Dubai — Online food-delivery major Talabat reported a solid third quarter, posting a 31 per cent rise in net income to $119 million and reaffirming its upgraded full-year outlook as order volumes and customer engagement climbed across all markets.
Group gross merchandise value (GMV) reached $2.4 billion, up 26 per cent year-on-year, while revenue advanced 31 per cent to $1 billion. Adjusted EBITDA rose 21 per cent to $154 million, maintaining a margin of 6.4 per cent of GMV. Net-income margin stood at 4.9 per cent.
Management attributed the gains to broader customer acquisition, higher order frequency, and strong adoption of Talabat Pro, the firm’s subscription programme. The GCC region accounted for 81 per cent of total GMV.
Food, Grocery, and Retail Growth
The company said growth was robust across both its food-delivery and grocery & retail businesses. The food vertical expanded nearly 20 per cent, while grocery and retail sales jumped more than 40 per cent, reflecting diversification beyond meal delivery.
CEO Tomaso Rodriguez said engagement levels were at record highs. “More than one in three customers now use multiple verticals, and over a quarter of our monthly active users are Talabat Pro subscribers, driving nearly half of GMV,” he said.
Cash Flow and Outlook
Adjusted net income rose 15 per cent to $112 million, while free cash flow reached $99 million, slightly lower than last year due to higher tax payments and working-capital adjustments.
The company reaffirmed its full-year guidance, expecting constant-currency GMV growth of 27–29 per cent, revenue growth of 29–32 per cent, an Adjusted EBITDA margin of 6.5 per cent, and a net-income margin near 5 per cent. Talabat also plans a minimum dividend payout of $400 million for 2025.
The platform, which went public earlier this year through a $1.5 billion Dubai IPO, said its strong execution, innovation in grocery delivery, and continued user engagement will sustain growth into 2026.
