talabat Holding, the main on-demand on-line ordering and supply platform within the MENA area, revised its steering upwards for the rest of the yr after posting sturdy second-quarter and first six months numbers.
For Q2 2025, Gross Merchandising Worth (GMV) grew 32 per cent versus the prior yr to achieve US$2.44 billion. On a relentless foreign money foundation, GMV grew at a quicker price of 33 per cent. Income grew 35 per cent, and 36 per cent on a relentless foreign money foundation, to achieve US$982 million. Adjusted EBITDA grew 31 per cent to US$166 million, or 6.8 per cent of GMV, whereas internet revenue grew 33 per cent to US$119 million or 4.9 per cent of GMV.
Talabat raises full-year progress forecast
For H1 2025, GMV grew 31 per cent to achieve US$4.52 billion, whereas income grew 34 per cent to US$1.83 billion. Adjusted EBITDA was up 32 per cent to US$305 million (6.8 per cent of GMV), and internet revenue elevated 90 per cent to US$222 million (4.8 per cent of GMV).
In a statement, talabat stated that demand progress mirrored accelerated buyer acquisition and elevated common order frequency. The sturdy outcomes have been supported by the unwind of Ramadan’s impression seen within the first quarter versus the prior-year comparability interval.
talabat stated it was assured of continued progress and has revised steering upwards for the complete yr.
GMV progress is now anticipated to be within the 27-29 per cent vary on a relentless foreign money foundation (beforehand 17-18 per cent), income progress of 29-32 per cent on a relentless foreign money foundation (beforehand 18-20 per cent), adjusted EBITDA margin can be 6.5 per cent (beforehand 6.5-7.0 per cent), whereas internet revenue margin can be 5.0 per cent (beforehand 5.0-5.5 per cent).
Tomaso Rodriguez, Chief Government Officer of talabat, commented: “Now we have achieved one other sturdy quarter of monetary and operational outcomes, fuelled by important buyer acquisition and elevated order frequency. Our ongoing dedication to enhancing the patron worth proposition, increasing our Groceries and Retail vertical and fostering deeper buyer loyalty is clearly yielding outcomes.
“We’re notably happy with the sturdy uptake of talabat professional, our premium subscription loyalty programme, throughout all markets, alongside sturdy progress in demand inside our non-GCC markets.
“This progress enhances the continued energy of our core GCC markets and the sturdy efficiency of our Meals vertical.
“The UAE, our largest market, maintained its sturdy progress trajectory according to the general tempo of the Group. Kuwait, our most established market, delivered spectacular progress of over 20 per cent for each the quarter and the primary half of the yr. Likewise, our Meals vertical grew greater than 20 per cent year-on-year, reinforcing its sturdy contribution to our general progress.
“With this momentum, we’re assured in our outlook and are happy to lift our full-year steering throughout all metrics.”
On a normalised foundation, adjusting for materials non-recurring gadgets to permit for a like-for-like comparability, internet revenue grew 25 per cent to US$116 million, led by sturdy performances throughout each GCC markets (UAE, Kuwait, Qatar, Bahrain and Oman) and non-GCC markets (Egypt, Jordan and Iraq), in addition to throughout each the Meals and Grocery & Retail verticals.
talabat’s Adjusted Free Money Move reached US$190 million, up 47 per cent YoY, and equal to 7.8 per cent of GMV, up from US$129 million from Q1 2024.