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6-K 1 zk2534023.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 November 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 November 17, 2025, G. Willi-Food International Ltd. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 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: November 17, 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 THIRD QUARTER 2025.

REPORTS AN IMPROVEMENTS IN ITS GROSS AND OPERATING PROFIT AND MARGINS.

YAVNE, Israel – November 17, 2025 - 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 third quarter ended September 30, 2025.

Third Quarter Fiscal Year 2025

•	Sales for the third quarter were NIS 152.8 million (US$ 46.2 million) remaining at the same level compared to the third quarter of 2024.

•	Gross profit increased by 2.6% year-over-year to NIS 43.1 million (US$ 13.0 million).

•	Operating profit increased by 4.1% year-over-year to NIS 18.3 million (US$ 5.5 million).

•	Net profit for the third quarter was NIS 19.2 million (US$ 5.8 million(.

•	Basic earnings per share of NIS 1.4 (US$ 0.4).

•	Cash and securities balance of NIS 225.4 million (US$ 68.2 million) as of September 30, 2025.

Management Comment

Zwi Williger & Joseph Williger, Chairman & CEO, respectively, of Willi-Food, commented:

“We are pleased to present G. Willi-Food International’s third quarter 2025 results, as well as strong results for the nine-month period ended September 30, 2025. The Company delivered improved gross and operating profit margins compared to the same periods last year, alongside strong sales performance.

Despite approximately three fewer working days during the quarter, we succeeded in maintaining the same level of sales, reflecting the strength and resilience of our operations.

Following the cessation of the war in Gaza, the decline in exchange rates have further supported our ability to improve import prices and strengthen the competitive alternative that Willi-Food offers to the market.

The constructed new refrigerated logistics center is progressing as planned, and we expect to open the center toward the end of the first quarter of 2026. This advanced facility represents a significant milestone for the Company, as it is expected to enhance our logistical capabilities to support entry into new food categories, increase product availability, expand existing lines, and achieve meaningful cost efficiencies.

We remain optimistic about the continued positive momentum, driven by our operational excellence, strategic investments, and the dedication of our team, as we continue to build long-term value for our shareholders.”

Third Quarter Fiscal 2025 Summary

Sales for the third quarter of 2025 were NIS 152.8 million (US$ 46.2 million). The Company maintained the same level of sales compared to third quarter of 2024 despite a lower number of working days in the quarter compared to the corresponding period last year.

Gross profit for the second quarter of 2025 increased by 2.6% to NIS 43.1 million (US$ 13.0 million), or 28.2% of revenues, compared to NIS 42.0 million (US$ 12.7 million), or 27.5% of revenues in the third quarter of 2024. The increases in gross profit and gross margins were due to the Company’s efforts to improve its commercial terms with its suppliers and focusing on selling a more profitable products portfolio.

Selling expenses for the third quarter of 2025 were NIS 18.0 million (US$ 5.4 million), remaining at the same level compared to third quarter of 2024.

General and administrative expenses for the third quarter of 2025 were NIS 6.9 million (US$ 2.1 million), remaining at the same level compared to third quarter of 2024.

Operating profit for the third quarter of 2025 increased by 4.1% to NIS 18.3 million (US$ 5.5 million), compared to NIS 17.6 million (US$ 5.3 million) in the third quarter of 2024. The increase was primarily due to the increase in gross profit.

Financial income, net for the third quarter of 2025 totaled NIS 6.7 million (US$ 2.0 million), compared to NIS 9.1 million (US$ 2.6 million) in the third quarter of 2024. Financial income for the third quarter of 2025 was comprised mainly from revaluation of the Company’s portfolio of securities to in the amount of NIS 5.4 million (US$ 1.6 million) and from interest and dividend income from the Company’s portfolio of securities in an amount of NIS 2.0 million (US$ 0.6 million)

Willi-Food’s income before taxes for the third quarter of 2025 was NIS 25.0 million (US$ 7.6 million), compared to NIS 26.7 million (US$ 8.1 million) in the third quarter of 2024.

