[6-K] G WILLI FOOD INTERNATIONAL LTD Current Report (Foreign Issuer)
Rhea-AI Filing Summary
G. Willi-Food International reported record 2025 results, with sales up 6.0% to NIS 610.6 million and the highest profit metrics in its history. Gross profit rose 8.4% to NIS 174.8 million, lifting the gross margin to 28.6% as improved terms with suppliers and customers and a more profitable product mix took hold.
Operating profit climbed 35.6% to NIS 74.4 million, helped by margin gains and the absence of a NIS 11.6 million administrative fine recorded in 2024. Income before taxes reached a record NIS 116.6 million, while net profit increased to NIS 90.4 million, or NIS 6.50 per share, up from NIS 70.3 million, or NIS 5.07 per share, in 2024.
The company ended 2025 with NIS 124.2 million in cash and cash equivalents and shareholders’ equity of NIS 655.1 million, highlighting a solid balance sheet after paying NIS 49.9 million in dividends. Management emphasized resilience amid regional security tensions and expects a new refrigerated logistics center, targeted to be operational in the second half of 2026, to support future growth in frozen and chilled products.
Positive
- None.
Negative
- None.
Insights
Record 2025 earnings, stronger margins, and a debt-light balance sheet mark a notably strong year.
G. Willi-Food International delivered record 2025 performance: sales grew 6.0% to NIS 610.6 million while gross profit rose 8.4% to NIS 174.8 million, expanding gross margin to 28.6%. Operating profit jumped 35.6% to NIS 74.4 million, reflecting both margin expansion and the absence of the prior-year administrative fine.
Net profit increased to NIS 90.4 million, with basic earnings per share rising from NIS 5.07 to NIS 6.50. Financial income remained a meaningful contributor, with NIS 33.0 million from revaluation of the securities portfolio and NIS 10.6 million from interest and dividends. The business ended the year with NIS 124.2 million in cash and NIS 655.1 million in shareholders’ equity, while total liabilities stayed modest.
Strategically, construction of a new refrigerated logistics center, expected to become operational in the second half of 2026, is positioned to support expansion in frozen and chilled categories and improve efficiency. Management also highlighted maintaining full business continuity despite regional conflict and shipping disruptions, though forward-looking statements underline ongoing risks tied to security conditions, consumer demand, input prices, and exchange rates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
|
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.