G. Willi-Food Q1 Sales Up 8.3%, Net Profit Rises 3%; Logistics Center Delayed to Q4 2026
WILC•G. Willi-Food’s Q1 2026 sales rose 8.3% year-over-year to NIS157.0M (US$49.6M), with gross profit up 9.7% to NIS49.0M (US$15.5M) and net profit climbing 3.0% to NIS20.1M (US$6.3M). The company held NIS274.1M (US$86.6M) in cash and expects its refrigerated logistics center to open in Q4 2026 after war-related delays.
1. Financial Highlights Q1 2026
In the first quarter ended March 31, 2026, G. Willi-Food recorded sales of NIS157.0M (US$49.6M), marking an 8.3% rise from Q1 2025. Gross profit increased 9.7% to NIS49.0M (US$15.5M), representing a 31.2% margin, while net profit reached NIS20.1M (US$6.3M), up 3.0% year-over-year.
2. Expense Breakdown
Selling expenses grew 22.0% to NIS20.9M (US$6.6M), or 13.3% of revenues, driven by higher advertising spend. General and administrative costs rose 6.4% to NIS8.0M (US$2.5M), equating to 5.1% of revenues, primarily due to increased payroll expenses.
3. Cash and Financial Income Position
The company ended the quarter with NIS274.1M (US$86.6M) in cash and securities, and generated NIS22.4M (US$7.1M) in net cash from operations. Net financial income climbed to NIS5.7M (US$1.8M) from securities revaluation and interest and dividends on its portfolio.
4. Refrigerated Logistics Center Update
Construction of the new refrigerated logistics center has been delayed by ongoing regional conflict, shifting the expected completion and start of operations to Q4 2026. Once operational, the facility is projected to enhance distribution efficiency and support future growth.
