G. WILLI-FOOD INTERNATIONAL REPORTS HIGHEST SALES AND A RECORD HIGH WITH ALL PROFIT PARAMETERS IN 2025
THE COMPANY REPORTS RECORD HIGH ANNUAL PROFIT BEFORE TAX OF NIS 116.6 MILLION (US$ 36.5 MILLION)
YAVNE, Israel, March 24, 2026 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (TASE: WILF) (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its financial results for the fiscal year ended December 31, 2025.
Fiscal Year 2025 Highlights
Management Comment
Zwi Williger Chairman and Joseph Williger CEO, commented: "We are proud to conclude 2025 with record results, reporting the highest annual sales and the strongest performance across all profit measures in the Company's history. These achievements reflect the consistent execution of our strategic plan throughout the year — including strengthening our commercial terms with suppliers and customers, focusing on a more profitable product mix, expanding our product portfolio, and maintaining high product availability to meet growing demand. Throughout 2025, we demonstrated resilience and operational excellence, delivering steady growth in sales while significantly improving margins and profitability. Our record income before taxes and net profit underscore the strength of our business model and our disciplined financial management. A key strategic milestone for the Company is the construction of our new state-of-the-art refrigerated logistics center. This advanced facility is expected to become operational during the second half of 2026 and will serve as a major growth engine for the coming years. The new logistics center will substantially enhance our storage and distribution capabilities, improve operational efficiencies, support entry into new product categories — particularly frozen and chilled products — and enable us to scale our business to meet increasing demand. We also continue to operate against a complex and evolving security backdrop in Israel and the region, including a joint military operation launched by the State of Israel and the United States against the Islamic Republic of Iran, referred to by Israel as "Lion's Roar" and by the United States as "Epic Fury." Despite these challenges, the Company has maintained full business continuity, with no material disruption to its operations, including the consistent supply of goods and ongoing distribution to customers. Our ability to sustain routine operations during such periods reflects the resilience of our organization, the strength of our supply chain, and the dedication of our employees. We remain hopeful for an improvement in the security situation and for a future of stability, prosperity, and peace across the region. Looking ahead, we remain confident in our ability to continue generating sustainable growth and long-term value for our shareholders, supported by our strong financial position, experienced management team, and strategic investments in infrastructure and product expansion".
Fiscal 2025 Summary
Sales for fiscal year 2025 increased by 6.0% to NIS 610.6 million (US$ 191.4 million) from NIS 575.8 million (US$ 180.5 million) recorded in fiscal year 2024. The Company attributes the growth in sales primarily to an increase in inventory levels and improved product availability, which supported the growing demand for its products. The increase also reflects higher demand for the Company's products.
Gross profit for fiscal year 2025 increased by 8.4% to NIS 174.8 million (US$ 54.8 million), or 28.6% of revenues, from NIS 161.3 million (US$ 50.6 million), or 28.0% of revenues recorded in fiscal year 2024. The increases in gross profit and gross margins were due to the Company's efforts to improve its commercial terms with its customers and suppliers, focus on selling a more profitable products portfolio and due to favorable exchange rates compared to 2024.
Selling expenses for fiscal year 2025 increased by 4.1% to NIS 71.7 million (US$ 22.5 million), or 11.7% of revenues, from NIS 68.9 million (US$ 21.6 million), or 12.0% of revenues recorded in fiscal year 2024. The increase was primarily due to employee compensation tied to the Company's sales performance, as well as an increase in transportation and other logistics costs.
General and administrative expenses for fiscal year 2025 increased by 9.9% to NIS 28.8 million (US$ 9.0 million), or 4.7% of revenues, from NIS 26.2 million (US$ 8.2 million), or 4.5% of revenues recorded in fiscal year 2024. The increase was primarily due to the provision for profit-based compensation to senior management resulting from the higher operating profit and the results of the share-based payment program.
