Company research
Forafric Global PLC
CIK 1903870Updated Sep 25, 2026
Name history
Globis NV Merger Corp. · through Jun 9, 2022
AFRI price & chart
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Recent filings
Financials
FY 2025 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 246,934,000Source | 246,078,000Source | 309,450,000Source | 307,164,000Source |
| Property, Plant and Equipment, NetUSD | 107,747,000Source | 101,645,000Source | 116,920,000Source | 100,527,000Source |
| GoodwillUSD | 46,559,000Source | 42,886,000Source | 48,488,000Source | 45,898,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 5,157,000Source | 4,404,000Source | 4,648,000Source | 3,723,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 14,309,000Source | 12,231,000Source | 24,021,000Source | 24,827,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 13,963,000Source | 17,977,000Source | 34,716,000Source | 30,858,000Source |
| Inventory, NetUSD | 14,078,000Source | 15,224,000Source | 28,378,000Source | 27,218,000Source |
| Assets, CurrentUSD | 68,182,000Source | 77,385,000Source | 121,242,000Source | 143,572,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 9,242,000Source | 11,480,000Source | 15,654,000Source | 16,345,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,624,000Source | 6,931,000Source | 3,377,000Source | 1,816,000Source |
| Other Assets, NoncurrentUSD | 2,962,000Source | 3,575,000Source | 4,767,000Source | 3,014,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 240,277,000Source | 240,762,000Source | 280,244,000Source | 262,209,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 27,000Source | 27,000Source | — | — |
| Additional Paid in CapitalUSD | 152,041,000Source | 143,649,000Source | 143,127,000Source | 143,658,000Source |
| Retained Earnings (Accumulated Deficit)USD | -154,569,000Source | -139,679,000Source | -115,354,000Source | -102,678,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -6,188,000Source | -5,670,000Source | -5,005,000Source | -2,984,000Source |
| Liabilities and EquityUSD | 246,934,000Source | 246,078,000Source | 309,450,000Source | 307,164,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 207,591,000Source | 207,270,000Source | 253,259,000Source | 238,181,000Source |
| Operating Lease, Liability, CurrentUSD | 713,000Source | 635,000Source | 625,000Source | 621,000Source |
| Accounts Payable, CurrentUSD | 41,164,000Source | 35,308,000Source | 46,461,000Source | 27,295,000Source |
| Operating Lease, Liability, NoncurrentUSD | 5,515,000Source | 5,893,000Source | 2,191,000Source | 665,000Source |
| Deferred Income Tax Liabilities, NetUSD | 10,276,000Source | 9,569,000Source | 10,982,000Source | 12,399,000Source |
| Other Liabilities, NoncurrentUSD | 2,607,000Source | 3,092,000Source | 2,676,000Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 15,346,000Source | 6,989,000Source | 6,411,000Source | 6,902,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 23,734,000Source | 22,594,000Source | 18,115,000Source | 18,974,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 8,766,000Source | 4,635,000Source | 10,471,000Source | 5,417,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 17,628,000Source | 13,116,000Source | 11,841,000Source | 9,828,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -13,790,000Source | -23,355,000Source | -12,508,000Source | -19,170,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 396,000Source | 522,000Source | 169,000Source | 125,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -3,745,000Source | -8,852,000Source | 2,300,000Source | 4,646,000Source |
| Increase (Decrease) in InventoriesUSD | -596,000Source | -10,129,000Source | -447,000Source | -6,330,000Source |
| Increase (Decrease) in Accounts PayableUSD | 3,513,000Source | -10,942,000Source | 15,731,000Source | 5,252,000Source |
| Deferred Income Tax Expense (Benefit)USD | -314,000Source | -581,000Source | -2,093,000Source | -4,286,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 356,000Source | 23,466,000Source | 33,326,000Source | -57,569,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 37,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 7,275,000Source | -2,061,000Source | -9,837,000Source | -4,030,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 517,000Source | 1,776,000Source | 9,528,000Source | 4,533,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -6,118,000Source | -33,188,000Source | -21,182,000Source | 74,991,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 9,860,000Source | — | — | — |
