Importing & marketing food products.
Willy Food ended 2025 with real operating improvement, but the stock remains a structure story: high consolidated profit, lower profit that actually reaches the parent, a core listed holding worth more than the current market cap, and a large liquid portfolio that materially sup…
In 2025, 37.5% of Willi-Food's pretax profit came from net finance income backed by a NIS 291.6 million current liquidity portfolio. That is a real earnings layer, but most of it depended on fair value gains rather than operating profit.
At Willi-Food, NIS 91.1 million of consolidated profit is only the accounting starting point, not the profit the listed parent shareholder is actually buying: only NIS 55.1 million is attributable to the company's shareholders, while NIS 36.1 million remains with non-controlling…
Willy Food trades at the topco level below the value of its core holding because the consolidated statements blur the difference between group value and value that actually belongs and can rise to the top company’s shareholders.
In 2025 Willy Food no longer showed only the earnings of a food importer. Nearly half of pre-tax profit leaned on financing on a net basis, and most financing income came from fair-value changes in financial assets rather than plain interest on cash.
