Forafric Global PLC Key Executives
This section highlights Forafric Global PLC's key executives, including their titles and compensation details.
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Forafric Global PLC Earnings
This section highlights Forafric Global PLC's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
Time:
Est. EPS:
$-
Status:
Unconfirmed
Last Earnings Results
Date:
EPS:
$-
Est. EPS:
$-
Revenue:
$-
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco and Sub-Saharan Africa. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands. It serves wholesale foods manufacturers and distributors The company also exports its products to approximately 45 countries. Forafric Global PLC is headquartered in Gibraltar.
Consumer Defensive
Agricultural Farm Products
$8.68
Stock Price
$233.31M
Market Cap
600
Employees
Gibraltar, None
Location
Financial Statements
Access annual & quarterly financial statements for Forafric Global PLC, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $305.48M | $289.77M | $261.68M | $196.60M | $183.21M |
| Cost of Revenue | $275.05M | $260.40M | $219.31M | $156.19M | $147.50M |
| Gross Profit | $30.43M | $29.37M | $42.37M | $40.41M | $35.71M |
| Gross Profit Ratio | 9.96% | 10.14% | 16.20% | 20.55% | 19.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $29.29M | $30.80M | $38.98M | $30.52M | $31.73M |
| Other Expenses | $- | $-1.69M | $- | $- | $- |
| Operating Expenses | $29.29M | $30.80M | $38.98M | $30.52M | $31.73M |
| Cost and Expenses | $304.34M | $291.19M | $258.29M | $186.71M | $179.23M |
| Interest Income | $37.00K | $34.00K | $543.00K | $3.00K | $5.00K |
| Interest Expense | $14.02M | $12.51M | $10.36M | $6.85M | $9.43M |
| Depreciation and Amortization | $6.08M | $6.59M | $5.21M | $4.97M | $5.04M |
| EBITDA | $7.48M | $-2.12M | $7.70M | $14.87M | $8.89M |
| EBITDA Ratio | 2.45% | 1.21% | 3.49% | 7.56% | 4.93% |
| Operating Income | $1.13M | $-3.08M | $3.39M | $9.89M | $3.98M |
| Operating Income Ratio | 0.37% | -1.06% | 1.29% | 5.03% | 2.17% |
| Total Other Income Expenses Net | $-13.75M | $-19.81M | $-11.26M | $-9.89M | $-9.57M |
| Income Before Tax | $-12.61M | $-21.23M | $-7.87M | $4.00K | $-5.59M |
| Income Before Tax Ratio | -4.13% | -7.33% | -3.01% | 0.00% | -3.05% |
| Income Tax Expense | $-106.00K | $-2.06M | $-89.00K | $143.00K | $2.51M |
| Net Income | $-12.68M | $-19.17M | $-7.78M | $-139.00K | $-8.10M |
| Net Income Ratio | -4.15% | -6.62% | -2.97% | -0.07% | -4.42% |
| EPS | $-0.47 | $-0.72 | $-0.38 | $-0.01 | $-0.31 |
| EPS Diluted | $-0.47 | $-0.72 | $-0.38 | $-0.01 | $-0.31 |
| Weighted Average Shares Outstanding | 26.88M | 26.60M | 20.56M | 15.05M | 26.46M |
| Weighted Average Shares Outstanding Diluted | 26.88M | 26.60M | 20.56M | 15.05M | 26.46M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.62M | $82.62M | $79.93M | $79.93M | $72.81M | $72.81M | $67.39M | $67.39M | $154.99M | $89.07M | $76.16M | $- | $60.36M | $60.62M | $50.66M |
| Cost of Revenue | $73.26M | $73.26M | $71.45M | $71.45M | $65.98M | $65.98M | $60.26M | $60.26M | $139.32M | $79.56M | $62.11M | $- | $55.13M | $49.74M | $37.06M |
| Gross Profit | $9.36M | $9.36M | $8.48M | $8.48M | $6.82M | $6.82M | $7.13M | $7.13M | $15.67M | $9.51M | $14.05M | $- | $5.24M | $10.88M | $13.60M |
