Talabat net income surges 90% to $215 million in H1 2025
ABU DHABI (ALETIHAD) Talabat Holding posted strong growth in the second quarter of 2025, with gross merchandise value (GMV) rising 32% year-on-year to $2.4 billion, or 33% at constant currency. Revenue for the quarter climbed 35% to $982 million, while adjusted EBITDA increased 31% to $166 million, representing 6.8% of GMV. Net income grew 33% to $119 million, equivalent to 4.9% of GMV, with adjusted net income up 25% to $116 million.For the first half of 2025, GMV reached $4.52 billion, marking a 31% increase from the prior year, or 33% on a constant currency basis. Revenue rose 34% to $1.83 billion, adjusted EBITDA advanced 32% to $305 million, and net income surged 90% to $222 million, equivalent to 4.9% of GMV. Adjusted net income stood at $215 million, up 24% year-on-year, while adjusted free cash flow climbed 44% to $325 million.GMV is the total value of all orders placed through the platform. Revenue, on the other hand, is the amount of money the company actually earns and records in its accounts after deducting the share that goes to third-party suppliers or partners.Talabat attributed the performance to strong growth across both GCC and non-GCC markets, driven by customer acquisition, higher order frequency and expanding demand in its Food and Grocery & Retail segments. The company also revised its full-year guidance upwards, now expecting GMV growth of 27–29% and revenue growth of 29–32% on a constant currency basis.
Chief Executive Officer of Talabat, Tomaso Rodriguez, said, 'We have achieved another strong quarter of financial and operational results, fuelled by significant customer acquisition and increased order frequency. Our ongoing commitment to enhancing the consumer value proposition, expanding our Groceries and Retail vertical and fostering deeper customer loyalty is clearly yielding results. We are particularly pleased with the strong uptake of Talabat Pro, our premium subscription loyalty programme, across all markets, alongside strong growth in demand within our non-GCC markets. This growth complements the continued strength of our core GCC markets and the strong performance of our Food vertical. With this momentum, we are confident in our outlook and are pleased to raise our full-year guidance across all metrics.'
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