US Market News
1週前
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2026May 26, 2026 7:50 AM
PR Newswire (US) GROSS PROFIT INCREASED BY 9.7% OVER COMPARABLE PERIOD IN 2025YAVNE, Israel, May 26, 2026 /PRNewswire/ -- 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 March 31, 2026. First Quarter Fiscal Year 2026Sales increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) in the first quarter of 2025.Gross profit increased by 9.7% year-over-year to NIS 49.0 million (US$ 15.5 million).Operating profit for the first quarter of 2026 is NIS 20.0 million (US$ 6.3 million).Net profit increased by 3.0% year-over-year to NIS 20.1 million (US$ 6.3 million).Basic earnings per share of NIS 1.44 (US$ 0.5).Cash and cash equivalents balance of NIS 274.1 million (US$ 86.6 million) as of March 31, 2026.Management Comment Zwi Williger, Chairman and Joseph Williger, CEO, commented: "We are pleased to begin 2026 with a strong first quarter, reflecting continued growth in both sales and profitability, driven by the consistent execution of our strategic plan.During the quarter, we remained focused on a more profitable product mix, while ensuring high product availability to support growing demand and further strengthen our relationships with customers and suppliers. In addition, the appreciation of the NIS against the U.S. dollar and the Euro supported our cost structure as an importer, enabling us to offer competitive pricing and deliver strong value to consumers.We continue to advance the construction of our new refrigerated logistics center. However, due to delays resulting from the ongoing war situation, the expected completion and commencement of operations of the facility is currently anticipated during the fourth quarter of 2026. We believe the new logistics center will support the Company's future growth and improve its operational efficiency.Looking ahead, we remain optimistic and confident in our ability to continue generating sustainable growth and long-term value for our shareholders."First Quarter Fiscal 2026 SummarySales for the first quarter of 2026 increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) recorded in the first quarter of 2025. The increase in sales was attributed to improved product availability for customers and growing demand for the company's products.Gross profit for the first quarter of 2026 increased by 9.7% to NIS 49.0 million (US$ 15.5 million), or 31.2% of revenues, from NIS 44.6 million (US$ 14.1 million), or 30.8% of revenues recorded in the first quarter of 2025. The increase in gross profit and gross profit margin was primarily attributable to the increase in sales, improved purchase prices of the Company's products, resulting in part from the strengthening of the NIS against the U.S. dollar and the Euro, and the Company's focus on selling a more profitable product portfolio.Selling expenses for the first quarter of 2026 increased by 22.0% to NIS 20.9 million (US$ 6.6 million), or 13.3% of revenues, compared to NIS 17.1 million (US$ 5.4 million), or 11.8% of revenues, recorded in the first quarter of 2025. The increase was mainly due to an increase in advertising. General and administrative expenses for the first quarter of 2026 increased by 6.4% to NIS 8.0 million (US$ 2.5 million), or 5.1% of revenues, from NIS 7.6 million (US$ 2.4 million), or 5.2% of revenues, recorded in the first quarter of 2025. The increase was primarily driven by higher payroll expenses.Operating profit for the first quarter of 2026 was NIS 20.0 million (US$ 6.3 million), or 12.8% of revenues, remaining at the same level as in the first quarter of 2025.Financial income, net increased to NIS 5.7 million (US$ 1.8 million) recorded in the first quarter of 2026 compared to NIS 5.2 million (US$ 1.6 million) in the first quarter of 2025. Financial income, net for the first quarter of 2026 comprised mainly of income from revaluation of the Company's portfolio of securities to a fair value in an amount of NIS 2.9 million (US$ 0.9 million) and interest and dividend income from the Company's portfolio of securities in an amount of NIS 2.8 million (US$ 0.9 million).Income before taxes in the first quarter of 2026 was NIS 25.7 million (US$ 8.1 million) compared to NIS 25.1 million (US$ 7.9 million) in the first quarter of 2025.Net profit in the first quarter of 2026 was NIS 20.1 million (US$ 6.3 million), or NIS 1.44 (US$ 0.5) per share, compared to NIS 19.5 million (US$ 6.2 million), or NIS 1.41 (US$ 0.5) per share, recorded in the first quarter of 2025.Willi-Food ended the first quarter of 2026 with NIS 274.1 million (US$ 86.6 million) in cash and securities. Net cash from operating activities for the first quarter of 2026 was NIS 22.4 million (US$ 7.1 million).Willi-Food's shareholders' equity at the end of March 2026 was NIS 653.8 million (US$ 206.6 million).NOTE A: NIS to US$ exchange rate used for convenience only
The convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on March 31, 2026, with U.S. $1.00 equal to NIS 3.165 The translation was made solely for the convenience of the reader.NOTE B: IFRS