Operating profit before other expenses (income) for fiscal year 2025 increased by 12.2% to NIS 74.3 million (US$ 23.3 million), or 12.2% of revenues, from NIS 66.3 million (US$ 20.8 million), or 11.5% of revenues, recorded in fiscal year 2024. The increase was primarily due to the increase in gross profit.
There were no other expenses for fiscal year 2025. Other expenses for the corresponding period in 2024 were NIS 11.6 million (US$ 3.5 million), primarily related to an agreement the Company reached with the Israel Competition Authority to pay an administrative fine. For further details, please see the Company's report on Form 6-K submitted to the Securities and Exchange Commission on July 17, 2024.
Operating profit for fiscal year 2025 increased by 35.6% to NIS 74.4 million (US$ 23.3 million), or 12.2% of revenues, from NIS 54.9 million (US$ 17.2 million), or 9.5% of revenues, recorded in fiscal year 2024. This increase was primarily due to the increase in gross profit and a reduction in operating expenses compared to sales being offset by the administrative fine of NIS 11.6 million (US$ 3.6 million).
Financial income, net for fiscal year 2025 totaled NIS 42.2 million (US$ 13.2 million), compared to NIS 37.8 million (US$ 11.8 million) recorded in fiscal year 2024. Financial income, net, for fiscal year 2025 was comprised mainly of the revaluation of the Company's portfolio of securities in the amount of NIS 33.0 million (US$ 10.3 million) and interest and dividend income from the Company's portfolio of securities in an amount of NIS 10.6 million (US$ 3.3 million).
Willi-Food's income before taxes for fiscal year 2025 was NIS 116.6 million (US$ 36.5 million), compared to NIS 92.7 million (US$ 29.1 million) in fiscal year 2024.
Willi-Food's net profit in fiscal year 2025 was NIS 90.4 million (US$ 28.3 million), or NIS 6.49 (US$ 2.04) per share, compared to NIS 70.3 million (US$ 22.0 million), or NIS 5.07 (US$ 1.6) per share, recorded in fiscal year 2024.
Willi-Food ended fiscal year 2025 with NIS 124.2 million (US$ 38.9 million) in cash and cash equivalents. Net cash from operating activities in fiscal year 2025 was NIS 58.8 million (US$ 18.4 million). Willi-Food's shareholders' equity at the end of December 2025 was NIS 655.1 million (US$ 205.4 million).
NOTE A: NIS to US$ exchange rate used for convenience only
The conversion from New Israeli Shekels (NIS) into U.S. dollars was made at the exchange rate of US$ 1.00 to NIS 3.190 as of December 31, 2025. The use of US$ is solely for the convenience of the reader.
NOTE B: IFRS
The Company's consolidated financial results for the fiscal year ended December 31, 2025 are presented in accordance with International Financial Reporting Standards.
ABOUT G. WILLI-FOOD INTERNATIONAL LTD.
G. Willi-Food International Ltd. ( http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 650 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,500 customers and 3,000 selling points in Israel and around the world, including large retail and private supermarket chains, wholesalers, and institutional consumers. The Company's operating divisions include Willi-Food in Israel and Euro European Dairies, a wholly owned subsidiary that designs, develops and distributes branded kosher, dairy-food products.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected sales, operating results, and earnings. Forward-looking statements include statements regarding the construction of the Company's new logistics center and its expected benefits. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied in those forward-looking statements. These risks and other factors include, but are not limited to: delays in the construction of the Company's new logistics center and the risk that its expected benefits will not materialize; inability to sustain improvements and growth in the future; monetary risks including changes in marketable securities or changes in currency exchange rates, especially the NIS/U.S. Dollar exchange rate; payment default by any of our major clients; the loss of one or more of our key personnel; changes in laws and regulations, including those relating to the food distribution industry; and inability to meet and maintain regulatory qualifications and approvals for our products; termination of arrangements with our suppliers; loss of one or more of our principal clients; increase or decrease in global purchase prices of food products; increasing levels of competition in Israel and other markets in which we do business; changes in political, economic, and military conditions in Israel, particularly the recent war in Israel; economic conditions in the Company's core markets; delays and price increases due to the attacks on global shipping routes in the Red Sea; our inability to accurately predict consumption of our products and changes in consumer preferences; our inability to protect our intellectual property rights; our inability to successfully integrate our recent acquisitions; insurance coverage not sufficient to cover losses of product liability claims; risks associated with product liability claims; and risks associated with the start of credit extension activity. We cannot guarantee future results, levels of activity, performance, or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 23, 2026. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release.