| Repayments of Long-term DebtUSD | — | — | — | 146,949,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,078,000Source | -11,790,000Source | -806,000Source | 10,434,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 14,309,000Source | 12,231,000Source | 24,021,000Source | 24,827,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 13,236,000Source | 13,079,000Source | 15,750,000Source | 11,343,000Source |
| Income Taxes Paid, NetUSD | 1,102,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 565,000Source | -7,000Source | -3,113,000Source | -2,958,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 1,000Source | 65,000Source | 129,000Source | — |
| Amortization of Intangible AssetsUSD | 464,000Source | 352,000Source | 260,000Source | 143,000Source |
| DepreciationUSD | 4,793,000Source | 4,338,000Source | 4,763,000Source | 4,993,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -222,000Source | 1,442,000Source | 25,000Source | 4,733,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,619,000Source | -33,000Source | 207,000Source | -10,369,000Source |
| GoodwillUSD | 46,559,000Source | 42,886,000Source | 48,488,000Source | 45,898,000Source |
| Goodwill, Impairment LossUSD | 1,020,000Source | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -12,105,000Source | -23,333,000Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -1,685,000Source | -22,000Source | — | — |
| Income Tax Expense (Benefit)USD | 1,383,000Source | 1,651,000Source | -106,000Source | -2,058,000Source |
| InterestExpenseNonoperatingUSD | 14,319,000Source | 12,815,000Source | — | — |
| Investment Income, InterestUSD | 52,000Source | 31,000Source | 37,000Source | 34,000Source |
| Net Income (Loss) Attributable to ParentUSD | -14,890,000Source | -24,325,000Source | -12,676,000Source | -19,128,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,100,000Source | 970,000Source | 168,000Source | -42,000Source |
| Nonoperating Income (Expense)USD | -7,167,000Source | -13,921,000Source | -13,747,000Source | -19,806,000Source |
| Operating ExpensesUSD | 21,952,000Source | 35,093,000Source | 29,465,000Source | 30,795,000Source |
| Operating Lease, ExpenseUSD | — | 420,000Source | 420,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 176,488,000Source | 274,223,000Source | 305,476,000Source | 289,772,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 21,952,000Source | 35,093,000Source | 29,465,000Source | 30,795,000Source |
| Operating Income (Loss)USD | -3,555,000Source | -7,761,000Source | 1,133,000Source | -1,422,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,722,000Source | -21,682,000Source | -12,614,000Source | -21,228,000Source |
| Income Tax Expense (Benefit)USD | 1,383,000Source | 1,651,000Source | -106,000Source | -2,058,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,100,000Source | 970,000Source | 168,000Source | -42,000Source |
| Net Income (Loss) Attributable to ParentUSD | -14,890,000Source | -24,325,000Source | -12,676,000Source | -19,128,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.47Source | -0.72Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.47Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 26,902,820Source | 26,884,238Source | 26,879,159Source | 26,604,710Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 26,902,820Source | 26,884,238Source | 26,879,159Source | — |
| Interest Expense (non-operating)USD | 14,319,000Source | 12,815,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 464,000Source | 352,000Source | 260,000Source | 143,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,619,000Source | -33,000Source | 207,000Source | -10,369,000Source |
| Goodwill, Impairment LossUSD | 1,020,000Source | — | — | — |
| Gross ProfitUSD | 18,397,000Source | 27,332,000Source | 30,598,000Source | 29,373,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -12,105,000Source | -23,333,000Source | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.45Source | -0.87Source | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.45Source | -0.87Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -1,685,000Source | -22,000Source | — | — |
| Interest ExpenseUSD | — | — | 14,016,000Source | 12,513,000Source |
| Investment Income, InterestUSD | 52,000Source | 31,000Source | 37,000Source | 34,000Source |
| Nonoperating Income (Expense)USD | -7,167,000Source | -13,921,000Source | -13,747,000Source | -19,806,000Source |
| Operating ExpensesUSD | 21,952,000Source | 35,093,000Source | 29,465,000Source | 30,795,000Source |
| Operating Lease, ExpenseUSD | — | 420,000Source | 420,000Source | — |