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Forafric Global PLC(AFRI)Earnings, Financials & Key Ratios
AFRI•NASDAQ
$10.18
$274M mkt cap·Price updated May 6, 2026
AboutForafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco and Sub-Saharan Africa. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands. It serves wholesale foods manufacturers and distributors The company also exports its products to approximately 45 countries. Forafric Global PLC is headquartered in Gibraltar.Show more
- Revenue$274M-10.2%
- EBITDA-$2M-123.8%
- Net Income-$24M-91.9%
- EPS (Diluted)-0.90-91.5%
- Gross Margin9.97%
- EBITDA Margin-0.63%-126.5%
- Operating Margin-2.83%-863.1%
- Net Margin-8.87%-113.8%
- ROE-140.92%-312.2%
- ROIC-3.21%-903.0%
- Debt/Equity31.22+358.7%
- Interest Coverage-0.61-849.2%
AFRI Key Insights
Forafric Global PLC (AFRI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Efficient asset utilization: 1.1x turnover
✗Weaknesses
- ✗High debt to equity ratio of 31.2x
- ✗Expensive at 51.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AFRI Price & Volume
Forafric Global PLC (AFRI) stock price & volume — 10-year historical chart
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AFRI Growth Metrics
Forafric Global PLC (AFRI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years8.4%
3 Years1.57%
TTM15.94%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM13.82%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM4.42%
Return on Capital
10 Years1.27%
5 Years0.62%
3 Years-3.93%
Last Year-16.34%
AFRI Peer Comparison
Forafric Global PLC (AFRI) competitors in Grain Merchandising and Processing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLWS | 145.4M | 3.93 | -1.26 | -7.96% | -13.41% | -73.37% | 1.01 | |
 INGR | 6.71B | 106.37 | 9.51 | -2.84% | 10.1% | 17.14% | 0.41 | |
 SMPL | 1.26B | 12.63 | 12.38 | 8.98% | 6.26% | 5.23% | 0.17 | |
 HAIN | 84.84M | 0.75 | -0.13 | -10.17% | -36.12% | -164.68% | 1.64 | |
 ANDE | 2.32B | 68.23 | 24.37 | -2.21% | 1.17% | 9.47% | 0.81 | |
 ADM | 37.6B | 78.02 | 34.99 | -6.15% | 1.34% | 4.72% | 0.37 | |
 BG | 24.46B | 126.05 | 25.62 | 32.42% | 0.85% | 4.28% | 0.97 | |
 CALM | 3.62B | 76.05 | 3.05 | 83.19% | 27.37% | 42.74% |
Compare AFRI vs Peers
Forafric Global PLC (AFRI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AFRI Income Statement
Forafric Global PLC (AFRI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 183.21M | 196.6M | 261.68M | 289.77M | 305.48M | 274.22M | 325.1M |
| Revenue Growth % | - | 7.31% | 33.1% | 10.74% | 5.42% | -10.23% | 15.94% |
| Cost of Goods Sold | 147.5M | 156.19M | 219.31M | 260.4M | 275.05M | 246.89M | 289.43M |
| COGS % of Revenue | 80.51% | 79.45% | 83.81% | 89.86% | 90.04% | 90.03% | - |
| Gross Profit | 35.71M▲ 0% | 40.41M▲ 13.2% | 42.37M▲ 4.9% | 29.21M▼ 31.1% | 30.43M▲ 4.2% | 27.33M▼ 10.2% | 35.67M▲ 0% |
