Forafric Global PLC AFRI
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
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Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $176.5M | $274.2M | $302.0M | $283.9M | $261.7M | $196.6M | — |
| Cost of revenue | $158.1M | $246.9M | $273.4M | $254.7M | $219.3M | $156.2M | — |
| Gross profit | $18.4M | $27.3M | $28.5M | $29.2M | $42.4M | $40.4M | — |
| SG&A | $22.0M | $35.1M | $27.3M | $26.9M | $39.0M | $30.5M | — |
| Total operating expenses | $22.0M | $35.1M | $27.3M | $26.9M | $39.0M | $30.5M | — |
| Operating income | -$3.6M | -$7.8M | $1.2M | $2.3M | $3.4M | $9.9M | — |
| Interest expense | $14.3M | $12.8M | $13.5M | $11.9M | $10.4M | $6.8M | — |
| Pre-tax income | -$10.7M | -$21.7M | -$12.0M | -$17.0M | -$7.9M | $4.0K | — |
| Income tax | $1.4M | $1.7M | $589.0K | $1.8M | $89.0K | $143.0K | — |
| Net income | -$14.9M | -$24.3M | -$12.7M | -$19.1M | -$8.0M | -$110.0K | — |
| EPS, basic | — | — | -0.47 | -0.72 | -0.38 | -0.22 | — |
| EPS, diluted | — | — | -0.47 | -0.72 | -0.38 | — | — |
| Shares, diluted (wtd. avg.) | 26.9M | 26.9M | 26.9M | 26.6M | 20.6M | 619,485 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $14.3M | $12.2M | $24.0M | $24.8M | $14.4M | $12.7M | $9.0M |
| Receivables | $14.0M | $18.0M | $34.7M | $30.9M | $32.3M | — | — |
| Inventory | $14.1M | $15.2M | $28.4M | $27.2M | $37.6M | — | — |
| Total current assets | $68.2M | $77.4M | $121.2M | $143.6M | $117.5M | — | — |
| Property, plant and equipment | $107.7M | $101.6M | $107.3M | $100.5M | $109.5M | — | — |
| Goodwill | $46.6M | $42.9M | $44.0M | $41.7M | $51.6M | $48.1M | — |
| Other intangibles | $5.2M | $4.4M | $4.6M | $3.7M | $4.0M | $363.0K | — |
| Total assets | $246.9M | $246.1M | $309.4M | $307.2M | $299.9M | — | — |
| Accounts payable | $41.2M | $35.3M | $46.2M | $27.3M | $26.2M | — | — |
| Short-term debt | $8.8M | $4.6M | $10.4M | $5.4M | $10.8M | — | — |
| Total current liabilities | $207.6M | $207.3M | $253.7M | $238.2M | $202.9M | — | — |
| Long-term debt | $17.6M | $13.1M | $11.8M | $9.8M | $14.1M | — | — |
| Total liabilities | $240.3M | $240.8M | $280.2M | $262.2M | $252.2M | — | — |
| Retained earnings | -$154.6M | -$139.7M | -$115.4M | -$102.7M | -$83.5M | — | — |
| Total equity | $6.7M | $5.3M | $29.2M | $45.0M | $47.7M | $52.0M | -$74.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $356.0K | $23.5M | $33.3M | -$57.6M | -$26.0M | -$11.5M | — |
| Depreciation and amortisation | $4.8M | $4.3M | $4.5M | $4.7M | $3.9M | $3.6M | — |
| Stock-based compensation | $396.0K | $522.0K | $169.0K | $125.0K | — | — | — |
| Capital expenditure | $517.0K | $1.8M | $9.5M | $4.5M | $4.8M | $657.0K | — |
| Investing cash flow | $7.3M | -$2.1M | -$9.8M | -$4.0M | -$14.5M | -$699.0K | — |
| Financing cash flow | -$6.1M | -$33.2M | -$21.2M | $75.0M | $42.8M | $18.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-023781.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $196.6M | $261.7M | $283.9M | $302.0M | $274.2M | $176.5M |
| Gross profit | — | $40.4M | $42.4M | $29.2M | $28.5M | $27.3M | $18.4M |
| Net income | — | -$110.0K | -$8.0M | -$19.1M | -$12.7M | -$24.3M | -$14.9M |
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