STOCK TITAN

G. Willi-Food (NASDAQ: WILC) boosts margins, invests NIS 120m in logistics

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

G. Willi‑Food International Ltd. presents an updated Q2 2026 capital‑markets overview showing stronger operating performance in a weak food market. Q2 sales were NIS 160,532 thousand, essentially flat year over year while, according to StoreNext, the Israeli food market declined 1.5%.

Gross profit rose to NIS 53,509 thousand, up 21.5%, lifting gross margin to 33.3%. Operating profit increased to NIS 25,311 thousand, up 22.7%, with an operating margin of 15.8%. However, financial income fell sharply to NIS 2,007 thousand from NIS 20,010 thousand, so profit before taxes decreased to NIS 27,318 thousand and net profit to NIS 21,053 thousand, both down around one‑third versus Q2 2025.

For the first half of 2026, sales reached NIS 317,423 thousand, up 4.0%, while gross profit grew 15.5% and operating profit 11.7%, with margins of 32.3% and 14.3%. As of December 31, 2025 the company reported NIS 297 million in cash and financial assets, equity of NIS 655 million and an equity‑to‑assets ratio of 91%. Management is building a new logistics center costing about NIS 120 million, expected to open in Q4 2026 and generate estimated annual operating‑expense savings of NIS 10 million, and declared a NIS 20 million dividend on August 4, 2026 under a policy of distributing at least 40% of net profit.

Positive

  • Gross profit and margins improved strongly: Q2 2026 gross profit rose 21.5% year over year to NIS 53,509 thousand, lifting gross margin from 27.4% to 33.3% despite flat sales and a 1.5% decline in the wider food market.
  • Operating profitability expanded: Q2 2026 operating profit increased 22.7% year over year to NIS 25,311 thousand, with operating margin rising from 12.9% to 15.8%, and H1 2026 operating margin reached 14.3% versus 13.3% in H1 2025.
  • Very strong balance sheet: as of December 31, 2025 the company reported NIS 297 million in cash and financial assets, equity of NIS 655 million and an equity‑to‑assets ratio of 91%, indicating low leverage and high liquidity.
  • Ongoing shareholder returns: a dividend of NIS 20 million was declared on August 4, 2026 under a policy to distribute at least 40% of net profit, bringing total distributions since 2021 to NIS 257 million.

Negative

  • Net profit declined despite better operations: Q2 2026 net profit fell 33.9% year over year to NIS 21,053 thousand as financial income dropped to NIS 2,007 thousand from 20,010 thousand, cutting profit before taxes by 32.8%.

Filing Explained

The presentation reports the logistics center underway: about NIS 100 million paid toward its NIS 120 million cost, with opening targeted for Q4.

Form 6-K is an interim report through which a foreign private issuer furnishes material information published in its home market; here, the company furnished an updated Q2 2026 capital-market presentation.

The new logistics center is presented as still under construction, with about NIS 100 million paid toward an estimated NIS 120 million cost and an opening targeted for Q4 2026. Its stated post-establishment capacity is 19,500 pallets, compared with current capacity of 8,500 pallets.

The presentation describes the opening date and estimated annual operating-expense savings of about NIS 10 million as forward-looking; it specifically identifies construction delays and failure of the expected benefits to materialize as risks.

Q2 2026 Sales NIS 160,532 thousand Quarterly sales, flat versus Q2 2025
Q2 2026 Gross Profit NIS 53,509 thousand Up 21.5% year over year; margin 33.3%
Q2 2026 Net Profit NIS 21,053 thousand Down 33.9% versus Q2 2025
H1 2026 Sales NIS 317,423 thousand First-half 2026 revenue, up 4.0% from H1 2025
Cash and Financial Assets NIS 297 million As of December 31, 2025
Equity-to-Assets Ratio 91% Capital structure as of December 31, 2025
New Logistics Center Cost Approximately NIS 120 million Estimated investment; about NIS 100 million already paid
Declared Dividend NIS 20 million Dividend declared on August 4, 2026
Equity-to-Assets Ratio financial
"Balance Sheet Data (in millions of NIS) 11 Current Ratio 91% Equity-to-Assets Ratio"
logistics center technical
"Construction of a new refrigerated and frozen logistic center (one of the largest in Israel)"
voice-picking technical
"The Company has a voice-picking and computerized distribution system based on WMS"
WMS technical
"voice-picking and computerized distribution system based on WMS"
private label (PL) financial
"Continuing and strengthening the sale of private label (PL) products to retail chains"

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

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FAQ

How did G. Willi-Food (WILC) perform in Q2 2026?