| Gross Profit Ratio | 11.33% | 11.33% | 10.60% | 10.60% | 9.40% | 9.40% | 10.60% | 10.60% | 10.10% | 10.70% | 18.50% | 0.00% | 8.70% | 17.90% | 26.85% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $8.70M | $8.70M | $7.22M | $7.22M | $7.51M | $7.51M | $8.05M | $8.05M | $15.26M | $8.90M | $1.07M | $892.14K | $349.26K | $366.04K | $10.78M |
| Other Expenses | $2.46M | $2.46M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $11.16M | $11.16M | $7.07M | $7.07M | $7.55M | $7.55M | $10.55M | $10.55M | $15.26M | $8.90M | $1.07M | $892.14K | $349.26K | $366.04K | $12.09M |
| Cost and Expenses | $84.42M | $84.42M | $78.67M | $78.52M | $73.54M | $73.54M | $70.81M | $70.81M | $154.58M | $88.46M | $1.07M | $892.14K | $349.26K | $366.04K | $49.15M |
| Interest Income | $- | $- | $3.75M | $- | $- | $- | $3.81M | $3.81M | $2.28M | $- | $2.71M | $1.78K | $1.79M | $1.37M | $1.45M |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.58M | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $1.14M | $1.14M | $1.47M | $1.47M | $1.04M | $1.04M | $1.45M | $1.45M | $2.80M | $1.45M | $1.28M | $- | $892.00K | $863.00K | $1.02M |
| EBITDA | $1.80M | $1.80M | $2.73M | $2.73M | $350.00K | $350.00K | $529.50K | $529.50K | $893.00K | $609.00K | $771.00K | $-890.36K | $-349.26K | $-366.04K | $-88.85K |
| EBITDA Ratio | 2.18% | 2.18% | 3.41% | 3.41% | 0.48% | 0.48% | 0.79% | 0.79% | 2.07% | 2.32% | -1.41% | 0.00% | -0.58% | -0.60% | 7.57% |
| Operating Income | $-1.80M | $-1.80M | $1.25M | $1.25M | $-688.50K | $-688.50K | $-918.50K | $-918.50K | $415.00K | $609.00K | $-1.07M | $-892.14K | $-349.26K | $-366.04K | $2.82M |
| Operating Income Ratio | -2.18% | -2.18% | 1.57% | 1.57% | -0.95% | -0.95% | -1.36% | -1.36% | 0.27% | 0.68% | -1.41% | 0.00% | -0.58% | -0.60% | 5.56% |
| Total Other Income Expenses Net | $-3.37M | $-3.37M | $-3.60M | $-3.60M | $-3.28M | $-3.28M | $-6.32M | $-6.32M | $-7.17M | $-3.12M | $-554.87K | $1.78K | $1.77K | $2.08K | $-2.76M |
| Income Before Tax | $-5.18M | $-5.18M | $-2.34M | $-2.34M | $-3.96M | $-3.96M | $-7.23M | $-7.23M | $-6.76M | $-2.51M | $-1.07M | $-890.36K | $-347.49K | $-363.96K | $62.00K |
| Income Before Tax Ratio | -6.26% | -6.26% | -2.93% | -2.93% | -5.45% | -5.45% | -10.73% | -10.73% | -4.36% | -2.82% | -1.40% | 0.00% | -0.58% | -0.60% | 0.12% |
| Income Tax Expense | $848.00K | $848.00K | $376.00K | $376.00K | $323.00K | $323.00K | $1.83M | $1.83M | $1.60M | $970.00K | $742.00K | $- | $612.00K | $610.00K | $1.26M |
| Net Income | $-6.38M | $-6.38M | $-2.03M | $-2.03M | $-4.31M | $-4.31M | $-5.44M | $-5.44M | $-8.24M | $-3.48M | $-1.07M | $-890.36K | $-347.49K | $-363.96K | $1.35M |
| Net Income Ratio | -7.72% | -7.72% | -2.54% | -2.54% | -5.92% | -5.92% | -8.07% | -8.07% | -5.32% | -3.91% | -1.40% | 0.00% | -0.58% | -0.60% | 2.67% |
| EPS | $-0.24 | $-0.24 | $-0.08 | $-0.08 | $-0.16 | $-0.16 | $-0.17 | $-0.17 | $-0.38 | $-0.03 | $-0.07 | $-0.03 | $-0.02 | $-0.02 | $0.09 |
| EPS Diluted | $-0.24 | $-0.24 | $-0.08 | $-0.08 | $-0.16 | $-0.16 | $-0.17 | $-0.17 | $-0.38 | $-0.03 | $-0.07 | $-0.03 | $-0.02 | $-0.02 | $0.09 |
| Weighted Average Shares Outstanding | 26.88M | 26.88M | 26.88M | 26.88M | 26.88M | 26.88M | 31.64M | 31.64M | 21.57M | 120.00M | 15.05M | 26.55M | 15.05M | 15.05M | 14.47M |
