G Willi Food International Ltd 6-K, filed Nov 20, 2024

G Willi Food International Ltd (WILCF)

6-K 2024-11-20 For: 2024-11-20

View Original

Added on April 08, 2026

About this 6-K

G Willi Food International Ltd filed this 6-K on November 20, 2024.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

	G. Willi-Food International Ltd.

	By:	/s/ Yitschak Barabi
		Name: Yitschak Barabi
		Title: Chief Financial Officer

	September 30,						December 31			September 30,						December 31
	2 0 2 4			2 0 2 3			2 0 2 3			2 0 2 4			2 0 2 3			2 0 2 3
	NIS									US dollars (*)
	(in thousands)
ASSETS

Current assets
Cash and cash equivalents		111,262			121,231			137,466			29,990			32,677			37,053
Financial assets carried at fair value through profit or loss		114,437			99,895			102,163			30,846			26,926			27,537
Trade receivables		178,047			155,857			160,379			47,990			42,010			43,229
Other receivables and prepaid expenses		9,543			8,433			10,164			2,572			2,273			2,739
Inventories		97,796			75,807			62,475			26,360			20,433			16,840
Current tax assets		5,385			9,556			9,497			1,451			2,576			2,560
Total current assets		516,470			470,779			482,144			139,209			126,895			129,958

Non-current assets
Property, plant and equipment		154,438			115,789			122,222			41,627			31,210			32,944
Less - Accumulated depreciation		58,035			54,750			55,636			15,642			14,757			14,996
		96,403			61,039			66,586			25,985			16,453			17,948

Right of use asset		4,504			2,729			2,124			1,214			736			573
Financial assets carried at fair value through profit or loss		45,851			44,505			46,143			12,359			11,996			12,437
Goodwill		36			36			36			10			10			10
Total non-current assets		146,794			108,309			114,889			39,568			29,195			30,968

		663,264			579,088			597,033			178,777			156,090			160,926
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		2,112			1,847			1,512			569			498			408
Trade payables		30,968			16,873			21,622			8,347			4,548			5,828
Employees Benefits		4,264			4,132			4,193			1,149			1,114			1,130
Other payables and accrued expenses		25,932			8,342			10,854			6,990			2,249			2,926
Total current liabilities		63,276			31,194			38,181			17,055			8,409			10,292

Non-current liabilities
Lease liabilities		2,684			1,079			694			723			291			187
Deferred taxes		7,455			4,742			4,868			2,009			1,278			1,312
Retirement benefit obligation		1,055			1,030			1,055			284			278			284
Total non-current liabilities		11,194			6,851			6,617			3,016			1,847			1,783
Shareholders’ equity
Share capital		1,490			1,490			1,490			402			402			402
Additional paid in capital		172,981			172,477			172,589			46,626			46,490			46,520
Remeasurement of the net liability in respect of defined benefit		(154	)		(195	)		(154	)		(42	)		(53	)		(42	)
Capital fund		247			247			247			67			67			67
Retained earnings		414,858			367,652			378,691			111,822			99,097			102,073
Treasury shares		(628	)		(628	)		(628	)		(169	)		(169	)		(169	)
Equity attributable to owners of the Company		588,794			541,043			552,235			158,706			145,834			148,851

		663,264			579,088			597,033			178,777			156,090			160,926

	Nine months					Three months						Nine months
	ended					ended						ended
	September 30,					September 30,						September 30,
	2 0 2 4		2 0 2 3			2 0 2 4			2 0 2 3			2 0 2 4		2 0 2 3
	NIS											US dollars (*)
	In thousands (except per share and share data)

Sales		435,493		404,521			152,799			123,921			117,384		109,035
Cost of sales		312,956		314,895			110,837			100,387			84,355		84,877

Gross profit		122,537		89,626			41,962			23,534			33,029		24,158

Operating costs and expenses:
Selling expenses		52,758		55,982			17,707			17,282			14,220		15,089
General and administrative expenses		19,410		19,311			6,725			5,890			5,232		5,205

Operating profit before other expenses (income)		50,369		14,333			17,530			362			13,577		3,864

Other expenses (income)		11,522		(165	)		(47	)		(140	)		3,106		(44	)

Operating profit after other expenses (income)		38,847		14,498			17,577			502			10,471		3,908

