GウィリフードIntlの適時開示

6-K 1 zk2533621.htm 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of August 2025

G. Willi-Food International Ltd.

(Translation of registrant’s name into English)

4 Nahal Harif St., Yavne, Israel 81106

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On August 12, 2025, G. Willi-Food International Ltd. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2025. A copy of the press release is filed herewith as Exhibit 99.1.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	G. Willi-Food International Ltd.
	By: /s/ Yitschak Barabi Name: Yitschak Barabi Title: Chief Financial Officer

Date: August 12, 2025

EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF SECOND QUARTER 2025

WITH RECORD HIGH RESULTS

THE COMPANY REPORT ITS HIGHEST-EVER QUARTERLY REVENUE, OPERATING PROFIT,

PROFIT BEFORE TAX, AND NET INCOME

YAVNE, Israel – August 12, 2025 - G. Willi-Food International Ltd. (NASDAQ: WILC) (the “Company” or “Willi-Food”), a global company specializing in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the second quarter ended June 30, 2025.

Second Quarter Fiscal Year 2025

•	Sales increased by 9.4% to NIS 160.5 million (US$ 47.6 million) from NIS 146.7 million (US$ 43.5 million) in the second quarter of 2024.

•	Gross profit decreased by 4.1% year-over-year to NIS 44.0 million (US$ 13.0 million).

•	Operating profit after other expenses increased by 113.9% year-over-year to NIS 20.6 million (US$ 6.1 million).

•	Net profit increased by 365.5% year-over-year to NIS 31.9 million (US$ 9.5 million(.

•	Basic earnings per share of NIS 2.3 (US$ 0.7).

•	Cash and securities balance of NIS 213.9 million (US$ 63.4 million) as of June 30, 2025.

Management Comment

Zwi Williger & Joseph Williger, Chairman & CEO of Willi-Food, respectively, commented: “We are pleased to present G. Willi-Food International’s second quarter 2025 results. This quarter marks an all-time record high across a range of key parameters, including sales, operating profit, income before tax, and net income. These strong results reflect the Company’s continued hard work and strategic focus, including the development of new high-quality products and the expansion of sales and availability of our existing product portfolio.

We are also actively strengthening our relationships with our worldwide suppliers to further expand our business operations. At the same time, we are enhancing our logistics and operational abilities to support the growing demand for our products across the wide range of categories in which we operate.

The company operates with a comprehensive understanding of the market and the end consumer. In a time of rising living costs, it is committed to maintaining competitive prices while delivering exceptional taste. This policy reflects the company’s dedication to providing maximum value at a fair price.

In addition, we are moving forward with the construction of our new state-of-the-art refrigerated logistics center, which is expected to be completed by the beginning of next year. This new facility represents a major milestone for the Company, providing massive upgraded logistical capabilities, increased storage capacity, significantly improved cost efficiency, and enabling us to expand into new food categories.”

We remain optimistic about our path forward and are confident in our ability to sustain improvements and growth throughout 2025 and beyond.

Second Quarter Fiscal 2025 Summary

Sales for the second quarter of 2025 increased by 9.4% to NIS 160.5 million (US$ 47.6 million), compared to NIS 146.7 million (US$ 43.5 million) recorded in the second quarter of 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 product portfolio and an increase in private label sales to large retail chains.

Gross profit for the second quarter of 2025 decreased by 4.1% to NIS 44.0 million (US$ 13.0 million), or 27.4% of revenues, compared to NIS 45.9 million (US$ 13.6 million), or 31.3% of revenues in the second quarter of 2024. The decline in gross profit and gross margin was primarily attributable to one-time credits received from suppliers in the corresponding quarter, as well as a lower provision for slow-moving inventory recorded in that period. Excluding the impact of these two factors, gross profit in Q2 2025 would have been higher than in the corresponding quarter, and the gross margin in the current quarter would have been similar to that of Q2 2024.

Selling expenses for the second quarter of 2025 decreased by 9.5% to NIS 16.8 million (US$ 5.0 million), compared to NIS 18.6 million (US$ 5.5 million) in the second quarter of 2024. This decrease was mainly due to a reduction in advertising and promotion.

General and administrative expenses for the second quarter of 2025 were NIS 6.6 million (US$ 2.0 million), remaining at the same level as in the second quarter of 2024.

Operating profit before other expenses for the second quarter of 2025 decreased by 2.8% to NIS 20.6 million (US$ 6.1 million), compared to NIS 21.2 million (US$ 6.3 million) in the second quarter of 2024.