In Q2 2026 G. Willi-Food reported sales of NIS 160,532 thousand, essentially flat year over year. Gross profit rose 21.5% to NIS 53,509 thousand and operating profit increased 22.7% to NIS 25,311 thousand, while net profit declined to NIS 21,053 thousand.

What were G. Willi-Food (WILC) results for the first half of 2026?

For H1 2026 the company generated sales of NIS 317,423 thousand, up 4.0% from H1 2025. Gross profit was NIS 102,461 thousand, up 15.5%, and operating profit reached NIS 45,336 thousand with an improved operating margin of 14.3% versus 13.3%.

What is the status and scale of G. Willi-Food (WILC)'s new logistics center?

G. Willi-Food is constructing an automated refrigerated and frozen logistics center with an estimated cost of about NIS 120 million, of which approximately NIS 100 million has already been paid. Capacity is planned to increase to 19,500 pallets with expected annual operating‑expense savings of about NIS 10 million.

How strong is G. Willi-Food (WILC)'s balance sheet?

As of December 31, 2025 the company reported NIS 297 million in cash and financial assets and equity of NIS 655 million. The equity‑to‑assets ratio was 91%, indicating a very high proportion of assets financed by equity rather than debt.

What dividend did G. Willi-Food (WILC) declare in August 2026?

On August 4, 2026 G. Willi-Food declared a dividend of NIS 20 million. The company’s policy is to distribute at least 40% of net profit, and since 2021 cumulative dividends paid to shareholders total NIS 257 million.

How did the broader food market compare to G. Willi-Food (WILC)'s Q2 2026 sales?

According to StoreNext data, the Israeli food market declined by 1.5% in Q2 2026 versus Q2 2025. G. Willi-Food’s Q2 2026 sales remained essentially flat at NIS 160,532 thousand, indicating outperformance relative to the overall market trend.

How have G. Willi-Food (WILC)'s full-year results trended recently?

For 2025 the company recorded sales of NIS 610,605 thousand, up 6.0% from 2024, and net profit of NIS 90,431 thousand, up 28.6%. These figures continue multi‑year growth from 2021 through 2024 in both revenue and profitability.


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 August 2026
 
G. Willi-Food International Ltd.
(Translation of registrant’s name into English)
  
4 Nahal Harif St., Yavne, Israel 81106
 (Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ☒     Form 40-F ☐ 
 


INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

G. Willi-Food International Ltd. (the “Company”) has made available an updated presentation about its business (the “Presentation”), a copy of which is furnished herewith as Exhibit 99.1 to this Report on Form 6-K.

The data in the Presentation is not an admission as to the materiality of any information therein. The information contained in the Presentation is summary information that should be considered in the context of the Company’s filings with the Securities and Exchange Commission and other public announcements the Company may make by press release or otherwise from time to time.




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. 
   
 
G. Willi-Food International Ltd.

 
By: /s/ Yitschak Barabi
 
Name: Yitschak Barabi
 
Title: Chief Financial Officer

Date: August 5, 2026
 
 





Exhibit 99.1

 1  G.Willi-Food International Ltd.  Innovation, Quality and Growth  Capital Market Presentation  Q2.2026 
 

 | Capital Market Presentation | Q2.2026      P. 2  Disclaimer and Forward-Looking Information  This presentation is for informational purposes only and does not constitute an offer or an invitation to allot or to purchase the Company's securities or to accept such offers, nor does it constitute advice, recommendations or express an opinion on the feasibility of investing in the Company's securities. The information provided herein does not supersede any independent review of an investor in accordance with her/his circumstances and discretion.  The data and information presented in this presentation are for summary purposes only and do not replace the need to review the company’s full public reports, including its periodic and quarterly financial statements. This presentation may contain data or information presented differently from the way it appears in the reports published by the company to the public. In the event of any inconsistency between the summarized and general information in this presentation and the detailed information in the company’s reports, the information in the company’s reports shall prevail.  This presentation includes forward looking information (as defined in the Securities Law, 1968 and within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) that involve substantial risks and uncertainties and which includes, among other things, forecasts, assessments, estimates and other information relating to future events and or matters, the realization of which is uncertain (as well as how they materialize) and is not under the control of the Company. All statements contained in this presentation other than statements of historical facts are forward looking information and includes, inter alia, forecasts, targets, estimates, estimates and other information, based (inter alia and as appropriate) on the Company's management estimates (as of the date of publication of this presentation) and statistical and public data and publications by external bodies and whose contents have not been checked by the Company and for which the Company is not responsible for their correctness.  Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. The future events and trends may not occur and actual results, in whole or in part, may be realized differently than expected (and even substantially different) as a result of, among other things, the realization of the risk factors that characterize the company and its activities and as a result of other external developments beyond the Company's control, including delays in the construction of the Company’s new logistics center and the risk that its expected benefits will not materialize and inability to sustain improvements and growth in the future. The Company has no certainty that its expectations and assessments will indeed be realized, and the results of the Company's operations may differ materially from the results estimated or implied by the foregoing, among others due to a change in any of the above-mentioned factors. More information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 17, 2025.   The Company does not undertake to update the information set forth in this presentation to reflect events and/or developments that will occur after its publication. 
 

