Announcement • May 17
Forafric Global PLC Auditor Raises 'Going Concern' Doubt Forafric Global PLC filed its 20-F on May 15, 2026 for the period ending Dec 31, 2025. In this report its auditor, UHY LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • May 01
Forafric Global PLC announced delayed 20-F filing On 04/30/2026, Forafric Global PLC announced that they will be unable to file their next 20-F by the deadline required by the SEC. Announcement • Mar 10
Forafric Global PLC Announces Board Changes Forafric Global PLC announced that Johann Elbaz is joining the Company’s board of directors replacing Paul Packer as a director on the board. Johann Elbaz has 18 years experience in marketing, strategy and business development. He joined Forafric in 2018 and is currently Deputy CEO of Forafric Moroc SA. He previously served as Director of Research, Development, and Innovation and as Marketing Director, contributing to the company’s strategic development and brand positioning. Prior to joining the Company, Mr. Elbaz worked in advertising and investment sectors with Publicis, DDB and Smart Equity. He studied Economics and Management at Paris XII University and holds a business degree in International Commerce and Communication from ESGCI as well as a master’s degree in communication from ESG. Reported Earnings • Dec 31
First half 2025 earnings released: US$0.37 loss per share (vs US$0.48 loss in 1H 2024) First half 2025 results: US$0.37 loss per share (improved from US$0.48 loss in 1H 2024). Revenue: US$87.4m (down 45% from 1H 2024). Net loss: US$10.1m (loss narrowed 22% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Dec 30
Forafric Global PLC, Annual General Meeting, Dec 31, 2025 Forafric Global PLC, Annual General Meeting, Dec 31, 2025. Location: madison building, midtown, queensway., Gibraltar New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Announcement • May 02
Forafric Global PLC Auditor Raises 'Going Concern' Doubt Forafric Global PLC filed its 20-F on Apr 30, 2025 for the period ending Dec 31, 2024. In this report its auditor, UHY LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • May 01
Full year 2024 earnings released: US$0.90 loss per share (vs US$0.47 loss in FY 2023) Full year 2024 results: US$0.90 loss per share (further deteriorated from US$0.47 loss in FY 2023). Revenue: US$274.2m (down 10% from FY 2023). Net loss: US$24.3m (loss widened 92% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Announcement • Apr 04
Forafric Global plc Announces Board Changes, Effective April 4, 2025 Forafric Global announced that Khalid Assari, the CEO of the Company, has been appointed as Chairman of the Board, effective April 4th, 2025. Mr. Assari replaces Mr. Saad Bendidi. Mr. Assari has had a long and successful career in agricultural business, holding several senior positions within Caisse de Dépôts (CDG Group). Mr. Assari holds an MBA in finance from Old Dominion University in Norfolk, Virginia, United States. Announcement • Feb 12
Forafric Global plc Announces CEO Changes Forafric Global PLC announced that Effective December 31, 2024, Mustapha Jamaleddine retired as the Chief Executive Officer of the Company. Mr. Jamaleddine’s resignation was not related to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. In connection with Mr. Jamaleddine’s resignation, the board of directors of the Company has appointed Khalid Assari as the new Chief Executive Officer of the Company, and of its wholly-owned subsidiary, Forafric Morocco. Mr. Assari replaced Mr. Mustapha Jamaleddine, who retired effective December 31, 2024. Mr. Assari, age 62, has had a long and successful career in the agricultural business, holding several senior positions within Caissed e Dépôts (CDG Group). From 2020 to 2024, he was an investor in the real estate and agro business sectors in Morocco. From 2016 through 2018, Mr. Assari was the CEO of Forafric Morocco. Mr. Assari holds an MBA in finance from Old Dominion University in Norfolk, Virginia, United States. Reported Earnings • Jan 17
First half 2024 earnings released: US$0.47 loss per share (vs US$0.32 loss in 1H 2023) First half 2024 results: US$0.47 loss per share (further deteriorated from US$0.32 loss in 1H 2023). Revenue: US$165.2m (up 14% from 1H 2023). Net loss: US$12.8m (loss widened 48% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Dec 05
Forafric Global PLC, Annual General Meeting, Dec 30, 2024 Forafric Global PLC, Annual General Meeting, Dec 30, 2024. Location: madison building, midtown, queensway, Gibraltar New Risk • Nov 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Reported Earnings • May 01
Full year 2023 earnings released: US$0.47 loss per share (vs US$0.72 loss in FY 2022) Full year 2023 results: US$0.47 loss per share (improved from US$0.72 loss in FY 2022). Revenue: US$305.5m (up 5.4% from FY 2022). Net loss: US$12.7m (loss narrowed 34% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Dec 14
First half 2023 earnings released: US$0.32 loss per share (vs US$0.38 loss in 1H 2022) First half 2023 results: US$0.32 loss per share. Revenue: US$145.6m (down 6.0% from 1H 2022). Net loss: US$8.62m (loss widened 4.6% from 1H 2022). Announcement • Nov 17
Forafric Global PLC, Annual General Meeting, Dec 08, 2023 Forafric Global PLC, Annual General Meeting, Dec 08, 2023, at 10:00 Central European Standard Time. Location: at Madison Building, Midtown, Queensway, Gibraltar Queensway United Kingdom Agenda: To consider the appointment of UHY LLP as auditors of the Company be and hereby is approved; and to transact any other business of the Company. Announcement • May 17
Forafric Global PLC (NasdaqCM:AFRI) entered into an agreement to acquire 90% interest in Société Industrielle des Minoteries du Sud. Forafric Global PLC (NasdaqCM:AFRI) entered into an agreement to acquire 90% interest in Société Industrielle des Minoteries du Sud on May 9, 2023. The closing of the acquisition is subject to, among other things, approval from Morocco’s antitrust authority. Reported Earnings • May 03
Full year 2022 earnings released: US$0.72 loss per share (vs US$0.067 loss in FY 2021) Full year 2022 results: US$0.72 loss per share (further deteriorated from US$0.067 loss in FY 2021). Revenue: US$289.8m (up 11% from FY 2021). Net loss: US$19.1m (loss widened 140% from FY 2021). Reported Earnings • Dec 18
Second quarter 2022 earnings released Second quarter 2022 results: US$0.04 loss per share. Net loss: US$4.79m (flat on 2Q 2021). Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Rachel Bitan is the most experienced director on the board, commencing their role in 2022. Independent Director Ira Greenstein was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jun 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Chairman Saad Bendidi was the last director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