| Gross Margin % | 19.49% | 20.55% | 16.19% | 10.08% | 9.96% | 9.97% | 10.97% |
| Gross Profit Growth % | - | 13.15% | 4.85% | -31.06% | 4.17% | -10.17% | - |
| Operating Expenses | 31.73M | 30.52M | 38.98M | 26.93M | 29.29M | 35.09M | 34.44M |
| OpEx % of Revenue | 17.32% | 15.52% | 14.9% | 9.29% | 9.59% | 12.8% | - |
| Selling, General & Admin | 31.73M | 30.52M | 38.98M | 30.8M | 29.29M | 35.09M | 31.85M |
| SG&A % of Revenue | 17.32% | 15.52% | 14.9% | 10.63% | 9.59% | 12.8% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | -3.86M | 0 | 0 | 1000K |
| Operating Income | 3.98M▲ 0% | 9.89M▲ 148.6% | 3.39M▼ 65.8% | 2.27M▼ 32.8% | 1.13M▼ 50.2% | -7.76M▼ 785.0% | -1.1M▲ 0% |
| Operating Margin % | 2.17% | 5.03% | 1.29% | 0.79% | 0.37% | -2.83% | -0.34% |
| Operating Income Growth % | - | 148.64% | -65.77% | -32.81% | -50.2% | -785% | - |
| EBITDA | 9.02M | 13.68M | 8.6M | 8.87M | 7.21M | -1.72M | 4.13M |
| EBITDA Margin % | 4.92% | 6.96% | 3.28% | 3.06% | 2.36% | -0.63% | 1.27% |
| EBITDA Growth % | - | 51.6% | -37.16% | 3.16% | -18.64% | -123.81% | 134.79% |
| D&A (Non-Cash Add-back) | 5.04M | 3.79M | 5.21M | 6.59M | 6.08M | 6.04M | 5.23M |
| EBIT | 3.84M | 9.89M | 2.49M | -8.71M | 1.4M | -8.87M | 3.82M |
| Net Interest Income | -9.43M | -6.84M | -9.82M | -12.48M | -13.98M | -12.78M | -10.17M |
| Interest Income | 5K | 3K | 543K | 34K | 37K | 31K | 3.75M |
| Interest Expense | 9.43M | 6.85M | 10.36M | 12.51M | 14.02M | 12.81M | 6.96M |
| Other Income/Expense | -9.57M | -9.89M | -11.26M | -19.23M | -13.75M | -13.92M | -13.94M |
| Pretax Income | -5.59M▲ 0% | 4K▲ 100.1% | -7.87M▼ 196925.0% | -16.96M▼ 115.4% | -12.61M▲ 25.6% | -21.68M▼ 71.9% | -15.04M▲ 0% |
| Pretax Margin % | -3.05% | 0% | -3.01% | -5.85% | -4.13% | -7.91% | -4.62% |
| Income Tax | 2.51M | 143K | -89K | -1.84M | -106K | 1.65M | 2.39M |
| Effective Tax Rate % | -44.88% | 3575% | 1.13% | 10.87% | 0.84% | -7.61% | -15.9% |
| Net Income | -8.1M▲ 0% | -110K▲ 98.6% | -7.98M▼ 7156.4% | -19.17M▼ 140.2% | -12.68M▲ 33.9% | -24.32M▼ 91.9% | -16.81M▲ 0% |
| Net Margin % | -4.42% | -0.06% | -3.05% | -6.62% | -4.15% | -8.87% | -5.17% |
| Net Income Growth % | - | 98.64% | -7156.36% | -140.17% | 33.88% | -91.9% | 13.82% |
| Net Income (Continuing) | -8.1M | -139K | -7.78M | -15.11M | -12.51M | -23.33M | -16.04M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 43K | -22K | 0 |
| Minority Interest | 0 | 82K | 7.52M | 6.9M | 6.41M | 6.99M | 6.93M |
| EPS (Diluted) | -0.31▲ 0% | -0.01▲ 98.3% | -0.39▼ 7122.2% | -0.72▼ 84.6% | -0.47▲ 34.7% | -0.90▼ 91.5% | -0.63▲ 0% |
| EPS Growth % | - | 98.26% | - | -84.62% | 34.72% | -91.49% | 4.42% |
| EPS (Basic) | -0.31 | -0.01 | -0.39 | -0.72 | -0.47 | -0.90 | - |
| Diluted Shares Outstanding | 26.46M | 15.05M | 20.56M | 26.6M | 26.88M | 26.88M | 26.88M |
