Board Change • Apr 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Shirly Gavrieli was the last 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: Insufficient board refreshment. Board Change • Apr 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Shirly Gavrieli was the last 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: Insufficient board refreshment. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Shirly Gavrieli was the last 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: Insufficient board refreshment. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Shirly Gavrieli was the last 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: Insufficient board refreshment. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Shirly Gavrieli was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 02
Grace Breeding Ltd, Annual General Meeting, May 06, 2025 Grace Breeding Ltd, Annual General Meeting, May 06, 2025. Location: goldfarb law offices, Israel Reported Earnings • Mar 27
Full year 2024 earnings released: ₪0.63 loss per share (vs ₪2.36 loss in FY 2023) Full year 2024 results: ₪0.63 loss per share (improved from ₪2.36 loss in FY 2023). Net loss: ₪2.47m (loss narrowed 71% from FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₪5.1m free cash flow). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m (₪466k revenue, or US$128k). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (₪69.2m market cap, or US$19.0m). Board Change • Jan 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Shirly Gavrieli was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
First half 2024 earnings released: ₪0.29 loss per share (vs ₪1.24 loss in 1H 2023) First half 2024 results: ₪0.29 loss per share (improved from ₪1.24 loss in 1H 2023). Revenue: ₪68.0k (up 4.6% from 1H 2023). Net loss: ₪1.11m (loss narrowed 75% from 1H 2023). Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Shirly Gavrieli was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪8.0m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (₪463k revenue, or US$126k). Market cap is less than US$10m (₪32.9m market cap, or US$8.96m). Minor Risk Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Reported Earnings • Mar 13
Full year 2023 earnings released: ₪2.36 loss per share (vs ₪3.32 loss in FY 2022) Full year 2023 results: ₪2.36 loss per share (improved from ₪3.32 loss in FY 2022). Revenue: ₪463.0k (up 122% from FY 2022). Net loss: ₪8.50m (loss narrowed 23% from FY 2022). New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (₪76k revenue, or US$21k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (₪38.9m market cap, or US$10.9m). New Risk • Feb 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₪35.6m (US$9.72m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (₪76k revenue, or US$21k). Market cap is less than US$10m (₪35.6m market cap, or US$9.72m). New Risk • Sep 22
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪9.4m free cash flow). Earnings have declined by 39% per year over the past 5 years. Revenue is less than US$1m (₪76k revenue, or US$20k). Minor Risk Market cap is less than US$100m (₪42.5m market cap, or US$11.2m). Annonce • Jun 30
Grace Breeding's Nft Bio-Fertilizer Receives Its First European Product Registration Approval in Austria for Use in Wheat and Corn Grace Breeding Ltd. announced that it received product registration approval in Austria by the Austrian Federal Office for Food Safety (BAES) for its innovative NFT bio-fertilizer, to be marketed as a "soil improving" product, for use in wheat and corn under the brand name "Addir™?." This represents the Company's first product registration approval in the European Union (EU) and enables Grace Breeding to obtain rapid Mutual recognition registrations in other EU countries, including Belgium, the Czech Republic, Germany, Greece, Portugal, Slovakia, and Spain. Addir™? will allow farmers to significantly reduce their dependence on synthetic fertilizer, or urea, a nitrogen-based fertilizer that is harmful to the environment, as well as provide them with an alternative that is more economically viable and increases carbon sequestration. The use of a bio-fertilizer like Addir, which makes use of nitrogen fixation, leads to reduced use of urea and consequently lower carbon emissions, which is crucial for slowing damage to the environment. Annonce • Jun 21
