G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2026

Rhea-AI Summary

G. Willi-Food (NASDAQ: WILC) reported Q1 2026 sales of NIS 157.0 million, up 8.3% year-over-year. Gross profit rose 9.7% to NIS 49.0 million with a 31.2% margin, and net profit increased 3.0% to NIS 20.1 million (NIS 1.44 EPS).

Cash and securities totaled NIS 274.1 million, with NIS 22.4 million net cash from operations and shareholders' equity of NIS 653.8 million. The new refrigerated logistics center is now expected to commence operations in Q4 2026.

Positive

• Sales increased 8.3% to NIS 157.0 million in Q1 2026
• Gross profit grew 9.7% to NIS 49.0 million; margin 31.2%
• Net profit rose 3.0% to NIS 20.1 million; EPS NIS 1.44
• Net financial income increased to NIS 5.7 million in Q1 2026
• Cash and securities reached NIS 274.1 million at March 31, 2026
• Net cash from operating activities was NIS 22.4 million in Q1 2026

Negative

• Selling expenses rose 22.0% to NIS 20.9 million; 13.3% of revenues
• General and administrative expenses increased 6.4% to NIS 8.0 million
• Operating profit stayed flat at NIS 20.0 million year-over-year
• Refrigerated logistics center completion delayed to expected Q4 2026 start

News Market Reaction – WILC

-0.50%

-0.50% Session close to close

In the May 26 session, WILC declined 0.50%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details steady Q1 2026 growth, with sales up 8.3%, gross profit rising 9.7% and ne...

Analysis

This announcement details steady Q1 2026 growth, with sales up 8.3%, gross profit rising 9.7% and net profit reaching NIS 20.1M. Management highlights a strong cash position of NIS 274.1M and ongoing investment in a refrigerated logistics center, now expected in Q4 2026 due to wartime delays. Investors may track margin trends, expense growth, construction progress and how the new facility ultimately affects profitability and cash generation in upcoming quarters.

Key Figures

Q1 2026 Sales: NIS 157.0M (US$ 49.6M) Q1 2026 Gross Profit: NIS 49.0M (US$ 15.5M) Q1 2026 Operating Profit: NIS 20.0M (US$ 6.3M) +5 more

8 metrics

Q1 2026 Sales NIS 157.0M (US$ 49.6M) Up 8.3% vs. Q1 2025 (NIS 144.8M)

Q1 2026 Gross Profit NIS 49.0M (US$ 15.5M) Up 9.7% vs. Q1 2025 (NIS 44.6M)

Q1 2026 Operating Profit NIS 20.0M (US$ 6.3M) 12.8% of revenues; similar level to Q1 2025

Q1 2026 Net Profit NIS 20.1M (US$ 6.3M) Up 3.0% vs. Q1 2025 (NIS 19.5M)

Basic EPS NIS 1.44 (US$ 0.5) Up from NIS 1.41 in Q1 2025

Cash & Equivalents NIS 274.1M (US$ 86.6M) Balance as of March 31, 2026

Operating Cash Flow NIS 22.4M (US$ 7.1M) Net cash from operating activities, Q1 2026

Shareholders’ Equity NIS 653.8M (US$ 206.6M) Equity at end of March 2026

Historical Context

2 past events · Latest: Mar 24 (Positive)

Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 24	Dividend declaration	Positive	-1.2%	Announced NIS 22M cash dividend of about NIS 1.58 per share.
Mar 24	Full-year 2025 results	Positive	-1.2%	Reported record 2025 sales, profits and strong margins with logistics investment.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent positive corporate updates, including record 2025 results and a dividend declaration, were followed by modest negative price reactions, indicating a tendency toward mild selling on good news.

Recent Company History

Over recent months, G. Willi-Food highlighted record 2025 performance, with sales of NIS 610.6M, record income before taxes of NIS 116.6M, and net profit of NIS 90.4M. The company also announced a dividend of NIS 22M (about NIS 1.58 per share). Both events saw a roughly -1.2% next-day move, showing slight selling into strength. Today’s Q1 2026 update continues the theme of steady growth, margin improvement, and balance sheet strength.