The Company's consolidated financial results for the three-month period ended March 31, 2026, are presented in accordance with International Financial Reporting Standards ("IFRS").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 STATEMENTThis press release contains forward-looking statements within the meaning of 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 commercial terms with customers and suppliers and timing of 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: the inability to improve commercial terms with customers and suppliers: delays in the construction of the Company's new logistics center and the risk that its expected benefits will not be materialized, 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 of 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 enough 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 24, 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
March 31, December 31 March 31, December 31 2 0 2 62 0 2 520252 0 2 62 0 2 52025NISUS dollars (*)(in thousands)ASSETS
Current assets
Cash and cash equivalents145,483116,870124,15845,96636,92639,228Financial assets at fair value through
profit or loss128,636117,120124,59140,64337,00539,365Trade receivables, Net181,738172,919181,76257,42154,63557,429Other receivables and prepaid expenses3,9677,2872,2441,2532,302709Inventories, Net 92,313123,15294,07429,16738,91129,723Current tax assets1,823-1,585576-501Total current assets553,960537,348528,414175,026169,779166,955
Non-current assets
Property, plant and equipment212,426179,515201,69267,11756,71963,726Less -Accumulated depreciation 65,00959,67963,46820,54018,85620,053
147,417119,836138,22446,57737,86343,673
Right of use asset3,9144,8384,5621,2371,5291,441Financial assets at fair value through
profit or loss42,08450,33249,06713,29715,90315,503Goodwill363636111111Total non-current assets193,451175,042191,88961,12255,30660,628
747,411712,390720,303236,148225,085227,583EQUITY AND LIABILITIES
Current liabilities
Current maturities of lease liabilities2,1231,9392,191671613692Short-term credit from banks4,121--1,302--Trade payables25,36435,04723,2918,01411,0737,359Employees Benefits6,9745,9044,8612,2041,8651,536Other payables and accrued expenses39,59452,91617,43812,51016,7195,510Total current liabilities78,17695,80647,78124,70130,27015,097
Non-current liabilities
Lease liabilities2,2102,7302,739698863865Deferred taxes11,8649,70613,3313,7483,0674,212Retirement benefit obligation1,3611,1021,361430349430Total non-current liabilities15,43513,53817,4314,8764,2795,507
Shareholders' equity
Share capital1,4921,4911,492471471471Additional paid in capital175,288173,614174,70055,38354,85455,197Remeasurement of the net liability in
respect of defined benefit(256)(256)(256)(81)(81)(81)Capital fund247247247787878Retained earnings477,657428,578479,536150,918135,412151,512Treasury shares(628)(628)(628)(198)(198)(198)Equity attributable to owners of the
Company653,800603,046655,091206,571190,536206,979
747,411712,390720,303236,148225,085227,583(*) Convenience translation into U.S. dollars. G. WILLI-FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three months
ended
March 31, Three months
ended
March 31,2 0 2 62 0 2 52 0 2 62 0 2 5NISUS dollars (*)In thousands (except per share and share data)
Sales156,891144,84349,57145,764Cost of sales107,939100,21534,10431,664
Gross profit48,95244,62815,46714,100
Operating costs and expenses:
Selling expenses20,88417,1116,5985,406General and administrative expenses8,0437,5582,5412,388Operating profit 20,02519,9596,3286,306
Financial income6,1145,4911,9321,735Financial expense(395)(320)(125)(101)
Total financial income 5,7195,1711,8071,634
Income before taxes on income25,74425,1308,1357,940Taxes on income(5,661)(5,625)(1,789)(1,777)
Profit for the period20,08319,5056,3466,163
Earnings per share:
Basic earnings per share1.441.410.460.44Diluted earnings per share1.441.390.460.44
Shares used in computation of
basic EPS13,906,41213,877,44713,906,41213,877,447Shares used in computation of
diluted EPS13,913,50713,988,88513,913,50713,988,885Actual number of shares13,906,41213,877,44713,906,41213,877,447(*) Convenience translation into U.S. dollars G. WILLI-FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Three months
ended
March 31,Three months
ended
March 31,
2 0 2 62 0 2 52 0 2 62 0 2 5
NISUS dollars (*)
In thousands (except per share and share data)CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations20,08319,5056,3466,163Adjustments to reconcile net profit to net cash from continuing
operating activities (Appendix A)2,311(19,194)730(6,064)Net cash from continuing operating activities 22,3943117,07699
CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment(1,049)(529)(331)(167)Acquisition of property plant and equipment under construction(9,685)(10,769)(3,060)(3,403)Proceeds from sale of marketable securities, net6,0725,1401,9181,624Net cash used in continuing investing activities(4,662)(6,158)(1,473)(1,946)
CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments(597)(580)(189)(183)Short term credit from banks4,121-1,302-Net cash from (used in) continuing financing activities3,524(580)1,113(183)
Increase (decrease) in cash and cash equivalents21,256(6,427)6,716(2,031)Cash and cash equivalents at the beginning of the year124,158122,93839,22838,843Exchange gains on cash and cash equivalents 6935922113Cash and cash equivalents at the end of the year 145,483116,87045,96636,925(*) Convenience Translation into U.S. Dollars. G. WILLI-FOOD INTERNATIONAL LTD.
