Sadot Group — Second Quarter 2026 Earnings Summary

Financial Performance

• Reported revenue of $0.0 million for the quarter ended June 30, 2026, compared to $246.6 million in the prior-year period.
• Reported gross profit of $0.0 million, compared to $11.0 million in the prior-year period.
• Reported net income of $35.2 million, or $109.16 per diluted share.
• Reported an Adjusted EBITDA loss of $3.3 million.
• Held cash and cash equivalents of $0.1 million as of June 30, 2026.
• Financial statements were prepared assuming the Company will continue as a going concern.
• The Company faces recurring losses, negative working capital, and a stockholders' deficit.
• The Company has existing defaults under certain outstanding indebtedness.

Risks and Challenges

• Substantial doubt exists regarding the Company's ability to continue as a going concern within one year.
• The Company may be subject to delisting from the Nasdaq Capital Market if it fails to evidence compliance with the minimum stockholders' equity requirement (Rule 5550(b)(1)) by the filing of its periodic report for the period ending September 30, 2026.
• Management expects to raise additional capital and restructure, convert, or settle outstanding obligations, which are expected to be substantially dilutive to existing stockholders.
• Risks include the inability to successfully integrate and scale the TradeOS platform, lack of customer adoption, and potential delisting.
• Risks include substantial actual and potential dilution from outstanding convertible securities and limited authorized share capital.

Business Segments and Product Lines

• Completed the integration of the acquired TradeOS commodity trading and risk management platform across its trading operations in June 2026.
• The TradeOS acquisition was structured as an acquisition of specified assets, excluding employees, customers, receivables, or assumed liabilities.
• The platform was deployed across commodity trading desks, and the Company began onboarding counterparties.
• The first commercial transactions executed on the TradeOS platform occurred in July 2026, generating approximately $1,000,000 of gross revenue (not included in Q2 2026 results).
• Management believes the platform offers faster execution, greater transparency, and tighter risk controls to compete for broader trading relationships.

Management Commentary and Tone

• CEO Haggai Ravid stated the priority since the June closing has been deploying TradeOS and strengthening the balance sheet.
• Management noted significant work remains on integrating the platform, resolving outstanding obligations, and satisfying Nasdaq listing requirements.
• The tone acknowledges substantial challenges, including the need to raise capital and the uncertainty of future revenue contribution from the new platform.

Other Key Points

• On August 3, 2026, Nasdaq notified the Company that it complied with Rule 5550(b)(1), conditioned on evidencing compliance again upon filing the September 30, 2026 periodic report.
• The July 2026 TradeOS revenue of $1,000,000 is preliminary, subject to quarter-end closing procedures and independent auditor review, and is not material to expected Q3 2026 results.
• The Company is not providing guidance for third-quarter results and undertakes no obligation to update information regarding the TradeOS platform's future revenue contribution.
• The press release references a Form 10-Q filed on August 14, 2026, containing going-concern disclosures and risk factors.