Forafric Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	325.1	305.48	289.77	261.68	196.6	183.21
Revenue Growth (YoY)	15.94%	5.42%	10.74%	33.11%	7.31%	-
Cost of Revenue	289.43	274.88	260.4	219.31	156.19	147.5
Gross Profit	35.67	30.6	29.37	42.37	40.41	35.71
Selling, General & Admin	31.85	29.47	30.8	38.98	30.52	31.73
Operating Expenses	31.85	29.47	30.8	38.98	30.52	31.73
Operating Income	3.82	1.13	-1.42	3.39	9.89	3.98
Interest Expense	-14.46	-14.02	-12.51	-10.36	-6.85	-9.43
Interest & Investment Income	-	0.04	0.03	0.54	0	0.01
Currency Exchange Gain (Loss)	-0.79	0.21	-10.37	-1.44	-3.04	-0.14
Other Non Operating Income (Expenses)	-	-	-1.69	-	-	-
EBT Excluding Unusual Items	-11.43	-12.64	-25.96	-7.87	0	-5.59
Other Unusual Items	1.32	0.03	4.73	-	-	-
Pretax Income	-15.04	-12.61	-21.23	-7.87	0	-5.59
Income Tax Expense	0.94	-0.11	-2.06	-0.09	0.14	2.51
Earnings From Continuing Operations	-15.98	-12.51	-19.17	-7.78	-0.14	-8.1
Minority Interest in Earnings	-0.83	-0.17	0.04	-0.2	0.03	-
Net Income	-16.81	-12.68	-19.13	-7.98	-0.11	-8.1
Net Income to Common	-16.81	-12.68	-19.13	-7.98	-0.11	-8.1
Shares Outstanding (Basic)	27	27	27	21	1	-
Shares Outstanding (Diluted)	27	27	27	21	1	-
Shares Change (YoY)	-8.14%	1.03%	29.43%	3218.18%	-	-
EPS (Basic)	-0.63	-0.47	-0.72	-0.39	-0.18	-
EPS (Diluted)	-0.63	-0.47	-0.72	-0.39	-0.18	-
Free Cash Flow	30.25	23.8	-62.1	-30.88	-12.14	-2.72
Free Cash Flow Per Share	1.13	0.89	-2.33	-1.50	-19.59	-
Gross Margin	10.97%	10.02%	10.14%	16.19%	20.55%	19.49%
Operating Margin	1.18%	0.37%	-0.49%	1.29%	5.03%	2.17%
Profit Margin	-5.17%	-4.15%	-6.60%	-3.05%	-0.06%	-4.42%
Free Cash Flow Margin	9.31%	7.79%	-21.43%	-11.80%	-6.17%	-1.49%
EBITDA	9.05	6.16	3.71	7.42	13.68	7.86
EBITDA Margin	2.78%	2.02%	1.28%	2.84%	6.96%	4.29%
D&A For EBITDA	5.23	5.02	5.14	4.04	3.79	3.88
EBIT	3.82	1.13	-1.42	3.39	9.89	3.98
EBIT Margin	1.18%	0.37%	-0.49%	1.29%	5.03%	2.17%
Effective Tax Rate	-	-	-	-	3575.00%	-

Updated Jan 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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