Sadot Group, Inc. Reports Second Quarter 2025 Results
Sadot Group (NASDAQ:SDOT), a global food supply chain company, reported its Q2 2025 financial results with notable achievements. The company posted consolidated revenues of $114.3 million and achieved its fifth consecutive quarter of positive net income ($0.4 million) and EBITDA ($1.7 million).
Key operational highlights include completing 26 transactions of over 200,000 metric tons of agri-commodities across 7 countries. The company's gross margin improved to 4.4%, representing a 100 basis point increase, driven by focus on specialty commodities and Canadian operations. Additionally, Sadot made a strategic investment acquiring a 37.5% stake in Special Development Group (SDG), an Indonesian carbon project expected to generate 1.1-1.2 million carbon credits.
Sadot Group (NASDAQ:SDOT), azienda globale nella catena di approvvigionamento alimentare, ha comunicato i risultati finanziari del 2掳 trimestre 2025 con risultati significativi. Il gruppo ha registrato ricavi consolidati per $114,3 milioni e ha ottenuto il quinto trimestre consecutivo di utile netto positivo ($0,4 milioni) ed EBITDA positiva ($1,7 milioni).
I principali risultati operativi includono la chiusura di 26 transazioni per oltre 200.000 tonnellate metriche di prodotti agricoli in 7 paesi. Il margine lordo 猫 salito al 4,4%, con un incremento di 100 punti base, grazie alla focalizzazione sulle commodity speciali e sulle attivit脿 in Canada. Inoltre, Sadot ha effettuato un investimento strategico acquisendo una partecipazione del 37,5% in Special Development Group (SDG), un progetto indonesiano sul carbonio previsto generare 1,1鈥�1,2 milioni di crediti di carbonio.
Sadot Group (NASDAQ:SDOT), empresa global de la cadena de suministro alimentaria, divulg贸 sus resultados financieros del 2T 2025 con logros destacados. La compa帽铆a registr贸 ingresos consolidados por $114.3 millones y alcanz贸 su quinto trimestre consecutivo con beneficio neto positivo ($0.4 millones) y EBITDA positivo ($1.7 millones).
Entre los hitos operativos clave figura la realizaci贸n de 26 transacciones por m谩s de 200.000 toneladas m茅tricas de productos agropecuarios en 7 pa铆ses. El margen bruto mejor贸 hasta 4,4%, un aumento de 100 puntos b谩sicos, impulsado por el enfoque en commodities especializadas y las operaciones en Canad谩. Adem谩s, Sadot hizo una inversi贸n estrat茅gica adquiriendo una participaci贸n del 37,5% en Special Development Group (SDG), un proyecto de carbono en Indonesia que se espera genere entre 1,1 y 1,2 millones de cr茅ditos de carbono.
Sadot Group (NASDAQ:SDOT), 旮�搿滊矊 鞁濏拡 瓿店笁毵� 旮办梾鞚� 2025雲� 2攵勱赴 鞁れ爜鞚� 氚滍憸頃橂┌ 欤茧頃� 毵岉暅 靹标臣毳� 雰堨姷雼堧嫟. 須岇偓電� 鞐瓣舶 毵れ稖 $114.3氚彪鞚� 旮半頄堦碃, 靾滌澊鞚�($0.4氚彪)瓿� EBITDA($1.7氚彪)鞐愳劀 5攵勱赴 鞐办啀 頋戩瀽毳� 雼劚頄堨姷雼堧嫟.