Financial income		24,568		12,142			9,416			5,923			6,622		3,273
Financial expense		1,345		550			314			181			363		148

Total financial income		23,223		11,592			9,102			5,742			6,259		3,125

Income before taxes on income		62,070		26,090			26,679			6,244			16,730		7,033
Taxes on income		15,919		5,471			5,929			1,339			4,291		1,475

Profit for the period		46,151		20,619			20,750			4,905			12,439		5,558

Earnings per share:
Basic earnings per share		3.33		1.49			1.50			0.35			0.90		0.40
Diluted earnings per share		3.33		1.49			1.50			0.35			0.90		0.40

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

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 30,
	2 0 2 4			2 0 2 3			2 0 2 4			2 0 2 3			2 0 2 4			2 0 2 3
	NIS												US dollars (*)
	(in thousands)

CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations		46,151			20,619			20,750			4,905			12,439			5,558
Adjustments to reconcile net profit to net cash used to continuing operating activities (Appendix A)		(30,029	)		(12,225	)		10,323			19,817			(8,095	)		(3,295	)

Net cash from continuing operating activities		16,122			8,394			31,073			24,722			4,344			2,263

CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(4,278	)		(**)(4,230	)		(804	)		(**)(1,891)	)		(1,152	)		(1,140	)
Acquisition of property plant and equipment under construction		(29,399	)		(**)(12,318)	)		(11,137	)		(**)(5,681)	)		(7,923	)		(3,320	)
Proceeds from sale of property plant and Equipment		143			-			27			-			39			-
Proceeds from sale of marketable securities, net		1,074			19,772			(3,138	)		3,739			289			5,329

Net cash used in (from) continuing investing activities		(32,460	)		3,224			(15,052	)		(3,833	)		(8,747	)		869

CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(1,513	)		(1,681	)		(426	)		(727	)		(408	)		(453	)
Dividend		(9,982	)		(39,946	)		-			(9,997	)		(2,691	)		(10,767	)

Net cash used in continuing financing activities		(11,495	)		(41,627	)		(426	)		(10,724	)		(3,099	)		(11,220	)

Increase (decrease) in cash and cash equivalents		(27,833	)		(30,009	)		15,595			10,165			(7,502	)		(8,088	)

Cash and cash equivalents at the beginning of the financial period		137,466			150,607			94,972			110,916			37,053			40,595

Exchange gains on cash and cash equivalents		1,629			633			695			150			439			170

Cash and cash equivalents of the end of the financial year		111,262			121,231			111,262			121,231			29,990			32,677

	Nine months						Three months						Nine months
	ended						ended						ended
	September 30,						September 30,						September 30,
	2 0 2 4			2 0 2 3			2 0 2 4			2 0 2 3			2 0 2 4			2 0 2 3
	NIS												US dollars (*)
	(in thousands)

Decrease in deferred income taxes		2,587			544			1,374			397			697			147
Unrealized losses (gains) on marketable securities		(13,058	)		(3,297	)		(6,237	)		(2,744	)		(3,519	)		(889	)
Depreciation and amortization		5,583			5,008			2,939			1,672			1,505			1,350
Stock based compensation reserve		392			926			101			236			106			250
Capital gain on disposal of property plant and equipment		(143	)		(25	)		(143	)		-			(38	)		(7	)
Exchange gains on cash and cash equivalents		(1,629	)		(633	)		(695	)		(150	)		(439	)		(170	)

Changes in assets and liabilities:
Increase (decrease) in trade receivables and other receivables		(1,764	)		10,882			(425	)		5,487			(477	)		2,933
Decrease (increase) in inventories		(35,321	)		(3,878	)		24,112			22,495			(9,521	)		(1,045	)
Increase (decrease) in trade and other payables, and other current liabilities		24,495			(10,935	)		(6,093	)		(5,176	)		6,602			(2,948	)
Cash generated from operations		(18,858	)		(1,408	)		14,933			22,217			(5,084	)		(379	)
Income tax paid		(11,171	)		(10,817	)		(4,610	)		(2,400	)		(3,011	)		(2,916	)
Net cash flows from (used in) operating activities		(30,029	)		(12,225	)		10,323			19,817			(8,095	)		(3,295	)