Schedule of Results of Operations for the Relevant Segments |
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 service | | Sadot agri-foods | | Corporate 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 assets | 4,927 | | | 125,472 | | | 230 | | | 130,629 | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 30, 2025 | | Sadot food service | | Sadot agri-foods | | Corporate 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 tax | 52 | | | — | | | — | | | 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 assets | 4,927 | | | 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 service | | Sadot agri-foods | | Corporate 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 tax | 42 | | | — | | | — | | | 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 assets | 6,335 | | | 152,503 | | | 6,936 | | | 165,774 | |
| | | | | | | | | | | | | | | | | | | | | | | | | For the Six Months Ended June 30, 2024 | | Sadot food service | | Sadot agri-foods | | Corporate 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 assets | 6,335 | | | 152,503 | | | 6,936 | | | 165,774 | |
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