Sadot Group, Inc. Reports Third Quarter 2025 Results
BURLESON, TX / ACCESS Newswire / November 19, 2025 / Sadot Group Inc. (Nasdaq:SDOT) ("Sadot Group", "Sadot" or the "Company"), today announced its financial results for the third quarter ended September 30, 2025. The quarterly financial statements for the three and nine months ended September 30, 2025, are available on the "investors" section of the Company's website (www.sadotgroupinc.com/sec-filings) and can also be found on www.sec.gov.
Third Quarter 2025 Financial Highlights
Consolidated revenues of $0.3 million
Net loss attributable to Sadot Group Inc. of $(15.2) million
Negative EBITDA of $(14.3) million
Dilutive EPS loss of $(17.42)
Working capital deficit of $1.5 million
Strategic and Operational Highlights
Chagay Ravid joined as CEO on May 28, 2025
Paul Sansom joined as CFO on August 1, 2025
Strategic investment in an Indonesian carbon project. Company acquired a 37.5% equity stake in the Special Development Group (SDG), which is a local Indonesian entity holding full project rights in formal partnership with 11 indigenous coastal communities across the Riau archipelago in Indonesia. The project focuses on the restoration and long-term protection of peatland and mangrove ecosystems. SDG has advised that this carbon project initiative is expected to generate between 1.1 and 1.2 million high-integrity carbon credits in its first issuance cycle.
Company regained compliance with the Nasdaq bid price requirement on October 10, 2025.
New Board of Directors named on October 29, 2025.
Overall
Chagay Ravid, Sadot's CEO, described Q3 as follows, "In Q3, 2025, Sadot Group's largest operating unit, Sadot LLC, encountered significant issues with collecting on certain receivables. This limited Sadot's ability to enter into commodity-based credit trades." Chagay further stated, "the Company began implementing cost cutting measures across the board, concurrently with its aim to monetize assets including that of the restaurant operating unit."
Sadot Group established a new Board of Directors on October 29, 2025 to review the core business model. The new Board of Directors, given the geo-political risks as well as climate risks the Company is facing in certain countries, will consider whether the agri-food supply chain is a strategic initiative it wishes to focus on, or whether it will consider other proposals. The credit facilities and financing commitments will provide the Board the opportunity to review the current business model.
All numbers disclosed in this report are the amounts attributable to Sadot Group Inc. and exclude the portion related to the non-controlling interests. All share based numbers are reverse split adjusted.
About Sadot Group Inc.
Sadot Group is headquartered in Burleson, Texas with subsidiary operations throughout the world. For more information, please visit www.sadotgroupinc.com.
Sadot Group, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
September 30, 2025
December 31, 2024
$'000
$'000
581
1,786
29,054
18,014
154
717
5,016
5,196
12,864
126,966
47,669
152,679
11,743
11,820
13,551
155
72,963
164,654
35,432
28,019
11,540
7,390
-
2,251
2,142
2,333
26
92,177
49,140
132,170
47
-
92
111
49,279
132,281
1
1
117,931
112,406
(97,121
)
(83,187
)
(85
)
(27
)
20,726
29,193
2,958
3,180
23,684
32,373
72,963
164,654
Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss)
(Unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2025
2024
2025
2024
$'000
$'000
$'000
$'000
272
200,906
246,778
480,706
17
-
69
-
(6,630
)
(193,247
)
(242,189
)
(464,448
)
(6,341
)
7,659
4,658
16,258
(22
)
(49
)
(76
)
(232
)
(584
)
(1,713
)
(2,431
)
(4,430
)
(7,388
)
(3,424
)
(13,240
)
(6,518
)
(14,335
)
2,473
(11,089
)
5,078
-
-
-
-
(887
)
(1,712
)
(3,665
)
(2,948
)
-
1,001
778
2,691
-
-
(192
)
-
(15,222
)
1,762
(14,168
)
4,821
(2
)
(3
)
(2
)
(9
)
(15,224
)
1,759
(14,170
)
4,812
(38
)
(665
)
14
(1,713
)
(38
)
(665
)
14
(1,713
)
(15,262
)
1,094
(14,156
)
3,099
73
69
294
169
(15,189
)
1,163
(13,862
)
3,268
(17.38
)
3.89
(21.04
)
11.23
(17.38
)
3.65
(21.04
)
10.58
(0.04
)
(1.42
)
0.02
(3.86
)
(0.04
)
(1.33
)
0.02
(3.64
)
871,759
469,335
659,565
443,607
871,759
501,134
659,565
470,796
Sadot Group, Inc.
