Monitor the upcoming Q3 release for revenue growth inflection and further margin trends; the new refrigerated logistics center expected operational in Q4 2026 could be a catalyst. The weak net profit due to non-recurring financial items is less concerning, but flat top line limits upside without a volume catalyst.
Price Chart
Executive Summary
G. Willi-Food International reported flat Q2 2026 revenue but strong operational improvement, with gross profit up 21.5% and operating profit up 22.7% year-over-year. Net profit declined 33.9% due to significantly lower gains from marketable securities (NIS 2.0M vs NIS 20.0M in Q2 2025). The company maintains a strong balance sheet with NIS 257.6M in cash and securities.
Key Financial Metrics
Key Facts
- Q2 2026 sales flat at NIS 160.5M ($53.7M) year-over-year
- Gross profit increased 21.5% to NIS 53.5M ($18.0M), margin expanded to 33.3% from 27.4%
- Operating profit increased 22.7% to NIS 25.3M ($8.5M), margin 15.8% vs 12.9%
- Net profit decreased 33.9% to NIS 21.1M ($7.1M) due to lower gains from marketable securities
- Basic EPS of NIS 1.5 ($0.5) vs NIS 2.3 ($0.7) in Q2 2025
- Cash and securities balance of NIS 257.6M ($86.5M) at June 30, 2026
Financial Impact
Operational profitability improved meaningfully but net profit declined sharply due to non-operating financial income normalization. The company's strong operational cash generation and balance sheet are positive, but flat revenue and lower net profit temper the outlook.
Risk Factors
- Revenue remains flat despite gross margin expansion—sustained growth is needed for re-rating
- Currency fluctuations (NIS/USD/EUR) and geopolitical conditions in Israel add uncertainty
- Construction delays or lower-than-expected benefits from new logistics center could disappoint
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302842421 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 11w ago | 6-K | $30.20 | awaiting T+20 | — | — |
Aug 4, 2026 12w ago | Press Release | $29.61 | awaiting T+20 | — | — |
Aug 4, 2026 12w ago | 6-K | $29.61 | awaiting T+20 | — | — |
Aug 4, 2026 12w ago | 6-K | $29.61 | awaiting T+20 | — | — |
May 26, 2026 22w ago | 6-K | $36.02 $31.64 | ▼ −12.16% | ▼ −10.21% | — |
US Market Status
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