#Israel #financial results #Willi-Food #kosher food #Yavne

G. Willi-Food International Reports Significant Operational Gains in Second Quarter 2026

G. Willi-Food International Ltd., an established leader in developing and marketing kosher food products, has unveiled its unaudited financial outcomes for the second quarter of 2026. Despite a challenging environment, the company has shown remarkable resilience, with key profit parameters demonstrating significant improvements over the past year.

Financial Highlights

For the second quarter ending June 30, 2026, G. Willi-Food reported sales of NIS 160.5 million (approximately US$ 53.7 million), which remarkably remained consistent with the same quarter from the previous year. However, there were noteworthy increases in gross and operating profits, indicating a solid operational performance.

The gross profit surged by 21.5% year-over-year, reaching NIS 53.5 million (around US$ 18 million), thereby enhancing the gross profit margin to 33.3% of revenues from 27.4% a year ago. The operating profit also reflected a robust increase of 22.7%, amounting to NIS 25.3 million (about US$ 8.5 million) compared to Q2 2025.

On another note, net profits saw a decrease of 33.9%, settling at NIS 21.1 million (about US$ 7.1 million). Despite this decline, the basic earnings per share stood at NIS 1.5 (approximately US$ 0.5).

G. Willi-Food ended the second quarter with a cash and securities balance of NIS 257.6 million (approximately US$ 86.5 million), underlining its solid financial foundation.

Management Insights

The company's leadership, including Chairman Zwi Williger and CEO Joseph Williger, expressed satisfaction with the operational profitability improvements. They attributed this growth to successful execution of their strategic plans and an emphasis on a more lucrative product portfolio. Furthermore, the appreciating value of the NIS against the U.S. Dollar and Euro positively affected their cost structure and profit margins during this period.

In regards to future developments, the managers reported steady progress on their new refrigerated logistics center, expected to be operational by Q4 of 2026. This facility is anticipated to bolster the company's logistics capabilities, minimize operating costs, and boost overall operational flexibility, facilitating diversification into new product categories.

Year-to-Date Outlook

Examining the first half of the fiscal year 2026, G. Willi-Food recorded sales growth of 4.0%, totaling NIS 317.4 million (around US$ 106.6 million). The gross profit also rose to NIS 102.5 million (approximately US$ 34.4 million), showcasing a 15.5% increase compared to the same period in 2025. However, the net profit for the first six months fell by 20%, reflecting the ongoing challenges in their operational environment.

In conclusion, G. Willi-Food International's proactive strategic adjustments, solid financial management, and focus on logistic improvements are laying a strong foundation for future growth, despite current market adversities. This results-driven approach positions the company favorably for upcoming opportunities and challenges alike.