Sadot Group Inc.

Greetings. Welcome to SADOC Groups Inc. Q4 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Michael Roper, Chief Governance and Compliance Officer. You may begin.

Thanks, Operator. Before we get started, we'd like to state that this call may include forward-looking statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented on this call discusses financial projections, information, or expectations about the business plans, results of operations, products or markets, or otherwise make statements about future events, such statements may be forward-looking. Such forward-looking statements can be identified by the use of words such as should, may, intends, anticipates, believes, estimates, projects, forecast, expects, plans, and proposes. Although management believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. you are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading Risk Factors in Sadat Group Inc.' 's most recently filed Form 10-K and elsewhere in documents that Sadat Group Inc. files from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Sadat Group Inc. does not undertake any duty to update any forward-looking statements except as may be required by law. For this call, all numbers disclosed have been rounded to the closest 100,000 and percentages have been rounded to the closest tenth of a percent unless otherwise noted. All numbers disclosed in this report are the amounts attributable to Sadat Group Inc. and exclude the portion related to the non-controlling interests. On this call, we will refer to Sadat Group Inc. as Sadat Group, Sadat, or the company. With me on the call today are Sadat Group's Chief Executive Officer, Katia Georgiei, and Chief Financial Officer Jennifer Black. Katya and Jennifer will be presenting prepared remarks related to Sadat Group's financials filed on March 11, 2025, and those documents may be found on the company's website, Newswire feeds, and on the SEC's website linked from the Sadat Group's website at www.sadatgroupinc.com under the Investor tab. At this point, I'd like to turn it over to Sadat Group's CEO, Katya Georgiou. Katia.

Thank you, Michael, and good morning, everyone. I'm pleased to welcome everyone to today's earnings poll, where we will discuss our fourth quarter and full year 2024 results. Let's get right to it. 2024 was a milestone year for Saadat Group. We achieved positive net income for the full year for the first time in company history, reflecting the success of our strategic transformation into an emerging player in the global agri-commodity market. Some key financial highlights include, for Q4, 2024, the company generated consolidated revenue of 216.2 million, achieved net income of 0.7 million, an EBITDA of 2.2 million. For the full year ended December 31st, 2024, the company generated consolidated revenue of $700.9 million, achieved net income of $4 million, and EBITDA of $8.9 million. These numbers represent substantial improvements from 2023, demonstrating our ability to execute efficiently and drive sustainable profitability. To put this in perspective, Q4 net income improved by 2.6 million over Q4 2023. Q4 EBITDA improved by 4.3 million over Q4 2023. Full year net income improved by 11.8 million over full year 2023. Full year EBITDA improved by 15.1 million over full year 2023. These results validate the strategic shift we made in late 2022, establishing Sadot Group as a global player in agri-commodities. Before I turn the call over to Jennifer Black, our CFO, for more specifics, since this is my first earnings call as CEO, I'd like to take a moment to introduce myself. I consider myself an agri-industry expert. I was born and raised in Sao Paulo, Brazil, and began my career managing raw material supply for one of Brazil's largest milling groups. I later joined Cargill, where I spent 13 years executing high-value trading strategies, exporting over 7 million metric tons of grains annually. In 2016, I was invited by Olan International to build its grain and commodity trade operations in Brazil, scaling it to nearly $1 billion in annual revenue. So why did I join Sadot? The answer is simple, opportunity. When I look at Sadot, I see opportunity which presents itself in several ways. First, Sadot has built a strong professional and geographical foundation, and I see a tremendous opportunity to take the company to the next level. The company is ready for a proven industry leader to step in and drive results. I have built and scaled business for some of the largest agri-commodity companies in the world, and I believe SADOT has an opportunity to grow into something special with an experienced leader driving the company. I'm eager and ready to make an impact. Second, I believe SADOT presents a unique opportunity, both for me personally and as an outlier in the industry. In a short period of time, the company has existed. SADOT has built an impressive global operation. With a unique organization structure, leveraging a global footprint and industry experts in key areas, the company has the ability to react quickly to opportunities as they present themselves. Combining this with my proven history of launching and building global agri-commodity companies, I feel this is a perfect combination to scale SADOC in an aggressive way. And finally, my mission is clear. Execute aggressively to unlock SADOC's full potential, streamline operations to drive efficiency, expand strategically into new markets and commodities. There are plenty of opportunities in nearly 2 trillion global agri-commodity markets. With my leadership, our goal is to capture these opportunities and further grow the business. Now I'd like to turn the call over our CFO, Jennifer Black, to review the company's financial performance for the year and the fourth quarter of 2024. Jennifer?