APPENDIX TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSCASH FLOWS – OPERATING ACTIVITIES: A. Adjustments to reconcile net profit to net cash from continuing operating activities:
Three months
ended
March 31,
Three months
ended
March 31,2 0 2 6
2 0 2 5
2 0 2 6
2 0 2 5 NIS
US dollars (*)(in thousands)Decrease in deferred income taxes(1,467)
(182)
(464)
(58)Unrealized gains on marketable securities(3,133)
(1,561)
(990)
(493)Depreciation and amortization1,541
(**) 1,330
487
(**) 421Depreciation expense on right-to-use assets648
(**) 525
205
(**) 165Stock based payment588
552
186
174Exchange gains on cash and cash equivalents(69)
(359)
(22)
(113)
Changes in assets and liabilities:
Increase in trade receivables and other receivables1,914
1,469
605
464Decrease (Increase) in inventories1,761
(24,918)
556
(7,873)Increase in trade payables, other payables and other current
liabilities4,380
6,166
1,384
1,949Cash generated from (used in) operations6,163
(16,978)
1,947
(5,364)Income tax paid(3,852)
(2,216)
(1,217)
(700)Net cash flows from (used in) operating activities2,311
(19,194)
730
(6,064)(*) 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
itsik.b@willi-food.co.ilLogo: https://mma.prnewswire.com/media/959267/G_Willi_Food_International_Logo.jpg View original content:https://www.prnewswire.com/news-releases/g-willi-food-international-reports-the-results-of-first-quarter-2026-302781772.htmlSOURCE G. Willi-Food International Ltd. Original: G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2026
US Market News
2月前
G. WILLI-FOOD INTERNATIONAL REPORTS HIGHEST SALES AND A RECORD HIGH WITH ALL PROFIT PARAMETERS IN 2025March 24, 2026 7:00 AM
PR Newswire (US)
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 HighlightsSales increased by 6.0% to NIS 610.6 million (US$ 191.4 million) from NIS 575.8 million (US$ 180.5 million) in fiscal year 2024.Gross profit increased by 8.4% year-over-year to NIS 174.8 million (US$ 54.9 million).Operating profit increased by 35.6% year-over-year to NIS 74.4 million (US$ 23.3 million).Income before taxes on income increased by 25.8% year-over-year to NIS 116.6 million (US$ 36.5 million).Net profit increased by 28.6% year-over-year to NIS 90.4 million (US$ 28.3 million).Basic earnings per share of NIS 6.50 (US$ 2.04).Cash and cash equivalents balance of NIS 124.2 million (US$ 38.9 million) as of December 31, 2025.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 onlyThe 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: IFRSThe 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 STATEMENTSThis 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 equivalents124,158
122,938
38,921
38,539Financial assets at fair value through profit or loss124,591
123,189
39,057
38,617Trade receivables, Net181,762
171,331
56,979
53,709Other receivables and prepaid expenses2,244
7,384
703
2,315Inventories, Net 94,074
98,234
29,490
30,794Current tax assets1,585
744
497
233Total current assets528,414
523,820
165,647
164,207
Non-current assets
Property, plant and equipment201,692
168,217
63,226
52,733Less -Accumulated depreciation 63,468
58,349
19,896
18,291
138,224
109,868
43,330
34,442
Right of use asset4,562
4,814
1,430
1,509Financial assets at fair value through profit or loss49,067
47,842
15,381
14,997Goodwill36
36
11
10Total non-current assets191,889
162,560
60,152
50,958
720,303
686,380
225,799
215,165EQUITY AND LIABILITIES
Current liabilities
Current maturities of lease liabilities2,191
2,179
687
683Trade payables23,291
28,203
7,301
8,841Employee Benefits4,861
4,532
1,524
1,421Other payables and accrued expenses17,438
25,015
5,466
7,842Total current liabilities47,781
59,929
14,978
18,787
Non-current liabilities
Lease liabilities2,739
2,521
859
790Deferred taxes13,331
9,888
4,179
3,100Retirement benefit obligation1,361
1,102
427
345Total non-current liabilities17,431
13,511
5,465
4,235
Shareholders' equity
Share capital1,492
1,491
467
467Additional paid in capital174,700
173,062
54,765
54,251Remeasurement of the net liability in respect of defined benefit(256)
(256)
(81)
(80)Capital fund247
247
77
77Retained earnings479,536
439,024
150,325
137,625Treasury shares(628)
(628)
(197)
(197)Equity attributable to owners of the Company655,091
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 endedDecember 31,For the year endedDecember 31,2 0 2 5
2 0 2 4
2 0 2 5
2 0 2 4NIS
US dollars (*)In thousands (except per share and share data)
Sales610,605
575,795
191,412
180,500Cost of sales435,781
414,461
136,609
129,925
Gross profit174,824
161,334
54,803
50,575 Operating costs and expenses:
Selling expenses71,721
68,893
22,483
21,597General and administrative expenses28,767
26,165
9,018
8,202Operating 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 income44,784
39,741
14,039
12,458Financial expense2,628
1,933
824
606Total Financial income 42,156
37,808
13,215
11,852
Income before taxes on income116,587
92,682
36,548
29,054Taxes on income26,156
22,367
8,199
7,012
Profit for the period90,431
70,315
28,349
22,042
Earnings per share:
Basic earnings per share6.50
5.07
2.04
1.59Diluted earnings per share6.50
5.07
2.04
1.59
Shares used in computation of basic EPS13,906,412
13,874,334
13,906,412
13,874,334Shares used in computation of diluted EPS13,913,507
13,874,334
13,913,507
13,874,334Actual number of shares13,906,412
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 operations90,431
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 Equipment95
552
31
173
Proceeds from sale of marketable securities, net29,750
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 equivalents2,875
(15,043)
901
(4,717)
Cash and cash equivalents at the beginning of the year122,938
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 endedDecember 31,
For the year endedDecember 31,
2 0 2 5
2 0 2 4
2 0 2 5
2 0 2 4NIS
US dollars (*)In thousands
Increase in deferred income taxes3,443
5,020
1,079
1,574Unrealized gains on marketable securities(32,377)
(25,207)
(10,149)
(7,902)Depreciation and amortization5,617
(**) 5,177
1,761
(**) 1,623Depreciation expense on right-to-use assets2,361
(**) 2,125
740
(**) 666Stock based payment1,639
473
514
148Capital gain on disposal of property, plant and equipment(95)
(263)
(31)
(83)Exchange gains on cash and cash equivalents1,655
(515)
519
(161)
Changes in assets and liabilities:
Decrease in trade receivables and other receivables17,212
18,047
5,396
5,657Decrease (increase) in inventories4,160
(35,759)
1,304
(11,210)
Increase (decrease) in trade payables, other
payables and other current liabilities(11,901)
21,026
(3,731)
6,591Cash 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
itsik.b@willi-food.co.ilLogo - https://mma.prnewswire.com/media/959267/G_Willi_Food_International_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/g-willi-food-international-reports-highest-sales-and-a-record-high-with-all-profit-parameters-in-2025-302723110.htmlSOURCE G. Willi-Food International Ltd.