Key Terms

ifrs

1 terms

ifrs regulatory

"results for the three-month period ended March 31, 2026, are presented in accordance with International Financial Reporting Standards ("IFRS")."

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GROSS PROFIT INCREASED BY 9.7% OVER COMPARABLE PERIOD IN 2025

YAVNE, Israel, May 26, 2026 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2026.

First Quarter Fiscal Year 2026

• Sales increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) in the first quarter of 2025.
• Gross profit increased by 9.7% year-over-year to NIS 49.0 million (US$ 15.5 million).
• Operating profit for the first quarter of 2026 is NIS 20.0 million (US$ 6.3 million).
• Net profit increased by 3.0% year-over-year to NIS 20.1 million (US$ 6.3 million).
• Basic earnings per share of NIS 1.44 (US$ 0.5).
• Cash and cash equivalents balance of NIS 274.1 million (US$ 86.6 million) as of March 31, 2026.

Management Comment

Zwi Williger, Chairman and Joseph Williger, CEO, commented: "We are pleased to begin 2026 with a strong first quarter, reflecting continued growth in both sales and profitability, driven by the consistent execution of our strategic plan.

During the quarter, we remained focused on a more profitable product mix, while ensuring high product availability to support growing demand and further strengthen our relationships with customers and suppliers. In addition, the appreciation of the NIS against the U.S. dollar and the Euro supported our cost structure as an importer, enabling us to offer competitive pricing and deliver strong value to consumers.

We continue to advance the construction of our new refrigerated logistics center. However, due to delays resulting from the ongoing war situation, the expected completion and commencement of operations of the facility is currently anticipated during the fourth quarter of 2026. We believe the new logistics center will support the Company's future growth and improve its operational efficiency.

Looking ahead, we remain optimistic and confident in our ability to continue generating sustainable growth and long-term value for our shareholders."

First Quarter Fiscal 2026 Summary

Sales for the first quarter of 2026 increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) recorded in the first quarter of 2025. The increase in sales was attributed to improved product availability for customers and growing demand for the company's products.

Gross profit for the first quarter of 2026 increased by 9.7% to NIS 49.0 million (US$ 15.5 million), or 31.2% of revenues, from NIS 44.6 million (US$ 14.1 million), or 30.8% of revenues recorded in the first quarter of 2025. The increase in gross profit and gross profit margin was primarily attributable to the increase in sales, improved purchase prices of the Company's products, resulting in part from the strengthening of the NIS against the U.S. dollar and the Euro, and the Company's focus on selling a more profitable product portfolio.

Selling expenses for the first quarter of 2026 increased by 22.0% to NIS 20.9 million (US$ 6.6 million), or 13.3% of revenues, compared to NIS 17.1 million (US$ 5.4 million), or 11.8% of revenues, recorded in the first quarter of 2025. The increase was mainly due to an increase in advertising. 

General and administrative expenses for the first quarter of 2026 increased by 6.4% to NIS 8.0 million (US$ 2.5 million), or 5.1% of revenues, from NIS 7.6 million (US$ 2.4 million), or 5.2% of revenues, recorded in the first quarter of 2025. The increase was primarily driven by higher payroll expenses.

Operating profit for the first quarter of 2026 was NIS 20.0 million (US$ 6.3 million), or 12.8% of revenues, remaining at the same level as in the first quarter of 2025.

Financial income, net increased to NIS 5.7 million (US$ 1.8 million) recorded in the first quarter of 2026 compared to NIS 5.2 million (US$ 1.6 million) in the first quarter of 2025. Financial income, net for the first quarter of 2026 comprised mainly of income from revaluation of the Company's portfolio of securities to a fair value in an amount of NIS 2.9 million (US$ 0.9 million) and interest and dividend income from the Company's portfolio of securities in an amount of NIS 2.8 million (US$ 0.9 million).

Income before taxes in the first quarter of 2026 was NIS 25.7 million (US$ 8.1 million) compared to NIS 25.1 million (US$ 7.9 million) in the first quarter of 2025.

