Dubai – Food and retail delivery company Talabat Holding has raised its full-year 2025 growth forecast after reporting a $121 million net profit in the second quarter.
The DFM-listed firm has posted $362.5 million in net profit since its market debut in September 2024. It now expects revenue growth of 29%–32% on a constant currency basis, compared to the earlier estimate of 18%–20%.
The improved outlook comes as gross merchandise value (GMV) is projected to rise by 27%–29%, up from the previous forecast of 17%–18%.
Talabat’s share price has climbed 2.36% in the past week to Dh1.3, but remains 7.14% lower year-to-date from its IPO price of Dh1.6.
CEO Tomaso Rodriguez credited growth in the Groceries and Retail vertical and rising uptake of the Talabat Pro subscription service. Strong double-digit gains in GCC markets and faster growth in non-GCC regions are also driving performance.
The company maintains a projected net income margin of 5%, which analysts consider solid in the UAE and Gulf’s highly competitive delivery market.
