v3.25.2
Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Reclassification on the Unaudited Condensed Consolidated Statement of Income and Other Comprehensive Income / (Loss)
The table below summarizes the effect of the reclassification on the Unaudited Condensed Consolidated Statement of Operations and Other Comprehensive Income / (Loss) for the three and six months ended June 30, 2024:
Three Months Ended June 30, 2024
As Previously ReportedReclassificationAs Reclassified% Change
$’000$’000$’000%
Cost of goods sold(171,308)3,803 (167,505)(2.2)%
Gross profit / (loss)1,985 3,803 5,788 (191.6)%
Gain on fair value remeasurement3,275 (3,275)— (100.0)%
Gain on hedge contracts528 (528)— (100.0)%
Net Income2,317 — 2,317 — %
Six Months Ended June 30, 2024
As Previously ReportedReclassificationAs Reclassified% Change
$’000$’000$’000%
Cost of goods sold(278,254)7,052 (271,202)(2.5)%
Gross profit / (loss)1,546 7,052 8,598 (456.1)%
Gain on fair value remeasurement6,534 (6,534)— (100.0)%
Gain on hedge contracts518 (518)— (100.0)%
Net Income2,004 — 2,004 — %
Schedule of Property and Equipment The estimated useful lives are as follows:
Furniture and Equipment
3 – 7 years
Leasehold Improvements
1 – 8 years
Vehicles
5 - 10 years
Land Improvements
3 -20 years
As of June 30, 2025 and December 31, 2024, Property and equipment consist of the following:
As of
June 30, 2025December 31, 2024
$’000$’000
Furniture and equipment232 232 
Vehicles215 215 
Leasehold improvements11 11 
Land and land improvements11,766 11,766 
Construction in process6 6 
Property and equipment, gross12,230 12,230 
Less: accumulated depreciation(464)(410)
Property and equipment, net11,766 11,820 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share and Computation of Basic and Diluted Earnings Per Share
The following securities are excluded from the calculation of weighted average diluted common shares on June 30, 2025 and 2024, respectively, because their inclusion would have been anti-dilutive:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Warrants1,580,699 1,625,738 1,583,558 1,676,367 
Options70,755 81,250 75,579 81,266 
RSAs573,385 1,047,568 605,935 985,969 
Convertible debt914,634 — 914,634 — 
Total potentially dilutive shares3,139,473 2,754,556 3,179,706 2,743,602
The following table sets forth the computation of basic and dilutive net income / (loss) per share attributable to the Company’s stockholders:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(In thousands, except for share count and per share data)
Net income / (loss) attributable to Sadot Group Inc.389 2,369 1,327 2,104 
Weighted-average shares outstanding:
Basic5,813,911 4,423,432 5,521,706 4,305,822 
Effect of potentially dilutive RSAs10,610 — 3,516 — 
Effect of potentially dilutive convertible debt— 699,615 — 805,281 
Diluted5,824,521 5,123,047 5,525,222 5,111,103 
Net income for continuing operations per share attributable to Sadot Group Inc.:
Basic0.08 0.53 0.23 0.73 
Diluted0.08 0.45 0.23 0.62 
Net income/ (loss) from discontinued operations per share attributable to Sadot Group Inc.:
Basic(0.01)0.01 0.01 (0.24)
Diluted(0.01)0.01 0.01 (0.21)
Net income per share attributable to Sadot Group Inc.:
Basic0.07 0.54 0.24 0.49 
Diluted0.07 0.46 0.24 0.41 
Schedules of Concentration of Risk, by Risk Factor
The following table sets forth the major vendors to purchase commodities for resale, purchase inputs for farming operations and distribute food products to their Company-owned restaurants:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Number of vendors2424
TypeCommoditiesCommoditiesCommoditiesCommodities
% of purchases99 %95 %95 %88 %
Major Customers
The following table sets forth the major customers:
Three Months Ended March 31,Six Months Ended June 30,
2025202420252024
Number of customers2434
TypeCommoditiesCommoditiesCommoditiesCommodities
% of sales99 %89 %95 %82 %