| Basic Shares Outstanding | 26.46M | 15.05M | 20.56M | 26.6M | 26.88M | 26.88M | 26.88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
AFRI Balance Sheet
Forafric Global PLC (AFRI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 64.29M | 82.56M | 117.55M | 143.57M | 121.24M | 77.39M | 104.07M |
| Cash & Short-Term Investments | 8.99M | 12.68M | 14.39M | 24.83M | 24.02M | 12.23M | 16.37M |
| Cash Only | 8.99M | 12.68M | 14.39M | 24.83M | 24.02M | 12.23M | 16.37M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 27.95M | 27.48M | 57.55M | 75.78M | 54.74M | 26.19M | 36.27M |
| Days Sales Outstanding | 55.68 | 51.02 | 80.27 | 95.46 | 65.4 | 34.86 | 45.47 |
| Inventory | 14.86M | 26.55M | 37.56M | 27.22M | 28.38M | 15.22M | 28.66M |
| Days Inventory Outstanding | 36.78 | 62.03 | 62.52 | 38.15 | 37.66 | 22.51 | 35.97 |
| Other Current Assets | 12.48M | 9.96M | 3.72M | 8.54M | 8.77M | 15.26M | 15.75M |
| Total Non-Current Assets | 148.29M | 155.17M | 182.35M | 163.59M | 188.21M | 168.69M | 183.05M |
| Property, Plant & Equipment | 102.74M | 106.25M | 125.83M | 110.96M | 130.31M | 117.83M | 127.04M |
| Fixed Asset Turnover | 1.78x | 1.85x | 2.08x | 2.61x | 2.34x | 2.33x | 2.53x |
| Goodwill | 44.67M | 48.07M | 51.57M | 45.9M | 48.49M | 42.89M | 48.01M |
| Intangible Assets | 448K | 363K | 3.98M | 3.72M | 4.65M | 4.4M | 4.5M |
| Long-Term Investments | 0 | 116.15M | 117.31M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 427K | 484K | -116.33M | 3.01M | 4.77M | 3.58M | 16.54M |
| Total Assets | 212.58M▲ 0% | 237.74M▲ 11.8% | 299.9M▲ 26.1% | 307.16M▲ 2.4% | 309.45M▲ 0.7% | 246.08M▼ 20.5% | 287.12M▲ 0% |
| Asset Turnover | 0.86x | 0.83x | 0.87x | 0.94x | 0.99x | 1.11x | 1.09x |
| Asset Growth % | - | 11.84% | 26.15% | 2.42% | 0.74% | -20.48% | -30.42% |
| Total Current Liabilities | 125.14M | 149.05M | 202.9M | 238.18M | 253.26M | 207.27M | 245.28M |
| Accounts Payable | 13.73M | 12.84M | 26.2M | 27.3M | 46.46M | 35.31M | 57.34M |
| Days Payables Outstanding | 33.97 | 30.01 | 43.6 | 38.26 | 61.66 | 52.2 | 50.8 |
| Short-Term Debt | 92.05M | 117.04M | 160.71M | 189.83M | 185.44M | 145.14M | 165.35M |
| Deferred Revenue (Current) | 0 | 3.62M | 1.91M | 540K | 1.27M | 2.21M | 3.2M |
| Other Current Liabilities | 19.37M | 659K | 1.47M | 14.4M | 1.97M | 2.01M | 6.25M |
| Current Ratio | 0.51x | 0.55x | 0.58x | 0.60x | 0.48x | 0.37x | 0.37x |
| Quick Ratio | 0.39x | 0.38x | 0.39x | 0.49x | 0.37x | 0.30x | 0.30x |
| Cash Conversion Cycle | 58.49 | 83.05 | 99.19 | 95.35 | 41.41 | 5.17 | 30.63 |
| Total Non-Current Liabilities | 161.51M | 36.69M | 49.35M | 24.03M | 26.98M | 33.49M | 25.53M |
| Long-Term Debt | 139.46M | 9.04M | 30.63M | 11.63M | 13.33M | 20.83M | 9.63M |
| Capital Lease Obligations | 0 | 5.78M | 4.45M | 900K | 0 | 0 | 4.93M |
