Willi-Food(US:WILC) Prnewswireยท2025-05-19 10:00Core Viewpoint - G. Willi-Food International Ltd. reported strong financial results for the first quarter of fiscal year 2025, with significant increases in gross profit and operating profit, indicating a positive growth trajectory in sales and profitability [1][3][5]. Financial Performance - Sales for Q1 2025 increased by 6.5% to NIS 144.8 million (US$ 38.9 million) from NIS 136.0 million (US$ 36.6 million) in Q1 2024 [5][9]. - Gross profit rose by 28.8% to NIS 44.6 million (US$ 12.0 million), representing 30.8% of revenues, compared to NIS 34.7 million (US$ 9.3 million) or 25.5% of revenues in Q1 2024 [6][9]. - Operating profit surged by 71.7% to NIS 20.0 million (US$ 5.4 million), accounting for 13.8% of revenues, up from NIS 11.6 million (US$ 3.1 million) or 8.5% of revenues in the previous year [10][9]. - Net profit increased by 5.1% to NIS 19.5 million (US$ 5.2 million), with basic earnings per share of NIS 1.41 (US$ 0.38) compared to NIS 1.34 (US$ 0.4) in Q1 2024 [12][9]. Cost Management - Selling expenses rose by 3.9% to NIS 17.1 million (US$ 4.6 million), representing 11.8% of revenues, while general and administrative expenses increased by 15.4% to NIS 7.6 million (US$ 2.0 million), or 5.2% of revenues [7][8]. Strategic Initiatives - The company is focused on expanding its product portfolio and enhancing the shelf presence of core products to drive future sales growth [3][4]. - Investments are being made in a new logistics center expected to be completed by the end of the year, which is anticipated to support business expansion into new product categories, particularly chilled and frozen products [4][3]. Cash Position - As of March 31, 2025, the company had cash and cash equivalents of NIS 234.0 million (US$ 62.9 million) [13][9].