| Market: Dubai | Symbol: TALABAT | ISIN: AEE01569T248 | Industry: Consumer Staples & Discretionary |
talabat is the leading on-demand online food ordering, delivery, takeaway and groceries and convenience retail marketplace in the MENA region, and category leader across eight markets, with operations in the UAE, Kuwait, Qatar, Bahrain, Egypt, Oman, Jordan and Iraq.
talabat’s online marketplace offers customers a convenient, personalised and simple way of ordering food, groceries and other convenience products from a wide selection of restaurants and retailers (“Partners”). We benefit from powerful network effects, with each constituent of our three-sided marketplace (over 6 million active customers, more than 65,000 active partners and 119,000 active riders) contributing to our growth.
| Share data | 25/04/2025 |
| Key Figures (USD millions equivalent) | 2022 | 2023 | 2024 | 9M'23* | 9M'24* |
|---|---|---|---|---|---|
| Gross Merchandise Value (GMV) | 5,171 | 6,062 | 7,428 | 4,439 | 5,384 |
| of which GCC (%) | 88 | 87 | 85 | 24 | 86 |
| of which non-GCC (%) | 12 | 13 | 15 | 3 | 14 |
| Consolidated pro forma** statement of profit & loss | |||||
| Revenue (management reporting) | 1,761 | 2,242 | 2,956 | 1,617 | 2,132 |
| Gross profit | 528 | 691 | 915 | 495 | 660 |
| Adj. EBITDA | 217 | 321 | 497 | 219 | 358 |
| Operating profit | 168 | 268 | 432 | 168 | 300 |
| Net profit | 100 | 212 | 346 | 122 | 208 |
| Consolidated pro forma** statement of financial position | |||||
| Total assets | 1,024 | 1,029 | 1,107 | - | 949 |
| Total liabilities | 801 | 848 | 568 | - | 541 |
| Total equity | 223 | 180 | 538 | - | 408 |
| Consolidated pro forma** statement of cash flows | |||||
| Net cash generated from operating activities | 220 | 375 | 120 | 250 | 389 |
| Net cash used in investing activities | (63) | (50) | 307 | (29) | (299) |
| Net cash used in financing activities | (174) | (387) | (9) | (255) | (122) |
| Cash and cash equivalents at the end of the year | 411 | 348 | 419 | - | 316 |
| Key indicators (%) | |||||
| GMV growth | 31 | 17 | 23 | - | 21 |
| Revenue growth | - | 27 | 32 | - | 32 |
| Revenue (% of GMV) | 34 | 37 | 40 | 36 | 40 |
| Gross profit margin (% of GMV) | 10 | 11 | 12 | 11 | 12 |
| Adj. EBITDA margin (% of GMV) | 4.2 | 5.3 | 6.7 | 4.9 | 6.7 |
| Net income margin (% of GMV) | 1.9 | 3.5 | 4.7 | 2.8 | 3.9 |
