v3.25.2
Reportable Operating Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reportable Operating Segments
18.    Reportable Operating Segments
See Note 1 – Business organization and nature of operations for descriptions of our operating segments.
The Company’s reportable segments are determined based on the management approach, consistent with the way the Chief Operating Decision Maker (CODM) evaluates financial performance and allocates resources. The CODM, identified as the Chief Executive Officer, regularly reviews discrete financial information for the Sadot Food Services and Sadot Agri-Foods segments to assess performance and make operational decisions.
The following table sets forth the results of operations for the relevant segments for the three and six months ended June 30, 2025:

For the Three Months Ended June 30, 2025
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Commodity sales— 114,338 — 114,338 
Other revenues— 52 — 52 
Cost of goods sold— (109,403)— (109,403)
Gross profit— 4,987 — 4,987 
Depreciation and amortization expenses— (26)(1)(27)
Stock-based expenses— — (419)(419)
Sales, general and administrative expenses— (1,677)(1,094)(2,771)
Income / (loss) from operations— 3,284 (1,514)1,770 
Interest income / (expense), net— 53 (1,290)(1,237)
Loss on debt extinguishment— — (192)(192)
Income / (loss) for continuing operations before income tax— 3,337 (2,996)341 
Income tax expense— — — — 
Net income / (loss) for continuing operations— 3,337 (2,996)341 
Loss for discontinued operations, net of income tax(55)— — (55)
Net income / (loss) (55)3,337 (2,996)286 
Net loss attributable to non-controlling interest— 103 — 103 
Net income / (loss) attributable to Sadot Group Inc.(55)3,440 (2,996)389 
Total assets4,927 125,472 230 130,629 
For the Six Months Ended June 30, 2025
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Commodity sales— 246,506 — 246,506 
Other revenues— 52 — 52 
Cost of goods sold— (235,559)— (235,559)
Gross profit— 10,999 — 10,999 
Depreciation and amortization expenses— (52)(2)(54)
Stock-based expenses— — (1,847)(1,847)
Sales, general and administrative expenses— (3,462)(2,390)(5,852)
Income / (loss) from operations— 7,485 (4,239)3,246 
Interest expense, net— (700)(2,078)(2,778)
Change in fair value of stock-based compensation— — 778 778 
Loss on debt extinguishment— — (192)(192)
Income / (loss) for continuing operations before income tax— 6,785 (5,731)1,054 
Income tax expense— — — — 
Net income / (loss) for continuing operations— 6,785 (5,731)1,054 
Income for discontinued operations, net of income tax52 — — 52 
Net income / (loss) 52 6,785 (5,731)1,106 
Net loss attributable to non-controlling interest— 221 — 221 
Net income / (loss) attributable to Sadot Group Inc.52 7,006 (5,731)1,327 
Total assets4,927 125,472 230 130,629 
The following table sets forth the results of operations for the relevant segments for the three and six months ended June 30, 2024:
For the Three Months Ended June 30, 2024
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Commodity sales— 173,293 — 173,293 
Cost of goods sold— (167,505)— (167,505)
Gross profit— 5,788 — 5,788 
Depreciation and amortization expenses— (92)— (92)
Stock-based expenses— — (1,921)(1,921)
Sales, general and administrative expenses— (847)(854)(1,701)
Income / (loss) from operations— 4,849 (2,775)2,074 
Interest expense , net— (131)(877)(1,008)
Change in fair value of stock-based compensation— — 1,214 1,214 
Income / (loss) for continuing operations before income tax— 4,718 (2,438)2,280 
Income tax expense— — (5)(5)
Net income / (loss) for continuing operations— 4,718 (2,443)2,275 
Income for discontinued operations, net of income tax42 — — 42 
Net income / (loss) 42 4,718 (2,443)2,317 
Net loss attributable to non-controlling interest— 52 — 52 
Net income / (loss) attributable to Sadot Group Inc.42 4,770 (2,443)2,369 
Total assets6,335 152,503 6,936 165,774 
For the Six Months Ended June 30, 2024
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Revenues:
Commodity sales— 279,800 — 279,800 
Cost of goods sold— (271,202)— (271,202)
Gross profit— 8,598 — 8,598 
Depreciation and amortization expenses— (183)— (183)
Stock-based expenses— — (2,717)(2,717)
Sales, general and administrative expenses— (1,577)(1,516)(3,093)
Income / (loss) from operations— 6,838 (4,233)2,605 
Interest expense , net— (185)(1,051)(1,236)
Change in fair value of stock-based compensation— — 1,691 1,691 
Income / (loss) for continuing operations before income tax— 6,653 (3,593)3,060 
Income tax expense— — (7)(7)
Net income / (loss) for continuing operations— 6,653 (3,600)3,053 
Loss for discontinued operations, net of income tax(1,049)— — (1,049)
Net income / (loss) (1,049)6,653 (3,600)2,004 
Net loss attributable to non-controlling interest— 100 — 100 
Net income / (loss) attributable to Sadot Group Inc.(1,049)6,753 (3,600)2,104 
Total assets6,335 152,503 6,936 165,774 
In 2024, assets related to our Sadot food services segment met the criteria for classification as Assets held for sale. For additional information, see Note 2 – Significant accounting policies, Note 3 – Assets held for sale and Note 4 – Discontinued operations.
The Company will continue to evaluate its operating segments and update as necessary.