Forafric Global PLC (AFRI) Income Statement
AFRI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAFRI revenue and net income
Where AFRI's revenue goes
2025Each bar shows an amount and its share of revenue. AFRI kept −8.4% of revenue as net income.
AFRI profit margins
AFRI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −35.6% | −15.2% | −2.1% | — |
| Gross profit | −34.4% | −15.0% | −15.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AFRI quarterly EPS vs estimates
Forafric Global beat the analyst EPS estimate in 0 of the last 1 quarters.
AFRI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $176.5M | $274.2M | $305.5M | $289.8M | $261.7M | $196.6M | $183.2M |
| Cost of revenue | $158.6M | $246.9M | $275.1M | $260.4M | $219.3M | $156.2M | $147.5M |
| Gross profit | $17.9M | $27.3M | $30.4M | $29.2M | $42.4M | $40.4M | $35.7M |
| Sales, general & admin | $22.0M | $35.1M | $29.5M | $30.8M | $39.0M | $30.5M | $31.7M |
| Total operating expenses | $20.5M | $35.1M | $29.3M | $26.9M | $39.0M | $30.5M | $31.7M |
| Operating income | −$2.5M | −$7.8M | $1.1M | $2.3M | $3.4M | $9.9M | $4.0M |
| Interest income | $52,000 | $31,000 | $37,000 | $34,000 | $543,000 | $3,000 | $5,000 |
| Interest expense | $14.3M | $12.8M | $14.0M | $12.5M | $10.4M | $6.8M | $9.4M |
| Income before taxes | −$10.7M | −$21.7M | −$12.6M | −$17.0M | −$7.9M | $4,000 | −$5.6M |
| Income taxes | $1.4M | $1.7M | −$106,000 | −$1.8M | −$89,000 | $143,000 | $2.5M |
| Net income | −$14.9M | −$24.3M | −$12.7M | −$19.2M | −$8.0M | −$110,000 | −$8.1M |
| EBITDA | $4.0M | −$2.8M | $7.2M | −$2.1M | $7.7M | $13.7M | $8.9M |
| EPS (diluted) | −$0.55 | −$0.92 | −$0.47 | −$0.71 | −$0.17 | −$0.01 | — |
| Gross margin | 10.2% | 10.0% | 10.0% | 10.1% | 16.2% | 20.6% | 19.5% |
| Operating margin | −1.4% | −2.8% | 0.4% | 0.8% | 1.3% | 5.0% | 2.2% |
| Net margin | −8.4% | −8.9% | −4.1% | −6.6% | −3.1% | −0.1% | −4.4% |
| Mar '26 | Sep '25 | Mar '25 | Dec '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.6M | $44.6M | $43.7M | $82.6M | $82.6M | $79.9M | $72.8M | $72.8M | $67.4M | $155.0M | $89.1M | $76.2M |
| Cost of revenue | $39.6M | $39.6M | $39.4M | $73.3M | $73.3M | $71.5M | $66.0M | $66.0M | $60.3M | $139.3M | $79.6M | $62.1M |
| Gross profit | $4.9M | $4.9M | $4.3M | $9.4M | $9.4M | $8.5M | $6.8M | $6.8M | $7.1M | $15.7M | $9.5M | $14.1M |
| Sales, general & admin | — | — | — | — | — | — | — | — | — | — | $8.9M | — |
| Total operating expenses | $5.2M | $5.2M | $5.8M | $11.2M | $11.2M | $7.1M | $7.5M | $7.6M | $10.6M | $15.3M | $8.9M | $1.1M |
| Operating income | −$266,500 | −$266,500 | −$1.5M | −$1.8M | −$1.8M | $1.3M | −$688,500 | −$688,500 | −$918,500 | $415,000 | $609,000 | −$1.1M |
| Interest income | — | — | — | — | — | — | — | — | — | — | $0 | — |
| Interest expense | $3.7M | $3.7M | — | $3.5M | $3.5M | $3.8M | $3.2M | $3.2M | — | — | $2.6M | — |
| Income before taxes | −$1.1M | −$1.1M | −$4.2M | −$5.2M | −$5.2M | −$2.3M | −$4.0M | −$4.0M | −$7.2M | −$6.8M | −$86,171 | −$1.1M |
| Income taxes | $142,000 | $142,000 | $549,500 | $848,000 | $848,000 | $376,000 | $323,000 | $323,000 | $1.8M | $1.6M | $970,000 | $742,000 |
| Net income | −$2.0M | −$2.0M | −$5.4M | −$6.4M | −$6.4M | −$2.0M | −$4.3M | −$4.3M | −$5.4M | −$8.2M | −$3.5M | −$1.1M |
| EBITDA | $1.2M | $1.5M | −$349,000 | $2.0M | $2.0M | $2.7M | $350,000 | $350,000 | $529,500 | $893,000 | $1.5M | $771,000 |
| EPS (diluted) | — | — | — | −$0.47 | — | — | — | — | — | −$0.38 | −$0.07 | −$0.07 |
| Gross margin | 11.1% | 11.1% | 9.7% | 11.3% | 11.3% | 10.6% | 9.4% | 9.4% | 10.6% | 10.1% | 10.7% | 18.5% |
| Operating margin | −0.6% | −0.6% | −3.5% | −2.2% | −2.2% | 1.6% | −0.9% | −0.9% | −1.4% | 0.3% | 0.7% | −1.4% |
| Net margin | −4.5% | −4.5% | −12.5% | −7.7% | −7.7% | −2.5% | −5.9% | −5.9% | −8.1% | −5.3% | −3.9% | −1.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AFRI's financial statements (latest annual report filed May 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AFRI financial results
In fiscal year 2025 (ended December 31, 2025), Forafric Global reported revenue of $176.5 million, down 35.6% from the year before. It had a net loss of $14.9 million, a net profit margin of −8.4%. Diluted earnings per share came to −$0.55. Over five years revenue grew at an average rate of −2.1% a year.
See the AFRI stock overview for the latest quote and news, or the AFRI chart for price history and technical indicators.
AFRI income statement FAQ
What is Forafric Global's annual revenue?
Forafric Global reported total revenue of $176.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 35.6% from $274.2 million the previous year.
Is Forafric Global profitable?
No. Forafric Global reported a net loss of $14.9 million in fiscal 2025, a net profit margin of −8.4%; its operating margin was −1.4%.
What is Forafric Global's gross margin?
Forafric Global's gross margin was 10.2% in fiscal 2025: for every $100 of revenue, Forafric Global kept $10 after the direct cost of its products and services.
How fast is Forafric Global growing?
Revenue grew −2.1% a year on average over the last five fiscal years, from $196.6 million to $176.5 million.
What are Forafric Global's earnings per share?
Forafric Global earned $-0.55 per diluted share in fiscal 2025, compared with $-0.92 a year earlier.
When does Forafric Global's fiscal year end?
Forafric Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 15, 2026.