Tomer Food Says Preliminary Restatement Would Erase 2025 Profit
Published
Tomer Food Combination said Thursday that preliminary corrections to the 2025 accounts of its wholly owned subsidiary Tomer Import and Marketing Food (1983) would turn a NIS 3.056 million net profit into an estimated NIS 34,000 loss. Estimated revenue would fall from NIS 244.858 million to NIS 239.148 million after errors involving inventory valuation, early revenue recognition and a supplier-credit receivable. The company said its review and auditor work remain unfinished, so the figures may change. Bank Leumi, First International Bank and Mizrahi-Tefahot granted temporary waivers of immediate repayment for the specified 2025 covenant breach through publication of 2026 annual statements; the subsidiary must agree on revised covenants with each by November 30, 2026.