EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1

Exhibt 99.1

 
FOR IMMEDIATE RELEASE

G. WILLI-FOOD INTERNATIONAL REPORTS HIGHEST SALES
AND A RECORD HIGH WITH ALL PROFIT PARAMETERS IN 2025

 THE COMPANY REPORTS RECORD HIGH ANNUAL PROFIT BEFORE TAX OF NIS 116.6
MILLION (US$ 36.5 MILLION)

YAVNE, Israel - March 24, 2026 - G. Willi-Food International Ltd. (NASDAQ: WILC and TASE: WILF) (the “Company” or “Willi-Food”), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its financial results for the fiscal year ended December 31, 2025.

Fiscal Year 2025 Highlights
 

Sales 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 “Operation Roaring Lion” and by the United States as “Epic Fury.” Despite these challenges, the Company has maintained full business continuity, with no material disruption to its operations, including the consistent supply of goods and ongoing distribution to customers. Our ability to sustain routine operations during such periods reflects the resilience of our organization, the strength of our supply chain, and the dedication of our employees. We remain hopeful for an improvement in the security situation and for a future of stability, prosperity, and peace across the region. Looking ahead, we remain confident in our ability to continue generating sustainable growth and long-term value for our shareholders, supported by our strong financial position, experienced management team, and strategic investments in infrastructure and product expansion”.


Fiscal 2025 Summary
 
Sales for fiscal year 2025 increased by 6.0% to NIS 610.6 million (US$ 191.4 million) from NIS 575.8 million (US$ 180.5 million) recorded in fiscal year 2024. The Company attributes the growth in sales primarily to an increase in inventory levels and improved product availability, which supported the growing demand for its products. The increase also reflects higher demand for the Company’s products.
 
Gross profit for fiscal year 2025 increased by 8.4% to NIS 174.8 million (US$ 54.8 million), or 28.6% of revenues, from NIS 161.3 million (US$ 50.6 million), or 28.0% of revenues recorded in fiscal year 2024. The increases in gross profit and gross margins were due to the Company’s efforts to improve its commercial terms with its customers and suppliers, focus on selling a more profitable products portfolio and due to favorable exchange rates compared to 2024.
 
Selling expenses for fiscal year 2025 increased by 4.1% to NIS 71.7 million (US$ 22.5 million), or 11.7% of revenues, from NIS 68.9 million (US$ 21.6 million), or 12.0% of revenues recorded in fiscal year 2024. The increase was primarily due to employee compensation tied to the Company's sales performance, as well as an increase in transportation and other logistics costs.
 
General and administrative expenses for fiscal year 2025 increased by 9.9% to NIS 28.8 million (US$ 9.0 million), or 4.7% of revenues, from NIS 26.2 million (US$ 8.2 million), or 4.5% of revenues recorded in fiscal year 2024. The increase was primarily due to the provision for profit-based compensation to senior management resulting from the higher operating profit and the results of the share-based payment program.
 
Operating profit before other expenses (income) for fiscal year 2025 increased by 12.2% to NIS 74.3 million (US$ 23.3 million), or 12.2% of revenues, from NIS 66.3 million (US$ 20.8 million), or 11.5% of revenues, recorded in fiscal year 2024. The increase was primarily due to the increase in gross profit.
 
There were no other expenses for fiscal year 2025. Other expenses for the corresponding period in 2024 were NIS 11.6 million (US$ 3.5 million), primarily related to an agreement the Company reached with the Israel Competition Authority to pay an administrative fine. For further details, please see the Company’s report on Form 6-K submitted to the Securities and Exchange Commission on July 17, 2024.
 
Operating profit for fiscal year 2025 increased by 35.6% to NIS 74.4 million (US$ 23.3 million), or 12.2% of revenues, from NIS 54.9 million (US$ 17.2 million), or 9.5% of revenues, recorded in fiscal year 2024. This increase was primarily due to the increase in gross profit and a reduction in operating expenses compared to sales being offset by the administrative fine of NIS 11.6 million (US$ 3.6 million).
 
Financial income, net for fiscal year 2025 totaled NIS 42.2 million (US$ 13.2 million), compared to NIS 37.8 million (US$ 11.8 million) recorded in fiscal year 2024. Financial income, net, for fiscal year 2025 was comprised mainly of the revaluation of the Company’s portfolio of securities in the amount of NIS 33.0 million (US$ 10.3 million) and interest and dividend income from the Company’s portfolio of securities in an amount of NIS 10.6 million (US$ 3.3 million).
 
