Forafric Global PLC
forafric.comWhat Do They Do?
Processes and sells wheat flour, semolina, pasta and couscous to food manufacturers, distributors and household consumers.
20-F for FY2025, filed May 15, 2026We are an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and…View ↗
Forafric Maroc is the combination of two former family owned businesses, Forafric (MayMouna) and Tria Group SA (the “Tria Group”). Forafric…View ↗
MayMouna is appreciated for its quality but also for the richness of its range. The brand has, on a regular basis, introduced new products…View ↗
MayMouna offers a diversified range of products segmented into two categories: soft wheat products and durum wheat products. In order to…View ↗
How Do They Make Money?
The company sells flour, semolina, pasta and couscous to customers, with sales generally completed on delivery and acceptance; most customer contracts last a year or less.
20-F for FY2025, filed May 15, 2026We are an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and…View ↗
Revenue Recognition – The Company follows a policy of recognizing revenue at a single point in time when it satisfies its performance…View ↗
Revenue related to the sale of goods is measured based on consideration specified in a contract with a customer. The Company recognizes…View ↗
-
20-F for FY2025, filed May 15, 2026
FY2025 revenue by product or service ↗
$176.5M
-
20-F for FY2025, filed May 15, 2026
$176.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Soft Wheat
Sold outright
20-F for FY2025, filed May 15, 2026 |
85% |
Soft Wheat, FY2025
$150.1M Sources
|
Sold outright |
|
Durum Wheat
Sold outright
|
3.5% |
Durum Wheat, FY2025
$6.2M Sources
|
Sold outright |
|
Couscous and Pasta
Sold outright
20-F for FY2025, filed May 15, 2026 |
9.9% |
Couscous and Pasta, FY2025
$17.4M Sources
|
Sold outright |
|
All Other
Sold outright
|
1.5% |
All Other, FY2025
$2.7M Sources
|
Sold outright |
Who Are Their Customers?
Wholesale food manufacturers and distributors are the principal buyers; consumer products go through wholesalers, groceries, modern retail and mass distribution, while industrial buyers receive bulk deliveries.
20-F for FY2025, filed May 15, 2026
Do Revenues Turn Into Profits?
No. It lost $14.9M in FY2025.
20-F for FY2025, filed May 15, 2026
−$3.6MView ↗
20-F for FY2025, filed May 15, 2026
−$14.9MView ↗
20-F for FY2025, filed May 15, 2026
−$161KView ↗
How Are They Changing?
Shrinking. Revenue fell 33% in 4 years, from $261.7M in FY2021 to $176.5M in FY2025, about 9% a year.
A narrower portfolio and geographic focus
The earlier report described a logistics company and wheat-milling businesses outside Morocco. The latest report describes sales of logistics and animal-feed subsidiaries and part of its West African holdings, alongside a Morocco and soft-wheat focus.
20-F for FY2022, filed May 1, 2023 20-F for FY2025, filed May 15, 2026On June 30, 2025, we sold part of our ownership in Moulins du Sahel Mali S.A. (“MDS Mali”), Moulin du Sahel Burkina (“MDS BF”) and Grands…View ↗
On November 5, 2025, we sold 100% of our subsidiary Prodela to Millcorp for a total consideration of approximately $1 million. This…View ↗
On August 8, 2025 we sold 100% of our subsidiary Finalog SA (“Finalog”) to a third party for a total consideration of $8.3 million. Finalog…View ↗
In February 2025, we announced that we adopted a new balance sheet strengthening strategy with a Morocco and soft wheat focus. As part of…View ↗
Who Do They Compete With?
Competes with Moulins du Maghreb, Zine Cereales, Rica Maroc, Casagrains, and Dari Couspate
20-F for FY2025, filed May 15, 2026The markets for our products are highly price competitive. Competition is based on a number of factors, including delivered price, product…View ↗
Loading...