欤检殧 鞖挫榿 靹标臣搿滊姅 7臧滉淡鞐愳劀 齑� 20毵� 韱� 鞚挫儊鞚� 雴嶌偘氍检棎 雽�頃� 26瓯挫潣 瓯半灅毳� 鞕勲頃� 鞝愳澊 鞛堨姷雼堧嫟. 齑濍歆勳潃 4.4%搿� 100 氩犾澊鞁滌姢 韽澑韸� 臧滌劆霅橃棃鞙茧┌, 鞚措姅 韸轨垬 靸來拡瓿� 旌愲倶雼� 靷梾鞐� 雽�頃� 歆戩鞚� 瓴瓣臣鞛呺媹雼�. 霕愴暅 Sadot鞚� 鞝勲灥鞝� 韴瀽搿� 鞚鸽弰雱れ嫓鞎� 韮勳唽 頂勲鞝濏姼鞚� Special Development Group(SDG)鞚� 37.5% 歆�攵�鞚� 鞚胳垬頄堨溂氅�, 頃措嫻 頂勲鞝濏姼電� 鞎� 110毵寏120毵� 臧滌潣 韮勳唽 韥爤霐ъ潉 靸濎劚頃� 瓴冹溂搿� 鞓堨儊霅╇媹雼�.
Sadot Group (NASDAQ:SDOT), entreprise mondiale de la cha卯ne d'approvisionnement alimentaire, a publi茅 ses r茅sultats du 2e trimestre 2025 avec des performances notables. Le groupe a r茅alis茅 un chiffre d'affaires consolid茅 de $114,3 millions et a enregistr茅 son cinqui猫me trimestre cons茅cutif de r茅sultat net positif ($0,4 million) et d'EBITDA positif ($1,7 million).
Parmi les principaux faits op茅rationnels, on compte la r茅alisation de 26 transactions portant sur plus de 200 000 tonnes m茅triques de produits agricoles dans 7 pays. La marge brute s'est am茅lior茅e 脿 4,4%, soit une hausse de 100 points de base, port茅e par l'accent sur les commodit茅s sp茅cialis茅es et les activit茅s canadiennes. De plus, Sadot a r茅alis茅 un investissement strat茅gique en acqu茅rant une participation de 37,5% dans Special Development Group (SDG), un projet carbone indon茅sien qui devrait g茅n茅rer entre 1,1 et 1,2 million de cr茅dits carbone.
Sadot Group (NASDAQ:SDOT), ein globales Unternehmen der Lebensmittel-Lieferkette, ver枚ffentlichte seine Finanzergebnisse f眉r Q2 2025 mit bemerkenswerten Erfolgen. Die Gesellschaft erzielte konsolidierte Ums盲tze von $114,3 Mio. und verzeichnete das f眉nfte aufeinanderfolgende Quartal mit positivem Nettoergebnis ($0,4 Mio.) und positivem EBITDA ($1,7 Mio.).
Zu den wichtigsten operativen Highlights z盲hlt der Abschluss von 26 Transaktionen 眉ber mehr als 200.000 metrische Tonnen Agrarprodukte in 7 L盲ndern. Die Bruttomarge verbesserte sich auf 4,4%, ein Anstieg um 100 Basispunkte, angetrieben durch den Fokus auf Spezialwaren und die kanadischen Aktivit盲ten. Zus盲tzlich t盲tigte Sadot eine strategische Investition und erwarb eine 37,5%ige Beteiligung an Special Development Group (SDG), einem indonesischen CO2-Projekt, das voraussichtlich 1,1鈥�1,2 Millionen CO2-Zertifikate erzeugen wird.
- Fifth consecutive quarter of positive net income and EBITDA
- Gross margin increased by 100 basis points to 4.4%
- Strong working capital surplus of $24.2 million
- Strategic 37.5% stake acquisition in Indonesian carbon credit project expected to generate 1.1-1.2M credits
- Successful execution of 26 large-scale agri-commodity transactions across 7 countries
- Dilutive EPS of $0.07 indicates potential share dilution impact
- Recent executive changes with new CEO and CFO could create temporary transitional challenges
Insights
Sadot shows continued profitability with improved margins, though earnings remain modest relative to revenue scale.
Sadot Group's Q2 2025 results demonstrate stability with their fifth consecutive quarter of positive net income and EBITDA. Revenue reached
The company's gross margin improvement to
Operationally, Sadot completed 26 transactions involving over 200,000 metric tons of agricultural commodities across seven countries, demonstrating solid execution capability. Their working capital surplus of
The strategic investment in an Indonesian carbon project (37.5% stake in Special Development Group) represents a potentially significant diversification move. The project's expected generation of 1.1-1.2 million carbon credits could provide a valuable revenue stream as carbon markets mature, though execution risks remain.
