Willi-Food(WILC)

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G. WILLI-FOOD INTERNATIONAL ANNOUNCES DIVIDEND DISTRIBUTION OF NIS 20 MILLION (US$5.8 MILLION)
Prnewswire· 2025-08-12 12:20
YAVNE, Israel, Aug. 12, 2025 /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 that the Company's Board of Directors has declared a cash dividend distribution of approximately NIS 1.44 per ordinary share and an aggregate dividend of NIS 20 million (approximately US$0.42 and US$5.8 million respectively, based on the represe ...
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF SECOND QUARTER 2025 WITH RECORD HIGH RESULTS
Prnewswire· 2025-08-12 12:15
THE COMPANY REPORT ITS HIGHEST-EVER QUARTERLY REVENUE, OPERATING PROFIT, PROFIT BEFORE TAX, AND NET INCOMEYAVNE, Israel, Aug. 12, 2025 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or "Willi-Food"), a global company specializing in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the second quarter ended June 30, 2025.Second Quarter Fiscal Year 2025 Sales increased by 9.4% to NIS 160.5 million (US$ ...
G Willi-Food Is Performing, But I Prefer To Wait For Downcycle Opportunities
Seeking Alpha· 2025-07-08 15:27
Since I last covered G Willi-Food International (NASDAQ: WILC ) at the beginning of 2025, the company posted very good 4Q24 and 1Q25 results, in line with the trend seen in my initiation article.Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the indust ...
Willi-Food(WILC) - 2025 Q1 - Quarterly Report
2025-05-19 10:04
Exhibit 99.1 FOR IMMEDIATE RELEASE G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2025 GROSS PROFIT INCREASED BY 28.8% AND OPERATING PROFIT INCREASED BY 71.7% OVER COMPARABLE PERIOD IN 2024 YAVNE, Israel – May 18, 2025 - G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended Marc ...
Willi-Food(WILC) - 2024 Q4 - Annual Report
2025-03-17 15:40
Financial Performance - Revenues for fiscal year 2024 increased by 6% to NIS 575.8 million (USD 157.9 million) from NIS 543.3 million (USD 149.8 million) in fiscal year 2023[162] - Gross profit for fiscal year 2024 increased by 33.8% to NIS 161.3 million (USD 44.2 million), representing 28.0% of revenues, compared to 22.2% of revenues in fiscal year 2023[163] - Operating profit for fiscal year 2024 increased by 169.7% to NIS 54.9 million (USD 15.1 million), or 9.5% of revenues, from NIS 20.4 million (USD 5.6 million) in fiscal year 2023[167] - Financial income, net, for fiscal year 2024 totaled NIS 37.8 million (USD 10.4 million), compared to NIS 18.8 million (USD 5.2 million) in fiscal year 2023[168] - Net profit for fiscal year 2024 increased by 122.1% to NIS 70.3 million (USD 19.3 million), or NIS 5.07 (USD 1.39) per share, from NIS 31.7 million (USD 8.7 million) in fiscal year 2023[171] Cash Flow and Working Capital - Cash and cash equivalents as of December 31, 2024, were NIS 122.9 million (USD 33.7 million), down from NIS 137.5 million (USD 37.9 million) as of December 31, 2023[173] - Trade receivables as of December 31, 2024, were NIS 171.3 million (USD 47.0 million), compared to NIS 160.4 million (USD 44.2 million) as of December 31, 2023[180] - Net cash from operating activities for fiscal year 2024 was approximately NIS 42.9 million (USD 11.8 million), up from NIS 33.7 million (USD 9.2 million) in fiscal year 2023[175] - Net cash used in investing activities for fiscal year 2024 was approximately NIS 45.7 million (USD 12.5 million), compared to NIS 4.7 million (USD 1.3 million) in fiscal year 2023[176] - Working capital as of December 31, 2024, was NIS 463.9 million (USD 127.2 million), compared to NIS 444.0 million (USD 122.4 million) as of December 31, 2023[178] Economic Indicators - The GDP growth rate in Israel is expected to be 4.0% in 2025 and 4.5% in 2026, driven by increased private consumption and investment[189] - The unemployment rate decreased from 3.3% at the end of 2023 to 3.1% at the end of 2024[190] - The government budget deficit increased to 7.7% of GDP in 2024, up from 4.2% in 2023, with an expected reduction to 4.7% in 