| Deferred Tax Liabilities | 0 | 0 | 18.72M | 12.4M | 0 | 9.57M | 0 |
| Other Non-Current Liabilities | 22.06M | 21.86M | 14.27M | 0 | 13.66M | 3.09M | 54.2M |
| Total Liabilities | 286.66M | 185.74M | 252.25M | 262.21M | 280.24M | 240.76M | 270.81M |
| Total Debt | 231.51M | 135.35M | 198.8M | 201.46M | 198.77M | 165.97M | 178.84M |
| Net Debt | 222.51M | 122.67M | 184.4M | 176.63M | 174.75M | 153.74M | 162.47M |
| Debt / Equity | - | 2.60x | 4.17x | 4.48x | 6.81x | 31.22x | 31.22x |
| Debt / EBITDA | 25.66x | 9.89x | 23.13x | 22.72x | 27.55x | - | 43.30x |
| Net Debt / EBITDA | 24.66x | 8.97x | 21.45x | 19.92x | 24.22x | - | 39.34x |
| Interest Coverage | 0.42x | 1.44x | 0.33x | 0.18x | 0.08x | -0.61x | 0.55x |
| Total Equity | -74.08M▲ 0% | 51.99M▲ 170.2% | 47.65M▼ 8.4% | 44.95M▼ 5.7% | 29.21M▼ 35.0% | 5.32M▼ 81.8% | 16.31M▲ 0% |
| Equity Growth % | - | 170.18% | -8.35% | -5.66% | -35.03% | -81.8% | -175.14% |
| Book Value per Share | -2.80 | 3.45 | 2.32 | 1.69 | 1.09 | 0.20 | 0.61 |
| Total Shareholders' Equity | -74.08M | 51.91M | 40.13M | 38.05M | 22.8M | -1.67M | 9.38M |
| Common Stock | 4K | 120M | 21K | 57K | 27K | 27K | 27K |
| Retained Earnings | -74.62M | -74.4M | -83.55M | -102.68M | -115.35M | -139.68M | -128.11M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 535K | 6.31M | 3.69M | -2.98M | -5M | -5.67M | -5.8M |
| Minority Interest | 0 | 82K | 7.52M | 6.9M | 6.41M | 6.99M | 6.93M |
AFRI Cash Flow Statement
Forafric Global PLC (AFRI) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.34M | -11.13M | -24.52M | -57.57M | 33.33M | 23.47M | 23.47M |
| Operating CF Margin % | -0.73% | -5.66% | -9.37% | -19.87% | 10.91% | 8.56% | - |
| Operating CF Growth % | - | -732.39% | -120.3% | -134.81% | 157.89% | -29.59% | 856.93% |
| Net Income | -8.1M | -139K | -7.78M | -19.17M | -12.68M | -23.33M | -16.81M |
| Depreciation & Amortization | 5.04M | 4.97M | 5.21M | 6.59M | 6.08M | 6.04M | 6.41M |
| Stock-Based Compensation | 0 | 0 | 0 | 125K | 169K | 522K | 521K |
| Deferred Taxes | 388K | -1.88M | -2.58M | -4.29M | -2.09M | -581K | 0 |
| Other Non-Cash Items | 3.01M | 1.51M | 2.79M | -4.58M | 359K | 5.69M | -6.18M |
| Working Capital Changes | -1.68M | -15.59M | -22.15M | -36.25M | 41.48M | 35.13M | 52.04M |
| Change in Receivables | 30.98M | 3.29M | -4.37M | -4.65M | 24.36M | 20.39M | -6.41M |
| Change in Inventory | 19.9M | -11.68M | -9.82M | 6.33M | 447K | 10.13M | 36.82M |
| Change in Payables | -58.96M | -2.99M | 2.33M | 5.25M | 15.73M | -10.94M | 0 |
| Cash from Investing | -70K | -1.05M | -16.05M | -4.03M | -9.84M | -2.06M | -6.31M |
| Capital Expenditures | -1.73M | -1.29M | -7M | -4.79M | -9.53M | -1.78M | -5.97M |
| CapEx % of Revenue | 0.94% | 0.66% | 2.67% | 1.65% | 3.12% | 0.65% | - |