The recent executive changes with new CEO Haggai Ravid and CFO Paul Sansom signal a transitional period that bears watching. Management stability will be crucial as the company works to scale operations while maintaining profitability. The diluted EPS of
Fifth Consecutive Quarter of Positive Net Income and EBITDA,
Gross Margin increased to
BURLESON, TX / / August 14, 2025 / 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 second quarter ended June 30, 2025. Chief Executive Officer, Haggai Ravid and Chief Financial Officer, Paul Sansom will host a conference call at 11:00am EDT / 8:00am PDT on August 15, 2025, to review the results. All interested parties are invited to join this call. The quarterly financial statements for the three and six months ended June 30, 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.
Second Quarter 2025 Financial Highlights
Consolidated revenues of
$114.3 million Net income of
$0.4 million EBITDA of
$1.7 million Dilutive EPS of
$0.07 Working capital surplus of
$24.2 million Gross Margin of4.
4%
Strategic and Operational Highlights
Company posted its fifth consecutive quarter with positive net income and EBITDA
Completed 26 transactions of over 200,000 metric tons of agri-commodities throughout 7 different countries during the second quarter.
Gross margins increased to
4.4% representing a 100 basis point improvement as the Company focused on specialty commodities and commodity trades in our Canadian subsidiary and both of these areas historically have produced higher margins.Haggai Ravid joined as CEO on May 28, 2025
Paul Sansom joined as CFO on August 1, 2025
Strategic investment in an Indonesian carbon project. Company acquired a
37.5% equity stake in the Special Development Group (SDG), which is a local entity holding full project rights in formal partnership with 11 indigenous coastal communities across the Riau archipelago in Indonesia. The project focuses on the restoration and long-term protection of peatland and mangrove ecosystems. SDG has advised that this carbon project initiative is expected to generate between 1.1 and 1.2 million high-integrity carbon credits in its first issuance cycle.
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: Friday, August 15, 2025
Time: 11:00 am EDT/ 8:00 am PDT
To register, please use the following link:
* 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 world. For more information, please visit www.sadotgroupinc.com.
Sadot Group, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
June 30, 2025 | December 31, 2024 | |||||||
$'000 | $'000 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash | 422 | 1,786 | ||||||
Accounts receivable, net of allowance for doubtful accounts of | 44,136 | 18,014 | ||||||
Inventory | 49 | 717 | ||||||
Assets held for sale | 4,927 | 5,196 | ||||||
Other current assets | 69,185 | 126,966 | ||||||
Total current assets | 118,719 | 152,679 | ||||||
Property and equipment, net | 11,766 | 11,820 | ||||||
Other non-current assets | 144 | 155 | ||||||
Total assets | 130,629 | 164,654 | ||||||
LIABILITIES AND EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable and accrued expenses | 34,419 | 28,019 | ||||||
Notes payable, current, net of discount of | 11,239 | 7,390 | ||||||
Deferred revenue, current | - | 2,251 | ||||||
Liabilities held for sale | 2,146 | 2,333 | ||||||
Other current liabilities | 46,722 | 92,177 | ||||||
Total current liabilities | 94,526 | 132,170 | ||||||
Notes payable, non-current | 66 | - | ||||||
Other non-current liabilities | 98 | 111 | ||||||
Total liabilities | 94,690 | 132,281 | ||||||
Equity: | ||||||||
Common stock, | 1 | 1 | ||||||
