Revenue Performance - Commodity sales for the three months ended September 30, 2024, were $200.9 million, an increase from $180.0 million in the same period of 2023, representing an increase of 11.0%[212] - Company restaurant sales for the three months ended September 30, 2024, were $0.5 million, down from $1.9 million in the same period of 2023, a decrease of 75.0%[212] - Franchise royalties and fees increased to $0.32 million for the three months ended September 30, 2024, compared to $0.25 million in the same period of 2023, an increase of 30.6%[212] - Commodity sales increased to $200.9 million for the three months ended September 30, 2024, up by $20.9 million or 11.6% compared to $179.975 million in 2023[231] - Company restaurant sales, net of discounts, decreased by 75.3% to $0.5 million in Q3 2024 from $1.9 million in Q3 2023, primarily due to the conversion of corporate locations to franchises[234] - Franchise royalties and fees rose to $0.3 million in Q3 2024, an increase of 31.0% from $0.2 million in Q3 2023, attributed to a higher number of Pokemoto franchises[235] - Commodity sales for the nine months ended September 30, 2024, totaled $480.7 million, a decrease of $67.2 million or 12.3% compared to $547.9 million in the same period of 2023[259] - Company restaurant sales, net of discounts, were $2.6 million for the nine months ended September 30, 2024, down $4.1 million or 60.9% from $6.7 million in 2023, primarily due to the conversion of corporate locations to franchise locations[260] - Franchise royalties and fees increased to $1.3 million for the nine months ended September 30, 2024, representing a rise of $0.6 million or 72.0% compared to $0.8 million in 2023[261] Profitability Metrics - Gross profit for the three months ended September 30, 2024, was $2.5 million, down from $2.9 million in the same period of 2023, a decrease of 15.2%[212] - EBITDA for the three months ended September 30, 2024, was $2.9 million, compared to a loss of $4.4 million in the same period of 2023, indicating a significant improvement[212] - Net income for the three months ended September 30, 2024, was $1.1 million, a significant improvement from a net loss of $5.3 million in the same period of 2023, representing a 120.7% increase[228] - Gross profit for the nine months ended September 30, 2024, was $4.6 million, a decrease of $6.0 million or 56.5% from $10.7 million in 2023, mainly due to lower sales[258] - Net income for the nine months ended September 30, 2024, was $3.1 million, compared to a net loss of $6.2 million in the same period of 2023, representing an improvement of $9.3 million[258] Cost and Expenses - Total cost of goods sold for the three months ended September 30, 2024, was $199.3 million, an increase from $179.3 million in the same period of 2023, representing an increase of 11.2%[212] - Stock-based expenses for the three months ended September 30, 2024, were $1.7 million, compared to $1.1 million in the same period of 2023, an increase of 54.5%[218] - Loss from operations for the three months ended September 30, 2024, was $3.6 million, slightly improved from a loss of $4.0 million in the same period of 2023[212] - Cost of goods sold increased to $199.3 million in Q3 2024, up by $20.0 million or 11.2% from $179.3 million in Q3 2023, driven by higher sales[238] - Depreciation and amortization expenses for Q3 2024 totaled $49.0 thousand, a decrease of $394.0 thousand or 89.0% compared to $443.0 thousand in Q3 2023[241] - Stock-based expenses increased by $638.0 thousand or 59.3%, totaling $1.7 million in Q3 2024 compared to $1.1 million in Q3 2023[245] - Sales, general and administrative expenses totaled $4.2 million in Q3 2024, an increase of $935.0 thousand or 28.2% compared to $3.3 million in Q3 2023[246] - Interest expense, net, increased significantly to $3.0 million for the nine months ended September 30, 2024, compared to $0.3 million in 2023, an increase of 827.8%[258] - Stock-based expenses for the nine months ended September 30, 2024 were $4.4 million, down $1.2 million or 21.8% from $5.7 million in 2023, primarily due to consulting fees[272] - Sales, general and administrative expenses increased by $1.6 million or 22.2% to $8.8 million for the nine months ended September 30, 2024, driven by higher consulting fees related to market expansions[273] Financial Position - Total assets as of September 30, 2024, were $171.0 million, an increase from $90.7 million as of September 30, 2023[250] - As of September 30, 2024, total current assets were $159.0 million, an increase from $112.9 million at December 31, 2023, while total current liabilities rose to $140.1 million[278] - Working capital increased to $18.9 million as of September 30, 2024, up $10.7 million from $8.3 million at December 31, 