Net profit in the first quarter of 2026 was NIS 20.1 million (US$ 6.3 million), or NIS 1.44 (US$ 0.5) per share, compared to NIS 19.5 million (US$ 6.2 million), or NIS 1.41 (US$ 0.5) per share, recorded in the first quarter of 2025.

Willi-Food ended the first quarter of 2026 with NIS 274.1 million (US$ 86.6 million) in cash and securities. Net cash from operating activities for the first quarter of 2026 was NIS 22.4 million (US$ 7.1 million).

Willi-Food's shareholders' equity at the end of March 2026 was NIS 653.8 million (US$ 206.6 million).

NOTE A: NIS to US$ exchange rate used for convenience only
The convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on March 31, 2026, with U.S. $1.00 equal to NIS 3.165 The translation was made solely for the convenience of the reader.

NOTE B: IFRS
The Company's consolidated financial results for the three-month period ended March 31, 2026, are presented in accordance with International Financial Reporting Standards ("IFRS").

ABOUT G. WILLI-FOOD INTERNATIONAL LTD.

G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 650 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,500 customers and 3,000 selling points in Israel and around the world, including large retail and private supermarket chains, wholesalers and institutional consumers. The Company's operating divisions include Willi-Food in Israel and Euro European Dairies, a wholly owned subsidiary that designs, develops and distributes branded kosher, dairy-food products.

FORWARD LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected sales, operating results, and earnings. Forward-looking statements include statements regarding the commercial terms with customers and suppliers and timing of construction of the Company's new logistics center and its expected benefits. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: the inability to improve commercial terms with customers and suppliers: delays in the construction of the Company's new logistics center and the risk that its expected benefits will not be materialized, inability to sustain improvements and growth in the future; monetary risks including changes in marketable securities or changes in currency exchange rates- especially the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, loss of one or more of our principal clients, increase or decrease in global purchase prices of food products, increasing levels of competition in Israel and other markets in which we do business, changes in political, economic and military conditions in Israel, particularly the recent war in Israel. Economic conditions in the Company's core markets, delays and price increases due to the attacks on global shipping routes in the Red Sea, our inability to accurately predict consumption of our products and changes in consumer preferences, our inability to protect our intellectual property rights, our inability to successfully integrate our recent acquisitions, insurance coverage not sufficient enough to cover losses of product liability claims, risks associated with product liability claims and risks associated with the start of credit extension activity. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 24, 2026. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release. 

 

G. WILLI-FOOD INTERNATIONAL LTD. CONDENSED CONSOLIDATED BALANCE SHEETS
	March 31,		December 31	March 31,		December 31
	2 0 2 6	2 0 2 5	2025	2 0 2 6	2 0 2 5	2025
	NIS			US dollars (*)
	(in thousands)
ASSETS
Current assets
Cash and cash equivalents	145,483	116,870	124,158	45,966	36,926	39,228
Financial assets at fair value through profit or loss	128,636	117,120	124,591	40,643	37,005	39,365
Trade receivables, Net	181,738	172,919	181,762	57,421	54,635	57,429
Other receivables and prepaid expenses	3,967	7,287	2,244	1,253	2,302	709
Inventories, Net	92,313	123,152	94,074	29,167	38,911	29,723
Current tax assets	1,823	-	1,585	576	-	501
Total current assets	553,960	537,348	528,414	175,026	169,779	166,955
Non-current assets
Property, plant and equipment	212,426	179,515	201,692	67,117	56,719	63,726
Less -Accumulated depreciation	65,009	59,679	63,468	20,540	18,856	20,053
	147,417	119,836	138,224	46,577	37,863	43,673
Right of use asset	3,914	4,838	4,562	1,237	1,529	1,441
Financial assets at fair value through profit or loss	42,084	50,332	49,067	13,297	15,903	15,503
Goodwill	36	36	36	11	11	11
Total non-current assets	193,451	175,042	191,889	61,122	55,306	60,628
	747,411	712,390	720,303	236,148	225,085	227,583
EQUITY AND LIABILITIES
Current liabilities
Current maturities of lease liabilities	2,123	1,939	2,191	671	613	692
Short-term credit from banks	4,121	-	-	1,302	-	-
Trade payables	25,364	35,047	23,291	8,014	11,073	7,359
Employees Benefits	6,974	5,904	4,861	2,204	1,865	1,536
Other payables and accrued expenses	39,594	52,916	17,438	12,510	16,719	5,510
Total current liabilities	78,176	95,806	47,781	24,701	30,270	15,097
Non-current liabilities
Lease liabilities	2,210	2,730	2,739	698	863	865
Deferred taxes	11,864	9,706	13,331	3,748	3,067	4,212
Retirement benefit obligation	1,361	1,102	1,361	430	349	430
Total non-current liabilities	15,435	13,538	17,431	4,876	4,279	5,507
Shareholders' equity
Share capital	1,492	1,491	1,492	471	471	471
Additional paid in capital	175,288	173,614	174,700	55,383	54,854	55,197
Remeasurement of the net liability in respect of defined benefit	(256)	(256)	(256)	(81)	(81)	(81)
Capital fund	247	247	247	78	78	78
Retained earnings	477,657	428,578	479,536	150,918	135,412	151,512
Treasury shares	(628)	(628)	(628)	(198)	(198)	(198)
Equity attributable to owners of the Company	653,800	603,046	655,091	206,571	190,536	206,979
	747,411	712,390	720,303	236,148	225,085	227,583
(*)     Convenience translation into U.S. dollars.

