Report of Foreign Issuer (6-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2016

Commission file number: 0-30394

Metalink Ltd.

(Translation of registrant’s name into English)

Tel-Aviv Israel

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): £

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): £

The information contained in this Report on Form 6-K is hereby incorporated by reference into the registrant's Registration Statements on Form F-3 File Nos. 333-152119, 333-145431, 333-104147 and 333-13806 and on Form S-8, File Nos. 333-121901, 333-12064, 333-88172, 333-112755 and 333-149657.

6-K Items

99.1	Press Release, dated January 13, 2016: The following exhibits are included in this Report on Form 6-K and incorporated herein by reference: Metalink Reports Full Year 2015 unaudited Results.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	METALINK LTD.

Date: January 13, 2016	By:	/s/ Shay Evron
		Shay Evron
		Chief Financial Officer

Exhibit 99.1

Shay Evron, CFO

Metalink Ltd.

Tel: 972-3-7111690

Fax: 972-3-7111691

Shay.Evron@il.gt.com

METALINK REPORTS 2015 FULL YEAR RESULTS

Tel-Aviv, Israel, March 13, 2016 - Metalink Ltd. (OTCQB: MTLK), today announced its unaudited financial results for the year ended December 31, 2015.

FINANCIAL RESULTS

Financial Highlights for the year 2015: Revenues for the year ended December 31, 2015 were $506,000, compared to revenues of $34,000 in the year ended December 31, 2014. Net profit for year ended December 31, 2015 was $42,000, or $0.016 per share, compared to net loss of $264,000, or $0.10 per share, for the year ended December 31, 2014.

Financial Income, Net: The net financial income for the year ended December 31, 2015, were $12,000 compared to $0 net financial income for the year ended December 31, 2014.

Cash Status: Metalink’s cash and cash equivalents as of December 31, 2015 were $4.57 million compared with $4.54 million as of December 31, 2014.

2016 OUTLOOK

In March 2015, Metalink completed the delivery and received payment for DSL products. This order marked the last order that Metalink will receive for DSL products, which were the subject of an "end of life" notice issued by the Company already in early 2008.

ABOUT METALINK

Metalink shares are quoted on OTCQB under the symbol “MTLK”. For more information, please see our public filings at the SEC's website at www.sec.gov.

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SAFE HARBOR STATEMENT

This press release contains “forward looking statements” within the meaning of the United States securities laws. Words such as “aim,” "expect," "estimate," "project," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to: nominal operations following the Lantiq transaction and the last order for DSL products; uncertainty as to our future business model and our ability to identify and evaluate suitable business opportunities; and our U.S. shareholders may suffer adverse tax consequences if we will be classified as a passive foreign investment company. Additional factors that could cause actual results to differ materially from these forward-looking statements are set forth from time to time in Metalink's filings with the Securities and Exchange Commission, including Metalink's Annual Report in Form 20-F. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable law, the Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events. The Company cannot guarantee future results, events, and levels of activity, performance, or achievements.

(TABLES FOLLOW)

METALINK LTD.

CONSOLIDATED BALANCE SHEETS

(in thousands except share data)

	December 31,			December 31,
	2015			2014
ASSETS
Current assets
Cash and cash equivalents	$	4,573		$	4,537
Government institutions		2			17
Prepaid expenses		9			9
Inventories		-			176
Total assets		4,584			4,739

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Other payables and current liabilities	$	169		$	366
Total current liabilities		169			366

Shareholders' equity
Ordinary shares of NIS 1.0 par value (5,000,000 shares - authorized, 2,780,707 shares - issued and 2,690,857 shares - outstanding as of December 31, 2015 and December 31, 2014)		790			790
Additional paid-in capital		158,111			158,111
Accumulated deficit		(144,601	)		(144,643	)
		14,300			14,258

Treasury stock, at cost; 89,850 as of
December 31, 2015 and December 31, 2014		(9,885	)		(9,885	)
Total shareholders' equity		4,415			4,373
Total liabilities and shareholders' equity	$	4,584		$	4,739

METALINK LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

	Year ended December 31,
	2015		2014
Revenues
	$	506	$	34
Cost of revenues		217		23

Gross profit (loss)		289		11

Sales and marketing		84		3

General and administrative		175		272

Operating loss		30		(264	)

Financial income, net		12		-

Net loss	$	42	$	(264	)

Per share data-

Basic and Diluted loss	$	0.016	$	(0.10	)