Additional paid-in capital | 114,923 | 112,406 | ||||||
Accumulated deficit | (81,860 | ) | (83,187 | ) | ||||
Accumulated other comprehensive loss | (84 | ) | (27 | ) | ||||
Total Sadot Group Inc. shareholders' equity | 32,980 | 29,193 | ||||||
Non-controlling interest | 2,959 | 3,180 | ||||||
Total stockholders' equity | 35,939 | 32,373 | ||||||
Total liabilities and stockholders' equity | 130,629 | 164,654 | ||||||
Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss)
(Unaudited)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
$'000 | $'000 | $'000 | $'000 | |||||||||||||
Commodity sales | 114,338 | 173,293 | 246,506 | 279,800 | ||||||||||||
Other revenues | 52 | - | 52 | - | ||||||||||||
Cost of goods sold | (109,403 | ) | (167,505 | ) | (235,559 | ) | (271,202 | ) | ||||||||
Gross profit | 4,987 | 5,788 | 10,999 | 8,598 | ||||||||||||
Depreciation and amortization expenses | (27 | ) | (92 | ) | (54 | ) | (183 | ) | ||||||||
Stock-based expenses | (419 | ) | (1,921 | ) | (1,847 | ) | (2,717 | ) | ||||||||
Sales, general and administrative expenses | (2,771 | ) | (1,701 | ) | (5,852 | ) | (3,093 | ) | ||||||||
Income from operations | 1,770 | 2,074 | 3,246 | 2,605 | ||||||||||||
Interest expense, net | (1,237 | ) | (1,008 | ) | (2,778 | ) | (1,236 | ) | ||||||||
Change in fair value of stock-based compensation | - | 1,214 | 778 | 1,691 | ||||||||||||
Loss on debt extinguishment | (192 | ) | - | (192 | ) | - | ||||||||||
Income for continuing operations before income tax | 341 | 2,280 | 1,054 | 3,060 | ||||||||||||
Income tax expense | - | (5 | ) | - | (7 | ) | ||||||||||
Net income for continuing operations | 341 | 2,275 | 1,054 | 3,053 | ||||||||||||
Discontinued Operations: | ||||||||||||||||
Income / (loss) for discontinued operations, net of income tax | (55 | ) | 42 | 52 | (1,049 | ) | ||||||||||
Net income / (loss) for discontinued operations | (55 | ) | 42 | 52 | (1,049 | ) | ||||||||||
Net income | 286 | 2,317 | 1,106 | 2,004 | ||||||||||||
Net loss attributable to non-controlling interest | 103 | 52 | 221 | 100 | ||||||||||||
Net income attributable to Sadot Group Inc. | 389 | 2,369 | 1,327 | 2,104 | ||||||||||||
Net income from continuing operations per share attributable to Sadot Group Inc.: | ||||||||||||||||
Basic | 0.08 | 0.53 | 0.23 | 0.73 | ||||||||||||
Diluted | 0.08 | 0.45 | 0.23 | 0.62 | ||||||||||||
Net income/ (loss) from discontinued operations per | ||||||||||||||||
Basic | (0.01 | ) | 0.01 | 0.01 | (0.24 | ) | ||||||||||
Diluted | (0.01 | ) | 0.01 | 0.01 | (0.21 | ) | ||||||||||
Weighted-average # of common shares outstanding: | ||||||||||||||||
Basic | 5,813,911 | 4,423,432 | 5,521,706 | 4,305,822 | ||||||||||||
Diluted | 5,824,521 | 5,123,047 | 5,525,222 | 5,111,103 | ||||||||||||
Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss) (Continued)
(Unaudited)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
$'000 | $'000 | $'000 | $'000 | |||||||||||||
Net income | 286 | 2,317 | 1,106 | 2,004 | ||||||||||||
Other comprehensive income / (loss) | ||||||||||||||||
Foreign exchange translation adjustment | (59 | ) | 3 | (57 | ) | 3 | ||||||||||
Unrealized gain / (loss) | 88 | (126 | ) | - | (186 | ) | ||||||||||
Total other comprehensive income / (loss) | 29 | (123 | ) | (57 | ) | (183 | ) | |||||||||
Total comprehensive income | 315 | 2,194 | 1,049 | 1,821 | ||||||||||||
Comprehensive loss attributable to non-controlling interest | 103 | 52 | 221 | 100 | ||||||||||||
Total comprehensive income attributable to Sadot Group Inc. | 418 | 2,246 | 1,270 | 1,921 | ||||||||||||
Sadot Group, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
Six Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