2025[191] - The debt-to-GDP ratio is projected to rise to 69% by the end of 2025, compared to approximately 60% before the war[191] - The Bank of Israel maintained the interest rate at 4.5% during the second half of 2024 and into 2025[192] - The annual inflation rate in Israel was 3.4% in 2024, with long-term inflation expectations remaining stable[190] Company Strategy and Risks - The company is assessing the financial stability of its customers through various means, including examining bank accounts and monitoring negative publicity[193] - The company has not entered into any index-linked loans in 2024, indicating a cautious approach to financial agreements[190] - The company faces risks from market competition and changes in consumer preferences, which could impact its operating results[20] - The company is controlled by Willi-Food Investments Ltd., which holds a significant concentration of shares[20]
G. WILLI-FOOD INTERNATIONAL ANNOUNCES DIVIDEND DISTRIBUTION OF NIS 30 MILLION (US$8.27 MILLION)
Prnewswire· 2025-03-11 15:35
Company Overview - G. Willi-Food International Ltd. specializes in the development, marketing, and international distribution of kosher foods, offering over 650 food products worldwide [3] - The company operates through its divisions, including Willi-Food in Israel and Euro European Dairies, focusing on branded kosher dairy products [3] Dividend Announcement - The Board of Directors has declared a cash dividend distribution of approximately NIS 2.16 per ordinary share, totaling an aggregate dividend of NIS 30 million (approximately US$0.6 and US$8.27 million) [1][2] - The dividend is payable to shareholders of record as of March 24, 2025, and will be distributed on April 7, 2025 [2] Market Position - G. Willi-Food is one of Israel's leading food importers, marketing its products to over 1,500 customers and 3,000 selling points globally, including large retail chains and wholesalers [3]
G. WILLI-FOOD INTERNATIONAL REPORTS RECORD HIGH ANNUAL SALES AND NET PROFIT IN 2024
Prnewswire· 2025-03-11 15:29
Core Viewpoint - G. Willi-Food International Ltd. reported record high annual profit before tax of NIS 92.7 million (US$ 25.4 million) for the fiscal year 2024, despite facing significant challenges due to the "Iron Sword" war in Israel and supply chain disruptions [1][14]. Fiscal Year 2024 Highlights - Sales increased by 6.0% to NIS 575.8 million (US$ 157.9 million) from NIS 543.3 million (US$ 149.0 million) in fiscal year 2023 [6][10]. - Gross profit rose by 33.8% to NIS 161.3 million (US$ 44.2 million), representing 28.0% of revenues, compared to NIS 120.6 million (US$ 33.1 million) or 22.2% of revenues in fiscal year 2023 [7][10]. - Operating profit before other expenses increased by 228.2% to NIS 66.3 million (US$ 18.2 million), or 11.5% of revenues, from NIS 20.2 million (US$ 5.5 million) in fiscal year 2023 [9][10]. - Net profit surged by 121.8% to NIS 70.3 million (US$ 19.3 million), with basic earnings per share of NIS 5.07 (US$ 1.39) [10][14]. Management Commentary - Management expressed satisfaction with the financial results, highlighting the successful import of sufficient inventory and a focus on a more profitable product mix despite operational challenges [3][4]. - The company is optimistic about continued improvement and growth in 2025 and beyond [5]. Financial Performance Summary - Selling expenses decreased by 6.7% to NIS 68.9 million (US$ 18.9 million), or 12.0% of revenues, from NIS 73.9 million (US$ 20.3 million) in fiscal year 2023 [8][10]. - General and administrative expenses remained stable at NIS 26.2 million (US$ 7.2 million), or 4.6% of revenues [8]. - Financial income, net for fiscal year 2024 totaled NIS 37.8 million (US$ 10.4 million), compared to NIS 18.8 million (US$ 5.2 million) in fiscal year 2023 [13]. Future Outlook - The company is constructing a new advanced logistics center expected to be completed by the end of 2025, which aims to enhance logistical capabilities and enable expansion into new product categories [4].