2023, reflecting improved liquidity[279] - The current ratio improved to 1.14 as of September 30, 2024, compared to 1.08 at December 31, 2023, indicating better short-term financial health[279] Other Financial Information - The company recognized $16.0 thousand in other revenues for Q3 2024, with no other revenues reported in Q3 2023, indicating new revenue streams[237] - Total other income for Q3 2024 was $4.7 million, a significant increase of $6.1 million compared to a loss of $1.3 million in Q3 2023[247] - Total other income for the nine months ended September 30, 2024 was $12.3 million, a significant increase of $12.5 million from a loss of $0.2 million in 2023, mainly due to gains on fair value remeasurement[275] - The company recognized a gain on the sale of trading securities amounting to $0.5 million for the nine months ended September 30, 2024, with no such gain reported in 2023[258] Strategic Changes - The company has initiated a transformation from a U.S.-centric restaurant business to a global Agri-foods supply-chain organization as of late 2022[207] - The company is currently evaluating the impact of ASU 2023-07 on its consolidated financial statements, which requires additional disclosures related to reportable segments[289] - The company intends to vigorously defend against a lawsuit seeking damages of $7.4 million related to a commodities transaction[295] - The company has experienced seasonal fluctuations in revenues and net income, typically lower during non-harvest seasons[291] Internal Controls and Future Considerations - There were no changes in internal control over financial reporting that materially affected the company during the three and nine months ended September 30, 2024[293] - The company may need to raise additional capital, which could dilute existing shareholders and may not be available on acceptable terms[281] - The company has no off-balance sheet arrangements that could materially affect its financial condition[292]

Financial Performance - Sadot Group reported a total revenue of $716 million for the first half of 2024, with over 1,750,275 metric tons shipped to/from 27 different countries [20]. - The company has a market capitalization of $25.7 million and a trailing twelve months (TTM) revenue of $636.4 million, resulting in a price-to-earnings (P/E) ratio of 2X compared to the sector median of 10.6X [4]. - The company generated $9.2 million in net income for the first half of 2024, reflecting a significant increase in profitability [20]. - Sadot Group Inc. reported a market cap of $19 million and projected revenue of $632 million for CY 2024 [24]. - Sadot Group's current Earnings Ratio is 2X, compared to a sector median of 10.6X [27]. Strategic Initiatives - Sadot Group is actively divesting from its legacy food service operations, including the announced sale of Superfit Foods on August 1, 2024 [11]. - The company is in the process of divesting its food service business to concentrate on its international Agri-Foods supply chain segments [28]. - In August 2024, Sadot announced the sale of Superfit Foods Meal Prep Company as part of its divestment strategy [28]. - The company is transitioning corporate-owned locations to franchise-owned locations to streamline operations [28]. - Sadot Group plans to enhance its diversification strategy by acquiring additional commodity fields over the coming year [25]. - The company is engaged in business development, exploring potential synergies and acquisitions within the industry [26]. Agricultural Operations - Sadot Group acquired approximately 5,000 acres of farmland in Zambia's Mkushi Region, expected to yield 5,000 metric tons of maize and 1,000 metric tons of premium wheat [20]. - The company plans to implement a pilot program in Zambia to support local farmers by providing seeds and fertilizers, enhancing regional agricultural productivity [20]. - Sadot Group aims to expand its farming operations into new geographies and agricultural products to manage market volatility [26]. - The company has established four trading teams globally to enhance its market reach and capitalize on growing opportunities in agri-commodities [20]. Market Context - The global agricultural export market was valued at $1.9 trillion in 2022, indicating substantial growth potential for Sadot Group's operations [6]. - The company is tapping into a rapidly growing $1.9 trillion marketplace focused on core farming [27]. Sustainability Focus - Sadot Group's mission focuses on ensuring a sustainable global food supply chain, addressing food security challenges amid a projected population growth to 9.7 billion by 2050 [8]. - The company is focusing on sustainability solutions and has initiated involvement with Carbon Credits to unlock value for shareholders [26].