| Weighted Average Shares Outstanding Diluted | 26.88M | 26.88M | 26.88M | 26.88M | 26.88M | 26.88M | 31.64M | 31.64M | 21.57M | 120.00M | 15.05M | 26.55M | 15.05M | 15.05M | 14.47M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $24.02M | $24.83M | $14.39M | $12.68M | $8.99M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $24.02M | $24.83M | $14.39M | $12.68M | $8.99M |
| Net Receivables | $54.74M | $75.78M | $57.55M | $37.41M | $27.95M |
| Inventory | $28.38M | $27.22M | $37.56M | $26.55M | $14.86M |
| Other Current Assets | $14.11M | $15.74M | $8.05M | $5.92M | $12.48M |
| Total Current Assets | $121.24M | $143.57M | $117.55M | $82.56M | $64.29M |
| Property Plant Equipment Net | $130.31M | $110.96M | $125.83M | $106.25M | $102.74M |
| Goodwill | $48.49M | $45.90M | $51.57M | $48.07M | $44.67M |
| Intangible Assets | $4.65M | $3.72M | $3.98M | $363.00K | $448.00K |
| Goodwill and Intangible Assets | $53.14M | $49.62M | $55.55M | $48.44M | $45.12M |
| Long Term Investments | $- | $- | $- | $116.15M | $- |
| Tax Assets | $- | $- | $- | $-116.15M | $- |
| Other Non-Current Assets | $4.77M | $3.01M | $973.00K | $484.00K | $427.00K |
| Total Non-Current Assets | $188.21M | $163.59M | $182.35M | $155.17M | $148.29M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $309.45M | $307.16M | $299.90M | $237.74M | $212.58M |
| Account Payables | $46.46M | $27.30M | $26.20M | $12.84M | $13.73M |
| Short Term Debt | $185.44M | $189.83M | $163.71M | $120.52M | $92.05M |
| Tax Payables | $5.58M | $5.52M | $8.65M | $8.14M | $- |
| Deferred Revenue | $1.27M | $540.00K | $1.91M | $3.62M | $- |
| Other Current Liabilities | $14.51M | $15.00M | $2.43M | $3.93M | $19.37M |
| Total Current Liabilities | $253.26M | $238.18M | $202.90M | $149.05M | $125.14M |
| Long Term Debt | $13.33M | $11.63M | $35.08M | $14.83M | $139.46M |
| Deferred Revenue Non-Current | $- | $10.73M | $26.18M | $9.04M | $- |
| Deferred Tax Liabilities Non-Current | $10.98M | $12.40M | $18.72M | $21.86M | $- |
| Other Non-Current Liabilities | $2.68M | $- | $-4.45M | $- | $22.06M |
| Total Non-Current Liabilities | $26.98M | $24.03M | $49.35M | $36.69M | $161.51M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $280.24M | $262.21M | $252.25M | $185.74M | $286.66M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $27.00K | $57.00K | $120.00M | $120.00M | $4.00K |
| Retained Earnings | $-115.35M | $-102.68M | $-83.55M | $-74.40M | $-74.62M |
| Accumulated Other Comprehensive Income Loss | $-5.00M | $-2.98M | $3.69M | $6.31M | $535.00K |
| Other Total Stockholders Equity | $143.13M | $143.66M | $119.98M | $- | $1 |
| Total Stockholders Equity | $22.80M | $38.05M | $40.13M | $51.91M | $-74.08M |
| Total Equity | $29.21M | $44.95M | $47.65M | $51.99M | $-74.08M |
| Total Liabilities and Stockholders Equity | $309.45M | $307.16M | $299.90M | $237.74M | $212.58M |
| Minority Interest | $6.41M | $6.90M | $7.52M | $82.00K | $- |
| Total Liabilities and Total Equity | $309.45M | $307.16M | $299.90M | $237.74M | $212.58M |
| Total Investments | $- | $- | $- | $116.15M | $- |
| Total Debt | $198.77M | $201.46M | $191.34M | $135.35M | $231.51M |