Grace Breeding Ltd Announces Brazil Field Test Results of Its ProMagen in Soybean Plants Demonstrating Boosted Yields Grace Breeding Ltd. (the Company or Grace Breeding) announced the results from trials of its ProMagen™ (formerly known as WDS), in soybean plants, conducted in the field under a research and development collaboration with its partners at the State University of Londrina (UEL), based in Paraná State, Brazil. Results showed that using Grace Breeding’s ProMagen™ in soybean plants there was both higher resilience and tolerance as well as higher yield produced. Grace Breeding’s ProMagen is a foliar formulation product based on botanical extracts, unlike synthetic fungicides or pesticides that can contaminate groundwater and food and have a high residual effect, damaging the health of farmers and consumers. These results support the use of Grace Breeding’s ProMagen as a promising environmentally friendly solution to improve plant response to disease attack and prevent high disease severity. Results From the Brazil Field test in Soybean In the field tests conducted in soybean plants, Grace Breeding’s ProMagen showed plant resilience enhancement and disease tolerance when compared to the (four), agricultural standard pesticide application methods used by farmers: Propiconazole + Difenoconazole (first application), Benzovindiflupyr + Prothioconazole + Chlorothalonil (second application), Difenoconazole + Cyproconazole + Chlorothalonil (third application) and Difenoconazole + Cyproconazole (fourth application). Specifically, Grace Breeding’s ProMagen demonstrated greater disease control efficiency for most metrics evaluated. In addition, when combined with a pesticide such as the ones studied in this field trial, Grace Breeding’s ProMagen was found to have the potential to increase the efficiency of chemical and biological active ingredients in disease control. In summary, Grace Breeding’s ProMagen also provided gains of up to six bags of soybeans per hectare, when compared to the commercial standard, which would yield approximately, today, US $130 more in crops per hectare. In Brazil and other areas around the world, synthetic molecules, or pesticides, are often used with soybean crop to control different plant diseases. However, environmental problems are caused due to the contamination of ground water and food, with a high residual effect. This damages the health of both farmers and consumers, among other negative effects. As such, the development of more sustainable products is encouraged, such as botanical extracts that have provided interesting results as bio-activators for resilience enhancement, improving the plant response to disease attack and preventing high disease severity. In Brazil, the Londrina State University-UEL and Gaia AgroSolutions, in partnership with Grace Breeding from Israel, are testing and validating Grace Breeding’s technologies that fit these purposes. Annonce • Jun 06
Grace Breeding Announces Results from Its Nft Bio-Fertilizer Field Trial in Corn Plants Conducted in Brazil Confirming Previous Greenhouse Results Grace Breeding Ltd. announced the results from trials of its NFT Bio-fertilizer in corn (maize) plants, conducted in the field under a research and development collaboration with its partners at the University of Londrina (UEL), based in Paraná State, Brazil. The encouraging results that confirm the preliminary results from studies in the greenhouse that were previously announced in January, showed that using Grace Breeding’s NFT Bio-fertilizer and a reduced use of nitrogen, there was greater efficiency in the use of nitrogen and water and greater absorption of carbon in the corn plants. These results support the use of Grace Breeding’s NFT Bio-fertilizer as a promising solution for both robust corn plant growth and reduced carbon emission. The Brazilian maize growing season in particular tends to be characterized by reduced water availability, which makes the use of NFT especially valuable in corn in those areas. Both physiological and nutritional analyses were conducted which showed greater production of photoassimilates, less water loss and higher internal carbon accumulation in corn plants cultivated with NFT technology in the field. Furthermore, under low doses of nitrogen (using 50% of the recommended amount), corn plants did not show changes in physiological and nutritional parameters. Further, when evaluating these plants grown at these lower doses of nitrogen, it was observed that the levels of the leaf nutrient were not altered, nor was the amount of dry mass of the respective shoots and roots, when compared to the plants grown with 100% of the recommended amount of nitrogen. Additionally, when using NFT with these low doses of nitrogen, the corn plants did not change size, stem diameter or number of leaves. The use of NFT leads to lower carbon emissions which is crucial for slowing damage to the environment. The findings from this study are important since Grace Breeding’s NFT would allow farmers to significantly reduce their dependence on synthetic fertilizer that is harmful to the environment, as well as provide them with an alternative that is more economically viable and increases carbon sequestration. The search for more sustainable technologies for agribusiness has been the focus of studies around the world. These technologies should promote greater productive performance, lower production costs and greater environmental preservation. The greater efficiency of bio-fertilizers, especially