G. Willi-Food International Ltd. announced record-high annual sales and net profit for the fiscal year ended December 31, 2024. Sales increased by 6.0% to NIS 575.8 million (US$ 157.9 million) from NIS 543.3 million in fiscal year 2023. Gross profit rose by 33.8% to NIS 161.3 million (US$ 44.2 million), representing 28.0% of revenues.
The company reported a significant increase in operating profit, which grew by 169.1% to NIS 54.9 million (US$ 15.1 million), or 9.5% of revenues, compared to NIS 20.4 million in 2023. Net profit reached NIS 70.3 million (US$ 19.3 million), or NIS 5.07 (US$ 1.39) per share, a substantial increase from NIS 31.7 million, or NIS 2.3 (US$ 0.6) per share, in the previous year.
Willi-Food ended fiscal year 2024 with a robust balance sheet, including NIS 246.1 million (US$ 67.5 million) in cash and cash equivalents and shareholders' equity of NIS 612.9 million (US$ 168.1 million). The company also noted significant progress on its new advanced logistics center, which is expected to be completed by the end of 2025 and will support expansion into new product categories like frozen and chilled foods.
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