Operating profit after other expenses for the second quarter of 2025 increased by 113.9% to NIS 20.6 million (US$ 6.1 million), compared to NIS 9.6 million (US$ 2.8 million) in the second quarter of 2024. The increase in operating profit was driven by a reduction in operating expenses and the absence of an expense of 11.6 million (US$ 3.1 million) recorded in the corresponding quarter, related to a financial sanction of NIS 11.6 million imposed on the Company by the Competition Authority.

Financial income, net for the second quarter of 2025 totaled NIS 20.0 million (US$ 5.9 million), compared to NIS 2.6 million (US$ 0.8 million) in the second quarter of 2024. Financial income for the second quarter of 2025 was comprised mainly of the Company’s portfolio of securities.

Willi-Food’s income before taxes for the second quarter of 2025 was NIS 40.6 million (US$ 12.0 million), compared to NIS 12.3 million (US$ 3.6 million) in the second quarter of 2024.

Willi-Food’s net profit in the second quarter of 2025 was NIS 31.9 million (US$ 9.5 million), or NIS 2.3 (US$ 0.7) per share, compared to NIS 6.8 million (US$ 2.0 million), or NIS 0.5 (US$ 0.1) per share, in the second quarter of 2024.

Willi-Food ended the second quarter of 2025 with NIS 213.9 million (US$ 63.4 million) in cash and securities. Net cash from operating activities for the second quarter of 2025 was NIS 2.5 million (US$ 0.7 million). Willi-Food’s shareholders’ equity at the end of June 2025 was NIS 612.9 million (US$ 181.8 million).

First Half Fiscal 2025 Highlights

•	Sales increased by 8.0% to NIS 305.3 million (US$ 90.6 million), compared to NIS 282.7 million (US$ 84.0 million) in the first half of fiscal year 2024.

•	Gross profit increased by 10.1% year-over-year to NIS 88.7 million (US$ 26.3 million).

•	Operating profit after other expenses increased by 90.8% year-over-year to NIS 40.6 million (US$ 12.0 million).

•	Net profit increased by 102.3% year-over-year to NIS 51.4 million (US$ 15.2 million), or 16.8% of sales.

•	Basic earnings per share of NIS 3.7 (US$ 1.1).

First Half Fiscal 2025 Summary

Sales for the six-month period ending June 30, 2025, increased by 8.0% to NIS 305.3 million (US$ 90.6 million), compared to NIS 282.7 million (US$ 83.8 million) recorded in the first half of 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 product portfolio and an increase in private label sales to large retail chains.

Gross profit for the first half of 2025 increased by 10.1% to NIS 88.7 million (US$ 26.3 million), or 29.0% of revenues, compared to NIS 80.6 million (US$ 23.9 million), or 28.5% of revenues, in the first half of 2024. The increase in gross profit and gross margins was due to the increase in the Company’s sales.

Selling expenses for the first half of 2025 decreased by 3.2% to NIS 33.9 million (US$ 10.1 million), compared to NIS 35.1 million (US$ 10.4 million) in the first half of 2024. The decrease was mainly due to a reduction in advertising and promotion.

General and administrative expenses for the first half of 2025 increased by 12.1% to NIS 14.2 million (US$ 4.2 million), compared to NIS 12.7 million (US$ 3.8 million) in the first half of 2024. The increase was mainly due to the provision for profit-based compensation to senior management resulting from the increase in operating profit

Operating profit before other expenses for the first half of 2025 increased by 23.6% to NIS 40.1 million (US$ 12.0 million), compared to NIS 32.8 million (US$ 9.7 million) in the first half of 2024. The increase was primarily due to the increase in gross profit and a decrease in operating expenses.

Other expenses for the first half of 2024 were NIS 11.6 million (US$ 3.1 million) in respect of the agreement reached by the Company with the competition authority for the payment of 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 after other expenses for the first half of 2025 increased by 90.8% to NIS 40.1 million (US$ 12.0 million), compared to NIS 21.3 million (US$ 6.3 million) in the first half of 2024. The increase was primarily due to the increase in gross profit, a decrease in operating expenses, and the administrative fine of NIS 11.6 million (US$ 3.1 million) recorded in the first half of 2024.

Financial income, net, for the first half of 2025 totaled NIS 25.2 million (US$ 7.5 million), compared to NIS 14.1 million (US$ 4.2 million) in the first half of 2024. Financial income, net, for the first half of 2025 was comprised mainly of interest and dividend income from the Company’s portfolio of securities in the amount of NIS 6.3 million (US$ 1.9 million) and from the revaluation of the Company’s portfolio of securities in the amount of NIS 19.6 million (US$ 5.8 million).

Willi-Food’s income before taxes for the first half of 2025 was NIS 65.8 million (US$ 19.5 million), compared to NIS 35.4 million (US$ 10.5 million) in the first half of 2024.