Financial Data and Key Metrics Changes - Consolidated revenues increased by 9% to $175 million in Q2 2024, compared to $160.6 million in Q2 2023 [5][13] - Net income for Q2 2024 was $2.4 million, a significant increase from $190,000 in Q2 2023 [6][13] - Year-to-date cumulative net income for 2024 reached $2 million, compared to a net loss of $876,000 for the same period in 2023 [6] - EBITDA for Q2 2024 was $3.2 million, compared to $656,000 in Q2 2023 [13] - Cash balance improved to $10 million with a working capital surplus of $16.1 million, up from $1.2 million and $13.2 million respectively as of March 31, 2024 [14] Business Line Data and Key Metrics Changes - The Sadot Agri-Foods segment accounted for the majority of revenue, contributing $173.3 million in Q2 2024 [13] - The farm operations harvested over 2,500 metric tons of maize and 690 metric tons of soy in Q2 2024 [13] - Legacy restaurant operations generated $1.7 million in revenue during Q2 2024 [13] Market Data and Key Metrics Changes - Market conditions in the agri commodity sector improved in Q2 2024 following a challenging Q1 [6] - The company shifted focus to other markets due to headwinds from China, which is prioritizing domestic production [6] Company Strategy and Development Direction - The company aims to expand its operations into key supply chain verticals, including farming, origination, and trading, with long-term potential for shipping, logistics, processing, and distribution [8][9] - The formation of Sadot Brazil and Sadot Canada reflects the company's strategy to enhance its global presence and operational capabilities [9] - The divestiture of non-core restaurant assets is part of the strategic plan to focus on agri commodity origination, trading, and farming [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth strategy within the $2 trillion agri commodities market, highlighting the importance of expanding trading operations and geographic presence [5][18] - The company is positioned to capitalize on industry trends such as rising global demand for agricultural commodities and heightened emphasis on food security and sustainability [7][8] - Management noted that ongoing consolidation and diversification trends within the agri commodity sector present exciting inorganic growth opportunities [8] Other Important Information - The company reported a mark-to-market gain of approximately $3.3 million from derivative transactions in Q2 2024 [15] - The divestiture of restaurant assets is expected to reduce G&A expenses by an estimated $400,000 annually, enhancing the bottom line [24][25] Q&A Session Summary Question: What are the growth opportunities in the global agri commodity market? - The company sees significant opportunities in the nearly $2 trillion global agri commodity market and plans to expand trading operations through strategic initiatives like Sadot Brazil and Sadot Canada [18] Question: When will Brazil and Canada contribute to top-line revenue? - Brazil is building foundational relationships for future trades, while Sadot Canada is expected to begin executing trades in Q4 2024 [22] Question: What does July revenue look like? - July 2024 revenue was approximately $61 million, reflecting a 15% increase from July 2023 [22] Question: Can you provide details on the divestiture of restaurant assets? - The company is actively pursuing the divestiture of non-core restaurant assets, with the sale of SuperFit Foods completed and ongoing discussions for Muscle Maker Grill and Pokémoto [23][24]

Financial Performance - Commodity sales for the three months ended June 30, 2024, were $173.3 million, an increase from $157.6 million in the same period of 2023, representing a growth of 9.9%[173] - Gross profit for the three months ended June 30, 2024, was $2.5 million, down from $3.1 million in the same period of 2023, reflecting a decrease of 18.4%[173] - Adjusted EBITDA for the three months ended June 30, 2024, was $60, a significant decline from $1.3 million in the same period of 2023[173] - The company reported a loss from operations of $2.0 million for the three months ended June 30, 2024, compared to a loss of $360,000 in the same period of 2023[173] - Net income for the three months ended June 30, 2024, was $2.3 million, a significant increase from $190,000 in the same period of 2023, representing a growth of 1119.5%[186] - Gross profit for the six months ended June 30, 2024, was $2.2 