on Sadot Group Inc.
Sadot Group Inc. Achieves Financial Turnaround in 2024
Sadot Group Inc. has reported a significant financial turnaround for 2024, with net income rising to $4.0 million compared to a $7.8 million loss the prior year. The company's EBITDA also improved, reaching $8.9 million from a $6.2 million loss in 2023.
In the fourth quarter, net income increased to $0.7 million, with EBITDA hitting $2.2 million. Annual consolidated revenue stood at $700.9 million. CEO Catia Jorge cited these results as evidence of Sadot's strategic shift into the global food supply chain sector.
The company expanded its leadership team and entered new markets, including the pet food ingredient market and Sadot Canada operations. It also converted its locations to franchise models for cost efficiency and potential divestitures.
R. E.
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