African Agriculture Holdings Inc. Income Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Operations

In millions of USD; shares in millions, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 11 months to Dec 31, 2021
General and administrative expenses
Administrative expenses — related party
Administrative expenses - related party
Revenue
Sales
Cost of goods sold
Gross margin (loss)
Operating expenses:
Employee compensation
Professional fees
Equipment rental
Operating lease expense
Insurance
Amortization
Depreciation
Utilities and fuel
Travel and entertainment
Program development and design
Other operating expenses
Total operating expenses
Loss from operations
Change in fair value of derivative liabilities
Income from investments held in Trust Account
Loss on Forward Purchase Agreement
Total other income
Other (income) expenses:
Foreign currency exchange loss / (gain)
Gain on sale of assets
Interest expense - related party
Interest expense - other
Debt amendment fee
Other income
Total other expense
Loss before provision for income tax
Net loss
Class A Ordinary Shares
Class B Ordinary Shares
Total net loss
Basic and diluted weighted average shares outstanding
Class A Ordinary Shares
Class B Ordinary Shares
Basic and diluted net loss per share
Loss per share, as adjusted for the Business Combination recapitalization (in Dollars per share)
Class A Ordinary Shares
Class B Ordinary Shares
Total loss per share, as adjusted for the Business Combination recapitalization (in Dollars per share)
Weighted average basic shares outstanding (in Shares)
Class A Ordinary Shares
Class B Ordinary Shares
Total weighted average basic shares outstanding (in Shares)

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