Jumia Technologies reports Q1 revenue $36.3M vs. $48.9M last year

Reports Q1 adjusted EBITDA ($15.7M) vs.($4.3M) last year. Orders grew 21% year-over-year, the highest growth rate in the past two years. Quarterly Active Customers ordering physical goods grew by 15% year-over-year. Excluding corporate sales, GMV in reported currency grew 10% year-over-year, reflecting the underlying strength of our consumer-focused platform. GMV declined 8% year-over-year, primarily driven by a sharp drop in corporate sales in Egypt and the continued impact of currency devaluations. Please note that corporate sales are inherently more volatile than revenue from consumer business, particularly given the macro-economic environment in Egypt. “Driven by strong underlying growth in our core consumer business and decisive actions to improve efficiency, we are updating our financial outlook: Raised Full-Year 2025 Guidance: Loss before income tax now expected to be $50-55 million. 2026 Projection: Loss before income tax anticipated at $25-$30 million. Profitability Timeline: We believe to be on track for the fourth quarter of 2026, targeting full-year profitability on a Loss before income tax basis in 2027. These updates reflect positive momentum and our commitment to achieving profitability,” said CEO, Francis Dufay