Financial Performance - Q4 2024 net income increased to $0.7 million, compared to a net loss of $1.9 million in the prior year period [4] - FY 2024 net income reached $4.0 million, a significant improvement from a net loss of $7.8 million in FY 2023 [4] - Net income for 2024 was $3,736,000 compared to a net loss of $8,042,000 in 2023 [22] - The company reported a diluted EPS of $0.86 for FY 2024, compared to a diluted EPS loss of $2.24 in 2023 [4] - Net income margin attributable to Sadot Group Inc. improved to 0.5% in 2024 from a loss margin of (1.1)% in 2023 [22] EBITDA and Revenue - FY 2024 EBITDA rose to $8.9 million, compared to a loss of $6.2 million in the prior year [4] - EBITDA for 2024 was $8,647,000, a significant improvement from a negative EBITDA of $6,446,000 in 2023 [22] - EBITDA margin attributable to Sadot Group Inc. increased to 1.3% in 2024 from (0.9)% in 2023 [22] - Consolidated revenue for FY 2024 was $700.9 million, down from $717.5 million in FY 2023 [15] Operational Changes - The company converted all owned locations to franchise operations, resulting in operational savings [5] - Sadot Group launched operations in Canada and entered the pet food ingredient market in 2024 [5][6] - The company completed 144 transactions of over 1.7 million metric tons of agri-commodities across 33 countries in 2024 [5] Leadership and Management - Catia Jorge was appointed CEO, bringing extensive experience from Cargill and Olam to lead the company's growth [5] Assets and Expenses - Total current assets increased to $152.7 million in FY 2024 from $112.9 million in FY 2023 [13] - Depreciation and amortization expenses decreased to $259,000 in 2024 from $1,143,000 in 2023 [22] - Interest expense, net rose significantly to $4,649,000 in 2024 from $468,000 in 2023 [22] Future Outlook - The company anticipates future growth but acknowledges risks and uncertainties that may affect actual results [23] - Forward-looking statements are based on reasonable assumptions but are subject to various risks [23] Investor Relations - Investor relations contact is available at IR@sadotco.com [24]
Sadot (SDOT) - 2024 Q4 - Annual Results