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6-K 1 zk2635406.htm 6-K

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 May 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

On May 26, 2026, G. Willi-Food International Ltd. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. A copy of the press release is filed herewith as Exhibit 99.1.

This Report on Form 6-K is hereby incorporated by reference into the Company's Registration Statements on Form S-8 (File Nos. 333-289474 and 333-266312).

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: May 26, 2026

EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1

FOR IMMEDIATE RELEASE

G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF FIRST QUARTER 2026

GROSS PROFIT INCREASED BY 9.7% OVER COMPARABLE PERIOD IN 2025

YAVNE, Israel – May 26, 2026 - G. Willi-Food International Ltd. (NASDAQ: WILC) (the “Company” or “Willi-Food”), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2026.

First Quarter Fiscal Year 2026

Sales increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) in the first quarter of 2025.

Gross profit increased by 9.7% year-over-year to NIS 49.0 million (US$ 15.5 million).

Operating profit for the first quarter of 2026 is NIS 20.0 million (US$ 6.3 million).

Net profit increased by 3.0% year-over-year to NIS 20.1 million (US$ 6.3 million).

Basic earnings per share of NIS 1.44 (US$ 0.5).

Cash and cash equivalents balance of NIS 274.1 million (US$ 86.6 million) as of March 31, 2026.

Management Comment

Zwi Williger Chairman and Joseph Williger CEO, commented: “We are pleased to begin 2026 with a strong first quarter, reflecting continued growth in both sales and profitability, driven by the consistent execution of our strategic plan.

During the quarter, we remained focused on a more profitable product mix, while ensuring high product availability to support growing demand and further strengthen our relationships with customers and suppliers. In addition, the appreciation of the NIS against the U.S. dollar and the Euro supported our cost structure as an importer, enabling us to offer competitive pricing and deliver strong value to consumers.

We continue to advance the construction of our new refrigerated logistics center. However, due to delays resulting from the ongoing war situation, the expected completion and commencement of operations of the facility is currently anticipated during the fourth quarter of 2026. We believe the new logistics center will support the Company’s future growth and improve its operational efficiency.

Looking ahead, we remain optimistic and confident in our ability to continue generating sustainable growth and long-term value for our shareholders.

First Quarter Fiscal 2026 Summary

Sales for the first quarter of 2026 increased by 8.3% to NIS 157.0 million (US$ 49.6 million) from NIS 144.8 million (US$ 45.8 million) recorded in the first quarter of 2025. The increase in sales was attributed to improved product availability for customers and growing demand for the company's products.

Gross profit for the first quarter of 2026 increased by 9.7% to NIS 49.0 million (US$ 15.5 million), or 31.2% of revenues, from NIS 44.6 million (US$ 14.1 million), or 30.8% of revenues recorded in the first quarter of 2025. The increase in gross profit and gross profit margin was primarily attributable to the increase in sales, improved purchase prices of the Company’s products, resulting in part from the strengthening of the NIS against the U.S. dollar and the Euro, and the Company’s focus on selling a more profitable product portfolio.

Selling expenses for the first quarter of 2026 increased by 22.0% to NIS 20.9 million (US$ 6.6 million), or 13.3% of revenues, compared to NIS 17.1 million (US$ 5.4 million), or 11.8% of revenues, recorded in the first quarter of 2025. The increase was mainly due to an increase in advertising.

General and administrative expenses for the first quarter of 2026 increased by 6.4% to NIS 8.0 million (US$ 2.5 million), or 5.1% of revenues, from NIS 7.6 million (US$ 2.4 million), or 5.2% of revenues, recorded in the first quarter of 2025. The increase was primarily driven by higher payroll expenses.

Operating profit for the first quarter of 2026 was NIS 20.0 million (US$ 6.3 million), or 12.8% of revenues, remaining at the same level as in the first quarter of 2025.

Financial income, net increased to NIS 5.7 million (US$ 1.8 million) recorded in the first quarter of 2026 compared to NIS 5.2 million (US$ 1.6 million) in the first quarter of 2025. Financial income, net for the first quarter of 2026 comprised mainly of income from revaluation of the Company’s portfolio of securities to a fair value in an amount of NIS 2.9 million (US$ 0.9 million) and interest and dividend income from the Company’s portfolio of securities in an amount of NIS 2.8 million (US$ 0.9 million).

Income before taxes in the first quarter of 2026 was NIS 25.7 million (US$ 8.1 million) compared to NIS 25.1 million (US$ 7.9 million) in the first quarter of 2025.

Net profit in the first quarter of 2026 was NIS 20.1 million (US$ 6.3 million), or NIS 1.44 (US$ 0.5) per share, compared to NIS 19.5 million (US$ 6.2 million), or NIS 1.41 (US$ 0.5) per share, recorded in the first quarter of 2025.

Willi-Food ended the first quarter of 2026 with NIS 274.1 million (US$ 86.6 million) in cash and securities. Net cash from operating activities for the first quarter of 2026 was NIS 22.4 million (US$ 7.1 million).

