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Forafric Global PLC Reports Six-Month 2025 Financial Results with Revenue Decline and Going Concern Doubt
AFRI
Earnings
Profit Warning
Demand Weakening
- For the six months ended June 30, 2025, Forafric Global PLC reported revenues of $87,351 thousand, marking a 45.3% decrease compared to the same period in 2024, and a net loss of $(10,352) thousand.
- The company's gross profit decreased by 50.1% to $8,515 thousand for the six months ended June 30, 2025, primarily attributed to a decrease in crushed volume of soft wheat and durum wheat in Morocco.
- As of June 30, 2025, total assets stood at $266,145 thousand, with total liabilities at $255,959 thousand, resulting in total stockholders' equity of $10,186 thousand.
- Management has identified substantial doubt about the Company's ability to continue as a going concern due to significant operating losses and insufficient liquidity, and is actively pursuing additional financing, cost-reduction initiatives, and the sale of non-core assets, including a wholly owned subsidiary and a durum wheat mill.
Dec 29, 2025, 9:15 PM
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