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Reportable Operating Segments
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reportable Operating Segments
19.    Reportable Operating Segments
See Note 1 – Business organization and nature of operations for descriptions of our operating segments.
The Company’s reportable segments are determined based on the management approach, consistent with the way the Chief Operating Decision Maker (CODM) evaluates financial performance and allocates resources. The CODM, identified as the Chief Executive Officer, regularly reviews discrete financial information for the Sadot Food Services and Sadot Agri-Foods segments to assess performance and make operational decisions.
The following table sets forth the results of operations for the relevant segments for the three and nine months ended September 30, 2025:

For the Three Months Ended September 30, 2025
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Commodity sales— 272 — 272 
Other revenues— 17 — 17 
Cost of goods sold— (6,630)— (6,630)
Gross profit / (loss)— (6,341)— (6,341)
Depreciation and amortization expenses— (21)(1)(22)
Stock-based expenses— — (584)(584)
Sales, general and administrative expenses— (5,982)(1,406)(7,388)
Loss from operations— (12,344)(1,991)(14,335)
Interest expense, net— (424)(463)(887)
Loss on debt extinguishment— — — — 
Loss for continuing operations before income tax— (12,768)(2,454)(15,222)
Income tax expense — — (2)(2)
Net loss for continuing operations— (12,768)(2,456)(15,224)
Loss for discontinued operations, net of income tax(38)— — (38)
Net loss (38)(12,768)(2,456)(15,262)
Net loss attributable to non-controlling interest— 73 — 73 
Net loss attributable to Sadot Group Inc.(38)(12,695)(2,456)(15,189)
Total assets5,016 67,475 472 72,963 
For the Nine Months Ended September 30, 2025
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Commodity sales— 246,778 — 246,778 
Other revenues— 69 — 69 
Cost of goods sold— (242,189)— (242,189)
Gross profit— 4,658 — 4,658 
Depreciation and amortization expenses— (73)(3)(76)
Stock-based expenses— — (2,431)(2,431)
Sales, general and administrative expenses— (9,444)(3,796)(13,240)
Loss from operations— (4,859)(6,230)(11,089)
Interest expense, net(2,116)(1,549)(3,665)
Change in fair value of stock-based compensation— — 778 778 
Loss on debt extinguishment— — (192)(192)
Loss for continuing operations before income tax— (6,975)(7,193)(14,168)
Income tax expense— — (2)(2)
Net loss for continuing operations— (6,975)(7,195)(14,170)
Income for discontinued operations, net of income tax14 — — 14 
Net income / (loss) 14 (6,975)(7,195)(14,156)
Net loss attributable to non-controlling interest— 294 — 294 
Net income / (loss) attributable to Sadot Group Inc.14 (6,681)(7,195)(13,862)
Total assets5,016 67,475 472 72,963 
The following table sets forth the results of operations for the relevant segments for the three and nine months ended September 30, 2024:
For the Three Months Ended September 30, 2024
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Commodity sales— 200,906 — 200,906 
Cost of goods sold— (193,247)— (193,247)
Gross profit— 7,659 — 7,659 
Depreciation and amortization expenses— (48)(1)(49)
Stock-based expenses— — (1,713)(1,713)
Sales, general and administrative expenses— (2,475)(949)(3,424)
Income / (loss) from operations— 5,136 (2,663)2,473 
Interest expense , net— (1,267)(445)(1,712)
Change in fair value of stock-based compensation— — 1,001 1,001 
Income / (loss) for continuing operations before income tax— 3,869 (2,107)1,762 
Income tax expense — — (3)(3)
Net income / (loss) for continuing operations— 3,869 (2,110)1,759 
Loss for discontinued operations, net of income tax(665)— — (665)
Net income / (loss) (665)3,869 (2,110)1,094 
Net loss attributable to non-controlling interest— 69 — 69 
Net income / (loss) attributable to Sadot Group Inc.(665)3,938 (2,110)1,163 
Total assets5,431 164,638 958 171,027 
For the Nine Months Ended September 30, 2024
Sadot food serviceSadot agri-foodsCorporate adj.Total segments
$’000$’000$’000$’000
Revenues:
Commodity sales— 480,706 — 480,706 
Cost of goods sold— (464,448)— (464,448)
Gross profit— 16,258 — 16,258 
Depreciation and amortization expenses— (230)(2)(232)
Stock-based expenses— — (4,430)(4,430)
Sales, general and administrative expenses— (4,052)(2,466)(6,518)
Income / (loss) from operations— 11,976 (6,898)5,078 
Interest expense , net— (1,451)(1,497)(2,948)
Change in fair value of stock-based compensation— — 2,691 2,691 
Income / (loss) for continuing operations before income tax— 10,525 (5,704)4,821 
Income tax expense— — (9)(9)
Net income / (loss) for continuing operations— 10,525 (5,713)4,812 
Loss for discontinued operations, net of income tax(1,713)— — (1,713)
Net income / (loss) (1,713)10,525 (5,713)3,099 
Net loss attributable to non-controlling interest— 169 — 169 
Net income / (loss) attributable to Sadot Group Inc.(1,713)10,694 (5,713)3,268 
Total assets5,431 164,638 958 171,027 
In 2024, assets related to our Sadot food services segment met the criteria for classification as Assets held for sale. For additional information, see Note 3 – Significant accounting policies, Note 4 – Assets held for sale and Note 5 – Discontinued operations.
The Company will continue to evaluate its operating segments and update as necessary.