Willi-Food’s shareholders’ equity at the end of March 2026 was NIS 653.8 million (US$ 206.6 million).

NOTE A: NIS to US$ exchange rate used for convenience only

The convenience translation of New Israeli Shekels (NIS) into U.S. dollars was made at the rate of exchange prevailing on March 31, 2026, with U.S. $1.00 equal to NIS 3.165 The translation was made solely for the convenience of the reader.

NOTE B: IFRS

The Company’s consolidated financial results for the three-month period ended March 31, 2026, are presented in accordance with International Financial Reporting Standards (“IFRS”).

ABOUT G. WILLI-FOOD INTERNATIONAL LTD.

G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 650 food products worldwide. As one of Israel’s leading food importers, Willi-Food markets and sells its food products to over 1,500 customers and 3,000 selling points in Israel and around the world, including large retail and private supermarket chains, wholesalers and institutional consumers. The Company’s operating divisions include Willi-Food in Israel and Euro European Dairies, a wholly owned subsidiary that designs, develops and distributes branded kosher, dairy-food products.

FORWARD LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected sales, operating results, and earnings. Forward-looking statements include statements regarding the commercial terms with customers and suppliers and timing of construction of the Company’s new logistics center and its expected benefits. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: the inability to improve commercial terms with customers and suppliers: delays in the construction of the Company’s new logistics center and the risk that its expected benefits will not be materialized, inability to sustain improvements and growth in the future; monetary risks including changes in marketable securities or changes in currency exchange rates- especially the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, loss of one or more of our principal clients, increase or decrease in global purchase prices of food products, increasing levels of competition in Israel and other markets in which we do business, changes in political, economic and military conditions in Israel, particularly the recent war in Israel. Economic conditions in the Company's core markets, delays and price increases due to the attacks on global shipping routes in the Red Sea, our inability to accurately predict consumption of our products and changes in consumer preferences, our inability to protect our intellectual property rights, our inability to successfully integrate our recent acquisitions, insurance coverage not sufficient enough to cover losses of product liability claims, risks associated with product liability claims and risks associated with the start of credit extension activity. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 24, 2026. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release.

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31,						December 31			March 31,						December 31
	2 0 2 6			2 0 2 5			2025			2 0 2 6			2 0 2 5			2025
	NIS									US dollars (*)
	(in thousands)
ASSETS

Current assets
Cash and cash equivalents		145,483			116,870			124,158			45,966			36,926			39,228
Financial assets at fair value through profit or loss		128,636			117,120			124,591			40,643			37,005			39,365
Trade receivables, Net		181,738			172,919			181,762			57,421			54,635			57,429
Other receivables and prepaid expenses		3,967			7,287			2,244			1,253			2,302			709
Inventories, Net		92,313			123,152			94,074			29,167			38,911			29,723
Current tax assets		1,823			-			1,585			576			-			501
Total current assets		553,960			537,348			528,414			175,026			169,779			166,955

Non-current assets
Property, plant and equipment		212,426			179,515			201,692			67,117			56,719			63,726
Less -Accumulated depreciation		65,009			59,679			63,468			20,540			18,856			20,053
		147,417			119,836			138,224			46,577			37,863			43,673

Right of use asset		3,914			4,838			4,562			1,237			1,529			1,441
Financial assets at fair value through profit or loss		42,084			50,332			49,067			13,297			15,903			15,503
Goodwill		36			36			36			11			11			11
Total non-current assets		193,451			175,042			191,889			61,122			55,306			60,628

		747,411			712,390			720,303			236,148			225,085			227,583
EQUITY AND LIABILITIES

Current liabilities
Current maturities of lease liabilities		2,123			1,939			2,191			671			613			692
Short-term credit from banks		4,121			-			-			1,302			-			-
Trade payables		25,364			35,047			23,291			8,014			11,073			7,359
Employees Benefits		6,974			5,904			4,861			2,204			1,865			1,536
Other payables and accrued expenses		39,594			52,916			17,438			12,510			16,719			5,510
Total current liabilities		78,176			95,806			47,781			24,701			30,270			15,097

Non-current liabilities
Lease liabilities		2,210			2,730			2,739			698			863			865
Deferred taxes		11,864			9,706			13,331			3,748			3,067			4,212
Retirement benefit obligation		1,361			1,102			1,361			430			349			430
Total non-current liabilities		15,435			13,538			17,431			4,876			4,279			5,507

Shareholders' equity
Share capital		1,492			1,491			1,492			471			471			471
Additional paid in capital		175,288			173,614			174,700			55,383			54,854			55,197
Remeasurement of the net liability in respect of defined benefit		(256	)		(256	)		(256	)		(81	)		(81	)		(81	)
Capital fund		247			247			247			78			78			78
Retained earnings		477,657			428,578			479,536			150,918			135,412			151,512
Treasury shares		(628	)		(628	)		(628	)		(198	)		(198	)		(198	)
Equity attributable to owners of the Company		653,800			603,046			655,091			206,571			190,536			206,979

		747,411			712,390			720,303			236,148			225,085			227,583

(*) Convenience translation into U.S. dollars.