Original: G. WILLI-FOOD INTERNATIONAL REPORTS HIGHEST SALES AND A RECORD HIGH WITH ALL PROFIT PARAMETERS IN 2025
tomcatgreenman0
16年前
Wilc is a Fundamental buy, according to Vector Vest,
VectorVest Stock Analysis of G Willi-Food as of 1/12/2010
This report has five major sections.
Capital Appreciation Analysis
Dividend Analysis
Price-Volume Data
Sales / Market Capitalization Information
Summary
The ticker symbol for G Willi-Food is WILC. WILC is traded on the NASDAQ - (O)
Business: G Willi-Food, (WILC) G. Willi-Food International, Ltd., together with its subsidiaries, engages in the design, import, export, marketing, and distribution of various food products in Israel and internationally. The company offers approximately 200 preserved food products, including canned vegetables and pickles, canned fish, and canned fruits; and approximately 400 non-preserved food products, such as edible oils, and dairy and dairy substitute products, as well as dried fruit, nuts, and beans. It also provides other products, including instant noodle soups, coffee creamers, lemon juice, halva, Turkish delight, cookies, vinegar, sweet pastry and crackers, sauces, corn flour, pastes, rice, rice sticks, pasta, spaghetti and noodles, breakfast cereals, corn flakes, instant coffee, rusks, coconut milk, and ouzo. The company purchases food products primarily from suppliers located in Israel; China, India, the Philippines, and Thailand in the Far East; Hungary, Poland, and Bulgaria in the eastern Europe; Argentina, Ecuador, and Costa Rica in South America; the United States; the Netherlands, Belgium, Germany, Sweden, Denmark, and France in the western and northern Europe; and Spain, Portugal, Italy, Turkey, Greece, and Cyprus in the southern Europe. It markets and sells its products to retail supermarket chains, private supermarket chains, mini-markets, wholesalers, manufactures, and institutional customers, as well as to the customers in the Palestinian Authority. The company markets its products under the ‘Willi-Food’ brand name; and chilled and frozen products under the ‘Gold Frost’ brand name, as well as markets its products under the brand names of manufacturers or under other brand names. The company, formerly known as G. Willi-Food, Ltd., was founded in 1994 and is based in Yavne, Israel. G. Willi Food-International, Ltd. is a subsidiary of Willi-Food Investments, Ltd.
Business Sector: WILC has been assigned to the Retail Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Industry Group: WILC has been assigned to the Retail (Food) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
Capital Appreciation Analysis Back to top
Value: Value is a measure of a stock's current worth. WILC has a current Value of $12.65 per share. Therefore, it is undervalued compared to its Price of $6.50 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.
RV (Relative Value): RV is an indicator of long-term price appreciation potential. WILC has an RV of 1.62, which is excellent on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.
RS (Relative Safety): RS is an indicator of risk. WILC has an RS rating of 0.65, which is poor on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.
RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. WILC has a Relative Timing rating of 1.45, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.
VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. WILC has a VST rating of 1.30, which is very good on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.
Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. WILC has a Buy recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.
Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position. WILC has a Stop of $5.75 per share. This is $0.75 below WILC's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop.
GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. WILC has a forecasted Earnings Growth Rate of 32.00%, which VectorVest considers to be excellent. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, as shown weekly in our investment climate report.
EPS (Earnings per Share): EPS stands for leading 12 months Earnings Per Share. WILC has a forecasted EPS of $0.52 per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.
P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings. WILC has a P/E of 12.50. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 59.01. P/E is computed daily using the formula: P/E = Price/EPS.
EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. WILC has an EY of 8.00 percent. This is above the current average of 1.70% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).
GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. WILC has a GPE rating of 2.57. High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 4.34%, the operative GPE ratio is 0.19. Therefore, WILC may be considered to be undervalued.
Dividend Analysis Back to top
DIV (Dividend): VectorVest reports annual, regular, cash dividends as indicated by the most recent payments. Special distributions, one-time payments, stock dividends, etc., are not generally included in DIV. WILC does not pay a dividend.
DY (Dividend Yield): DY reflects dividend per share as a percent of Price. WILC does not pay a dividend, so it does not have a Dividend Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare DY with EY. If DY is not significantly lower than EY, the dividend payment may be in jeopardy.
DS (Dividend Safety): DS is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. WILC does not pay a dividend, so it does not have a Dividend Safety rating . Stocks with DS values above 75 typically have RS values well above 1.00 and EY levels that are much higher than DY.
DG (Dividend Growth Rate): Dividend Growth is a subtle yet important indicator of a company's financial performance. It also provides some insight into the board's outlook on the company's ability to increase earnings. WILC does not pay a dividend, so it does not have a Dividend Growth rating .
YSG (YSG-Vector): YSG is an indicator which combines DS, DY and DG into a single value, and allows direct comparison of all dividend-paying stocks in the database. WILC does not pay a dividend, so it does not have a YSG rating . Stocks with the highest YSG values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for above average current income and long-term growth.
Price-Volume Data Back to top
Price: WILC closed on 1/12/2010 at $6.50 per share
Open: WILC opened trading at a price of $6.37 per share on 1/12/2010.
High: WILC traded at a High price of $6.50 per share on 1/12/2010.
Low: WILC traded at a Low price of $6.22 per share on 1/12/2010
Close: WILC closed trading at price $6.50 per share on 1/12/2010. (Close is also called Price in the VectorVest system)
Range: Range reflects the difference between the High and Low prices for the day. WILC traded with a range of $0.28 per share on 1/12/2010.