| Net Debt | $174.75M | $176.63M | $176.95M | $122.67M | $222.51M |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $16.37M | $16.37M | $24.02M | $24.02M | $25.16M | $25.16M | $24.83M | $24.83M | $20.70M | $21.08M | $14.39M | $8.41K | $196.71K | $28.10K | $12.68M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $25.37M | $- |
| Cash and Short Term Investments | $16.37M | $16.37M | $24.02M | $24.02M | $25.16M | $25.16M | $24.83M | $24.83M | $20.70M | $21.08M | $14.39M | $8.41K | $196.71K | $28.10K | $12.68M |
| Net Receivables | $36.27M | $36.27M | $54.74M | $34.72M | $58.12M | $30.44M | $75.78M | $30.86M | $79.37M | $72.26M | $57.55M | $- | $- | $- | $27.48M |
| Inventory | $28.66M | $28.66M | $28.38M | $28.38M | $66.47M | $66.47M | $27.22M | $27.22M | $55.75M | $24.21M | $37.56M | $- | $- | $- | $26.55M |
| Other Current Assets | $22.77M | $22.77M | $14.11M | $34.13M | $15.61M | $43.28M | $15.74M | $60.67M | $22.84M | $1.00M | $8.05M | $150.65K | $323.20K | $285.29K | $16.14M |
| Total Current Assets | $104.07M | $104.07M | $121.24M | $121.24M | $165.35M | $165.35M | $143.57M | $143.57M | $171.74M | $118.47M | $117.55M | $159.07K | $519.91K | $313.39K | $82.56M |
| Property Plant Equipment Net | $127.04M | $127.04M | $130.31M | $130.31M | $119.61M | $119.61M | $110.96M | $110.96M | $115.56M | $120.63M | $125.83M | $- | $- | $- | $106.25M |
| Goodwill | $48.01M | $48.01M | $48.49M | $48.49M | $48.30M | $48.30M | $45.90M | $45.90M | $46.96M | $49.58M | $51.57M | $- | $- | $- | $48.07M |
| Intangible Assets | $4.50M | $4.50M | $4.65M | $4.65M | $3.87M | $3.87M | $3.72M | $3.72M | $3.67M | $3.81M | $3.98M | $- | $- | $- | $363.00K |
| Goodwill and Intangible Assets | $52.51M | $52.51M | $53.14M | $53.14M | $52.16M | $52.16M | $49.62M | $49.62M | $50.63M | $53.39M | $55.55M | $- | $- | $- | $48.44M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $118.47M | $117.31M | $116.16M | $116.15M | $116.15M | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-118.47M | $-117.31M | $- | $- | $- | $- |
| Other Non-Current Assets | $3.50M | $3.50M | $4.77M | $4.77M | $4.51M | $4.51M | $3.01M | $3.01M | $2.19M | $1.17M | $973.00K | $- | $- | $- | $484.00K |
| Total Non-Current Assets | $183.05M | $183.05M | $188.21M | $188.21M | $176.29M | $176.29M | $163.59M | $163.59M | $168.38M | $175.19M | $182.35M | $116.16M | $116.15M | $116.15M | $155.17M |
| Other Assets | $- | $- | $- | $- | $-1.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $287.12M | $287.12M | $309.45M | $309.45M | $341.64M | $341.64M | $307.16M | $307.16M | $340.12M | $293.66M | $299.90M | $116.31M | $116.67M | $116.47M | $237.74M |
| Account Payables | $57.34M | $57.34M | $46.46M | $46.46M | $65.43M | $65.43M | $27.30M | $27.30M | $35.91M | $35.25M | $26.20M | $- | $- | $- | $12.84M |
| Short Term Debt | $165.35M | $165.35M | $185.44M | $183.81M | $196.19M | $194.04M | $189.83M | $187.83M | $184.03M | $150.50M | $163.71M | $- | $- | $- | $117.04M |
| Tax Payables | $- | $- | $5.58M | $- | $5.83M | $- | $5.52M | $- | $3.02M | $- | $8.65M | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $1.27M | $- | $796.00K | $- | $540.00K | $- | $1.72M | $1.71M | $1.91M | $- | $- | $- | $- |
| Other Current Liabilities | $22.59M | $22.59M | $14.51M | $22.99M | $15.15M | $23.92M | $15.00M | $23.06M | $31.70M | $10.88M | $2.43M | $646.73K | $115.43K | $159.65K | $19.17M |
