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6-K 1 zk2634890.htm 6-K

UNITED STATES

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 March 2026

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 March 24, 2026, G. Willi-Food International Ltd. (the “Company”) issued a press release announcing its financial results for the fiscal year ended December 31, 2025. A copy of the press release is filed herewith as Exhibit 99.1.

This Report on Form 6-K is hereby incorporated by reference into the Company's Registration Statements on Form S-8 (File Nos. 333-289474 and 333-266312).

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: March 24, 2026

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.