Willi-Food’s income before taxes for fiscal year 2025 was NIS 116.6 million (US$ 36.5 million), compared to NIS 92.7 million (US$ 29.1 million) in fiscal year 2024.
 
Willi-Food’s net profit in fiscal year 2025 was NIS 90.4 million (US$ 28.3 million), or NIS 6.49 (US$ 2.04) per share, compared to NIS 70.3 million (US$ 22.0 million), or NIS 5.07 (US$ 1.6) per share, recorded in fiscal year 2024.
 
Willi-Food ended fiscal year 2025 with NIS 124.2 million (US$ 38.9 million) in cash and cash equivalents. Net cash from operating activities in fiscal year 2025 was NIS 58.8 million (US$ 18.4 million). Willi-Food's shareholders' equity at the end of December 2025 was NIS 655.1 million (US$ 205.4 million).
 

NOTE A: NIS to US$ exchange rate used for convenience only
The conversion from New Israeli Shekels (NIS) into U.S. dollars was made at the exchange rate of US$ 1.00 to NIS 3.190 as of December 31, 2025. The use of US$ is solely for the convenience of the reader.

NOTE B: IFRS
The Company’s consolidated financial results for the fiscal year ended December 31, 2025 are presented in accordance with International Financial Reporting Standards.
 
ABOUT G. WILLI-FOOD INTERNATIONAL LTD.
 
G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 650 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,500 customers and 3,000 selling points in Israel and around the world, including large retail and private supermarket chains, wholesalers, and institutional consumers. The Company's operating divisions include Willi-Food in Israel and Euro European Dairies, a wholly owned subsidiary that designs, develops and distributes branded kosher, dairy-food products.
 
FORWARD LOOKING STATEMENTS
 
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected sales, operating results, and earnings. Forward-looking statements include statements regarding the construction of the Company’s new logistics center and its expected benefits. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied in those forward-looking statements. These risks and other factors include, but are not limited to: delays in the construction of the Company’s new logistics center and the risk that its expected benefits will not materialize; inability to sustain improvements and growth in the future; monetary risks including changes in marketable securities or changes in currency exchange rates, especially the NIS/U.S. Dollar exchange rate; payment default by any of our major clients; the loss of one or more of our key personnel; changes in laws and regulations, including those relating to the food distribution industry; and inability to meet and maintain regulatory qualifications and approvals for our products; termination of arrangements with our suppliers; loss of one or more of our principal clients; increase or decrease in global purchase prices of food products; increasing levels of competition in Israel and other markets in which we do business; changes in political, economic, and military conditions in Israel, particularly the recent war in Israel; economic conditions in the Company's core markets; delays and price increases due to the attacks on global shipping routes in the Red Sea; our inability to accurately predict consumption of our products and changes in consumer preferences; our inability to protect our intellectual property rights; our inability to successfully integrate our recent acquisitions; insurance coverage not sufficient to cover losses of product liability claims; risks associated with product liability claims; and risks associated with the start of credit extension activity. We cannot guarantee future results, levels of activity, performance, or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 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

 
December 31,
   
December 31,
 
 
2 0 2 5
   
2 0 2 4
   
2 0 2 5
   
2 0 2 4
 
 
NIS
   
US dollars (*)
 
   
(in thousands)
 
ASSETS
                       
Current assets
                       
Cash and cash equivalents
   
124,158
     
122,938
     
38,921
     
38,539
 
Financial assets at fair value through profit or loss
   
124,591
     
123,189
     
39,057
     
38,617
 
Trade receivables, Net
   
181,762
     
171,331
     
56,979
     
53,709
 
Other receivables and prepaid expenses
   
2,244
     
7,384
     
703
     
2,315
 
Inventories, Net
   
94,074
     
98,234
     
29,490
     
30,794
 
Current tax assets
   
1,585
     
744
     
497
     
233
 
Total current assets
   
528,414
     
523,820
     
165,647
     
164,207
 
                                 
Non-current assets
                               
Property, plant and equipment
   
201,692
     
168,217
     
63,226
     
52,733
 
Less -Accumulated depreciation
   
63,468
     
58,349
     
19,896
     
18,291
 
     
138,224
     
109,868
     
43,330
     
34,442
 
                                 
Right of use asset
   
4,562
     
4,814
     
1,430
     
1,509
 
Financial assets at fair value through profit or loss
   
49,067
     
47,842
     
15,381
     
14,997
 
Goodwill
   
36
     
36
     
11
     
10
 
Total non-current assets
   
191,889
     
162,560
     
60,152
     
50,958
 
                                 
     