| Total Current Liabilities | $245.28M | $245.28M | $253.26M | $253.26M | $283.39M | $283.39M | $238.18M | $238.18M | $256.38M | $196.63M | $202.90M | $646.73K | $115.43K | $159.65K | $149.05M |
| Long Term Debt | $12.09M | $12.09M | $13.33M | $13.33M | $10.64M | $10.64M | $11.63M | $11.63M | $12.53M | $37.67M | $35.08M | $700.00K | $700.00K | $100.00K | $14.83M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $10.73M | $- | $7.04M | $-16.38M | $-18.72M | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $13.22M | $- | $12.40M | $- | $17.25M | $18.03M | $18.72M | $- | $- | $- | $- |
| Other Non-Current Liabilities | $13.44M | $13.44M | $13.66M | $13.66M | $13.24M | $13.24M | $- | $12.40M | $-2.75M | $- | $14.27M | $- | $- | $- | $21.86M |
| Total Non-Current Liabilities | $25.53M | $25.53M | $26.98M | $26.98M | $23.88M | $23.88M | $24.03M | $24.03M | $27.04M | $55.70M | $49.35M | $700.00K | $700.00K | $100.00K | $36.69M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $270.81M | $270.81M | $280.24M | $280.24M | $307.27M | $307.27M | $262.21M | $262.21M | $283.42M | $252.34M | $252.25M | $1.35M | $815.43K | $259.65K | $185.74M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $27.00K | $27.00K | $27.00K | $27.00K | $27.00K | $27.00K | $57.00K | $57.00K | $27.00K | $120.00M | $120.00M | $116.15M | $110.86M | $111.21M | $120.00M |
| Retained Earnings | $-128.11M | $-128.11M | $-115.35M | $-115.35M | $-111.30M | $-111.30M | $-102.68M | $-102.68M | $-91.80M | $-87.00M | $-83.55M | $-1.69M | $-801.34K | $-453.85K | $-74.40M |
| Accumulated Other Comprehensive Income Loss | $-5.80M | $-5.80M | $-5.00M | $-5.00M | $-5.27M | $-5.27M | $-2.98M | $-2.98M | $-2.20M | $1.01M | $3.69M | $- | $- | $51.91M | $6.31M |
| Other Total Stockholders Equity | $143.26M | $143.26M | $143.13M | $143.13M | $143.69M | $143.69M | $143.66M | $143.66M | $143.91M | $- | $119.98M | $509.30K | $5.80M | $-46.46M | $- |
| Total Stockholders Equity | $9.38M | $9.38M | $22.80M | $22.80M | $27.15M | $27.15M | $38.05M | $38.05M | $49.94M | $34.01M | $40.13M | $114.97M | $115.86M | $116.21M | $51.91M |
| Total Equity | $16.31M | $16.31M | $29.21M | $29.21M | $34.36M | $34.36M | $44.95M | $44.95M | $56.71M | $41.33M | $47.65M | $114.97M | $115.86M | $116.21M | $51.99M |
| Total Liabilities and Stockholders Equity | $287.12M | $287.12M | $309.45M | $309.45M | $341.64M | $341.64M | $307.16M | $307.16M | $340.12M | $293.66M | $299.90M | $116.31M | $116.67M | $116.47M | $237.74M |
| Minority Interest | $6.93M | $6.93M | $6.41M | $6.41M | $7.21M | $7.21M | $6.90M | $6.90M | $6.77M | $7.32M | $7.52M | $- | $- | $- | $82.00K |
| Total Liabilities and Total Equity | $287.12M | $287.12M | $309.45M | $309.45M | $341.64M | $341.64M | $307.16M | $307.16M | $340.12M | $293.66M | $299.90M | $116.31M | $116.67M | $116.47M | $237.74M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $118.47M | $117.31M | $116.16M | $116.15M | $116.15M | $- |
| Total Debt | $177.44M | $177.44M | $198.77M | $197.13M | $206.83M | $204.68M | $201.46M | $199.46M | $193.81M | $188.17M | $191.34M | $700.00K | $700.00K | $100.00K | $131.87M |
| Net Debt | $161.07M | $161.07M | $174.75M | $173.11M | $181.68M | $179.53M | $176.63M | $174.63M | $173.12M | $167.09M | $176.95M | $691.59K | $503.29K | $71.90K | $119.19M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-12.68M | $-19.17M | $-7.78M | $-139.00K | $-8.10M |