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF THIRD QUARTER 2024
Prnewswire· 2024-11-20 13:40
Core Viewpoint - G. Willi-Food International Ltd. reported strong financial results for the third quarter of fiscal year 2024, with significant increases in sales, gross profit, operating profit, and net profit compared to the same period in 2023, despite challenges from geopolitical tensions affecting logistics and supply chains [2][3][10]. Financial Performance - Sales for Q3 2024 increased by 23.3% to NIS 152.8 million (US$ 41.2 million) from NIS 123.9 million (US$ 33.4 million) in Q3 2023 [2][4]. - Gross profit rose by 78.3% year-over-year to NIS 42.0 million (US$ 11.3 million), representing 27.5% of revenues, compared to 19.0% in Q3 2023 [5][10]. - Operating profit surged by 3,401.4% year-over-year to NIS 17.6 million (US$ 4.7 million) from NIS 0.4 million (US$ 0.1 million) in Q3 2023 [8][10]. - Net profit increased by 323.0% year-over-year to NIS 20.8 million (US$ 5.6 million), or NIS 1.5 (US$ 0.4) per share, compared to NIS 4.9 million (US$ 1.3 million) in Q3 2023 [10][11]. Operational Insights - The company maintained sufficient inventory levels to meet increasing product demand, which contributed to the sales growth [3][4]. - Management highlighted improvements in commercial terms with customers and suppliers as a key factor in enhancing profitability [3][5]. - A new logistics center is under construction, expected to be completed in the second half of 2025, aimed at improving operational capabilities and supporting increased product imports and sales [3][10]. Year-to-Date Performance - For the first nine months of fiscal 2024, sales increased by 7.7% to NIS 435.5 million (US$ 117.4 million) compared to NIS 404.5 million (US$ 109.0 million) in the same period of 2023 [11][13]. - Gross profit for the nine-month period rose by 36.7% year-over-year to NIS 122.5 million (US$ 33.0 million), or 28.1% of revenues [14][20]. - Operating profit before other expenses increased by 251.4% year-over-year to NIS 50.4 million (US$ 13.6 million) [16][20]. Cash and Securities - As of September 30, 2024, the company reported a cash and securities balance of NIS 225.7 million (US$ 60.8 million) [10][20].
Willi-Food(WILC) - 2024 Q3 - Quarterly Report
2024-11-20 13:23
Financial Performance - Sales increased by 23.3% to NIS 152.8 million (US$ 41.2 million) from NIS 123.9 million (US$ 33.4 million) in Q3 2023[5] - Gross profit increased by 78.3% year-over-year to NIS 42.0 million (US$ 11.3 million), representing 27.5% of revenues[7] - Operating profit surged by 3,401.4% year-over-year to NIS 17.6 million (US$ 4.7 million) compared to NIS 0.4 million (US$ 0.1 million) in Q3 2023[10] - Net profit rose by 323.0% year-over-year to NIS 20.8 million (US$ 5.6 million), or NIS 1.5 (US$ 0.4) per share[12] - For the first nine months of 2024, sales increased by 7.7% to NIS 435.5 million (US$ 117.4 million) compared to NIS 404.5 million (US$ 109.0 million) in the same period of 2023[14] - Gross profit for the first nine months of 2024 increased by 36.7% to NIS 122.5 million (US$ 33.0 million), or 28.1% of revenues[15] - Operating profit before other expenses for the first nine months of 2024 increased by 251.4% to NIS 50.4 million (US$ 13.6 million)[17] - Profit for the period for the nine months ended September 30, 2024, was NIS 46,151, compared to NIS 20,619 in 2023, marking an increase of about 123.5%[30] - Basic earnings per share for the nine months ended September 30, 2024, were NIS 3.33, up from NIS 1.49 in 2023, representing a growth of approximately 123.5%[30] Cash and Assets - Cash and securities balance stood at NIS 225.7 million (US$ 60.8 million) as of September 30, 2024[12] - Total current assets increased to NIS 516,470 as of September 30, 2024, compared to NIS 470,779 in 2023, reflecting a growth of approximately 9.7%[30] - Cash and cash equivalents at the end of the financial year were NIS 111,262, down from NIS 121,231 at the end of the previous year, a decrease of about 8.1%[32] Liabilities and Expenses - Total current liabilities rose to NIS 63,276 as of September 30, 2024, compared to NIS 31,194 in 2023, indicating an increase of about 102.5%[30] - The depreciation and amortization expense for the nine months ended September 30, 2024, was NIS 5,583 thousand, compared to NIS 5,008 thousand in 2023, reflecting an increase of approximately 11.4%[34] - The income tax paid for the nine months ended September 30, 2024, was NIS 11,171 thousand, slightly