million, a decline of 72.0% compared to $7.7 million in 2023[203] - Net income for the six months ended June 30, 2024, was $2.0 million, a significant turnaround from a net loss of $0.9 million in the same period of 2023[203] Revenue Sources - Sadot Agri-Foods accounted for 99.0% of total revenues for the three months ended June 30, 2024, compared to 98.3% in the same period of 2023[174] - Franchise royalties and fees increased to $741,000 for the three months ended June 30, 2024, compared to $238,000 in the same period of 2023, marking a growth of 211.3%[173] - Company restaurant sales, net of discounts, decreased to $992,000, down 60.1% from $2.5 million in the prior year, primarily due to the conversion of corporate locations to franchises[190] - Franchise royalties and fees increased to $1.0 million for the six months ended June 30, 2024, up $0.5 million or 91.0% from $0.5 million in 2023[210] Expenses and Costs - Stock-based expenses for the three months ended June 30, 2024, were $1.9 million, up from $1.2 million in the same period of 2023, indicating a rise of 58.3%[177] - Cost of goods sold increased to $172.5 million, up by $15.3 million or 9.7% from $157.2 million in the prior year, correlating with the rise in sales[192] - Sales, general and administrative expenses rose to $2.4 million in Q2 2024, up 36.2% from $1.8 million in Q2 2023, driven by increased consulting fees related to Latin America and Brazil market entry[197] - Stock-based expenses rose to $1.9 million, an increase of 63.5% from $1.2 million in the previous year, reflecting higher compensation costs[186] - Total other income for the six months ended June 30, 2024, was $7.5 million, an increase of $6.4 million or 584.7% compared to $1.1 million in 2023, driven by gains on fair value remeasurement and trading securities[218] Asset and Liquidity Management - Total assets as of June 30, 2024, amounted to $165.8 million, reflecting an increase from $72.3 million in 2023[203] - Total current assets increased to $153.7 million as of June 30, 2024, up from $112.9 million at December 31, 2023, primarily due to an increase in other current assets and cash[223][224] - Working capital improved to $16.1 million as of June 30, 2024, an increase of $7.9 million from $8.3 million at December 31, 2023[224] - The current ratio increased to 1.12 as of June 30, 2024, compared to 1.08 at December 31, 2023, reflecting better liquidity management[224] - Net cash provided by operating activities was $11.0 million for the six months ended June 30, 2024, compared to a use of $4.2 million in the same period of 2023[227] Strategic Initiatives - The company has initiated a transformation from a U.S.-centric restaurant business to a global Agri-foods supply chain organization since late 2022[168] - The company aims to diversify into a sustainable global agri-foods company through its subsidiaries, focusing on farming and commodity trading[169] Accounting Standards - The Company early adopted ASU 2020-06 on January 1, 2023, with no material impact noted[233] - The Company adopted ASU 2021-04 on January 1, 2022, also noting no material impact[234] - The Company is currently evaluating the impact of ASU 2023-07 on its consolidated financial statements, effective for fiscal years beginning after December 15, 2023[235] Seasonal Trends - The farming industry experiences seasonal fluctuations, with lower sales and net income during non-harvest seasons and higher during harvest seasons[236] Off-Balance Sheet Arrangements - The Company has no off-balance sheet arrangements that materially affect its financial condition or results of operations[237]

Financial Data and Key Metrics Changes - The company reported Q1 2024 revenues of $108 million, resulting in a net loss of approximately $265,000, a significant improvement compared to a net loss of approximately $1.1 million for Q1 2023 [51][58]. - EBITDA improved to a gain of $458,000, marking a positive shift from a $433,000 EBITDA loss in the first quarter of 2023 [45][58]. - Total assets decreased by $27.6 million from December 31, 2023, primarily due to the timing of payments on accounts receivable and corresponding accounts payable related to trade [62]. Business Line Data and Key Metrics Changes - Sadot Agri-Foods contributed $106.5 million in revenue in Q1 2024, completing 24 transactions across 14 different countries [59]. - Sadot Food Services operations generated $1.4 