Willi-Food’s net profit in the third quarter of 2025 was NIS 19.2 million (US$ 5.8 million), or NIS 1.4 (US$ 0.4) per share, compared to NIS 20.8 million (US$ 6.3 million), or NIS 1.5 (US$ 0.5) per share, in the third quarter of 2024.

Willi-Food ended the third quarter of 2025 with NIS 225.4 million (US$ 68.2 million) in cash and securities. Net cash resulted from operating activities for the third quarter of 2024 was NIS 225.7 million (US$ 68.3 million).

First Nine Months Fiscal 2025 Highlights

•	Sales increased by 5.2% to NIS 458.2 million (US$ 138.6 million), compared to NIS 435.5 million (US$ 131.7 million) in the first nine months of 2024.

•	Gross profit increased by 7.5% year-over-year to NIS 131.7 million (US$ 39.8 million).

•	Operating profit before other expenses (income) increased by 16.7% year-over-year to NIS 58.8 million (US$ 17.8 million).

•	Operating profit after other expenses (income) increased by 51.6% year-over-year to NIS 58.9 million (US$ 17.8 million).

•	Net profit increased by 52.9% year-over-year to NIS 70.6 million (US$ 21.3 million), or 15.4% of sales.

•	Basic earnings per share of NIS 5.1 (US$ 1.5).

First Nine Months Fiscal 2025 Summary

Sales for the nine-month period ending September 30, 2025, increased by 5.2% to NIS 458.2 million (US$ 138.6 million), compared to NIS 435.5 million (US$ 131.7 million) recorded in the first nine months 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 for large retail chains.

Gross profit for the first nine months of 2025 increased by 7.5% to NIS 131.7 million (US$ 39.8 million), or 28.7% of revenues, compared to NIS 122.5 million (US$ 37.1 million), or 28.1% of revenues, in the first nine months of 2024. The increases in gross profit and gross margins were due to the increase in the Company’s sales and due to the Company’s efforts to improve its commercial terms with its customers and suppliers and focusing on selling a more profitable products portfolio.

Selling expenses for the first nine months of 2025 decreased by 1.7% to NIS 51.9 million (US$ 15.7 million), compared to NIS 52.8 million (US$ 16.0 million) in the first nine months of 2024. The decrease was mainly due to reduce in advertising and promotion expenses.

General and administrative expenses for the first nine months of 2025 increased by 8.7% to NIS 21.1 million (US$ 6.4 million), compared to NIS 19.4 million (US$ 5.9 million). The increase was mainly due to the provision for profit-based compensation to senior management resulting from the increase in operating profit and from share-based payment program.

Operating profit before other expenses (income) for the first nine months of 2025 increased by 16.7% to NIS 58.8 million (US$ 17.8 million), compared to NIS 50.4 million (US$ 15.2 million) in the first nine months of 2024. The increase was primarily due to the increase in gross profit.

There were no other expenses for the first nine months of 2025. Other expenses for the corresponding period were NIS 11.6 million (US$ 3.5 million) in respect of the agreement reached by the Company with the Israel 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 (income) for the first nine months of 2025 increased by 51.6% to NIS 58.9 million (US$ 17.8 million), compared to NIS 38.8 million (US$ 11.7 million) in the first nine months 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 nine months of 2025 totaled NIS 31.9 million (US$ 9.6 million), compared to NIS 23.2 million (US$ 7.0 million) in the first nine months of 2024. Financial income, net for the first nine months of 2025 was comprised mainly from revaluation of the Company’s portfolio of securities to in the amount of NIS 25.1 million (US$ 7.6 million) and from interest and dividend income from the Company’s portfolio of securities in an amount of NIS 9.0 million (US$ 2.7 million).

Willi-Food’s income before taxes for the first nine months of 2025 was NIS 90.8 million (US$ 27.5 million), compared to NIS 62.1 million (US$ 18.8 million) in the first nine months of 2024.

