Sadot Group Inc. Reports Second Quarter 2024 Results

FORT WORTH, TX / ACCESSWIRE / August 13, 2024 / Sadot Group Inc. (NASDAQ:SDOT), an emerging player in the global food supply chain sector, announced its financial results for the second quarter ending June 30, 2024.

Q2 2024 highlights include consolidated revenues of $175 million, up 9% from the previous year. Net income reached $2.4 million, the highest in company history, compared to $0.2 million last year. EBITDA rose to $3.2 million from $0.7 million.

Cash balance improved significantly to $10 million, up from $1.4 million at the end of 2023. The working capital surplus was $16.1 million, compared to $8.3 million at the end of 2023.

Strategically, Sadot completed 21 transactions totaling over 525,000 metric tons of agri-commodities across eight countries. Additionally, it shipped 2,500 metric tons of maize and 690 metric tons of soya from Zambia.

Sadot also established a wholly-owned subsidiary in Canada and finalized the sale of Superfit Foods. The divestiture of other non-core restaurant assets is ongoing.