$'000 | $'000 | |||||||
Cash Flows from Operating Activities | ||||||||
Net income | 1,106 | 2,004 | ||||||
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities: | ||||||||
Depreciation and amortization | 54 | 183 | ||||||
Amortization of debt discount | 1,178 | - | ||||||
Stock-based expenses | 1,847 | 2,717 | ||||||
Gain / (loss) on fair value remeasurement | - | - | ||||||
Change in fair value of stock-based compensation | (778 | ) | (1,691 | ) | ||||
Bad debt expense | 317 | 353 | ||||||
Loss on debt extinguishment | 192 | - | ||||||
Changes in operating assets and liabilities: | ||||||||
Accounts receivable, net | (26,439 | ) | 27,733 | |||||
Inventory | 668 | (173 | ) | |||||
Other current assets | 57,676 | (47,660 | ) | |||||
Other non-current assets | - | 46,333 | ||||||
Accounts payable and accrued expenses | 6,520 | (19,481 | ) | |||||
Other current liabilities | (45,457 | ) | 39,684 | |||||
Other non-current liabilities | - | (46,048 | ) | |||||
Deferred revenue | (2,251 | ) | 6,505 | |||||
Total adjustments | (6,473 | ) | 8,457 | |||||
Net cash provided by / (used in) operating activities | (5,367 | ) | 10,461 | |||||
Net cash provided by operating activities - discontinued operations | 124 | 115 | ||||||
Cash Flows from Investing Activities | ||||||||
Purchases of property and equipment | - | (7 | ) | |||||
Disposal of property and equipment | - | 10 | ||||||
Net cash provided by investing activities | - | 3 | ||||||
Net cash provided by investing activities - discontinued operations | - | 29 | ||||||
Cash Flows from Financing Activities | ||||||||
Proceeds from notes payable | 10,002 | 3,500 | ||||||
Repayments of notes payable | (6,024 | ) | (5,440 | ) | ||||
Net cash provided by / (used in) financing activities | 3,978 | (1,940 | ) | |||||
Net cash used in financing activities - discontinued operations | (42 | ) | (69 | ) | ||||
Foreign exchange translation adjustment | (57 | ) | 3 | |||||
Net Increase (Decrease) in Cash | (1,364 | ) | 8,602 | |||||
Cash - beginning of period | 1,786 | 1,354 | ||||||
Cash - end of period | 422 | 9,956 | ||||||
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 and six months ended June 30, 2025 and 2024:
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
$'000 | $'000 | $'000 | $'000 | |||||||||||||
Net income | 286 | 2,317 | 1,106 | 2,004 | ||||||||||||
Adjustments to EBITDA: | ||||||||||||||||
Depreciation and amortization expenses | 27 | 92 | 54 | 183 | ||||||||||||
Interest expense, net | 1,237 | 1,008 | 2,778 | 1,236 | ||||||||||||
Income tax expense | - | 5 | - | 7 | ||||||||||||
EBITDA | 1,550 | 3,422 | 3,938 | 3,430 | ||||||||||||
EBITDA attributable to non-controlling interest | 103 | 52 | 221 | 100 | ||||||||||||
EBITDA attributable to Sadot Group Inc. | 1,653 | 3,474 | 4,159 | 3,530 | ||||||||||||
Gross Profit | 4,987 | 5,788 | 10,999 | 8,598 | ||||||||||||
Gross Profit attributable to Sadot Group Inc. | 5,090 | 5,840 | 11,220 | 8,698 | ||||||||||||
Net income margin attributable to Sadot Group Inc. | 0.3 | % | 1.3 | % | 0.4 | % | 0.7 | % | ||||||||
EBITDA margin attributable to Sadot Group Inc. | 1.4 | % | 2.0 | % | 1.7 | % | 1.3 | % | ||||||||
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:
Email - [email protected]
SOURCE: Sadot Group Inc.
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FAQ
What were Sadot Group's (SDOT) key financial results for Q2 2025?
How has Sadot Group's operational performance improved in Q2 2025?
What strategic investments did SDOT make in Q2 2025?
What management changes occurred at Sadot Group in Q2 2025?
What is Sadot Group's current working capital position?