G. WILLI‑FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
December 31,
December 31,
2 0 2 5
2 0 2 4
2 0 2 5
2 0 2 4
NIS
US dollars (*)
(in thousands)
ASSETS
Current assets
Cash and cash equivalents
124,158
122,938
38,921
38,539
Financial assets at fair value through profit or loss
124,591
123,189
39,057
38,617
Trade receivables, Net
181,762
171,331
56,979
53,709
Other receivables and prepaid expenses
2,244
7,384
703
2,315
Inventories, Net
94,074
98,234
29,490
30,794
Current tax assets
1,585
744
497
233
Total current assets
528,414
523,820
165,647
164,207
Non-current assets
Property, plant and equipment
201,692
168,217
63,226
52,733
Less -Accumulated depreciation
63,468
58,349
19,896
18,291
138,224
109,868
43,330
34,442
Right of use asset
4,562
4,814
1,430
1,509
Financial assets at fair value through profit or loss
49,067
47,842
15,381
14,997
Goodwill
36
36
11
10
Total non-current assets
191,889
162,560
60,152
50,958
720,303
686,380
225,799
215,165
EQUITY AND LIABILITIES
Current liabilities
Current maturities of lease liabilities
2,191
2,179
687
683
Trade payables
23,291
28,203
7,301
8,841
Employee Benefits
4,861
4,532
1,524
1,421
Other payables and accrued expenses
17,438
25,015
5,466
7,842
Total current liabilities
47,781
59,929
14,978
18,787
Non-current liabilities
Lease liabilities
2,739
2,521
859
790
Deferred taxes
13,331
9,888
4,179
3,100
Retirement benefit obligation
1,361
1,102
427
345
Total non-current liabilities
17,431
13,511
5,465
4,235
Shareholders' equity
Share capital
1,492
1,491
467
467
Additional paid in capital
174,700
173,062
54,765
54,251
Remeasurement of the net liability in respect of defined benefit
(256)
(256)
(81)
(80)
Capital fund
247
247
77
77
Retained earnings
479,536
439,024
150,325
137,625
Treasury shares
(628)
(628)
(197)
(197)
Equity attributable to owners of the Company
655,091
612,940
205,356
192,143
720,303
686,380
225,799
215,165
(*) Convenience translation into U.S. dollars.
G. WILLI‑FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the year ended
December 31,
For the year ended
December 31,
2 0 2 5
2 0 2 4
2 0 2 5
2 0 2 4
NIS
US dollars (*)
In thousands (except per share and share data)
Sales
610,605
575,795
191,412
180,500
Cost of sales
435,781
414,461
136,609
129,925
Gross profit
174,824
161,334
54,803
50,575
Operating costs and expenses:
Selling expenses
71,721
68,893
22,483
21,597
General and administrative expenses
28,767
26,165
9,018
8,202
Operating profit before other expenses (income)
74,336
66,276
23,302
20,776
Other expenses (income)
(95)
11,402
(31)
3,574
Operating profit
74,431
54,874
23,333
17,202
Financial income
44,784
39,741
14,039
12,458
Financial expense
2,628
1,933
824
606
Total Financial income
42,156
37,808
13,215
11,852
Income before taxes on income
116,587
92,682
36,548
29,054
Taxes on income
26,156
22,367
8,199
7,012
Profit for the period
90,431
70,315
28,349
22,042
Earnings per share:
Basic earnings per share
6.50
5.07
2.04
1.59
Diluted earnings per share
6.50
5.07
2.04
1.59
Shares used in computation of
basic EPS
13,906,412
13,874,334
13,906,412
13,874,334
Shares used in computation of
diluted EPS
13,913,507
13,874,334
13,913,507
13,874,334
Actual number of shares
13,906,412
13,874,334
13,906,412
13,874,334
(*) Convenience translation into U.S. dollars.
