G Willi-Food International (WILC) Q1 2026 earnings summary

Executive summary

• Sales rose 8.3% year-over-year to NIS 157.0 million (US$49.6 million), driven by improved product availability and growing demand.

• Gross profit increased 9.7% to NIS 49.0 million (US$15.5 million), with gross margin improving to 31.2%.

• Net profit grew 3.0% year-over-year to NIS 20.1 million (US$6.3 million), with basic EPS of NIS 1.44.

• Management highlighted strategic focus on profitable product mix and competitive pricing, aided by NIS appreciation.

• Construction of a new refrigerated logistics center is delayed due to the ongoing war, now expected to complete in Q4 2026.

Financial highlights

• Operating profit was NIS 20.0 million (US$6.3 million), stable year-over-year.

• Financial income, net, increased to NIS 5.7 million (US$1.8 million), mainly from securities revaluation and investment income.

• Cash and securities at quarter-end totaled NIS 274.1 million (US$86.6 million).

• Net cash from operating activities was NIS 22.4 million (US$7.1 million).

• Shareholders' equity reached NIS 653.8 million (US$206.6 million) as of March 31, 2026.

Outlook and guidance

• Management remains optimistic about sustainable growth and long-term value creation.

• The new logistics center is expected to enhance operational efficiency and support future growth upon completion.