Sadot Group Inc.

Welcome to Sadat Group Inc. Q1 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. 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, Amy Infante, Chief Marketing Officer. You may begin.

Thanks, Operator. Before we get started, we would 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, forecasts, 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 Siddharth Group Inc.' 's most recently filed Form 10-K and elsewhere in documents that Siddharth 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 interest. 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 Financial Officer, Jennifer Black, and Interim Chief Executive Officer, David Hanna. Throughout this presentation, we will be referring to David Hanna as CEO, which his appointment begins June 2, 2025. Jennifer will be presenting prepared remarks related to Sadat Group's financials filed on May 14, 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 would like to turn it over to Siddharth Group's CFO, Jennifer Black.

Jennifer? Thank you, Amy. Before I begin, please note that our financial results for the quarter ending March 31, 2025 on Form 10-Q were filed with the SEC yesterday, May 14, 2025, along with the press release on that same day. Our Siddharth AgriFoods revenue was $132.2 million in Q1. the company completed 76 transactions in Q1 across 17 different countries. Revenue increased by 25.7 million as compared to Q1 2024, an increase of 24.1% over 2024. Net income attributable to Siddharth Group improved to 0.9 million in Q1 2025 compared to a 0.3 million net loss in Q1 of 2024 This is an improvement of $1.2 million over Q1 of 2024. EBITDA rose to $2.5 million compared to $0.1 million in the prior period. Both basic and dilutive earnings per share, as attributable to Siddharth Group, was positive $0.18 per share compared to a negative $0.06 per share in the prior year. SG&A expenses were $3.1 million this quarter an increase of over $1.7 million compared to last year. The increase in SG&A was mostly attributable to reclassifying some expenses from cost of goods sold to an SG&A, which better reflects the actual cost of goods sold, shifting wages for administrative personnel, insurance, and other items into the general SG&A account. Looking at our balance sheet, the company had a cash balance of $1.9 million and working capital surplus of $21.9 million. It is important to note that as a part of our ongoing strategy, we continue to reinvest our cash into agri-food commodity trading business to drive revenue, growth, and acquire strategic assets. We are proud to report Q1 was our fourth consecutive profitable quarter and an improvement versus Q1 of 2024. which was our last negative quarter we reported. We believe positive changes are occurring across our business. With that, I would like to turn the call over to David to introduce himself.