nitrogenous ones, greater efficiency in the use of water in the production of dry mass and, consequentially, the higher mobilization of carbon via the photosynthetic process, are at the forefront of investigations by researchers all over the world. In Brazil, the Londrina State University-UEL in partnership with Gaia AgroSolutions from Israel, are testing and validating technologies that fit these purposes. Among the technologies, Grace Breeding’s NFT is in a very advanced validation process. Field trials with maize crop using farmers' management, have shown promise with greater efficiency in the use of nitrogen, water and greater mobilization of carbon. In January 2023, Grace Breeding announced the preliminary results of this study. The results showed superior growth results in Brazilian corn that outperformed standard nitrogen fertilizers while also reducing carbon emissions. Annonce • May 25
Grace Breeding Ltd.'s NFT Bio-Fertilizer Receives its First Product Registration Approval in Brazil Allowing the Commencement of Marketing and Commercial Activities in this Region Grace Breeding Ltd. announced that it received the first approval for its NFT Bio-fertilizer registration in Brazil, the user of bio-based fertilizers and a leading agricultural exporter. Grace Breeding’s NFT will allow farmers to significantly reduce their dependence on synthetic fertilizer, or urea, a nitrogen-based fertilizer, that is harmful to the environment, as well as provide them with an alternative that is more economically viable and increases the carbon sequestration. The use of NFT leads to reduced use of urea and consequently lower carbon emissions which is crucial for slowing damage to the environment. Grace Breeding’s NFT has been undergoing field trials in this region on corn plants with partners at the University of Londrina (UEL) and Gaia AgroSolutions, both based in Brazil. Grace Breeding announced preliminary topline results from this field trial in January and expects complete results to be available this quarter. Annonce • Jan 26
Grace Breeding Ltd Announces Positive Results from Study of Its Proprietary Bio-Fertilizer, NFT Grace Breeding Ltd. announced positive results from a study of its proprietary bio-fertilizer, “NFT”, an environmentally friendly alternative to urea, the typical component in synthetic fertilizer, conducted under a research and development collaboration with the University of Londrina (UEL), based in Paraná State, Brazil. The findings from this study are important since Grace Breeding’s NFT would allow farmers to significantly reduce their dependence on synthetic fertilizer that is harmful to the environment, as well as provide them with an alternative that is more economically viable. The state of Paraná, where the UEL is located, is a major region involved in the global agricultural production of key grain and legume staples, most notably of corn and soybeans. This year, 60% of the expected global production of over one billion tons of corn is to come from the U.S., China and Brazil. As such, the University has been conducting supportive testing evaluating the growth of both corn and soybean seedlings with Grace Breeding’s NFT. The study is jointly being conducted with Grace Breeding’s other collaborator, Gaia AgroSolutions. Corn is of particular concern, since it requires high amounts of nitrogen-based fertilizer to produce, even more than soybeans, driving end prices high. Specifically, during production, the corn plant removes large amounts of nitrogen (N), requiring the use of urea, a nitrogen fertilizer. However, the use of urea creates massive emissions of carbon dioxide (CO2) in the atmosphere (also known as “carbon emissions”) as a bioproduct of the fertilization process, which causes environmental damage of the earth’s protective ozone layer. Grace Breeding’s NFT is able to reduce the amounts of urea necessary for the corn growth process because it has properties that stimulate the metabolic process of plant growth and it also results in reduced use of water for growth as well. In 2021, Brazil consumed approximately 8 million tons of urea. However, more recently, Brazil’s access to urea has been scarce because it obtains much of its supply from Russia, which is the world’s large exporter of fertilizers but is still at war with Ukraine. Specifically, results from the UEL study showed that the corn seeds treated with NFT had: a quicker germination process; superior or equal metrics related to plant growth such as height, fresh and dry mass of aerial part and root, leaf length and width; greater efficiency in the use of nitrogen demonstrated by measures of vitality such as green coloring of leaves (indicating an increase in chlorophyll content), and nitrogen content, leading to a potential reduction of more than 50% in nitrogen in corn cultivation; more efficient use of water; released less carbon into the atmosphere, enabling a sustainable production system. 