| Depreciation and Amortization | $6.08M | $6.59M | $5.21M | $4.97M | $5.04M |
| Deferred Income Tax | $-2.09M | $-4.29M | $-2.58M | $-1.88M | $388.00K |
| Stock Based Compensation | $169.00K | $125.00K | $- | $- | $- |
| Change in Working Capital | $41.48M | $-36.25M | $-22.15M | $-15.59M | $-1.68M |
| Accounts Receivables | $24.36M | $-4.65M | $-4.37M | $3.29M | $30.98M |
| Inventory | $447.00K | $6.33M | $-9.82M | $-11.68M | $19.90M |
| Accounts Payables | $15.73M | $5.25M | $2.33M | $-2.99M | $-58.96M |
| Other Working Capital | $949.00K | $-43.18M | $-10.28M | $-4.21M | $6.39M |
| Other Non Cash Items | $359.00K | $-4.58M | $2.79M | $1.51M | $3.01M |
| Net Cash Provided by Operating Activities | $33.33M | $-57.57M | $-24.52M | $-11.13M | $-1.34M |
| Investments in Property Plant and Equipment | $-9.53M | $-4.79M | $-7.00M | $-1.29M | $-1.73M |
| Acquisitions Net | $-37.00K | $765.00K | $-8.64M | $- | $- |
| Purchases of Investments | $- | $- | $-385.00K | $-116.15M | $- |
| Sales Maturities of Investments | $- | $- | $-146.00K | $- | $- |
| Other Investing Activities | $-272.00K | $503.00K | $123.00K | $116.39M | $1.66M |
| Net Cash Used for Investing Activities | $-9.84M | $-4.03M | $-16.05M | $-1.05M | $-70.00K |
| Debt Repayment | $-21.18M | $56.96M | $42.75M | $18.77M | $-37.93M |
| Common Stock Issued | $1.00K | $7.17M | $- | $116.66M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.00K | $18.03M | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $-21.18M | $74.99M | $42.75M | $18.77M | $-37.93M |
| Effect of Forex Changes on Cash | $-3.11M | $-2.96M | $-482.00K | $-2.90M | $-434.00K |
| Net Change in Cash | $-806.00K | $10.43M | $1.71M | $3.69M | $-39.77M |
| Cash at End of Period | $24.02M | $24.83M | $14.39M | $12.68M | $8.99M |
| Cash at Beginning of Period | $24.83M | $14.39M | $12.68M | $8.99M | $48.77M |
| Operating Cash Flow | $33.33M | $-57.57M | $-24.52M | $-11.13M | $-1.34M |
| Capital Expenditure | $-9.85M | $-4.79M | $-7.00M | $-1.29M | $-1.73M |
| Free Cash Flow | $23.48M | $-62.36M | $-31.52M | $-12.42M | $-3.07M |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-6.38M | $-6.38M | $-2.03M | $-2.03M | $-4.31M | $-4.31M | $-5.44M | $-5.44M | $-4.79M | $-3.48M | $-1.07M | $-347.49K | $-363.96K | $1.35M |
| Depreciation and Amortization | $1.45M | $1.45M | $1.76M | $1.76M | $1.28M | $1.28M | $1.90M | $1.90M | $1.34M | $1.45M | $1.58M | $1.20M | $1.16M | $1.34M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $-13.30M | $-13.30M | $237.00K | $79.00K | $- | $- | $- | $- |
| Stock Based Compensation | $193.00K | $193.00K | $67.50K | $67.50K | $17.00K | $17.00K | $62.50K | $62.50K | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $2.52M | $2.52M | $23.49M | $23.49M | $-10.62M | $-10.62M | $9.10M | $9.10M | $-54.90M | $6.71M | $342.17K | $-82.13K | $92.07K | $23.40M |
| Accounts Receivables | $-1.20M | $-1.20M | $-2.01M | $-2.01M | $860.00K | $860.00K | $-1.24M | $-1.24M | $8.43M | $-10.60M | $-768.00K | $7.34M | $-5.22M | $912.00K |
| Inventory | $-301.50K | $-301.50K | $18.71M | $18.71M | $-18.49M | $-18.49M | $14.47M | $14.47M | $-34.76M | $12.14M | $6.39M | $-13.12M | $-16.64M | $19.38M |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $-7.03M | $11.51M | $- | $- | $- | $- |
