Dubai – Mubasher: Talabat Holding, the on-demand online ordering and delivery platform in the MENA region, announced $222 million worth of net income during the first half (H1) of 2025, marking a 90% growth from $117 million in H1-24.

The gross merchandise value (GMV) increased by 31% to $4.52 billion in H1-25 from $3.45 billion in H1-24, according to a press release.

Revenues hit $1.82 billion in H1-25, growing 34% from $1.36 billion in the year-ago period.

Moreover, the adjusted EBITDA soared by 32% to $305 million in January-June 2025, compared to $231 million in the same half a year earlier.

Financial Results for Q2-25

In the second quarter (Q2) of 2025, Talabat registered 33% higher net income at $119 million compared with $90 million in Q2-24.

The GMV grew by 32% to $2.43 billion in Q2-25, compared with $1.85 billion in Q2-24.

The adjusted EBITDA also rose by 31% to $166 million in April-June 2025 from $126 million in the same quarter a year ago.

Talabat posted a 35% revenue growth to $982 million in Q2-25, compared with $727 million in Q2-24.

This strong performance was driven by top-line growth across both GCC markets of the UAE, Kuwait, Qatar, Bahrain and Oman, as well as non-GCC markets of Egypt, Jordan and Iraq.

The CEO of talabat, Tomaso Rodriguez, said: “We have achieved another strong quarter of financial and operational results, fueled by significant customer acquisition and increased order frequency. Our ongoing commitment to enhancing the consumer value proposition, expanding our groceries and retail vertical and fostering deeper customer loyalty is clearly yielding results.”

Rodriguez noted: “This growth complements the continued strength of our core GCC markets and the strong performance of our food vertical.”

The CEO elaborated: “The UAE, our largest market, maintained its robust growth trajectory in line with the overall pace of the group. Kuwait, our most established market, delivered impressive growth of over 20% for both the quarter and the first half of the year.”

Rodriguez concluded: “Likewise, our food vertical grew more than 20% year-on-year, reinforcing its strong contribution to our overall growth. With this momentum, we are confident in our outlook and are pleased to raise our full-year guidance across all metrics.”

In March 2025, Talabat unveiled the takeover of InstaShop Limited, one of the leading online grocery delivery marketplaces in MENA, from Delivery Hero.