720,303
     
686,380
     
225,799
     
215,165
 
EQUITY AND LIABILITIES
                               
Current liabilities
                               
Current maturities of lease liabilities
   
2,191
     
2,179
     
687
     
683
 
Trade payables
   
23,291
     
28,203
     
7,301
     
8,841
 
Employee Benefits
   
4,861
     
4,532
     
1,524
     
1,421
 
Other payables and accrued expenses
   
17,438
     
25,015
     
5,466
     
7,842
 
Total current liabilities
   
47,781
     
59,929
     
14,978
     
18,787
 
                                 
Non-current liabilities
                               
Lease liabilities
   
2,739
     
2,521
     
859
     
790
 
Deferred taxes
   
13,331
     
9,888
     
4,179
     
3,100
 
Retirement benefit obligation
   
1,361
     
1,102
     
427
     
345
 
Total non-current liabilities
   
17,431
     
13,511
     
5,465
     
4,235
 
                                 
Shareholders' equity
                               
Share capital
   
1,492
     
1,491
     
467
     
467
 
Additional paid in capital
   
174,700
     
173,062
     
54,765
     
54,251
 
Remeasurement of the net liability in respect of defined benefit
   
(256
)
   
(256
)
   
(81
)
   
(80
)
Capital fund
   
247
     
247
     
77
     
77
 
Retained earnings
   
479,536
     
439,024
     
150,325
     
137,625
 
Treasury shares
   
(628
)
   
(628
)
   
(197
)
   
(197
)
Equity attributable to owners of the Company
   
655,091
     
612,940
     
205,356
     
192,143
 
                                 
     
720,303
     
686,380
     
225,799
     
215,165
 

(*)
Convenience translation into U.S. dollars.


G. WILLI‑FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 
For the year ended
December 31,
   
For the year ended
December 31,
 
 
2 0 2 5
   
2 0 2 4
   
2 0 2 5
   
2 0 2 4
 
 
NIS
   
US dollars (*)
 
   
In thousands (except per share and share data)
 
                         
Sales
   
610,605
     
575,795
     
191,412
     
180,500
 
Cost of sales
   
435,781
     
414,461
     
136,609
     
129,925
 
                                 
Gross profit
   
174,824
     
161,334
     
54,803
     
50,575
 
Operating costs and expenses:
                               
Selling expenses
   
71,721
     
68,893
     
22,483
     
21,597
 
General and administrative expenses
   
28,767
     
26,165
     
9,018
     
8,202
 
Operating profit before other expenses (income)
   
74,336
     
66,276
     
23,302
     
20,776
 
                                 
Other expenses (income)
   
(95
)
   
11,402
     
(31
)
   
3,574
 
                                 
Operating profit
   
74,431
     
54,874
     
23,333
     
17,202
 
                                 
Financial income
   
44,784
     
39,741
     
14,039
     
12,458
 
Financial expense
   
2,628
     
1,933
     
824
     
606
 
Total Financial income
   
42,156
     
37,808
     
13,215
     
11,852
 
                                 
Income before taxes on income
   
116,587
     
92,682
     
36,548
     
29,054
 
Taxes on income
   
26,156
     
22,367
     
8,199
     
7,012
 
                                 
Profit for the period
   
90,431
     
70,315
     
28,349
     
22,042
 
                                 
Earnings per share:
                               
Basic earnings per share
   
6.50
     
5.07
     
2.04
     
1.59
 
Diluted earnings per share
   
6.50
     
5.07
     
2.04
     
1.59
 
                                 
Shares used in computation of basic EPS
   
13,906,412
     
13,874,334
     
13,906,412
     
13,874,334
 
Shares used in computation of diluted EPS
   
13,913,507
     
13,874,334
     
13,913,507
     
13,874,334
 
Actual number of shares
   
13,906,412
     
13,874,334
     
13,906,412
     
13,874,334
 

(*)
Convenience translation into U.S. dollars.


