Latest news with #talabatHolding
Arabian Business
12-08-2025
- Business
- Arabian Business
talabat revises GMV and revenue guidance by double-digit points after strong Q2
talabat Holding, the leading on-demand online ordering and delivery platform in the MENA region, revised its guidance upwards for the remainder of the year after posting strong second-quarter and first six months numbers. For Q2 2025, Gross Merchandising Value (GMV) grew 32 per cent versus the prior year to reach US$2.44 billion. On a constant currency basis, GMV grew at a faster rate of 33 per cent. Revenue grew 35 per cent, and 36 per cent on a constant currency basis, to reach US$982 million. Adjusted EBITDA grew 31 per cent to US$166 million, or 6.8 per cent of GMV, while net income grew 33 per cent to US$119 million or 4.9 per cent of GMV. Talabat raises full-year growth forecast For H1 2025, GMV grew 31 per cent to reach US$4.52 billion, while revenue 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 net income increased 90 per cent to US$222 million (4.8 per cent of GMV). In a statement, talabat said that demand growth reflected accelerated customer acquisition and increased average order frequency. The strong results were supported by the unwind of Ramadan's impact seen in the first quarter versus the prior-year comparison period. talabat said it was confident of continued growth and has revised guidance upwards for the full year. GMV growth is now expected to be in the 27-29 per cent range on a constant currency basis (previously 17-18 per cent), revenue growth of 29-32 per cent on a constant currency basis (previously 18-20 per cent), adjusted EBITDA margin will be 6.5 per cent (previously 6.5-7.0 per cent), while net income margin will be 5.0 per cent (previously 5.0-5.5 per cent). Tomaso Rodriguez, Chief Executive Officer of talabat, commented: '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. 'The UAE, our largest market, maintained its robust growth trajectory in line with the overall pace of the Group. Kuwait, our most established market, delivered impressive growth of over 20 per cent for both the quarter and the first half of the year. Likewise, our Food vertical grew more than 20 per cent year-on-year, reinforcing its strong contribution to our overall growth. 'With this momentum, we are confident in our outlook and are pleased to raise our full-year guidance across all metrics.' On a normalised basis, adjusting for material non-recurring items to allow for a like-for-like comparison, net income grew 25 per cent to US$116 million, led by strong performances across both GCC markets (UAE, Kuwait, Qatar, Bahrain and Oman) and non-GCC markets (Egypt, Jordan and Iraq), as well as across both the Food and Grocery & Retail verticals. talabat's Adjusted Free Cash Flow reached US$190 million, up 47 per cent YoY, and equivalent to 7.8 per cent of GMV, up from US$129 million from Q1 2024.
Al Etihad
10-03-2025
- Business
- Al Etihad
talabat completes acquisition of instashop for $32 million
6 Mar 2025 19:26 REDDY (ABU DHABI)talabat Holding on Thursday announced the successful acquisition of instashop, a leading online grocery delivery agency in MENA, from its parent company Delivery Hero SE for $32 Hero, a German company, continues to hold an 80% stake in talabat after it was listed on the Dubai Financial Market through an initial public this acquisition, instashop becomes a wholly-owned subsidiary of talabat. However, Delivery Hero will continue to exercise control over instashop via sale and purchase agreement, first announced in September 2024, was fully funded through talabat's internal cash will continue to operate as an independent brand within talabat's grocery and retail vertical, a statement from talabat in June 2015 and headquartered in Dubai, instashop is a leading online marketplace that seamlessly connects users with vendors. Specialising in the grocery and retail sectors across the UAE and Egypt, instashop offers a wide range of products, including groceries, pharmacy items, beauty essentials, and other personal care Rodriguez, Chief Executive Officer of talabat, commented: 'The acquisition supports and complements our strategy to grow our grocery and retail offering. By integrating instashop's innovative platform into our operations, we aim to create a more seamless and efficient delivery experience for our customers across the UAE and Egypt.' Nikola Cabarkapa, Chief Executive Officer of instashop, commented: 'Joining forces with talabat marks an exciting new chapter for instashop. We have always been dedicated to connecting our users with their favourite local stores, and now, with talabat's support, we can amplify our impact even further.'