million in revenue for Q1 2024, down from $2.6 million in Q1 2023, mainly due to the conversion of certain corporate-owned locations to franchise locations [85]. Market Data and Key Metrics Changes - The company faced challenges due to a significant decrease in demand from China, which impacted overall revenue and commodity prices [77][94]. - April 2024 revenue showed improvement at $56 million, indicating a rebound from previous months [69][78]. Company Strategy and Development Direction - The company is focusing on expanding into additional trading markets and types of commodities, with recent formations of global trading entities in Brazil and Latin America [4][79]. - The divestiture of the restaurant services division is seen as a crucial step to bring in fresh capital and reduce corporate overhead, allowing the company to concentrate on its agribusiness model [71][91]. Management's Comments on Operating Environment and Future Outlook - Management noted that the challenges faced in Q1 were largely due to external factors, including China's absence in the wheat market and overall softness in agri-commodity prices [77][96]. - There is optimism regarding a return to historical trading patterns, with expectations of increased revenues in Q2 and Q3 as market conditions improve [69][95]. Other Important Information - The company has secured approximately $27 million in trade financing, which is expected to enhance its ability to pursue more agri-commodity trading opportunities [56][57]. - The company is actively exploring strategic partnerships and potential acquisitions to drive growth and investor confidence [6]. Q&A Session Summary Question: Why did revenue decrease by roughly 50% in Q1 2024 versus Q1 of 2023? - The decrease was attributed to flooding in China that reduced domestic production, leading to a shift in demand for high-quality grains from other countries [68]. Question: How will the restaurant sale impact the Company? - The divestiture is expected to bring in fresh capital and reduce corporate overhead, aiding in the focus on the agribusiness model [71]. Question: What are the terms of the sale of Pokemoto and SuperFit Foods? - The terms are currently under negotiation and subject to due diligence [53]. Question: Why is the Company doing farming, and what is the strategic advantage? - Farming provides a stable supply of raw materials, reduces dependency on external suppliers, and mitigates supply chain risks, aligning with the company's basket trading approach [9][99].

Exhibit 99.1 Fort Worth, Texas, May 15, 2024 (ACCESSWIRE) —– Sadot Group Inc. (Nasdaq: SDOT) (the "Sadot Group" or the "Company"), an emerging player in the global food supply chain sector, today announced its first quarter results ending March 31, 2024. Chief Executive Officer Michael Roper and Chief Financial Officer Jennifer Black will host a conference call at 4:30 PM Eastern Daylight Time on Thursday, May 16, 2024, to discuss the results. All interested parties are invited to join this call. The Q1 202 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, $0.0001 par value | SDOT | The NASDAQ Capital Market | ☐ TRANSITION REPORT PURSUANT TO SE ...

Exhibit 99.1 Sadot Group Inc. Reports Full Year 2023 Results 2023 Revenue Rises to $726.7 million from $161.7 million in 2022 Adjusted EBITDA Rises to $0.1 million vs. $2.0 million loss Year over Year Engages Third Party to Explore the Potential Divestment of its Restaurant and Food Prep Assets Fort Worth, Texas, March 20, 2024 (ACCESSWIRE) – Sadot Group Inc. (Nasdaq: SDOT) (the "Sadot Group" or the "Company"), an emerging player in the global food supply chain sector, today announced that it disclosed its ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39223 Sadot Group, Inc. (Exact name of registrant as specified in its charter) | Nevada | 47-2555533 | | --- | --- | | (State or other jurisdiction | (I.R.S. Employer ...

Sadot Group, Inc. (NASDAQ:SDOT) Q3 2023 Earnings Conference Call November 15, 2023 11:00 AM ET Company Participants Frank Pogubila - Investor Relations Michael Roper - CEO Jennifer Black - CFO Kevin Mohan - Chairman Benjamin Petel - Managing Member Conference Call Participants Remington Smith - Alliance Global Partners Thomas Kerr - Zacks Frank Pogubila Welcome everyone to Sadot Group Inc.'s Third Quarter 2023 Earnings Call and Webcast. Before we get started, we would like to state that this call may includ ...