G. WILLI‑FOOD INTERNATIONAL LTD.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

 
For the year ended
   
For the year ended
 
 
December 31,
   
December 31,
 
 
2 0 2 5
   
2 0 2 4
   
2 0 2 5
   
2 0 2 4
 
 
NIS
   
US dollars (*)
 
   
In thousands
 
CASH FLOWS - OPERATING ACTIVITIES
                       
Profit from continuing operations
   
90,431
     
70,315
     
28,349
     
22,042
 
Adjustments to reconcile net profit to net cash from continuing operating activities (Appendix A)
   
(31,630
)
   
(27,342
)
   
(9,916
)
   
(8,572
)
Net cash from continuing operating activities
   
58,801
     
42,973
     
18,433
     
13,470
 
                                 
CASH FLOWS - INVESTING ACTIVITIES
                               
Acquisition of property plant and equipment
   
(5,801
)
   
(5,414
)
   
(1,818
)
   
(1,697
)
Acquisition of property plant and equipment under construction
   
(28,172
)
   
(43,332
)
   
(8,833
)
   
(13,584
)
Proceeds from sale of property plant and Equipment
   
95
     
552
     
31
     
173
 
Proceeds from sale of marketable securities, net
   
29,750
     
2,482
     
9,326
     
778
 
Net cash used in continuing investing activities
   
(4,128
)
   
(45,712
)
   
(1,294
)
   
(14,330
)
                                 
CASH FLOWS - FINANCING ACTIVITIES
                               
Lease liability payments
   
(1,879
)
   
(2,322
)
   
(589
)
   
(728
)
Dividend
   
(49,919
)
   
(9,982
)
   
(15,649
)
   
(3,129
)
Net cash used to continuing financing activities
   
(51,798
)
   
(12,304
)
   
(16,238
)
   
(3,857
)
                                 
Increase (decrease) in cash and cash equivalents
   
2,875
     
(15,043
)
   
901
     
(4,717
)
Cash and cash equivalents at the beginning of the year
   
122,938
     
137,466
     
38,539
     
43,093
 
Exchange gains (losses) on cash and cash equivalents
   
(1,655
)
   
515
     
(519
)
   
161
 
Cash and cash equivalents at the end of the year
   
124,158
     
122,938
     
38,921
     
38,537
 

(*)
Convenience Translation into U.S. Dollars.


G. WILLI-FOOD INTERNATIONAL LTD.
APPENDIX TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

CASH FLOWS - OPERATING ACTIVITIES:

A.
Adjustments to reconcile net profit to net cash from continuing operating activities:

 
For the year ended
   
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
 
                         
Increase in deferred income taxes
   
3,443
     
5,020
     
1,079
     
1,574
 
Unrealized gains on marketable securities
   
(32,377
)
   
(25,207
)
   
(10,149
)
   
(7,902
)
Depreciation and amortization
   
5,617
     
(**) 5,177

   
1,761
     
(**) 1,623

Depreciation expense on right-to-use assets
   
2,361
     
 (**) 2,125

   
740
     
 (**) 666

Stock based payment
   
1,639
     
473
     
514
     
148

Capital gain on disposal of property, plant and equipment
   
(95
)
   
(263
)
   
(31
)
   
(83
)
Exchange gains on cash and cash equivalents
   
1,655
     
(515
)
   
519
     
(161
)
                                 
Changes in assets and liabilities:
                               
Decrease in trade receivables and other receivables
   
17,212
     
18,047
     
5,396
     
5,657
 
Decrease (increase) in inventories
   
4,160
     
(35,759
)
   
1,304
     
(11,210
)
Increase (decrease) in trade payables, other payables and other current liabilities
   
(11,901
)
   
21,026
     
(3,731
)
   
6,591
 
Cash generated used in operations
   
(8,286
)
   
(9,876
)
   
(2,598
)
   
(3,097
)
Income tax paid
   
(23,344
)
   
(17,466
)
   
(7,318
)
   
(5,475
)
Net cash flows used in operating activities
   
(31,630
)
   
(27,342
)
   
(9,916
)
   
(8,572
)

(*)          Convenience Translation into U.S. Dollars.
(**)        Reclassified

This information is intended to be reviewed in conjunction with the Company’s filings with the Securities and Exchange Commission.

Company Contact:
G. Willi - Food International Ltd.
Yitschak Barabi, Chief Financial Officer
(+972) 8-932-1000
itsik.b@willi-food.co.il

###

SOURCE: G. Willi-Food International Ltd.