The net profits of Talabat surged by 90% in the first half of the current year, reaching 814.7 million dirhams, compared to 429.4 million dirhams in the same period last year.
Revenue increased by 34%, totaling 6.7 billion dirhams during the first half.
The net profit in the second quarter was reported at 119 million dollars (436.7 million dirhams), marking a 33% rise compared to the same quarter last year, while the adjusted net profit stood at 116 million dollars (425.7 million dirhams), up 25%.
The gross merchandise value (GMV) for the second quarter of 2025 reached 2.4 billion dollars, reflecting a 32% growth year-over-year. On a constant currency basis, the total value of goods sold increased at an even higher rate of 33%.
Furthermore, the company’s revenue during this period climbed by 35%, amounting to 982 million dollars, with an increase of 36% when adjusted for constant currency.
The robust performance of Talabat can be attributed to significant revenue growth across all markets it operates in, which include the Gulf Cooperation Council countries (UAE, Kuwait, Qatar, Bahrain, and Oman) as well as markets outside the Gulf, such as Egypt, Jordan, and Iraq. The growth spanned both the “food” and “grocery and retail” sectors.
The increase in demand reflects a heightened consumer attraction and a rise in the average frequency of orders.
These strong results were also influenced by the diminishing effects of Ramadan when compared to the same period last year.
Looking ahead, the company is optimistic about continued growth and has revised its full-year guidance upwards.
The projected growth for gross merchandise value (GMV) is now expected to be between 27-29% on a constant currency basis (previously estimated at 17-18%), with revenue growth anticipated at 29-32% on a constant currency basis. The adjusted net income margin before interest, taxes, depreciation, and amortization is expected to be 6.5%, with a net income margin of 5.0% and an adjusted free cash flow margin of 6.0%.
According to Tomaso Rodriguez, the CEO of Talabat: “We have reported another strong financial quarter, achieving excellent financial results that reflect our effective strategy and efficient execution driven by significant customer acquisition and increased order volume.
We are particularly pleased with the strong adoption of the Talabat Pro service, our premium subscription loyalty program across all markets, alongside robust growth in demand outside the Gulf markets.”