Forafric Global ( (AFRI) ) has released a notification of late filing.
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Forafric Global PLC has filed a Form 12b-25, notifying investors of a delay in submitting its Form 20-F (Yearly Report) for the financial year ended December 31, 2025. The company says it needs more time to finalize its annual financial statements and cannot meet the original SEC deadline without unreasonable effort or expense.
Forafric stresses that the delay is procedural and tied to the completion of its accounting work, rather than to an auditor change or a disclosed internal control failure. Management indicates that all other required periodic filings over the past 12 months have been submitted, suggesting the company has generally remained current with its reporting obligations.
The company plans to file the delayed Form 20-F (Yearly Report) within the standard 15-day extension period allowed under SEC Rule 12b-25. For investors, this means the annual report is expected shortly, but there is no specific calendar date beyond this regulatory window.
Preliminary figures point to a sharp revenue decline for 2025, with sales estimated between $160 million and $180 million versus about $274.2 million in 2024. Forafric attributes this drop mainly to lower crushed volumes of soft and durum wheat in Morocco due to limited working-capital financing, along with a broader decrease in total sales.
The company says it cannot yet provide a reasonable estimate of net income or loss as it is still finalizing its financial statements. Management emphasizes that these revenue numbers are preliminary, unaudited and subject to revision, and warns investors not to place undue reliance on them or on other forward-looking statements in the filing.
Forafric notes that its outlook and estimates are based on current assumptions and are exposed to risks such as funding availability, competitive pressures, regulations and the execution of its strategic expansion and transactions with Cap Holding SA. The notification is signed on behalf of the company by Chief Financial Officer Julien Benitah on April 30, 2026, signaling ongoing efforts to complete the annual report and maintain regulatory compliance.
More about Forafric Global
Average Trading Volume: 8,653
Technical Sentiment Signal: Buy
Current Market Cap: $271.4M
For an in-depth examination of AFRI stock, go to TipRanks’ Overview page.