Willi-Food’s net profit in the first nine months of 2025 was NIS 70.6 million (US$ 21.3 million), or NIS 5.1 (US$ 1.5) per share, compared to NIS 46.2 million (US$ 14.0 million), or NIS 3.3 (US$ 1.0) per share, recorded in the first nine months of 2024.

NOTE A: NIS to US$ exchange rate used for convenience only

Convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on September 30, 2025, with U.S. $1.00 equal to NIS 3.306. 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 September 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 3,500 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 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, 2024, filed with the Securities and Exchange Commission on March 17, 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)

	September 30,						December 31			September 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		104,449			111,262			122,938			31,594			33,655			37,186
Financial assets carried at fair value through profit or loss		120,920			114,437			123,189			36,576			34,615			37,262
Trade receivables		173,476			178,047			171,331			52,473			53,856			51,824
Other receivables and prepaid expenses		4,034			9,543			7,384			1,220			2,887			2,234
Inventories		108,411			97,796			98,234			32,792			29,581			29,714
Current tax assets		1,569			5,385			744			475			1,629			225
Total current assets		512,859			516,470			523,820			155,130			156,223			158,445

Non-current assets
Property, plant and equipment		197,167			154,438			168,217			59,639			46,714			50,882
Less - Accumulated depreciation		61,975			58,035			58,349			18,746			17,554			17,649
		135,192			96,403			109,868			40,893			29,160			33,233

Right of use asset		4,948			4,504			4,814			1,497			1,362			1,456
Financial assets carried at fair value through profit or loss		50,113			45,851			47,842			15,158			13,869			14,471
Goodwill		36			36			36			11			11			11
Total non-current assets		190,289			146,794			162,560			57,559			44,402			49,171

		703,148			663,264			686,380			212,689			200,625			207,616
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		2,181			2,112			2,179			660			639			659
Trade payables		27,402			30,968			28,203			8,289			9,367			8,531
Employees Benefits		4,531			4,264			4,532			1,371			1,290			1,371
Other payables and accrued expenses		17,827			25,932			25,015			5,392			7,844			7,566
Total current liabilities		51,941			63,276			59,929			15,712			19,140			18,127

Non-current liabilities
Lease liabilities		2,931			2,684			2,521			887			812			763
Deferred taxes		12,558			7,455			9,888			3,799			2,255			2,991
Retirement benefit obligation		1,102			1,055			1,102			333			319			333
Total non-current liabilities		16,591			11,194			13,511			5,019			3,386			4,087
Shareholders’ equity
Share capital		1,491			1,490			1,491			451			451			451
Additional paid in capital		174,101			172,981			173,062			52,661			52,324			52,348
Remeasurement of the net liability in respect of defined benefit		(256	)		(154	)		(256	)		(77	)		(47	)		(77	)
Capital fund		247			247			247			75			75			75
Retained earnings		459,661			414,858			439,024			139,038			125,486			132,795
Treasury shares		(628	)		(628	)		(628	)		(190	)		(190	)		(190	)
Equity attributable to owners of the Company		634,616			588,794			612,940			191,958			178,099			185,402

		703,148			663,264			686,380			212,689			200,625			207,616

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

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 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		458,169			435,493			152,849			152,799			138,587			131,728
Cost of sales		326,424			312,956			109,781			110,837			98,737			94,663

Gross profit		131,745			122,537			43,068			41,962			39,850			37,065

Operating costs and expenses:
Selling expenses		51,874			52,758			17,955			17,707			15,691			15,958
General and administrative expenses		21,090			19,410			6,919			6,725			6,379			5,871

Operating profit before other expenses (income)		58,781			50,369			18,194			17,530			17,780			15,236

Other expenses (income)		(95	)		11,522			(95	)		(47	)		(29	)		3,485

Operating profit after other expenses (income)		58,876			38,847			18,289			17,577			17,809			11,751

Financial income		34,052			24,568			7,448			9,416			10,300			7,431
Financial expense		(2,149	)		(1,345	)		(726	)		(314	)		(650	)		(407	)