higher than NIS 10,817 thousand in 2023[34] Cash Flow - Net cash from continuing operating activities for the nine months ended September 30, 2024, was NIS 16,122, compared to NIS 8,394 in 2023, an increase of approximately 92.5%[32] - For the nine months ended September 30, 2024, the net cash flows used in operating activities amounted to NIS 30,029 thousand, compared to NIS 12,225 thousand for the same period in 2023[34] - The cash generated from operations for the three months ended September 30, 2024, was NIS 10,323 thousand, a decrease from NIS 19,817 thousand in the same period of 2023[34] Financial Income - Financial income, net for the first nine months of 2024 totaled NIS 23.2 million (US$ 6.3 million), compared to NIS 11.6 million (US$ 1.6 million) in the same period of 2023[21] - Total financial income for the nine months ended September 30, 2024, was NIS 23,223, up from NIS 11,592 in 2023, representing an increase of about 100.5%[30] Operational Developments - The company is continuing the construction of a new logistics center, expected to be completed in the second half of 2025, to enhance operational capabilities[4] Market and Inventory - The unrealized losses on marketable securities for the nine months ended September 30, 2024, were NIS 13,058 thousand, significantly higher than NIS 3,297 thousand in the same period of 2023[34] - The decrease in inventories for the nine months ended September 30, 2024, was NIS 35,321 thousand, compared to a decrease of NIS 3,878 thousand in the same period of 2023[34] Trade Payables - The increase in trade payables and other current liabilities for the nine months ended September 30, 2024, was NIS 24,495 thousand, compared to a decrease of NIS 10,935 thousand in the same period of 2023[34] Stock-Based Compensation - The stock-based compensation reserve for the nine months ended September 30, 2024, was NIS 392 thousand, a decrease from NIS 926 thousand in 2023[34] Exchange Gains - The exchange gains on cash and cash equivalents for the nine months ended September 30, 2024, were NIS 1,629 thousand, compared to NIS 633 thousand in the same period of 2023[34] Capital Gains - The capital gain on the disposal of property, plant, and equipment for the nine months ended September 30, 2024, was NIS 143 thousand, compared to NIS 25 thousand in 2023[34]
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF SECOND QUARTER 2024
Prnewswire· 2024-08-13 13:49
Core Viewpoint - G. Willi-Food International Ltd. reported significant financial improvements in the second quarter of 2024, with increases in sales, gross profit, and net profit compared to the same period in 2023, despite facing an administrative fine [1][2][3]. Second Quarter Fiscal Year 2024 Summary - Sales increased by 13.5% to NIS 146.7 million (US$ 39.0 million) from NIS 129.2 million (US$ 34.4 million) in Q2 2023 [1][3]. - Gross profit rose by 76.2% year-over-year to NIS 45.9 million (US$ 12.2 million), representing 31.3% of revenues, compared to 20.2% in Q2 2023 [1][3]. - Operating profit before other expenses surged by 2,080.2% to NIS 21.2 million (US$ 5.6 million) from NIS 1.0 million (US$ 0.3 million) in Q2 2023 [1][3]. - Operating profit after other expenses increased by 891.2% to NIS 9.6 million (US$ 2.6 million) from NIS 1.0 million (US$ 0.3 million) in Q2 2023 [1][3]. - Net profit grew by 40.6% year-over-year to NIS 6.8 million (US$ 1.8 million), or NIS 0.5 (US$ 0.1) per share, compared to NIS 4.9 million (US$ 1.3 million) in Q2 2023 [1][3]. First Half Fiscal Year 2024 Highlights - Sales for the first half of 2024 increased by 0.7% to NIS 282.7 million (US$ 75.2 million) from NIS 280.6 million (US$ 74.6 million) in the first half of 2023 [4][5]. - Gross profit for the first half rose by 21.9% to NIS 80.6 million (US$ 21.4 million), or 28.5% of revenues, compared to 23.6% in the first half of 2023 [4][5]. - Operating profit before other expenses increased by 135.0% to NIS 32.8 million (US$ 8.7 million) from NIS 14.0 million (US$ 3.7 million) in the first half of 2023 [4][6]. - Net profit for the first half increased by 61.6% to NIS 25.4 million (US$ 6.8 million), or NIS 1.8 (US$ 0.5) per share, compared to NIS 15.7 million (US$ 4.2 million) in the first half of 2023 [4][6]. Management Commentary - Management expressed satisfaction with the financial results, highlighting improvements in all operational parameters and the successful compensation for earlier sales declines through increased inventory and product availability [2].