G Willi-Food International (WILC) Q4 2024 earnings summary

Executive summary

• Achieved record annual sales of NIS 575.8 million (US$157.9 million), up 6.0% year-over-year.

• Net profit reached a record NIS 70.3 million (US$19.3 million), a 121.8% increase year-over-year.

• Overcame significant operational challenges due to the "Iron Sword" war, including shipping delays and supply disruptions.

• Maintained high inventory levels and expanded product portfolio, focusing on more profitable products.

• Advanced construction of a new logistics center, expected to be completed by end of 2025.

Financial highlights

• Sales rose 6.0% to NIS 575.8 million (US$157.9 million) from NIS 543.3 million (US$149.0 million) year-over-year.

• Gross profit increased 33.8% to NIS 161.3 million (US$44.2 million), with gross margin rising to 28.0% from 22.2%.

• Operating profit before other expenses jumped 228.2% to NIS 66.3 million (US$18.2 million).

• Net profit surged 121.8% to NIS 70.3 million (US$19.3 million), EPS of NIS 5.07 (US$1.39).

• Cash and cash equivalents at year-end were NIS 246.1 million (US$67.5 million).

Outlook and guidance

• Management remains optimistic about continued improvement and growth in 2025 and beyond.

• New logistics center expected to enhance capabilities and support expansion into new product categories.