$Change: WILC closed up 0.14 from the prior day's closing Price.
%PRC: WILC's Price changed 2.12% from the prior day's closing price.
Volume: WILC traded 19,806 shares on 1/12/2010.
AvgVol: AvgVol is the 50 day moving average of daily volume as computed by VectorVest. WILC has an AvgVol of 23,572 shares traded per day.
%Vol: %Vol reflects the percent change in today's trading volume as compared to the AvgVol. %Vol equals ((Volume - AvgVol) / AvgVol ) * 100. WILC had a %Vol of -15.98% on 1/12/2010
CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. WILC has a CI rating of 1.79, which is excellent on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.
Sales / Market Capitalization Information Back to top
Sales: WILC has annual sales of $79,000,000.00
Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. WILC has a Sales Growth of -1.00% per year. This is very poor. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.
Sales Per Share (SPS): WILC has annual sales of $7.75 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.
Price to Sales Ratio (P/S): WILC has a P/S of 0.84. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group.
Shares: WILC has 10,000,000.00 shares of stock outstanding.
Market Capitalization: WILC has a Market Capitalization of $66,000,000.00. Market Capitalization is calculated by multiplying price times shares outstanding.
Summary Back to top
WILC is undervalued compared to its Price of $6.50 per share, has below average safety, and is currently rated a Buy.
The basic strategy of VectorVest is to buy Low risk, High reward stocks. We suggest that Prudent investors buy enough High Relative Value, High Relative Safety stocks to keep the overall RV and RS ratings of their portfolios above 1.00. As you do this, you'll find that your risk will go down and your investment performance will improve.
midastouch017
20年前
G. Willi-Food Reports 376% Increase in Operating Income, 155% Increase in Income Before Taxes and 117% Net Income Growth for Q2 2006 Over Q2 2005
Wednesday August 16, 10:00 am ET
YAVNE, Israel, August 16 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (NASDAQ: WILC - News; the "Company" or "Willi Food"), one of Israel's largest food importers and a single-source supplier of one of the world's most extensive range of quality kosher food products, today announced its unaudited financial results for the quarter and six months ended June 30, 2006.
Second Quarter 2006 Financial Highlights
- 11% increase in revenues over second quarter 2005
- 376% increase in operating income over second quarter 2005
- 155% increase in income before taxes over second quarter 2005
- 117% increase in net income over second quarter 2005
The Company's revenues for the second quarter of 2006 increased 11% to NIS 43.2 million (US $9.7 million) compared to revenues of NIS 39.0 million (US $8.8 million) in the second quarter of 2005. Gross profits increased 6% to NIS 11.4 million (US $2.6 million) compared to gross profits of NIS 10.8 million (US $2.4 million) in the second quarter of 2005.
Mr. Zwi Williger, President and COO of Willi-Food commented, "We are very excited about our strong results for the second quarter and first half of 2006. We were able to achieve revenue growth through successfully launching new items into our product line, as well as increasing sales of existing products to new and existing customers. We expect to launch additional new product lines in the second half of 2006. Our strong financial results for the first six months of 2006 demonstrate Willi-Food's ability to capitalize on the growing interest of consumers in the kosher market."
Mr Williger noted that the Company has to date seen revenue growth in the third quarter, which is in part due to increased consumption relating to the recent conflict in Israel. He also remarked that Willi Food has donated more than NIS 150,000 (US $34,000) worth of food products as aid to those affected in the northern region of Israel.
Second quarter operating income increased 376% to NIS 3.8 million (US $0.9 million) compared to operating income of NIS 0.8 million (US $0.2 million) in the second quarter of 2005.
Second quarter 2006 income before taxes increased 155% to NIS 4.6 million (US $1.0 million) compared to an income before taxes of NIS 1.8 million (US $0.4 million) recorded in the second quarter of 2005. Net income for second quarter increased 117% to NIS 2.6 million (US $0.6 million), or NIS 0.31 (US $0.07) per share compared to a net income of NIS 1.2 million (US $0.3 million), or NIS 0.14 (US $0.03) per share, recorded in the second quarter of 2005.
Six-Month Results
The Company's revenues for the six months ended June 30, 2006 increased 23% to NIS 97.7 million (US $22.0 million) compared to revenues of NIS 79.5 million (US $17.9 million) in the first half of 2005. Gross profits for the period increased 35% to NIS 25.8 million (US $5.8 million) compared to gross profits of NIS 19.2 million (US $4.3 million) in the six months ended June 30, 2005. First half gross margins improved to 26.4% compared to gross margins of 24.1% in the same period in 2005.
Operating income for the first half of 2006 increased 157% to NIS 8.3 million (US $1.9 million) from NIS 3.2 million (US $0.7 million) reported in the comparable period of last year. 2006 first half operating income includes NIS 1.9 million (US $0.4 million) of expense that was recorded during the period for an advertising campaign and promotional activities to promote Willi-Food's brand name and products compared to NIS 0.4 million (US $0.1 million) in the first half of 2005 for promotional activities during that period. In addition, 2006 first half operating income includes a NIS 1.9 million (US $0.4 million) one-time general and administrative expense due to a management bonus attributed to an unrealized capital gain resulting from the commencement of the trading of shares of the Company's majority-owned subsidiary, Gold Frost Ltd., on London's AIM market on March 9, 2006.
