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Forafric Global PLC (AFRI) is an essential consumer products company in the additional food manufacturing industry, based in Gibraltar, Gibraltar, with about 600 full-time employees.
It reported revenue of $274.22 million for fiscal year 2024, down 10.2% from fiscal year 2023, and net income of -$24.33 million. Its largest business segment, Soft Wheat, brought in 85% of segment revenue in fiscal year 2025; Morocco was the largest region with 68%. Its market capitalization was $342.98 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2024; market data as of October 9, 2026.
Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco and West Africa. It operates through Soft Wheat, Durum Wheat, and Couscous and Pasta segments. The company provides wheat flours and semolina; and secondary processing products, such as pasta and couscous.
Forafric Global reported $274.22 million in revenue for fiscal year 2024, down 10.2% from $305.48 million in fiscal year 2023.
Soft Wheat, with $150.14 million or 85% of segment revenue in fiscal year 2025. Next: Couscous & Pasta (10%) and Durum Wheat (4%).
Morocco: 68% of revenue by region in fiscal year 2025, followed by Mali (21%).
$342.98 million as of October 9, 2026.
Listed companies of a similar size in the same industry (additional food manufacturing) include McCormick & Company, Incorporated (MKC), The Marzetti Company (MZTI), Flowers Foods, Inc. (FLO), Australian Oilseeds Holdings Limited (COOT).