Willi-Food’s net profit in the first half of 2025 was NIS 51.4 million (US$ 15.2 million), or NIS 3.7 (US$ 1.1) per share, compared to NIS 25.4 million (US$ 7.5 million), or NIS 1.8 (US$ 0.5) per share, recorded in the first half of 2024.

NOTE A: NIS to US$ Exchange Rate Used for Convenience Only

A convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on June 30, 2025, with U.S. $1.00 equal to NIS 3.372. The translation is made solely for the convenience of the reader.

NOTE B: IFRS

The Company’s consolidated financial results for the three-month period ended June 30, 2025, 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 STATEMENT

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 commercial terms with customers and suppliers and the 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 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, 2024, filed with the Securities and Exchange Commission on March 11, 2025. 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

(unaudited)

	June 30,						December 31			June 30,						December 31
	2 0 2 5			2 0 2 4			2 0 2 4			2 0 2 5			2 0 2 4			2 0 2 4
	NIS									US dollars (*)
	(in thousands)
ASSETS

Current assets
Cash and cash equivalents		94,334			94,972			122,938			27,976			28,165			36,458
Financial assets carried at fair value through profit or loss		119,556			104,600			123,189			35,456			31,020			36,532
Trade receivables		191,682			168,733			171,331			56,845			50,039			50,809
Other receivables and prepaid expenses		3,753			14,019			7,384			1,113			4,157			2,189
Inventories		116,493			121,908			98,234			34,547			36,153			29,132
Current tax assets		249			5,185			744			74			1,537			220
Total current assets		526,067			509,417			523,820			156,011			151,071			155,340

Non-current assets
Property, plant and equipment		188,216			144,840			168,217			55,817			42,954			49,886
Less - Accumulated depreciation		61,041			58,161			58,349			18,102			17,248			17,304
		127,175			86,679			109,868			37,715			25,706			32,582

Right of use asset		4,289			3,035			4,814			1,272			900			1,427
Financial assets carried at fair value through profit or loss		50,068			46,315			47,842			14,848			13,735			14,188
Goodwill		36			36			36			10			10			10
Total non-current assets		181,568			136,065			162,560			53,845			40,351			48,207

		707,635			645,482			686,380			209,856			191,422			203,547
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		1,848			1,640			2,179			548			486			646
Trade payables		31,448			41,136			28,203			9,326			12,199			8,363
Employees Benefits		4,745			4,537			4,532			1,407			1,345			1,344
Other payables and accrued expenses		19,272			21,584			25,015			5,715			6,400			7,418
Total current liabilities		57,313			68,897			59,929			16,996			20,430			17,771

Non-current liabilities
Lease liabilities		2,420			1,506			2,521			718			446			747
Deferred taxes		12,009			6,081			9,888			3,561			1,803			2,932
Retirement benefit obligation		1,102			1,055			1,102			327			312			326
Total non-current liabilities		15,531			8,642			13,511			4,606			2,561			4,005
Shareholders’ equity
Share capital		1,491			1,490			1,491			442			441			442
Additional paid in capital		173,486			172,880			173,062			51,449			51,269			51,323
Remeasurement of the net liability in respect of defined benefit		(256	)		(154	)		(256	)		(75	)		(45	)		(75	)
Capital fund		247			247			247			73			73			73
Retained earnings		460,451			394,108			439,024			136,551			116,879			130,194
Treasury shares		(628	)		(628	)		(628	)		(186	)		(186	)		(186	)
Equity attributable to owners of the Company		634,791			567,943			612,940			188,254			168,431			181,771

		707,635			645,482			686,380			209,856			191,422			203,547

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

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

	Six months						Three months						Six months
	ended						ended						ended
	June 30,						June 30,						June 30,
	2 0 2 5			2 0 2 4			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		305,320			282,694			160,477			146,658			90,546			83,836
Cost of sales		216,643			202,119			116,428			100,734			64,248			59,940

Gross profit		88,677			80,575			44,049			45,924			26,298			23,896

Operating costs and expenses:
Selling expenses		33,919			35,051			16,808			18,576			10,059			10,395
General and administrative expenses		14,171			12,685			6,613			6,135			4,203			3,762

Operating profit		40,587			32,839			20,628			21,213			12,036			9,739

Other expenses (income)		-			11,569			-			11,569			-			3,431

Operating profit after other expenses (income)		40,587			21,270			20,628			9,644			12,036			6,308

Financial income		26,604			15,152			21,478			4,188			7,890			4,493
Financial expense		(1,423	)		(1,031	)		(1,468	)		(1,549	)		(422	)		(306	)

