBIT Ratio | 381.27 | 209.96 | ||||
| EV/FCF Ratio | 21.05 | 19.86 | ||||
| Debt / Equity Ratio | 23.94 | 23.94 | 31.22 | 6.80 | 4.48 | 4.01 |
| Debt / EBITDA Ratio | 63.83 | 63.83 | 61.45 | 30.21 | 24.81 | 23.54 |
| Debt / FCF Ratio | 7.65 | 8.33 | ||||
| Net Debt / Equity Ratio | 21.79 | 21.79 | 28.92 | 5.98 | 3.93 | 3.71 |
| Net Debt / EBITDA Ratio | 85.24 | 85.24 | 81.30 | 29.13 | 24.77 | 23.84 |
| Net Debt / FCF Ratio | -901.10 | -901.10 | 7.09 | 7.33 | -2.85 | -5.73 |
| Asset Turnover | 0.72 | 0.72 | 0.99 | 0.98 | 0.94 | 0.97 |
| Inventory Turnover | 10.79 | 10.79 | 11.32 | 9.84 | 7.86 | 6.84 |
| Quick Ratio | 0.17 | 0.17 | 0.18 | 0.33 | 0.44 | 0.35 |
| Current Ratio | 0.33 | 0.33 | 0.37 | 0.48 | 0.60 | 0.58 |
| Return on Equity (ROE) | -202.21% | -202.21% | -135.18% | -33.85% | -32.64% | -15.62% |
| Return on Assets (ROA) | -0.90% | -0.90% | -0.63% | 0.25% | 0.47% | 0.79% |
| Return on Invested Capital (ROIC) | -2.34% | -2.29% | -1.54% | 0.58% | 1.02% | 1.70% |
| Return on Capital Employed (ROCE) | -9.00% | -9.00% | -7.20% | 2.20% | 3.30% | 3.50% |
| Earnings Yield | -4.42% | -5.02% | -8.83% | -4.45% | -6.42% | -5.24% |
| FCF Yield | -0.05% | -0.05% | 7.87% | 8.38% | -20.83% | -20.28% |
| Buyback Yield / Dilution | -0.07% | -0.07% | -0.02% | -1.03% | -29.43% | -3,218.18% |