First half 2006 income before taxes increased 520% to NIS 28.8 million (US $6.5 million) compared to an income before taxes of NIS 4.6 million (US $1.0 million) recorded in the first half of 2005. Net income for the first half of 2006 increased 724% to NIS 25.3 million (US $5.7 million), or NIS 2.94 (US $0.66) per share compared to a net income of NIS 3.1 million (US $0.7 million), or NIS 0.36 (US $0.08) per share, recorded in the first half of 2005. Net income for first half of 2006 includes NIS 17.8 million (US $4.0 million) as a net one-time unrealized capital gain due to the public listing of the shares of Gold Frost Ltd.
"The fundamentals of our business are strong," concluded Mr. Williger. "Our innovative approach to the rapidly expanding kosher food market continues to drive revenue and margin growth. In addition, we are executing our strategic plan to expand internationally. We look forward to the remainder of the year."
G. WILLI FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, December 31, June 30, December 31,
2 0 0 6 2 0 0 5 2 0 0 6 2 0 0 5 (1)
(1)
NIS US dollars
I n t h o u s a n d s
ASSETS
Current assets
Cash and cash equivalents 66,452 30,431 14,967 6,854
Marketable securities 6,518 3,229 1,468 727
Trade receivables 49,125 48,396 11,063 10,900
Receivables and other 5,300 7,673 1,194 1,728
current assets
Inventories 18,708 30,798 4,214 6,937
Total current assets 146,103 120,527 32,906 27,146
Property and equipment, 24,542 16,657 5,527 3,752
net
Other assets, net 90 90 20 20
170,735 137,274 38,453 30,918
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Current liabilities
Payables:
Trade payables 18,050 19,938 4,065 4,491
Related parties 3,463 2,193 780 494
Other and accrued 7,702 12,973 1,735 2,922
expenses
Total current liabilities 29,215 35,104 6,580 7,907
Long term liabilities
Accrued severance pay 299 299 67 67
Minority interest 14,023 - 3,158 -
Shareholders' equity
Ordinary shares NIS 0.10
par value
(authorized - 50,000,000
shares, issued and
outstanding - 8,615,000
shares)
948 948 213 213
Additional paid-in 20,258 20,258 4,563 4,563
capital
Retained earnings 105,992 80,665 23,872 18,168
127,198 101,871 28,648 22,944
170,735 137,274 38,453 30,918
(1) Convenience translation into U.S. dollars.
G. WILLI FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Six months Three months Six months
ended June 30, ended June 30,
2 0 0 6 2 0 0 5 2 0 0 6 2 0 0 5 2 0 0 6 2 0 0 5
(1) (1)
NIS US dollars
I n t h o u s a n d s (except per share and share
data)
Sales 97,745 79,469 43,200 38,972 22,015 17,898
Cost of sales 71,910 60,294 31,783 28,187 16,196 13,579
Gross profit 25,835 19,175 11,417 10,785 5,819 4,319
Selling 9,866 7,099 4,711 3,541
expenses 2,222 1,599
General and
administrative 7,709 8,867 2,885 6,441 1,736 1,997
expenses
Total
operating
expenses 17,575 15,966 7,596 9,982 3,958 3,596
Operating 8,260 3,209 3,821 803 1,861 723
income
Financial 1,380 1,396 767 963 311 314
income, net
Other income 19,113 35 - 35 4,305 8
Income before
taxes
on income 28,753 4,640 4,588 1,801 6,477 1,045
Taxes on 2,687 1,568 1,218 585 605 353
income
Income after
taxes
on income 26,066 3,072 3,370 1,216 5,872 692
Minority 735 - 735 - 166 -
interest
Net income 25,331 3,072 2,635 1,216 5,706 692
Earnings per
share data:
Earnings per
share:
Basic 2.94 0.36 0.31 0.14 0.66 0.08
Diluted 2.90 0.36 0.30 0.14 0.65 0.08
Shares used in
computing
basic and
diluted
earnings 8,615,000 8,615,000 8,615,000 8,615,000 8,615,000 8,615,000
per
ordinary
share:
(1) Convenience translation into U.S. dollars.
About G. Willi-Food International, Ltd.
G. Willi-Food International Ltd. is one of Israel's largest food importers and a single-source supplier of one of the world's most extensive ranges of quality kosher food products. It currently imports, markets and distributes more than 400 food products manufactured by some 100 top-tier suppliers throughout the world to more than 1,000 customers. The Company excels in identifying changing tastes in its markets and sourcing high-quality kosher products to address them. For more information, please visit the Company's website at www.willi-food.co.il.
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, competition, changing economic conditions and other risk factors detailed in the Company's SEC filings.
NOTE A: Convenience Translation to Dollars
The convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on June 30, 2006: U.S. $1.00 equals NIS 4.44. The translation was made solely for the convenience of the reader.
http://biz.yahoo.com/prnews/060816/ukw008.html?.v=76
midastouch017
20年前
Kosher 101
Which animals are kosher? How must kosher food be prepared? And why keep kosher in the first place?
Rabbi Shraga Simmons
Anyone who's been to Jewish population centers has probably enjoyed kosher hot dogs, kosher falafel, or kosher delicatessen. So what's behind all this delicious food? The Hebrew word "kosher" literally means "prepared." Foods that are permitted by the Torah and prepared according to Jewish law are kosher.
Kosher species
Animals: The Torah (Leviticus 11:3) lists the characteristics of permitted animals as those with fully split hooves, who also chew their cud (ruminants). Kosher animals are always mammals and herbivores. The kosher animals commonly eaten today are the cow, goat and sheep - and sometimes deer and buffalo.
Birds: The Torah enumerates 24 forbidden species of birds, and the Talmud explains that, among other signs, all birds of prey (vulture, hawk, eagle) are forbidden. In practice today, we eat only those birds for which there is an established tradition that the bird is kosher - e.g. chicken, turkey, duck and goose. As for "kosher eggs," they must come from a species of kosher bird.