| Other Working Capital | $4.02M | $4.02M | $6.79M | $6.79M | $7.01M | $7.01M | $-4.13M | $-4.13M | $-28.56M | $-6.35M | $342.17K | $-82.13K | $92.07K | $3.11M |
| Other Non Cash Items | $8.91M | $8.91M | $-12.00M | $-12.00M | $19.00M | $19.00M | $-9.34M | $-9.34M | $3.14M | $315.00K | $-2.21K | $-1.77K | $-2.08K | $-23.70M |
| Net Cash Provided by Operating Activities | $6.70M | $6.70M | $11.29M | $11.29M | $5.37M | $5.37M | $-3.72M | $-3.72M | $-55.21M | $5.07M | $-728.90K | $-431.39K | $-273.97K | $2.39M |
| Investments in Property Plant and Equipment | $-281.50K | $-281.50K | $-2.70M | $-2.70M | $-2.06M | $-2.06M | $-682.50K | $-682.50K | $-2.38M | $-788.00K | $-4.48M | $-690.00K | $-762.00K | $-138.00K |
| Acquisitions Net | $- | $- | $-18.50K | $-18.50K | $- | $- | $- | $- | $100.00K | $- | $6.86M | $-5.72M | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.15M | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-50.50K | $-50.50K | $-103.00K | $-103.00K | $-33.00K | $-33.00K | $263.50K | $263.50K | $-159.00K | $- | $3.81M | $-177.00K | $-5.00K | $-449.00K |
| Net Cash Used for Investing Activities | $-332.00K | $-332.00K | $-2.83M | $-2.83M | $-2.09M | $-2.09M | $-419.00K | $-419.00K | $-2.54M | $-788.00K | $-1.15M | $-6.59M | $-767.00K | $-587.00K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $-6.14M | $-6.14M | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-10.05M | $-10.05M | $-8.63M | $-8.63M | $-1.97M | $-1.97M | $-1.08M | $-1.08M | $73.69M | $3.60M | $1.90M | $600.00K | $100.00K | $-7.40M |
| Net Cash Used Provided by Financing Activities | $-10.05M | $-10.05M | $-8.63M | $-8.63M | $-1.97M | $-1.97M | $-1.08M | $-1.08M | $73.69M | $3.60M | $1.90M | $600.00K | $100.00K | $-7.40M |
| Effect of Forex Changes on Cash | $-140.00K | $-140.00K | $-410.50K | $-410.50K | $-1.15M | $-1.15M | $-514.50K | $-514.50K | $-731.00K | $-1.20M | $130.00K | $73.00K | $-133.00K | $-3.73M |
| Net Change in Cash | $- | $- | $-567.00K | $-567.00K | $164.00K | $164.00K | $-5.73M | $-5.73M | $15.21M | $6.69M | $21.09K | $-33.75M | $-12.65M | $-9.33M |
| Cash at End of Period | $- | $- | $-567.00K | $-567.00K | $164.00K | $164.00K | $-5.73M | $30.56M | $36.30M | $21.08M | $29.51K | $196.71K | $28.10K | $12.68M |
| Cash at Beginning of Period | $- | $- | $- | $- | $- | $- | $- | $36.30M | $21.08M | $14.39M | $8.41K | $33.95M | $12.68M | $22.01M |
| Operating Cash Flow | $6.70M | $6.70M | $11.29M | $11.29M | $5.37M | $5.37M | $-3.72M | $-3.72M | $-55.21M | $5.07M | $-728.90K | $-431.39K | $-273.97K | $2.39M |
| Capital Expenditure | $-281.50K | $-281.50K | $-2.70M | $-2.70M | $-2.06M | $-2.06M | $-682.50K | $-682.50K | $-2.38M | $-788.00K | $-4.48M | $-690.00K | $-762.00K | $-138.00K |
| Free Cash Flow | $6.41M | $6.41M | $8.59M | $8.59M | $3.31M | $3.31M | $-4.40M | $-4.40M | $-57.59M | $4.29M | $-5.21M | $-1.12M | $-1.04M | $2.25M |
Forafric Global PLC Dividends
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Forafric Global PLC News
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Forafric Adopts New Balance Sheet Strengthening Strategy
