Sadot Group (SDOT) investor relations material

Executive summary

• Completed transformation from a U.S.-centric restaurant business to a global agri-foods supply chain company, with the sale of restaurant assets and focus on Sadot Agri-Foods as the sole operating unit as of December 31, 2025.

• Faced severe operational disruptions in agri-foods, including supply chain delays, legal disputes, and market volatility, resulting in halted trading activities and inability to fulfill contracts.

• Significant legal and regulatory setbacks, including loss of Zambian farmland and multiple ongoing litigations, led to major asset impairments and increased risk profile.

• Management is actively seeking alternative business lines and additional capital to address liquidity constraints and ensure business continuity.

Financial highlights

• Revenue for 2025 was $246.9 million, down 64.8% from $700.9 million in 2024, primarily due to a sharp decline in commodity sales and market seasonality.

• Gross profit fell to $4.6 million from $22.7 million year-over-year, reflecting lower sales and higher bad debt expense.

• Net loss attributable to shareholders was $93.4 million in 2025, compared to net income of $4.0 million in 2024.

• Major non-recurring charges included $31.0 million in asset impairments, $13.5 million in litigation losses, and $3.6 million in debt extinguishment losses.

• Working capital deficit of $54.8 million at year-end 2025, compared to positive working capital of $20.5 million at year-end 2024.

Outlook and guidance

• Management expresses substantial doubt about the company’s ability to continue as a going concern without additional capital.

• Plans to raise capital through equity, debt, or strategic transactions, but acknowledges uncertainty regarding success and potential for significant shareholder dilution.

• Exploring mergers or acquisitions in non-volatile, cash-generating sectors to stabilize operations.