Talabat GMV for Q1 surges 30% despite the impact of Ramadan
- Gulf
- May 12, 2025
Talabat Holding, the Platform of Orders and online delivery online, reported solid numbers of the first quarter by 2025, despite the period, including the full month of Ramadan, which has seen traditional sales of food and lower drinks.
The gross marketing value (GMV) grew by 30 percent during the period compared to the first quarter of 2024 to reach US $ 2.1 billion. In a constant mountain basic, the GMV growth rate was 33 percent.
Income grew by 34 percent to reach $ 846 million (38 percent more in a constant currency base), while net income grew almost four times to US $ 103 million, or 4.9 percent or GMV. Adjusting elements of non -recurring material to allow comparative and comparative income of similar to grew 24 percent to US $ 99 million, or 4.8 percent or GMV.
Ebitda Grw adjusted 34 percent to US $ 140 million, or 6.7 percent or GMV.
Geographies, as well as verticals contributed to Talabat’s profits. The growth of the upper line and the expansion of the margin increased in both CCG markets (Eau, Kuwait, Qatar, Bahrain and Oman) and the markets Non CCC (Egypt, Jordan and Iraq). Both food verticals and groceries and retailers (G&R) also achieved impressive growth.
The GMV geographical mixture remained at 84 percent of GCC and 16 percent non -GCC, as well as the previous year.
The company said the results were backed by a greater resistance to the impact of Ramadan, thanks in part to a vertical G&R expansion, which benefits from the duration of consumer behavior trends in this period. He also admitted that “the results reflected the impacts of the previous year related to the geopolitical developments in progress in the region”, which weighed in performance has Q1 2024.
Tomaso Rodríguez, executive director of Talabat, commented: “We have had a strong beginning of the year, offering excellent financial results that reflect the effectiveness of our strategy and execution.
“Our continuous approach in improving the consumer value proposal, expanding in multiple verticals and deepening customer loyalty, is promoting sustained growth. In particular, our grocery and vertical retail contributed some more complete GMV or GMV.
“We also saw our most successful launch so far or Talabat Pro, our premium subscription loyalty program, in Egypt, which marks an important milestone and strengthens our offer in one of our fastest growing markets.
“We were equally happy to welcome the Instashop team in our operations in the first quarter. As a leading electronic market in the delivery of groceries in Mena, Instashop is a solid strategic option for Talabat and is closely aligned with the expansion and intense system. We hope to realize the synergies of significant costs as the integration progresses over the next quarter.”
