AFRI · NASDAQ · Agricultural Farm Products

Forafric Global (AFRI)

Processes wheat into flour, semolina, couscous, and pasta through MayMouna and Tria.

$11.15
vs last close−0.10 (−0.89%)
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Forafric Global PLCAFRI
Consumer Staples

Runs a Morocco-centered wheat-processing business that sells flour, semolina, couscous, and pasta under MayMouna and Tria. Soft wheat is the main revenue line, while working-capital financing and the proposed Forafric Maroc control transaction shape the current operating setup.

Operates a wheat-centered food platform built around MayMouna and Tria, selling flour, semolina, couscous, and pasta. The group handles purchasing, storage, transport, processing, and sale of agricultural commodities rather than a broad packaged-food portfolio.

The operating footprint is centered in Morocco and reaches customers across Europe, Asia, Africa, and the Middle East. Soft wheat is the main sales line, with durum wheat and couscous-pasta activities much smaller after recent divestitures narrowed the focus.

Current execution depends on working-capital financing after crushed volumes fell in Morocco, and filings include a going-concern disclosure. A proposed transaction may give Cap Holding control of Forafric Maroc, while a broader expansion plan remains framed as evaluated opportunities rather than current products.

Company facts

CEOKhalid Assari
ListedJun 10, 2022
ExchangeNASDAQ
HeadquartersGibraltar, Gibraltar
CountryGibraltar
Employees600
CIK0001903870
ISINGI000A3DNK69

Market cap$303.3M
EPS (ttm)
P/E (ttm)
ROE
P/B
P/S
Dividend yieldDiv yield
Beta0.30vs XLP 0.14

No analyst consensus on record.

EPSReportedEstimate

FY21FY22FY23
Reported−$0.15−$0.75−$0.47
Estimate
Surprise

RevenueReportedEstimate

FY21FY22FY23
Reported$197.1M$378.8M$305.5M
Estimate
Surprise
Estimate
Reported−$0.47
Estimate
Reported$305.5M
View details

Current ratio32.80%

ProfitabilityRevenueNet incomeNet margin

Q1 FY23Q2 FY23Q3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY25Q4 FY25
Revenue$72.8M$72.8M$79.9M$79.9M$82.6M$82.6M$44.6M$44.6M
Net income−$4.3M−$4.3M−$2.0M−$2.0M−$6.4M−$6.4M−$2.0M−$2.0M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q1 FY23Q2 FY23Q3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY25Q4 FY25
Operating income−$688.5K−$688.5K$1.3M$1.3M−$1.8M−$1.8M−$266.5K−$266.5K
YoY growthTurned lossTurned lossTurned profitTurned profitLoss widenedLoss widened

Balance sheet, Dec 31, 2025Cash & short-term investments $14.3M · Total debt $159.4M · Total assets $246.9M · Shareholders' equity −$8.7M

Revenue
$44.6M
Operating income
−$266.5K
Net income
−$2.0M
View details

No dividends on record.

Institutions3.51%947.2K shares
53 holders · as of Jun 30, 2026
Insiders152.27%41.06M shares
3 holders · as of Sep 30, 2022
Adds to155.78%

26.96M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 155.78%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Lighthouse SettlementInsider
73.31%19.77Mfiled Sep 30, 2022
The Lighthouse SettlementInsider
65.65%17.70Mfiled Jun 17, 2022
PackerInsider
13.32%3.59Mfiled Jun 21, 2022
BlackRock, Inc.Institution
1.23%330,540as of Jun 30, 2026
Susquehanna International Group, LLPInstitution
0.37%100,729as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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