Fish: The Torah (Leviticus 11:9) teaches that a kosher fish must possess both fins and scales. Even if the fish has only one scale or one fin, it is permitted. Tuna, for example, have very few scales, yet is kosher. Other popular kosher fish are bass, carp, cod, flounder, halibut, herring, mackerel, trout and salmon. Crustaceans (such as lobster and crab) and other shellfish are not kosher, because they lack scales. Further, all mammals are not kosher.
Insects: Many are surprised to discover that four species of grasshoppers are kosher (Leviticus 11:22). However, all other insects are not kosher. One might think that this has little practical application to our modern eating habits. But in truth, many leafy vegetables often contain insects and must be carefully examined before they can be eaten. Some fruits like raspberries and strawberries are also problematic.
Kosher slaughtering
Shechita: Besides being from a kosher species, kosher meat requires that the animal/bird be slaughtered in the manner prescribed by the Torah. In this procedure, a trained kosher slaughterer severs the trachea and esophagus of the animal with a special razor-sharp knife. This also severs the jugular vein, causing instantaneous death with no pain to the animal.
Bedika: After the animal/bird has been properly slaughtered, its internal organs are inspected for any physiological abnormalities that may render the animal non-kosher. The lungs, in particular, must be examined to determine that there are no adhesions which may be indicative of a puncture in the lungs.
Nikkur: Animals contain many veins and fats that are forbidden by the Torah and must be removed. The procedure of removal is called "Nikkur," and it is quite complex. In practice today, the hind quarter of most kosher animals is simply removed and sold as non-kosher meat.
Salting: The Torah forbids eating of the blood of an animal or bird (Leviticus 7:26); fish do not have this requirement. Thus in order to extract the blood, the entire surface of meat must be covered with coarse salt. It is then left for an hour on an inclined or perforated surface to allow the blood to flow down freely. The meat is then thoroughly washed to remove all salt. Meat must be koshered within 72 hours after slaughter so as not to permit the blood to congeal.
Additional prohibitions
Meat and Milk: The Torah forbids eating meat and milk in combination, and even forbids the act of cooking them together. As a safeguard, the Sages disallow the eating of meat and dairy products at the same meal, or preparing them with the same utensils. Therefore, a kosher kitchen must have two separate sets of pots, pans, plates and silverware - one for meat/poultry and the other for dairy foods.
One must wait up to six hours after eating meat products before eating dairy products. However, meat may be eaten following dairy products (with the exception of hard cheese, which also requires a six-hour interval). Prior to eating meat after dairy, one must eat a solid food and the mouth must be rinsed.
Limb of Live Animal: The Torah (Deut. 12:23) prohibits eating a limb that was removed from an animal before it was killed.
Chalav Yisrael: A Rabbinic law requires that there be supervision during the milking process to ensure that the milk comes from a kosher animal. In the United States, many people rely on the Department of Agriculture's regulations and controls as sufficiently stringent to fulfill the rabbinic requirement for supervision. Many people, however, do not rely on this, and will only eat dairy products that are designated as Chalav Yisrael (literally, "Jewish milk").
Bishul Akum: Bishul Akum is a Hebrew term meaning, "cooked by a non-Jew." As a rabbinic safeguard against assimilation, certain foods cooked by a non-Jew are considered not kosher. The basic rule is that any cooked food which: could not have been eaten raw, and is important enough to be served at a fancy meal table, may not be eaten if cooked by a non-Jew. If a Jew assists with lighting the fire or the cooking, the food may be eaten even if it was cooked by a non-Jew.
Why keep kosher?
Spirituality: The Torah teaches that non-kosher food has a negative effect on a Jewish soul. The soul is like an antenna that picks up waves of spiritual energy. Eating non-kosher food damages the capacity of the soul to "connect spiritually." This damage can be repaired once a person starts eating kosher again.
Self Growth: If a person can be disciplined in what and when he eats, it follows that he can be disciplined in other areas of life as well. Kashrut requires that one must wait between milk and meat, and we may not eat certain animals or combinations of foods. All of this instills self-discipline, and enables us to elevate our spiritual side, by making conscious choices over animal urges.
Health Reasons: With its extra supervision, kosher food is perceived as being healthier and cleaner. After slaughter, animals are checked for abscesses in their lungs or other health problems. Blood - a medium for the growth of bacteria - is drained. Shellfish, mollusks, lobsters and crabs have spread typhoid and are a source for urticara (a neurotic skin affliction). Milk and meat digest at an unequal rate and are difficult for the body. And of course, pigs can carry trichinosis.
Moral Lessons: We are taught not to be cruel - even to animals. A mother and her young are forbidden to be slaughtered on the same day, and of course we "don't boil a kid (goat) in its mother's milk." We must not remove the limb of an animal while it is still alive (a common practice, prior to refrigeration). When we slaughter an animal, it must be done with the least possible pain. And we are reminded not to be vicious, by the prohibition to eat vicious birds of prey.
Tradition: One of the keys to making a Jewish home "Jewish" is the observance of keeping kosher. When we keep kosher in the home, our attachment to Judaism and the sacrifices that we make become ingrained on our children's minds forever. And with food so often the focus of social events, keeping kosher provides a built-in hedge against assimilation. For many, the bridge between past and future is the spiritual aroma of a kosher kitchen.
http://www.ynetnews.com/articles/0,7340,L-3276518,00.html
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midastouch017
20年前
G. Willi-Food Reports Fiscal Year 2005 Results
Sunday March 26, 11:32 am ET
2006 Focus on Domestic and International Growth Successful Spin-off of Gold Frost Subsidiary
YAVNE, Israel, March 26 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (NASDAQ: WILC - News; the "Company" or "Willi Food") today announced its financial results for the year ended December 31, 2005.