 About the Company  Dual-listed company (NASDAQ + TASE) Specializing in import, export, marketing, and distribution of food products.  1994   Company Founding  30+  Years of Experience  600+  Variety of Products  3,500+   Customers  300  Employees and Contractors  125  Suppliers  | Capital Market Presentation | Q2.2026      P. 3 
 

 Organizational Structure  64.9%   Willi-Food Investements Ltd.  (Public, Traded on TASE)  58.9%   G.Willi-Food International Ltd.  (Public, Dual-listed On NASDAQ and TASE)  1.25%  Menora  11.8%   Zwi & Joseph Williger  Meitav  14.6%    Q2.2026| Capital Market Presentation |  P. 4 
 

  Q2.2026| Capital Market Presentation |  P. 5   Senior  Management  Zwi Williger Chairman of the Board  Joseph Williger CEO  Founders – 31 years with the company Second generation of a family of food importers and entrepreneurs.Successfully leading the company together for decades.  Kfir Kolp Chief Operating Officer  Joined the company in 2023, holds a Master's degree in Logistics, responsible for managing day-to-day operations, process optimization, project management, and driving operational innovation  Yitzhak Barbi CPA, Chief Financial Officer  11 years with the Company, holds a degree in Accounting and Economics, responsible for managing the finance department, including relations with the capital market, reporting to regulators and investors and the Company’s strategic financial planning  Ran Asulin VP Trade and Sales  15 years with the company, holds a degree in Business Administration, responsible for developing the sales strategy, increasing market share, and managing business partnerships. 
 

 Q2.2026 | Capital Market Presentation |   P. 6  A variety of the company's leading product categories  Pastas and Rice  Edible Oils  Pickles  Snacks  Canned Fish  Canned Fruits  Canned Vegetables  Frozen Fruits   and Vegetables  Frozen Dough  Frozen Pizzas  Sauces  Baked Goods  Dairy and   Dairy Substitutes  Cereals 
 

  Q2.2026| Capital Market Presentation |   P. 7  Company’s Brands  International Brands of the Company 
 

 P. 8  Q2.2026 | Capital Market Presentation |   Strategic Advantages in a Competitive Market  Finance  Significant Cash Reserves  Strong Credit and Access to Capital Market  Logistics  Self owned dry and refrigerated logistic center under advanced expansion and development processes  Independent Distribution   Network For Dried, Refrigerated and Frozen Products  Supply Sources & Customer Network  A global supplier network and long-term relationships enabling attractive trade terms  Wide Coverage   and Customer   Accessibility  Advanced Facility for Dairy Product Packaging, Slicing and Grating 
 

 P. 9  Q2.2026 Highlights  01  Strong sales performance despite the timing of Passover, a slowdown in the food market and fewer working days.  02  Significant improvement on Gross Profit.  03  Double-digit growth in Operating Profit.  04  Progress in the establishment of the new logistics center, towards an expected opening in Q4.2026.  Q2.2026 | Capital Market Presentation |  
 

 P. 10  P&L– Quarterly Growth Trend  Key Profit and Loss Data (in NIS thousands)  Change   Q1 2026 – Q2 2026  Q1 2026  Q2 2026  2.3%  156,891  160,532  Sales  9.3%  48,952  53,509  Gross Profit  6.7%  31.2%  33.3%  Gross Profit Percentage  26.4%  20,025  25,311  Operating Profit  23.4%  12.8%  15.8%  Operating Profit Percentage  (64.9%)  5,719  2,007  Financial Income  6.1%  25,744  27,318  Profit Before Taxes  4.8%  20,083  21,053  Net Profit  Change   Q2 2025 – Q2 2026  Q2 2025  Q2 2026  0.0%  160,477  160,532  Sales  21.5%  44,049  53,509  Gross Profit  21.5%  27.4%  33.3%  Gross Profit Percentage  22.7%  20,628  25,311  Operating Profit  22.5%  12.9%  15.8%  Operating Profit Percentage  (90.0%)  20,010  2,007  Financial Income  (32.8%)  40,638  27,318  Profit Before Taxes  (33.9%)  31,874  21,053  Net Profit  *According to StoreNext data, the food market declined by 1.5% in Q2 2026 compared to the same period last year  Q2.2026 | Capital Market Presentation |  
 