Announces Enhanced Focus on Morocco and Soft Wheat through Initiatives to include Divesting Non-Core Assets CASABLANCA, MOROCCO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Forafric Global PLC (Nasdaq: AFRI, or the “Company”), a leading vertically integrated agribusiness serving Africa, today announced that it has adopted a new balance sheet strengthening strategy with a Morocco and soft wheat focus. As part of this initiative, the Company is divesting non-core assets: assets outside of Morocco, durum wheat focused businesses and logistics activities in Morocco.
Forafric Announces Nasdaq Compliance Status
CASABLANCA, MOROCCO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Forafric Global PLC (Nasdaq: AFRI, or the “Company”), a vertically integrated agribusiness serving Africa, today announced that on January 14, 2025, it received written notice from the listing qualifications department of The Nasdaq Stock Market (“Nasdaq”) stating that since the Company has not yet filed a Form 6-K containing an interim balance sheet and income statement as of the end of its second quarter (the “Six Month Report”) by December 31, 2024, the Company was not in compliance with Listing Rule 5250 (c) (2) (the “Rule”).
Forafric Announces Plan to Expand with Lease of New Operating Facility; Expects to Increase Crushing Capacity by 600 Tons per Day
CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced it has entered into a 10-year renewable contract to lease and operate an existing milling facility located in the Meknes-Fes region of Morocco. This marks a significant milestone in the expansion of the Company's milling capabilities and positions Forafric for continued growth. This expansion is expected to increase the Company's milling c.
Forafric Provides Business Update
CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI) (“Forafric”), a vertically integrated agribusiness serving Africa, today provided a business update. Recent Business Highlights Achieved record high crushing volume for the first nine months of 2023, with more than 443,000 Metric Tons (MT) of soft wheat processed in Morocco, its largest market Completed acquisition of 90% of Société Industrielle de Minoterie du Sud (“SIMS”), a soft wheat milling company with primary operat.
3 SPACs From 2022 That Are Actually Really Good Buys Now
Did you happen to see Barron's recent article that discussed Bill Ackman's desire to take X (formerly Twitter) public through his SPARC (special purpose acquisition rights company), a newer twist to SPACs (special purpose acquisition company)? The traditional SPAC raises money in an IPO (initial public offering) and then takes 12-24 months to find a target to merge with.
Forafric Acquires SIMS mill in Marrakesh Increasing Crushing Capacity to More Than 300 Tons per Day
CASABLANCA, Morocco--(BUSINESS WIRE)--Forafric Global PLC (Nasdaq: AFRI, or “Forafric”), a vertically integrated agribusiness serving Africa, today announced as part of its strategy to double crushing capacity in Morocco over that next two years, that it has acquired 90% of Société Industrielle de Minoterie du Sud (“SIMS”), a soft wheat milling company with primary operations in Marrakesh. “This acquisition enables us to expand our crushing capacity rapidly by more than 300 tons per day with mi.
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