The Company's 2005 gross revenues were NIS 166.3 million (US$36.1 million) compared to gross revenues of NIS 171.0 million (US$37.1 million) in 2004. The Company's 2005 gross margins were 22.9% compared to gross margins of 23.8% in 2004. Net income of the Company for 2005 was NIS 7.7 million (US$1.7 million), or NIS 0.9 (US $0.19) per share, reflecting a one-time reserve of NIS 3.5 million taken during the second quarter of 2005. This reserve was related to the Company's estimated exposure to the collapse of Clubmarket Marketing Chains, Ltd., Israel's third largest supermarket chain, which filed for bankruptcy in late 2005. Net income of the Company for 2004 was NIS 11.2 million.
Mr. Zvi Williger, and COO of Willi-Food commented, "2005 was a challenging year for Willi-Food. Despite the write off attributed to Clubmarket's bankruptcy in our second quarter of 2005, Willi Food managed to increase its revenues by 2% and 14% for the third and fourth quarters of 2005, respectively, as compared with the Company's performance in the corresponding quarters of 2004. Willi Food is debt free and cash positive and is positioned to grow our market share both domestically and internationally."
"Our strategy is to capitalize on the recovery of the Israeli food market, while pursuing international expansion," continued Mr. Williger. "We will continue to pursue the best opportunities to launch Willi-Food into the lucrative U.S. and European food markets."
On March 9, 2006, shares of the Company's majority-owned subsidiary, Gold Frost Ltd., began trading on London's AIM market. As a result of this transaction, Willi Food has an unrealized capital gain of approximately $4.2 million. Mr. Williger stated, "We believe Gold Frost's listing demonstrates the value we have created for our shareholders. We are executing our strategy of international expansion and remain committed to increasing shareholder value."
About G. Willi-Food International Ltd.
G. Willi-Food International Ltd. is one of Israel's largest food importers and a single-source supplier of one of the world's most extensive ranges of quality kosher food products. It currently imports, markets and distributes more than 400 food products manufactured by some 100 top-tier suppliers throughout the world to more than 1,000 customers. The Company excels in identifying changing tastes in its markets and sourcing high-quality kosher products to address them.
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, competition, changing economic conditions and other risk factors detailed in the Company's SEC filings.
Note: Convenience Translation to Dollars
The convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on December 31, 2005: U.S. $1.00 equals NIS 4.603. The translation was made solely for the convenience of the reader.
G. WILLI-FOOD INTERNATIONAL LTD.
CONSOLIDATED BALANCE SHEETS
December 31,
2 0 0 5 2 0 0 4 2 0 0 5 (*)
NIS US dollars
(in thousands)
ASSETS
Current assets
Cash and cash equivalents 30,431 55,831 6,611
Marketable securities 3,229 1,694 701
Trade accounts receivable 48,396 40,887 10,514
Receivables and other 7,673 1,211 1,667
current assets
Inventories 30,798 27,139 6,691
Total current assets 120,527 126,762 26,184
Fixed assets
Cost 23,343 8,590 4,929
Less: accumulated 6,686 5,554 1,310
depreciation and
amortization
16,657 3,036 3,619
Other assets, net 90 63 20
137,274 129,861 29,823
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term bank borrowings - 2,489 -
Trade accounts payable 19,937 19,066 4,331
Due to related parties 2,193 2,557 477
Payables and other current 12,973 6,664 2,818
liabilities
Total current liabilities 35,103 30,776 7,626
Long-term liabilities
Accrued severance pay, net 299 185 65
Commitments and contingent
liabilities
Shareholders' equity
Share capital:
Ordinary shares NIS 0.10 par
value
(authorized - 50,000,000
shares, issued
and outstanding - 8,615,000 1,503 1,502 327
shares
Additional paid-in capital 19,704 19,704 4,281
Declared Dividend (4,754) - (1,033)
Retained earnings 85,419 77,694 18,557
101,872 98,900 22,132
137,274 129,861 29,823
(*) Convenience translation into U.S. dollars
G. WILLI-FOOD INTERNATIONAL LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
Year ended December 31,
2 0 0 5 2 0 0 4 2 0 0 3 2 0 0 5 (*)
NIS US dollars
(in thousands, except for share data)
Sales 166,282 170,982 137,385 36,125
Cost of sales 128,215 130,292 110,160 27,855
Gross profit 38,067 40,690 27,225 8,270
Operating expenses:
Sales and marketing 15,771 15,632 11,662 3,426
General and administrative 10,044 9,134 8,335 2,182
Bad debts-Clubmarket 3,500 - - 761
Total operating expenses 29,315 24,766 19,997 6,369
Operating income 8,752 15,924 7,228 1,901
Financing income (expenses), 2,501 1,121 4,336 543
net
Other income , net 35 34 101 8
Pre-tax income 11,288 17,079 11,665 2,452
Income taxes 3,563 5,886 2,889 774
Net income 7,725 11,193 8,776 1,678
Earnings per share (EPS)
Basic 0.9 1.3 1.05 0.19
Fully diluted 0.9 1.3 1.05 0.19
Shares used in computation
of basic EPS 8,615,000 8,600,000 8,555,000 8,615,000
Shares used in computing
fully diluted EPS 8,615,000 8,600,000 8,555,000 8,615,000
(*) Convenience translation into U.S. dollars
http://biz.yahoo.com/prnews/060326/uksu004.html?.v=5
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