$AFRIW

Forafric Global PLC

CIK:0001903870|SEC Filings
v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenues $ 176,488 $ 274,223 $ 301,954
Cost of sales [1] 158,091 246,891 273,417
Gross profit 18,397 27,332 28,537
Operating expenses:      
Selling, general and administrative expenses [2] 21,952 35,093 27,295
Total operating expenses 21,952 35,093 27,295
Operating (loss) income from continuing operations (3,555) (7,761) 1,242
Other expense (income):      
Interest income (52) (31) (37)
Interest expense 14,319 12,815 13,478
Change in fair value of derivatives and contingent consideration 222 (1,442) (25)
Foreign Exchange (gain) loss (1,619) 33 (212)
Gain on sale of subsidiary (6,603)
Other non-operating expenses 900 2,546
Total other expense 7,167 13,921 13,204
Loss before taxes from continuing operations (10,722) (21,682) (11,962)
Income tax expense 1,383 1,651 589
Loss from continuing operations (12,105) (23,333) (12,551)
Discontinued operations:      
(Loss) profit from discontinued operations (note 21) (1,647) 33 (652)
Income tax expense (benefit) 38 55 (695)
(Loss) income from discontinued operations (1,685) (22) 43
Net loss (13,790) (23,355) (12,508)
Net income attributable to noncontrolling interest 1,100 970 168
Net loss attributable to the Company $ (14,890) $ (24,325) $ (12,676)
Loss from continuing operations per ordinary shares outstanding, basic $ (0.45) $ (0.87) $ (0.47)
Loss from continuing operations per ordinary shares outstanding, diluted (0.45) (0.87) (0.47)
(Loss) profit from discontinued operations per ordinary shares outstanding, basic (0.06) (0.00) 0.00
(Loss) profit from discontinued operations per ordinary shares outstanding, diluted $ (0.06) $ (0.00) $ 0.00
Weighted average number of shares outstanding - basic 26,902,820 26,884,238 26,879,159
Weighted average number of shares outstanding - diluted 26,902,820 26,884,238 26,879,159
Other comprehensive loss net of tax:      
Foreign currency translation adjustments $ 458 $ (1,057) $ (1,747)
Total other comprehensive income (loss) 458 (1,057) (1,747)
Comprehensive loss (13,332) (24,412) (14,255)
less: Comprehensive income attributable to non-controlling interest 2,073 578 442
Comprehensive loss attributable to the Company $ (15,405) $ (24,990) $ (14,697)
[1] Primarily includes purchases of inventory, packaging, and other sales costs.
[2] Primarily includes payroll costs, transportation fees, professional fees, and other selling, general, and administrative costs.