Jumia Technologies (JMIA) Q2 2025 earnings summary

Executive summary

• Revenue grew 25% year-over-year to $45.6 million, with strong growth in physical goods orders up 18% and active customers up 13%, reflecting robust consumer demand and engagement.

• Loss before income tax narrowed to $16.3 million, and cash burn reduced to $12.4 million, reflecting disciplined execution and improved efficiency.

• Nigeria led performance with orders up 25% and GMV up as much as 39% year-over-year, driven by assortment expansion and fulfillment optimization.

• Headcount declined 5% since the start of the year, supporting cost management and efficiency.

• FY2025 guidance was raised, with the company on track for full-year 2027 profitability.

Financial highlights

• Gross profit increased 11% year-over-year to $23.9 million, with gross margin improving to 13.3% of GMV.

• Adjusted EBITDA loss improved to -$13.6 million; loss before income tax decreased 28% year-over-year to $16.3 million.

• Marketplace revenue grew 8% to $21.6 million; first-party sales revenue surged 47% to $23.6 million.

• Net cash used in operating activities was $12.7 million, with a positive $4.1 million working capital contribution.

• Liquidity at quarter-end was $98.3 million, including $95.6 million in cash and $2.7 million in term deposits.

Outlook and guidance

• 2025 guidance for physical goods orders growth raised to 25%-30% and GMV growth to 15%-20%.

• Loss before income tax for 2025 expected at $45-$50 million; 2026 target remains $25-$30 million.

• Break-even targeted for Q4 2026, with full-year profitability in 2027.