AFRI Forafric Global PLC

Overview and Growth

Forafric Global PLC generated $176.49M of revenue in fiscal 2025, with net loss of $14.89M and an operating cash inflow of $356.00K. Revenue of $176.49M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 35.6% below fiscal 2024 revenue of $274.22M, marking a top-line contraction. The company employed $246.93M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.71x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $18.40M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 10.4% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $3.56M, reflecting costs that exceeded gross profit. The operating loss equaled 2.0% of revenue, showing the scale of the operating deficit relative to sales. After all below-operating-line items, the company recorded a net loss of $14.89M for the fiscal year. The net loss equaled 8.4% of revenue, showing the bottom-line deficit relative to the company’s sales base. The pretax result was a loss of $10.72M, establishing the deficit before tax effects. Measured against revenue, the pretax deficit represented 6.1%. The reported income-tax provision was $1.38M, the amount recognized between pretax income and the final net-income result. The net loss equaled 223.7% of period-end equity, showing the deficit relative to book capital. The net loss equaled 6.0% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

At period end, the $246.93M asset base was financed through $240.28M of liabilities and $6.66M of equity. At period end, current assets of $68.18M compared with current liabilities of $207.59M, defining the company’s short-term resource position. Current assets covered only 0.33x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $14.31M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 6.9% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Borrowings totaled $26.39M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 3.96x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 10.7%, showing how much of the asset base was matched by borrowing. Liabilities represented 97.3% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 5.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $246.08M in fiscal 2024, the current asset base moved 0.3% and finished higher. Against $5.32M of equity in fiscal 2024, the current book-equity balance moved 25.2% and ended higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $356.00K, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $517.00K, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 145.2% of operating cash flow, leaving the remainder available as free cash flow. Negative free cash flow was $161.00K, leaving a cash deficit after capital spending and reducing financial flexibility. Free-cash-flow margin was -0.1%, reflecting a cash deficit equal to 0.1% of revenue after capital spending. The free-cash-flow deficit equaled 0.1% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.