Total financial income		25,181			14,121			20,010			2,639			7,468			4,187

Income before taxes on income		65,768			35,391			40,638			12,283			19,504			10,495
Taxes on income		(14,389	)		(9,990	)		(8,764	)		(5,436	)		(4,267	)		(2,962	)

Profit for the period		51,379			25,401			31,874			6,847			15,237			7,533

Earnings per share:
Basic earnings per share		3.7			1.8			2.3			0.5			1.1			0.5
Diluted earnings per share		3.6			1.8			2.2			0.5			1.1			0.5

Shares used in computation of basic EPS		13,883,685			13,867,017			13,883,685			13,867,017			13,883,685			13,867,017
Shares used in computation of diluted EPS		14,328,049			13,867,017			14,328,049			13,867,017			14,328,049			13,867,017
Actual number of shares		13,883,685			13,867,017			13,883,685			13,867,017			13,883,685			13,867,017

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

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

	Six months						Three months						Six months
	ended						ended						ended
	June 30,						June 30,						June 30,
	2 0 2 5			2 0 2 4			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		51,379			25,401			31,874			6,847			15,237			7,533
Adjustments to reconcile net profit to net cash used to continuing operating activities (Appendix A)		(48,830	)		(40,352	)		(29,636	)		(25,571	)		(14,481	)		(11,967	)

Net cash from (used in) continuing operating activities		2,549			(14,951	)		2,238			(18,724	)		756			(4,434	)


CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(1,803	)		(3,474	)		(1,274	)		(1,081	)		(535	)		(1,030	)
Acquisition of property plant and equipment under construction		(18,196	)		(18,262	)		(7,427	)		(13,941	)		(5,396	)		(5,416	)
Proceeds from sale of property plant and Equipment		-			116			-			116			-			34
Proceeds from sale of marketable securities, net		20,760			4,212			15,620			3,589			6,156			1,249

Net cash used in (from) continuing investing activities		761			(17,408	)		6,919			(11,317	)		225			(5,163	)

CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(988	)		(1,087	)		(408	)		(367	)		(293	)		(322	)
Dividend		(29,953	)		(9,982	)		(29,953	)		(9,982	)		(8,883	)		(2,960	)

Net cash used in continuing financing activities		(30,941	)		(11,069	)		(30,361	)		(10,349	)		(9,176	)		(3,282	)

Decrease in cash and cash equivalents		(27,631	)		(43,428	)		(21,204	)		(40,390	)		(8,195	)		(12,879	)

Cash and cash equivalents at the beginning of the financial period		122,938			137,466			116,870			134,850			36,459			40,767

Exchange gains (loss) on cash and cash equivalents		(973	)		934			(1,332	)		512			(288	)		277

Cash and cash equivalents of the end of the financial year		94,334			94,972			94,334			94,972			27,976			28,165

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

G. WILLI-FOOD INTERNATIONAL LTD.

APPENDIX A TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

CASH FLOWS - OPERATING ACTIVITIES:

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

	Six months						Three months						Six months
	ended						ended						ended
	June 30,						June 30,						June 30,
	2 0 2 5			2 0 2 4			2 0 2 5			2 0 2 4			2 0 2 5			2 0 2 4
	NIS												US dollars (*)
	(in thousands)

Increase (decrease) in deferred income taxes		2,121			1,213			2,303			(206	)		629			360
Unrealized losses (gain) on marketable securities		(19,353	)		(6,821	)		(17,792	)		1,226			(5,739	)		(2,023	)
Depreciation and amortization		3,773			2,644			1,918			795			1,119			784
Stock based compensation reserve		424			291			(128	)		91			126			86
Exchange losses (gains) on cash and cash equivalents		973			(934	)		1,332			(512	)		288			(277	)

Changes in assets and liabilities:
Increase in trade receivables and other receivables		(6,684	)		(1,339	)		(8,153	)		(9,021	)		(1,983	)		(397	)
Decrease (increase) in inventories		(18,259	)		(59,433	)		6,659			(47,026	)		(5,415	)		(17,625	)
Increase (decrease) in trade and other payables, and other current liabilities		(2,284	)		30,588			(8,450	)		33,125			(677	)		9,071
Cash generated from operations		(39,289	)		(33,791	)		(22,311	)		(21,528	)		(11,652	)		(10,021	)
Income tax paid		(9,541	)		(6,561	)		(7,325	)		(4,043	)		(2,829	)		(1,946	)
Net cash flows used in operating activities		(48,830	)		(40,352	)		(29,636	)		(25,571	)		(14,481	)		(11,967	)

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

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.