G. WILLI‑FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
For the year ended
For the year ended
December 31,
December 31,
2 0 2 5
2 0 2 4
2 0 2 5
2 0 2 4
NIS
US dollars (*)
In thousands
CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations
90,431
70,315
28,349
22,042
Adjustments to reconcile net profit to net cash from continuing
operating activities (Appendix A)
(31,630)
(27,342)
(9,916)
(8,572)
Net cash from continuing operating activities
58,801
42,973
18,433
13,470
CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment
(5,801)
(5,414)
(1,818)
(1,697)
Acquisition of property plant and equipment under construction
(28,172)
(43,332)
(8,833)
(13,584)
Proceeds from sale of property plant and Equipment
95
552
31
173
Proceeds from sale of marketable securities, net
29,750
2,482
9,326
778
Net cash used in continuing investing activities
(4,128)
(45,712)
(1,294)
(14,330)
CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments
(1,879)
(2,322)
(589)
(728)
Dividend
(49,919)
(9,982)
(15,649)
(3,129)
Net cash used to continuing financing activities
(51,798)
(12,304)
(16,238)
(3,857)
Increase (decrease) in cash and cash equivalents
2,875
(15,043)
901
(4,717)
Cash and cash equivalents at the beginning of the year
122,938
137,466
38,539
43,093
Exchange gains (losses) on cash and cash equivalents
(1,655)
515
(519)
161
Cash and cash equivalents at the end of the year
124,158
122,938
38,921
38,537
(*) Convenience Translation into U.S. Dollars.
G. WILLI-FOOD INTERNATIONAL LTD.
APPENDIX TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
CASH FLOWS - OPERATING ACTIVITIES:
A. Adjustments to reconcile net profit to net cash from continuing operating activities:
For the year ended
December 31,
For the year ended
December 31,
2 0 2 5
2 0 2 4
2 0 2 5
2 0 2 4
NIS
US dollars (*)
In thousands
Increase in deferred income taxes
3,443
5,020
1,079
1,574
Unrealized gains on marketable securities
(32,377)
(25,207)
(10,149)
(7,902)
Depreciation and amortization
5,617
(**) 5,177
1,761
(**) 1,623
Depreciation expense on right-to-use assets
2,361
(**) 2,125
740
(**) 666
Stock based payment
1,639
473
514
148
Capital gain on disposal of property, plant and equipment
(95)
(263)
(31)
(83)
Exchange gains on cash and cash equivalents
1,655
(515)
519
(161)
Changes in assets and liabilities:
Decrease in trade receivables and other receivables
17,212
18,047
5,396
5,657
Decrease (increase) in inventories
4,160
(35,759)
1,304
(11,210)
Increase (decrease) in trade payables, other
payables and other current liabilities
(11,901)
21,026
(3,731)
6,591
Cash generated used in operations
(8,286)
(9,876)
(2,598)
(3,097)
Income tax paid
(23,344)
(17,466)
(7,318)
(5,475)
Net cash flows used in operating activities
(31,630)
(27,342)
(9,916)
(8,572)
(*) Convenience Translation into U.S. Dollars.
(**) Reclassified
This information is intended to be reviewed in conjunction with the Company's filings with the Securities and Exchange Commission.
Company Contact:
G. Willi - Food International Ltd.
Yitschak Barabi, Chief Financial Officer
(+972) 8-932-1000
[email protected]
Logo - https://mma.prnewswire.com/media/959267/G_Willi_Food_International_Logo.jpg
SOURCE G. Willi-Food International Ltd.