Welcome to our dedicated page for G Willi-Food International news (Ticker: WILC), a resource for investors and traders seeking the latest updates and insights on G Willi-Food International stock.
G. Willi-Food International Ltd. reports developments tied to its kosher food import, marketing and international distribution business. The company operates directly and through subsidiaries, with food categories that include dairy and dairy substitutes, canned vegetables and pickles, canned fish, canned fruit, edible oils, cereals, rice, pasta and other products.
Recurring news focuses on annual and quarterly operating results, product availability, supplier terms, product mix, margins and cash dividend distributions. Company updates also describe its sales channels in Israel and abroad, including retail chains, private supermarkets, wholesalers and institutional customers, as well as activity at Willi-Food in Israel and Euro European Dairies.
G. Willi-Food International (NASDAQ: WILC) has announced a significant dividend distribution of NIS 30 million (approximately US$8.27 million). The dividend payment details include:
- NIS 2.16 per ordinary share (approximately US$0.6)
- Record date: March 24, 2025
- Payment date: April 7, 2025
The final dividend amount in US dollars may vary due to exchange rate fluctuations between NIS and USD on March 24, 2025, and the total number of outstanding shares on the record date. G. Willi-Food specializes in kosher food products, with operations including import, marketing, and distribution of over 650 food products to more than 1,500 customers and 3,000 selling points globally.
G. Willi-Food International (NASDAQ: WILC) reported record financial results for fiscal year 2024, with sales increasing 6.0% to NIS 575.8 million (US$ 157.9 million). The company achieved significant improvements across key metrics:
- Net profit rose 121.8% to NIS 70.3 million (US$ 19.3 million)
- Gross profit increased 33.8% to NIS 161.3 million (US$ 44.2 million)
- Operating profit grew 169.1% to NIS 54.9 million (US$ 15.1 million)
Despite challenges from the "Iron Sword" war in Israel, including Suez Canal shipping restrictions and Turkish supply disruptions, the company maintained sufficient inventory levels. The company is constructing a new advanced logistics center, expected to complete by end of 2025, aimed at expanding into frozen and chilled products. However, the company faced a NIS 11.4 million administrative fine from the Israel Competition Authority.
G. Willi-Food International (NASDAQ: WILC) reported strong Q3 2024 results with significant improvements across all operational parameters. Sales increased 23.3% to NIS 152.8 million (US$ 41.2 million), while gross profit surged 78.3% to NIS 42.0 million. The company achieved a remarkable 3,401.4% increase in operating profit to NIS 17.6 million and a 323% rise in net profit to NIS 20.8 million. These results were achieved despite war-related challenges affecting Red Sea shipping and Turkish imports. The company maintains a strong cash position of NIS 225.7 million and continues construction of its new logistics center, expected to complete in H2 2025.
G. Willi-Food International (NASDAQ: WILC) reported strong financial results for Q2 2024. Sales increased by 13.5% to NIS 146.7 million (US$ 39.0 million), while gross profit surged 76.2% to NIS 45.9 million (US$ 12.2 million). Operating profit before other expenses saw a remarkable 2,080.2% increase to NIS 21.2 million (US$ 5.6 million). Net profit rose 40.6% to NIS 6.8 million (US$ 1.8 million).
The company attributed the improved performance to increased product range and inventory levels. Despite an administrative fine of NIS 11.6 million, Willi-Food maintained strong profitability. The company ended Q2 with a cash and securities balance of NIS 199.6 million (US$ 53.1 million).
G. Willi-Food International (NASDAQ: WILC) announced its unaudited Q1 2024 financial results, showing a 10.1% decrease in sales to NIS 136.0 million (USD 37.0 million) compared to Q1 2023.
Gross profit fell by 13.5% to NIS 34.7 million (USD 9.4 million), and operating profit declined by 10.7% to NIS 11.6 million (USD 3.2 million).
However, net profit surged by 72.2% to NIS 18.6 million (USD 5.1 million), mainly due to a significant increase in financial income to NIS 11.5 million (USD 3.1 million).
The company ended Q1 2024 with a cash and securities balance of NIS 244.4 million (USD 66.4 million).
Willi-Food continues to navigate challenges, including delays in goods arrival and increased costs, while working on improving commercial terms and constructing a new logistics center expected to complete by end of 2025.
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