 

 

G. WILLI-FOOD INTERNATIONAL LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
	Three months ended March 31,		Three months ended March 31,
	2 0 2 6	2 0 2 5	2 0 2 6	2 0 2 5
	NIS		US dollars (*)
	In thousands (except per share and share data)
Sales	156,891	144,843	49,571	45,764
Cost of sales	107,939	100,215	34,104	31,664
Gross profit	48,952	44,628	15,467	14,100
Operating costs and expenses:
Selling expenses	20,884	17,111	6,598	5,406
General and administrative expenses	8,043	7,558	2,541	2,388
Operating profit	20,025	19,959	6,328	6,306
Financial income	6,114	5,491	1,932	1,735
Financial expense	(395)	(320)	(125)	(101)
Total financial income	5,719	5,171	1,807	1,634
Income before taxes on income	25,744	25,130	8,135	7,940
Taxes on income	(5,661)	(5,625)	(1,789)	(1,777)
Profit for the period	20,083	19,505	6,346	6,163
Earnings per share:
Basic earnings per share	1.44	1.41	0.46	0.44
Diluted earnings per share	1.44	1.39	0.46	0.44
Shares used in computation of basic EPS	13,906,412	13,877,447	13,906,412	13,877,447
Shares used in computation of diluted EPS	13,913,507	13,988,885	13,913,507	13,988,885
Actual number of shares	13,906,412	13,877,447	13,906,412	13,877,447
(*)     Convenience translation into U.S. dollars

 

 

G. WILLI-FOOD INTERNATIONAL LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
			Three months ended March 31,		Three months ended March 31,
			2 0 2 6	2 0 2 5	2 0 2 6	2 0 2 5
			NIS		US dollars (*)
			In thousands (except per share and share data)
CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations		20,083		19,505	6,346	6,163
Adjustments to reconcile net profit to net cash from continuing operating activities (Appendix A)		2,311		(19,194)	730	(6,064)
Net cash from continuing operating activities		22,394		311	7,076	99
CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(1,049)		(529)	(331)	(167)
Acquisition of property plant and equipment under construction		(9,685)		(10,769)	(3,060)	(3,403)
Proceeds from sale of marketable securities, net		6,072		5,140	1,918	1,624
Net cash used in continuing investing activities		(4,662)		(6,158)	(1,473)	(1,946)
CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(597)		(580)	(189)	(183)
Short term credit from banks		4,121		-	1,302	-
Net cash from (used in) continuing financing activities		3,524		(580)	1,113	(183)
Increase (decrease) in cash and cash equivalents		21,256		(6,427)	6,716	(2,031)
Cash and cash equivalents at the beginning of the year		124,158		122,938	39,228	38,843
Exchange gains on cash and cash equivalents		69		359	22	113
Cash and cash equivalents at the end of the year		145,483		116,870	45,966	36,925
(*)     Convenience Translation into U.S. Dollars.