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three months						Three months
	ended						ended
	March 31,						March 31,
	2 0 2 6			2 0 2 5			2 0 2 6			2 0 2 5
	NIS						US dollars (*)
	In thousands (except per share and share data)

Sales		156,891			144,843			49,571			45,764
Cost of sales		107,939			100,215			34,104			31,664

Gross profit		48,952			44,628			15,467			14,100

Operating costs and expenses:
Selling expenses		20,884			17,111			6,598			5,406
General and administrative expenses		8,043			7,558			2,541			2,388

Operating profit		20,025			19,959			6,328			6,306

Financial income		6,114			5,491			1,932			1,735
Financial expense		(395	)		(320	)		(125	)		(101	)

Total financial income		5,719			5,171			1,807			1,634

Income before taxes on income		25,744			25,130			8,135			7,940

Taxes on income		(5,661	)		(5,625	)		(1,789	)		(1,777	)

Profit for the period		20,083			19,505			6,346			6,163

Earnings per share:
Basic earnings per share		1.44			1.41			0.46			0.44
Diluted earnings per share		1.44			1.39			0.46			0.44

Shares used in computation of basic EPS		13,906,412			13,877,447			13,906,412			13,877,447
Shares used in computation of diluted EPS		13,913,507			13,988,885			13,913,507			13,988,885
Actual number of shares		13,906,412			13,877,447			13,906,412			13,877,447

(*) Convenience translation into U.S. dollars.

G. WILLI-FOOD INTERNATIONAL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three months ended						Three months ended
	March 31,						March 31,
	2 0 2 6			2 0 2 5			2 0 2 6			2 0 2 5
	NIS						US dollars (*)
	In thousands (except per share and share data)
CASH FLOWS - OPERATING ACTIVITIES
Profit from continuing operations		20,083			19,505			6,346			6,163
Adjustments to reconcile net profit to net cash from continuing operating activities (Appendix A)		2,311			(19,194	)		730			(6,064	)
Net cash from continuing operating activities		22,394			311			7,076			99

CASH FLOWS - INVESTING ACTIVITIES
Acquisition of property plant and equipment		(1,049	)		(529	)		(331	)		(167	)
Acquisition of property plant and equipment under construction		(9,685	)		(10,769	)		(3,060	)		(3,403	)
Proceeds from sale of marketable securities, net		6,072			5,140			1,918			1,624
Net cash used in continuing investing activities		(4,662	)		(6,158	)		(1,473	)		(1,946	)

CASH FLOWS - FINANCING ACTIVITIES
Lease liability payments		(597	)		(580	)		(189	)		(183	)
Short term credit from banks		4,121			-			1,302			-
Net cash from (used in) continuing financing activities		3,524			(580	)		1,113			(183	)

Increase (decrease) in cash and cash equivalents		21,256			(6,427	)		6,716			(2,031	)
Cash and cash equivalents at the beginning of the year		124,158			122,938			39,228			38,843
Exchange gains on cash and cash equivalents		69			359			22			113
Cash and cash equivalents at the end of the year		145,483			116,870			45,966			36,925

(*) Convenience Translation into U.S. Dollars.

G. WILLI-FOOD INTERNATIONAL LTD.

APPENDIX TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

CASH FLOWS – OPERATING ACTIVITIES:

Adjustments to reconcile net profit to net cash from continuing operating activities:

	Three months						Three months
	ended						ended
	March 31,						March 31,
	2 0 2 6			2 0 2 5			2 0 2 6			2 0 2 5
	NIS						US dollars (*)
	(in thousands)
Decrease in deferred income taxes		(1,467	)		(182	)		(464	)		(58	)
Unrealized gains on marketable securities		(3,133	)		(1,561	)		(990	)		(493	)
Depreciation and amortization		1,541			(**) 1,330			487			(**) 421
Depreciation expense on right-to-use assets		648			(**) 525			205			(**) 165
Stock based payment		588			552			186			174
Exchange gains on cash and cash equivalents		(69	)		(359	)		(22	)		(113	)

Changes in assets and liabilities:
Increase in trade receivables and other receivables		1,914			1,469			605			464
Decrease (Increase) in inventories		1,761			(24,918	)		556			(7,873	)
Increase in trade payables, other payables and other current liabilities		4,380			6,166			1,384			1,949
Cash generated from (used in) operations		6,163			(16,978	)		1,947			(5,364	)
Income tax paid		(3,852	)		(2,216	)		(1,217	)		(700	)
Net cash flows from (used in) operating activities		2,311			(19,194	)		730			(6,064	)

(*) Convenience Translation into U.S. Dollars.

(**) Reclassified

This information is intended to be reviewed in conjunction with the Company’s filings with the Securities and Exchange Commission.

Company Contact:

G. Willi - Food International Ltd.

Yitschak Barabi, Chief Financial Officer

(+972) 8-932-1000

itsik.b@willi-food.co.il

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