 P. 11  P&L– Growth Trend in the First Half  Key Profit and Loss Data (in NIS thousands)  Change   H1 2025 – H1 2026  H1 2026  H1 2025  H1 2024  H1 2023  4.0%  317,423   305,320   282,694   280,600   Sales  15.5%  102,461   88,677   80,575   66,092   Gross Profit  11.1%  32.3%  29.0%  28.5%  23.6%  Gross Profit Percentage  11.7%  45,336   40,587   21,270   13,996   Operating Profit  7.4%  14.3%  13.3%  7.5%  5.0%  Operating Profit Percentage  Q2.2026 | Capital Market Presentation |  
 

 P. 12  First Half – Growth Trend  Q2.2026 | Capital Market Presentation |  
 

 Q2.2026 | Capital Market Presentation |   P. 13  P&L– Growth Trend  Key Profit and Loss Data (in thousands of NIS)  Change   2024-2025  2025  2024  2023  2022  2021  6.0%  610,605  575,795    543,262    498,325   454,213   Sales  8.4%  174,824    161,334    120,569    143,097   138,293   Gross Profit  33.0%  74,336   55,874  20,350    45,096   49,355   Operational Profit  25.8%  116,587   92,682   39,192    53,974   57,820   Profit Before Taxes  28.6%  90,431   70,315   31,656   41,564   45,101   Net Profit 
 

 Q2.2026 | Capital Market Presentation |   P. 14  Balance Sheet Data (in millions of NIS)  11  Current Ratio  91%  Equity-to-Assets Ratio  720  Total Balance Sheet  297  Cash and Financial  Assets at Fair Value  655  Equity  *As for December 31, 2025 
 

 Q2.2026 | Capital Market Presentation |   P. 15  Existing Logistics Network  The Company headquarters is located in the Yavne Industrial Zone  The Company owns an advanced logistics center with a total built-up area of 8,600 square meters, situated on approximately 4.7 acre, serving as a storage and distribution center for dry, chilled and frozen products. Recorded at a historical value of only $27M.  The Company has a voice-picking and computerized distribution system based on WMS  The Company has an independent fleet of trucks for distributing chilled and dry products throughout the country 
 

 16  NEW LOGISTICS CENTER 
 

 Q2.2026 | Capital Market Presentation |   P. 17  Construction of a new refrigerated and frozen logistic center (one of the largest in Israel)  Current Status  6,500 Pallets of Dry Products  1,000 Pallets of Chilled Products  1,000 Pallets of Frozen Products  Total of 8,500 Pallets  After the establishment of the warehouse (estimated Q4 2026)  8,500 Pallets of Dry Products  5,500 Pallets of Chilled Products  5,500 Pallets of Frozen Products  Total of 19,500 Pallets  The new logistic center is automated and advanced, with an estimated cost of approximately NIS 120 million, of which approximately NIS 100 million has already been paid.  Significant improvement and support in the expansion and establishment of a comprehensive logistics infrastructure (receiving, storage, handling, distribution and more).  An estimated savings in operating expenses of approximately NIS 10 million per year.  Support for the Company’s expansion plans, including entry into new categories, particularly chilled and frozen products. 
 

 Q2.2026 | Capital Market Presentation |   P. 18  Strategy for the Coming Years  The strategic plan to increase the Company’s sales turnover and profitability includes:  Expansion of the production array including grating, slicing and packaging of dairy products with the entry of the new factory  Expanding the export network and developing kosher food products for the U.S. and European markets  Strengthening existing brands — EURO, WILLIFOOD, and international brands  Continuing and strengthening the sale of private label (PL) products to retail chains in Israel  Increasing sales in existing categories and entering new categories in the food sector  Improvement of the dry and refrigerated logistics array with the entry of the new logistic center int o operation 
 

 Q2.2026 | Capital Market Presentation |   P. 19  Dividend Distribution Policy  Distribution of at least 40% of net profit  On August 4, 2026, the company declared a dividend of NIS 20 million   Since 2021, the company has distributed NIS 257 million to its shareholders 
 

 G.Willi-Food International Ltd.  Thank You 
 


Filing Exhibits & Attachments

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