 

 

G. WILLI-FOOD INTERNATIONAL LTD. APPENDIX TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
CASH FLOWS – OPERATING ACTIVITIES:
A.      Adjustments to reconcile net profit to net cash from continuing operating activities:
	Three months ended March 31,				Three months ended March 31,
	2 0 2 6		2 0 2 5		2 0 2 6		2 0 2 5
	NIS				US dollars (*)
	(in thousands)
Decrease in deferred income taxes	(1,467)		(182)		(464)		(58)
Unrealized gains on marketable securities	(3,133)		(1,561)		(990)		(493)
Depreciation and amortization	1,541		(**) 1,330		487		(**) 421
Depreciation expense on right-to-use assets	648		(**) 525		205		(**) 165
Stock based payment	588		552		186		174
Exchange gains on cash and cash equivalents	(69)		(359)		(22)		(113)
Changes in assets and liabilities:
Increase in trade receivables and other receivables	1,914		1,469		605		464
Decrease (Increase) in inventories	1,761		(24,918)		556		(7,873)
Increase in trade payables, other payables and other current liabilities	4,380		6,166		1,384		1,949
Cash generated from (used in) operations	6,163		(16,978)		1,947		(5,364)
Income tax paid	(3,852)		(2,216)		(1,217)		(700)
Net cash flows from (used in) operating activities	2,311		(19,194)		730		(6,064)
(*)     Convenience Translation into U.S. Dollars. (**)   Reclassified

This information is intended to be reviewed in conjunction with the Company's filings with the Securities and Exchange Commission.

Company Contact:
G. Willi - Food International Ltd.
Yitschak Barabi, Chief Financial Officer
(+972) 8-932-1000
itsik.b@willi-food.co.il

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SOURCE G. Willi-Food International Ltd.

FAQ

How did G. Willi-Food (NASDAQ: WILC) perform in Q1 2026?

G. Willi-Food reported higher sales, gross profit and net profit in Q1 2026 versus Q1 2025. According to the company, sales reached NIS 157.0 million, gross profit NIS 49.0 million and net profit NIS 20.1 million for the quarter.

What were G. Willi-Food's Q1 2026 revenue and earnings per share (WILC)?

G. Willi-Food posted Q1 2026 revenue of NIS 157.0 million and basic EPS of NIS 1.44. According to the company, revenue increased 8.3% year-over-year, while net profit rose 3.0% to NIS 20.1 million, supported by a higher gross margin.

How did G. Willi-Food's gross margin and expenses change in Q1 2026?

G. Willi-Food's gross margin improved slightly, while selling and administrative expenses increased. According to the company, gross margin was 31.2% of revenues, but selling expenses rose 22.0% and general and administrative expenses increased 6.4% compared with the first quarter of 2025.

What was G. Willi-Food's cash position and operating cash flow in Q1 2026?

G. Willi-Food ended Q1 2026 with a substantial cash and securities balance and positive operating cash flow. According to the company, cash and securities totaled NIS 274.1 million and net cash from operating activities was NIS 22.4 million in the quarter.

Did G. Willi-Food's operating profit grow in Q1 2026 compared to Q1 2025?

G. Willi-Food's operating profit remained at the same level year-over-year in Q1 2026. According to the company, operating profit was NIS 20.0 million, or 12.8% of revenues, matching the operating profit recorded in the first quarter of 2025.

What is the status of G. Willi-Food's new refrigerated logistics center as of Q1 2026?

G. Willi-Food anticipates its new refrigerated logistics center will start operating later than previously expected. According to the company, due to delays related to the ongoing war situation, completion and commencement of operations are currently expected during the fourth quarter of 2026.

How did currency movements affect G. Willi-Food's Q1 2026 results?

Currency appreciation supported G. Willi-Food's cost structure as an importer in Q1 2026. According to the company, the strengthening of the NIS against the U.S. dollar and the Euro contributed to improved purchase prices and helped maintain competitive pricing and higher gross profitability.