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Sadot Group (SDOT) investor relations material
Sadot Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
No commodity sales revenue was generated in Q2 2026, compared to $114.3M in Q2 2025, reflecting a significant operational curtailment and the divestiture of the food services segment in late 2025.
The company recorded a net income of $40.1M for Q2 2026, primarily due to a $42.4M gain on the deconsolidation of Sadot Latam LLC.
The business is undergoing a strategic transformation, acquiring technology assets and shifting focus toward AI-powered, technology-enabled commodities operations.
Completed integration of the TradeOS commodity trading and risk management platform across trading operations following its June 2026 acquisition.
First commercial transactions on TradeOS executed in July 2026, generating approximately $1 million in gross revenue (not included in Q2 results).
Financial highlights
Q2 2026 revenue: $0.0M (Q2 2025: $114.3M or $246.6M); six months ended June 30, 2026: $0.0M (2025: $246.5M).
Gross profit for Q2 2026: $0.0M (Q2 2025: $5.0M or $11.0M); six months: $0.0M (2025: $11.0M).
Net income for Q2 2026: $40.1M (Q2 2025: $0.3M); six months: $35.2M (2025: $1.1M); Q2 2026 net income per diluted share: $109.16.
EBITDA for Q2 2026: $42.1M (Q2 2025: $1.6M); six months: $39.1M (2025: $4.2M).
Adjusted EBITDA for Q2 2026: $(1.3)M or $(3.3)M (Q2 2025: $2.2M); six months: $(3.8)M (2025: $5.2M).
Working capital deficit as of June 30, 2026: $13.6M (Dec 31, 2025: $54.8M).
Cash as of June 30, 2026: $0.12M or $0.1M.
Outlook and guidance
Management highlights substantial doubt about the ability to continue as a going concern due to ongoing defaults on debt and negative working capital.
The company is seeking additional capital through public market financings and strategic alternatives, including a $100M convertible note facility and equity purchase agreement initiated in July 2026.
Management expects TradeOS may contribute to revenue if adoption widens, but current revenue impact is nominal.
No specific revenue or earnings guidance provided for Q3 2026; July revenue is preliminary and not material.
- Shareholders will vote on director elections, auditor ratification, equity plans, and major capital changes.SDOT
Proxy filing - Shareholders will vote on director elections, auditor ratification, new equity plans, and capital structure changes.SDOT
Proxy filing - Registers up to 6M shares for resale amid operational challenges and strategic refocus.SDOT
Registration filing - No revenue and a $4.9M net loss in Q1 2026, with severe liquidity and going concern risks.SDOT
Q1 2026 - Severe revenue decline, major losses, and liquidity crisis threaten ongoing viability.SDOT
Q4 2025 - Several proposals reclassified as non-routine, impacting broker voting discretion.SDOT
Proxy filing - Voting power of Series A Preferred Stock reduced, aligning rights with value and affecting capital structure.SDOT
Proxy Filing - Shareholders will vote on director elections, share increases, equity plans, and key share issuances.SDOT
Proxy Filing - Q3 revenue rose 10.7% to $201.7M with sustained profitability and global expansion.SDOT
Q3 2024
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