Condensed Consolidated Statement of Operations and Other Comprehensive Income/ (Loss) (Continued)
(Unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2025
2024
2025
2024
$'000
$'000
$'000
$'000
(15,262
)
1,094
(14,156
)
3,099
(1
)
(4
)
(58
)
(1
)
-
(1
)
-
(187
)
(1
)
(5
)
(58
)
(188
)
(15,263
)
1,089
(14,214
)
2,911
73
69
294
169
(15,190
)
1,158
(13,920
)
3,080
Sadot Group, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited)
Nine Months Ended September 30,
2025
2024
$'000
$'000
(14,156
)
3,099
76
232
1,730
-
2,431
4,430
(778
)
(2,691
)
5,355
1,200
192
-
(16,394
)
13,507
563
1,301
113,996
(58,770
)
(13,413
)
46,323
7,574
(9,682
)
-
47,714
(92,154
)
(46,048
)
-
2
(2,251
)
734
6,927
(1,748
)
(7,229
)
1,351
(11
)
(573
)
-
(13
)
-
12
-
(1
)
-
1,017
12,062
4,125
2,425
-
(8,394
)
(6,197
)
6,093
(2,072
)
-
(113
)
(58
)
(1
)
(1,205
)
(392
)
1,786
1,354
581
962
Reconciliations of EBITDA and Other Non-GAAP Measures
EBITDA and EBITDA Margin are non-GAAP measures. The Company defines EBITDA as Net loss, adjusted for depreciation, amortization, interest income / (expense), and income taxes. The Company believes that EBITDA and EBITDA Margin, (collectively, the "Non-GAAP Measures") are useful metrics for investors to understand and evaluate its operating results and ongoing profitability because they permit investors to evaluate its recurring profitability from its ongoing operating activities.
EBITDA and EBITDA Margin, have certain limitations, and you should not consider them in isolation or as a substitute for analysis of its results of operations as reported under U.S. GAAP. The Company cautions investors that amounts presented in accordance with its definitions of any of the Non-GAAP Measures may not be comparable to similar measures disclosed by other issuers, because some issuers calculate certain of the Non-GAAP Measures differently or not at all, limiting their usefulness as direct comparative measures.
The following table presents a reconciliation of EBITDA from the most comparable U.S. GAAP measure, Net loss, and the calculations of the Net loss margin and EBITDA Margin for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30,
Nine Months Ended September 30,
2025
2024
2025
2024
$'000
$'000
$'000
$'000
(15,262
)
1,094
(14,156
)
3,099
22
49
76
232
887
1,712
3,665
2,948
2
3
2
9
(14,351
)
2,858
(10,413
)
6,288
73
69
294
169
(14,278
)
2,927
(10,119
)
6,457
(6,341
)
7,659
4,658
16,258
(6,268
)
7,728
4,952
16,427
(5281.0)
%
0.5
%
(5.7)
%
0.6
%
(4940.5)
%
1.5
%
(4.1)
%
1.3
%
Forward-Looking Statements
This press release may include "forward-looking statements" pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products, or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as "should", "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in documents that we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Sadot Group, Inc., does not undertake any duty to update any forward-looking statements except as may be required by law.
Investor Relations:
Email - IR@sadotco.com
SOURCE: Sadot Group Inc.