| Acquisitions | 0 | 0 | -8.64M | 765K | -37K | 0 | -37K |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 1.66M | 116.39M | 123K | 0 | -272K | -285K | -307K |
| Cash from Financing | -37.93M | 18.77M | 42.75M | 74.99M | -21.18M | -33.19M | -37.35M |
| Debt Issued (Net) | -37.93M | 18.77M | 42.75M | 56.96M | -21.4M | -30.79M | 0 |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K | 1K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -116.66M | 0 | 10.86M | 213K | -2.4M | -37.35M |
| Net Change in Cash | -39.77M▲ 0% | 3.69M▲ 109.3% | 1.71M▼ 53.6% | 10.43M▲ 510.2% | -806K▼ 107.7% | -11.79M▼ 1362.8% | -1.13M▲ 0% |
| Free Cash Flow | -3.07M▲ 0% | -12.42M▼ 305.0% | -31.52M▼ 153.8% | -62.36M▼ 97.9% | 23.48M▲ 137.6% | 21.41M▼ 8.8% | 30.01M▲ 0% |
| FCF Margin % | -1.67% | -6.32% | -12.04% | -21.52% | 7.69% | 7.81% | 9.23% |
| FCF Growth % | - | -304.99% | -153.81% | -97.89% | 137.65% | -8.82% | 1473.99% |
| FCF per Share | -0.12 | -0.83 | -1.53 | -2.34 | 0.87 | 0.80 | 0.80 |
| FCF Conversion (FCF/Net Income) | 0.17x | 101.17x | 3.07x | 3.00x | -2.63x | -0.96x | -1.79x |
| Interest Paid | 9.43M | 6.85M | 9.2M | 11.34M | 15.75M | 13.08M | 6.85M |
| Taxes Paid | 2.12M | 1.9M | 2.5M | 2.23M | 1.99M | 2.23M | 0 |
AFRI Key Ratios
Forafric Global PLC (AFRI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.21% | -16.02% | -41.4% | -34.19% | -140.92% | -103.07% |
| Return on Invested Capital (ROIC) | 4.59% | 1.25% | 0.75% | 0.4% | -3.21% | -3.21% |
| Gross Margin | 20.55% | 16.19% | 10.08% | 9.96% | 9.97% | 10.97% |
| Net Margin | -0.06% | -3.05% | -6.62% | -4.15% | -8.87% | -5.17% |
| Debt / Equity | 2.60x | 4.17x | 4.48x | 6.81x | 31.22x | 31.22x |
| Interest Coverage | 1.44x | 0.33x | 0.18x | 0.08x | -0.61x | 0.55x |
| FCF Conversion | 101.17x | 3.07x | 3.00x | -2.63x | -0.96x | -1.79x |
| Revenue Growth | 7.31% | 33.1% | 10.74% | 5.42% | -10.23% | 15.94% |
AFRI SEC Filings & Documents
Forafric Global PLC (AFRI) SEC filings — annual & quarterly reports (10-K, 10-Q)
AFRI Frequently Asked Questions
Forafric Global PLC (AFRI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Forafric Global PLC (AFRI) reported $325.1M in revenue for fiscal year 2024. This represents a 77% increase from $183.2M in 2019.
Forafric Global PLC (AFRI) saw revenue decline by 10.2% over the past year.
Forafric Global PLC (AFRI) reported a net loss of $16.8M for fiscal year 2024.
Dividend & Returns
Forafric Global PLC (AFRI) has a return on equity (ROE) of -140.9%. Negative ROE indicates the company is unprofitable.
Forafric Global PLC (AFRI) generated $30.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More AFRI
Forafric Global PLC (AFRI) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Earnings History
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Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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