Publicly traded mining and commodity-production company (discloses mine safety and cybersecurity items) reporting commodity sales of $246.9M in 2025 and material operating losses.

# Company

This excerpt appears to be a portion of a Form 10-K (Part I) table of contents. It lists the following items and their starting pages:

- Item 1: Business (page 4)  
- Item 1A: Risk Factors (page 8)  
- Item 1A: Unresolved Staff Comments (page 26)  
- Item 1B: Cybersecurity (page 26)  
- Item 1C: Properties (page 27)  
- Item 2: Legal Proceedings (page 27)  
- Item 3: Mine Safety Disclosure (page 30)  
- Item 4: (truncated in the excerpt)

Key observations

- The inclusion of a Mine Safety Disclosure (Item 3) indicates regulatory reporting related to mining activities.
- The presence of a Cybersecurity section (Item 1B) indicates attention to information security practices.

Next steps

- If you want a detailed, data-filled summary (customers, employees, revenue, income, etc.), provide the text from Item 1: Business or other sections that contain numerical and descriptive details. I will then produce a full markdown summary.

Sadot Group, Inc. is a diversified organization that transitioned from a U.S.-centric restaurant business to a global player in the agri-food commodity supply chain.

# Sadot Group, Inc. Company Overview

Sadot Group, Inc. is a diversified organization that transitioned from a U.S.-centric restaurant business to a global player in the Agri-food commodity supply chain. The company was incorporated in Nevada and is based in Fort Worth, Texas. The company operates through two primary business segments: **Sadot Agri-Foods** and **Sadot Food Services**.

## Business Segments

### 1. **Sadot LLC (Sadot Agri-Foods)**
- **Nature of Business**: Sadot Agri-Foods is engaged in the farming, trading, and shipping of agricultural commodities, including food and feed items such as soybean meal, wheat, and corn.
- **Geographic Reach**: The company operates and trades globally, dealing with markets in Argentina, Australia, Bangladesh, Brazil, Canada, China, the U.S., and many others.
- **Operational Assets**: 
  - Operates a joint venture on a **5,000-acre farm** in the Mkushi region of Zambia, focusing on major crops (wheat, soy, corn) and high-value tree crops (avocado, mango).
- **Revenue**: 
  - Generated **$717.5 million** in commodity sales for the year ended December 31, 2023.

### 2. **Sadot Restaurant Group (Sadot Food Services)**
- **Nature of Business**: Sadot Food Services manages three restaurant concepts aimed at offering healthier food choices:
  - **Muscle Maker Grill**: A fast-casual style restaurant specializing in high-quality, lean protein meals.
  - **Pokémoto**: Fast-casual restaurants focused on Hawaiian-inspired poke bowls.
  - **SuperFit Foods**: A subscription-based fresh prep meal service with a central kitchen, delivering meals to consumers.
- **Number of Locations**: 
  - Operates a total of **46 system-wide restaurants** as of March 20, 2024:
    - 7 Company-owned restaurants
    - 39 Franchised restaurants
- **Revenue**: 
  - Generated **$8.1 million** in sales from Company-operated restaurants and approximately **$1.0 million** from franchise royalties and fees for the year ended December 31, 2023.

## Key Financials
- **Total Revenue**: Approximately **$726.6 million** for the year ended December 31, 2023, combining revenue from both business segments.
- **Net Income**: Reported a **net loss** of approximately **$8.0 million** for the year ended December 31, 2023, primarily due to high operational costs, stock-based expenses, and impairments.

## Workforce
- **Employees**: The company has a workforce that contributes to its restaurant operations, commodity trading, and logistical support but does not specify the exact number of employees in the document.

## Business Strategy
Sadot is focused on expanding its operations in the global Agri-foods commodity industry while transitioning its restaurant operations predominantly to franchising models to increase profitability and reduce corporate overhead.

## Summary of Key Metrics
- **Commodity Sales Revenue**: $717.5 million
- **Company Restaurant Sales**: $8.1 million
- **Franchise Royalties and Fees**: $1.0 million
- **Net Loss**: $8.0 million

## Conclusion
Sadot Group, Inc. is positioning itself as a leader in the agri-food supply chain while pivoting away from traditional restaurant operations towards a model focused on health-driven food services and large-scale agricultural commodity trading, with significant growth metrics reflecting its strategic transformation.

Sadot Group Inc.

10-K / April 29, 2026

10-K / March 20, 2024

10-K / April 29, 2026

Company