Willi-Food(US:WILC)2025-11-17 11:01Financial Performance - Sales for the third quarter of 2025 were NIS 152.8 million (US$ 46.2 million), remaining at the same level compared to the third quarter of 2024[7] - Gross profit increased by 2.6% year-over-year to NIS 43.1 million (US$ 13.0 million), representing 28.2% of revenues[9] - Operating profit increased by 4.1% year-over-year to NIS 18.3 million (US$ 5.5 million)[11] - Net profit for the third quarter was NIS 19.2 million (US$ 5.8 million), or NIS 1.4 (US$ 0.4) per share[13] - Sales for the nine-month period ending September 30, 2025, increased by 5.2% to NIS 458.2 million (US$ 138.6 million)[15] - Gross profit for the first nine months of 2025 increased by 7.5% to NIS 131.7 million (US$ 39.8 million), or 28.7% of revenues[16] - Operating profit before other expenses for the first nine months of 2025 increased by 16.7% to NIS 58.8 million (US$ 17.8 million)[19] - Net profit increased by 52.9% year-over-year to NIS 70.6 million (US$ 21.3 million), or 15.4% of sales[22] Cash and Assets - Cash and securities balance was NIS 225.4 million (US$ 68.2 million) as of September 30, 2025[13] - Total current assets as of September 30, 2025, were NIS 512,859 thousand, slightly down from NIS 516,470 thousand as of September 30, 2024[30] - Total non-current assets increased to NIS 190,289 thousand as of September 30, 2025, from NIS 146,794 thousand in 2024, reflecting a growth of approximately 29.6%[30] - Total current liabilities decreased to NIS 51,941 thousand as of September 30, 2025, from NIS 63,276 thousand in 2024, a reduction of about 18%[30] - Shareholders' equity attributable to owners of the Company increased to NIS 634,616 thousand as of September 30, 2025, compared to NIS 588,794 thousand in 2024, indicating a growth of approximately 7.8%[30] Cash Flow and Receivables - Net cash from continuing operating activities for the nine months ended September 30, 2025, was NIS 38,789 thousand, significantly higher than NIS 16,122 thousand in the same period of 2024[34] - Net cash flows from operating activities for the nine months ended September 30, 2025, were negative at NIS 31,767 thousand, compared to negative NIS 30,029 thousand for the same period in 2024[35] - Cash generated from operations for the three months ended September 30, 2025, was NIS 24,279 thousand, a significant increase from NIS 14,933 thousand in the previous year[35] - The company reported an increase in trade receivables of NIS 17,135 thousand for the nine months ended September 30, 2025, compared to a decrease of NIS 1,764 thousand in the same period of 2024[35] Expenses and Tax - Depreciation and amortization expenses for the nine months ended September 30, 2025, were NIS 5,829 thousand, up from NIS 5,583 thousand in 2024[35] - Income tax paid for the nine months ended September 30, 2025, was NIS 16,757 thousand, compared to NIS 11,171 thousand in 2024[35] Inventory and Marketable Securities - The company experienced a decrease in inventories of NIS 10,177 thousand for the nine months ended September 30, 2025, compared to a decrease of NIS 35,321 thousand in the same period of 2024[35] - The unrealized gains on marketable securities increased to NIS 24,646 thousand for the nine months ended September 30, 2025, compared to NIS 13,058 thousand in 2024[35] Stock-Based Compensation and Exchange Loss - Stock-based compensation reserve increased to NIS 1,039 thousand for the nine months ended September 30, 2025, from NIS 392 thousand in 2024[35] - Exchange loss on cash and cash equivalents was NIS 1,225 thousand for the nine months ended September 30, 2025, compared to a gain of NIS 1,629 thousand in 2024[35] Capital Gains - The company reported a capital gain on the disposal of property, plant, and equipment of NIS 95 thousand for the nine months ended September 30, 2025, down from NIS 143 thousand in 2024[35] Future Developments - The new refrigerated logistics center is expected to open toward the end of the first quarter of 2026, enhancing logistical capabilities and product availability[6]