Forafric Global (AFRI) financial statements
Forafric Global reported revenue of $176M in fiscal 2025, down 2.1% a year over 5 years.
Net income was -$15M and the operating margin -2.0%, against 5.0% in 2020.
Free cash flow was -$161,000.
The diluted share count rose 4243% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Forafric Global's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $197M | $262M | $284M | $302M | $274M | $176M |
| Cost of revenue | $156M | $219M | $255M | $273M | $247M | $158M |
| Gross profit | $40M | $42M | $29M | $29M | $27M | $18M |
| Selling, general and admin | $31M | $39M | $27M | $27M | $35M | $22M |
| Operating income | $10M | $3M | $2M | $1M | -$8M | -$4M |
| Interest expense | $7M | $10M | $13M | $14M | $13M | $14M |
| Pre-tax income | $4,000 | -$8M | -$17M | -$12M | -$22M | -$11M |
| Income tax | $143,000 | -$89,000 | -$2M | $589,000 | $2M | $1M |
| Net income | -$110,000 | -$8M | -$19M | -$13M | -$24M | -$15M |
| EPS (diluted) | -$0.22 | -$0.38 | -$0.72 | -$0.47 | — | — |
| Diluted shares | 1M | 21M | 27M | 27M | 27M | 27M |
| Gross margin | 20.6% | 16.2% | 10.3% | 9.5% | 10.0% | 10.4% |
| Operating margin | 5.0% | 1.3% | 0.8% | 0.4% | -2.8% | -2.0% |
| Net margin | -0.1% | -3.1% | -6.7% | -4.2% | -8.9% | -8.4% |
Balance sheet
Fiscal years, from Forafric Global's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $13M | $14M | $25M | $24M | $12M | $14M |
| Receivables | — | $32M | $31M | $35M | $18M | $14M |
| Inventory | — | $38M | $27M | $28M | $15M | $14M |
| Total current assets | — | $118M | $144M | $121M | $77M | $68M |
| Property, plant and equipment | — | $109M | $101M | $107M | $102M | $108M |
| Goodwill | $48M | $52M | $42M | $44M | $43M | $47M |
| Total assets | — | $300M | $307M | $309M | $246M | $247M |
| Total current liabilities | — | $203M | $238M | $254M | $207M | $208M |
| Long-term debt | — | $14M | $10M | $12M | $13M | $18M |
| Total liabilities | — | $252M | $262M | $280M | $241M | $240M |
| Shareholders' equity | $52M | $48M | $45M | $29M | $5M | $7M |
| Net debt | -$13M | $11M | -$10M | -$2M | $6M | $12M |
Cash flow
Fiscal years, from Forafric Global's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$11M | -$26M | -$58M | $33M | $23M | $356,000 |
| Capital spending | $657,000 | $5M | $4M | $9M | $2M | $517,000 |
| Free cash flow | -$12M | -$31M | -$62M | $24M | $22M | -$161,000 |
| Stock-based compensation | — | — | $125,000 | $169,000 | $522,000 | $396,000 |
| Net borrowing | $19M | $37M | $46M | — | — | — |
| Free cash flow margin | -6.2% | -11.8% | -21.8% | 7.9% | 7.9% | -0.1% |
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Open AFRI in InvestinglyQuestions
What was Forafric Global's revenue in 2025?
$176M in fiscal 2025, from its 10-K filing.
How much free cash flow does Forafric Global generate?
-$161,000 in fiscal 2025 (operating cash flow minus capital spending).
From Forafric Global's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.