Total financial income		31,903			23,223			6,722			9,102			9,650			7,024


Income before taxes on income		90,779			62,070			25,011			26,679			27,459			18,775
Taxes on income		(20,223	)		(15,919	)		(5,834	)		(5,929	)		(6,117	)		(4,815	)

Profit for the period		70,556			46,151			19,177			20,750			21,342			13,960

Earnings per share:
Basic earnings per share		5.07			3.33			1.38			1.50			1.53			1.01
Diluted earnings per share		5.06			3.33			1.38			1.50			1.53			1.01

Shares used in computation of basic EPS		13,923,365			13,867,017			13,923,365			13,867,017			13,923,365			13,867,017
Shares used in computation of diluted EPS		13,940,365			13,867,017			13,940,365			13,867,017			13,940,365			13,867,017
Actual number of shares		13,923,365			13,867,017			13,923,365			13,867,017			13,923,365			13,867,017

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

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 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		70,556			46,151			19,177			20,750			21,342			13,960
Adjustments to reconcile net profit to net cash used to continuing operating activities (Appendix A)		(31,767	)		(30,029	)		17,063			10,323			(9,611	)		(9,083	)

Net cash from continuing operating activities		38,789			16,122			36,240			31,073			11,731			4,877


CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(4,356	)		(4,278	)		(2,553	)		(804	)		(1,318	)		(1,294	)
Acquisition of property plant and equipment under construction		(25,093	)		(29,399	)		(6,897	)		(11,137	)		(7,590	)		(8,893	)
Proceeds from sale of property plant and Equipment		95			143			95			27			29			43
Proceeds from sale of marketable securities, net		24,647			1,074			3,887			(3,138	)		7,455			325

Net cash used in (from) continuing investing activities		(4,707	)		(32,460	)		(5,468	)		(15,052	)		(1,424	)		(9,819	)


CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(1,427	)		(1,513	)		(439	)		(426	)		(432	)		(458	)
Dividend		(49,919	)		(9,982	)		(19,966	)		-			(15,100	)		(3,019	)

Net cash used in continuing financing activities		(51,346	)		(11,495	)		(20,405	)		(426	)		(15,532	)		(3,477	)


Increase (decrease) in cash and cash equivalents		(17,264	)		(27,833	)		10,367			15,595			(5,222	)		(8,419	)

Cash and cash equivalents at the beginning of the financial period		122,938			137,466			94,334			94,972			37,186			41,581

Exchange gains (loss) on cash and cash equivalents		(1,225	)		1,629			(252	)		695			(371	)		493

Cash and cash equivalents of the end of the financial year		104,449			111,262			104,449			111,262			31,594			33,655

(*) 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:

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 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 in deferred income taxes		2,670			2,587			549			1,374			808			783
Unrealized gains on marketable securities		(24,646	)		(13,058	)		(5,293	)		(6,237	)		(7,457	)		(3,950	)
Depreciation and amortization		5,829			5,583			2,056			2,939			1,763			1,689
Stock based compensation reserve		1,039			392			615			101			314			119
Capital gain on disposal of property plant and equipment		(95	)		(143	)		(95	)		(143	)		(29	)		(43	)
Exchange loss (gain) on cash and cash equivalents		1,225			(1,629	)		252			(695	)		371			(493	)

Changes in assets and liabilities:
Decrease (increase) in trade receivables and other receivables		17,135			(1,764	)		23,819			(425	)		5,183			(534	)
Decrease (increase) in inventories		(10,177	)		(35,321	)		8,082			24,112			(3,079	)		(10,684	)
Increase (decrease) in trade and other payables, and other current liabilities		(7,990	)		24,495			(5,706	)		(6,093	)		(2,417	)		7,409
Cash generated from (used in) operations		(15,010	)		(18,858	)		24,279			14,933			(4,543	)		(5,704	)
Income tax paid		(16,757	)		(11,171	)		(7,216	)		(4,610	)		(5,068	)		(3,379	)
Net cash flows from (used in) operating activities		(31,767	)		(30,029	)		17,063			10,323			(9,611	)		(9,083	)

(*) 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.