par Sadot Group Inc.
Sadot Group, Inc. Reports Third Quarter 2025 Results
BURLESON, TX / ACCESS Newswire / November 19, 2025 / Sadot Group Inc. (Nasdaq:SDOT) ("Sadot Group", "Sadot" or the "Company"), today announced its financial results for the third quarter ended September 30, 2025. The quarterly financial statements for the three and nine months ended September 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.
Third Quarter 2025 Financial Highlights
Consolidated revenues of $0.3 million
Net loss attributable to Sadot Group Inc. of $(15.2) million
Negative EBITDA of $(14.3) million
Dilutive EPS loss of $(17.42)
Working capital deficit of $1.5 million
Strategic and Operational Highlights
Chagay 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 Indonesian 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.
Company regained compliance with the Nasdaq bid price requirement on October 10, 2025.
New Board of Directors named on October 29, 2025.
Overall
Chagay Ravid, Sadot's CEO, described Q3 as follows, "In Q3, 2025, Sadot Group's largest operating unit, Sadot LLC, encountered significant issues with collecting on certain receivables. This limited Sadot's ability to enter into commodity-based credit trades." Chagay further stated, "the Company began implementing cost cutting measures across the board, concurrently with its aim to monetize assets including that of the restaurant operating unit."
Sadot Group established a new Board of Directors on October 29, 2025 to review the core business model. The new Board of Directors, given the geo-political risks as well as climate risks the Company is facing in certain countries, will consider whether the agri-food supply chain is a strategic initiative it wishes to focus on, or whether it will consider other proposals. The credit facilities and financing commitments will provide the Board the opportunity to review the current business model.
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 reverse split adjusted.
About Sadot Group Inc.
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)
September 30, 2025 | December 31, 2024 | |||||||
$'000 | $'000 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash | 581 | 1,786 | ||||||
Accounts receivable, net of allowance for doubtful accounts of $2.3 million and $0.1 million as of September 30, 2025 and December 31, 2024, respectively | 29,054 | 18,014 | ||||||
Inventory | 154 | 717 | ||||||
Assets held for sale | 5,016 | 5,196 | ||||||
Other current assets | 12,864 | 126,966 | ||||||
Total current assets | 47,669 | 152,679 | ||||||
Property and equipment, net | 11,743 | 11,820 | ||||||
Other non-current assets | 13,551 | 155 | ||||||
Total assets | 72,963 | 164,654 | ||||||
LIABILITIES AND EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable and accrued expenses | 35,432 | 28,019 | ||||||
Notes payable, current, net of discount of $0.6 million and $0.9 million as of September 30, 2025 and December 31, 2024, respectively | 11,540 | 7,390 | ||||||
Deferred revenue, current | - | 2,251 | ||||||
Liabilities held for sale | 2,142 | 2,333 | ||||||
Other current liabilities | 26 | 92,177 | ||||||
Total current liabilities | 49,140 | 132,170 | ||||||
Notes payable, non-current | 47 | - | ||||||
Other non-current liabilities | 92 | 111 | ||||||
Total liabilities | 49,279 | 132,281 | ||||||
Equity: | ||||||||
Common stock, $0.0001 par value, 2,000,000 shares authorized, 1,041,281 and 522,514 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 1 | 1 | ||||||
Additional paid-in capital | 117,931 | 112,406 | ||||||
Accumulated deficit | (97,121 | ) | (83,187 | ) | ||||
Accumulated other comprehensive loss | (85 | ) | (27 | ) | ||||
Total Sadot Group Inc. shareholders' equity | 20,726 | 29,193 | ||||||
Non-controlling interest | 2,958 | 3,180 | ||||||
Total stockholders' equity | 23,684 | 32,373 | ||||||
Total liabilities and stockholders' equity | 72,963 | 164,654 | ||||||
Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss)
(Unaudited)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
$'000 | $'000 | $'000 | $'000 | |||||||||||||
Commodity sales | 272 | 200,906 | 246,778 | 480,706 | ||||||||||||
Other revenues | 17 | - | 69 | - | ||||||||||||
Cost of goods sold | (6,630 | ) | (193,247 | ) | (242,189 | ) | (464,448 | ) | ||||||||
Gross profit / (loss) | (6,341 | ) | 7,659 | 4,658 | 16,258 | |||||||||||
Depreciation and amortization expenses | (22 | ) | (49 | ) | (76 | ) | (232 | ) | ||||||||
Stock-based expenses | (584 | ) | (1,713 | ) | (2,431 | ) | (4,430 | ) | ||||||||
Sales, general and administrative expenses | (7,388 | ) | (3,424 | ) | (13,240 | ) | (6,518 | ) | ||||||||
Income / (loss) from operations | (14,335 | ) | 2,473 | (11,089 | ) | 5,078 | ||||||||||
Other income | - | - | - | - | ||||||||||||
Interest expense, net | (887 | ) | (1,712 | ) | (3,665 | ) | (2,948 | ) | ||||||||
Change in fair value of stock-based compensation | - | 1,001 | 778 | 2,691 | ||||||||||||
Loss on debt extinguishment | - | - | (192 | ) | - | |||||||||||
Income / (loss) for continuing operations before income tax | (15,222 | ) | 1,762 | (14,168 | ) | 4,821 | ||||||||||
Income tax expense | (2 | ) | (3 | ) | (2 | ) | (9 | ) | ||||||||
Net income / (loss) for continuing operations | (15,224 | ) | 1,759 | (14,170 | ) | 4,812 | ||||||||||
Discontinued Operations: | ||||||||||||||||
Income / (loss) for discontinued operations, net of income tax | (38 | ) | (665 | ) | 14 | (1,713 | ) | |||||||||
Net income / (loss) for discontinued operations | (38 | ) | (665 | ) | 14 | (1,713 | ) | |||||||||
Net income / (loss) | (15,262 | ) | 1,094 | (14,156 | ) | 3,099 | ||||||||||
Net loss attributable to non-controlling interest | 73 | 69 | ||||||||||||||