Talabat reports strong 2025 growth, announces $100m investment plan for expansion

Talabat, the Middle East and North Africa’s leading on-demand delivery platform, has reported strong financial results for 2025 and unveiled plans to invest more than $100 million in 2026 to expand its grocery and subscription services.

The company said its full-year gross merchandise value (GMV), a key measure of total order value, rose 28 percent at constant currency to reach $9.5 billion. Revenue increased 33 percent to $3.9 billion, reflecting continued growth in customer demand and service expansion across its markets.

talabat’s adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached $615 million, representing a margin of 6.5 percent. Net income stood at $464 million, highlighting sustained profitability. Chief Executive Officer Toon Gyssels described the margins as among the highest in the delivery industry and said the results demonstrated the company’s ability to grow while maintaining strong financial discipline.

The final quarter of 2025 showed continued momentum. GMV rose 21 percent year-on-year to $2.5 billion, supported by higher order volumes and increased adoption of talabat pro, the company’s loyalty subscription programme. Quarterly revenue climbed 26 percent to $1 billion, while adjusted EBITDA rose 13 percent to $156 million.

Gyssels said the company’s performance reflected the strength of its business model despite challenging market conditions. He noted that talabat met or exceeded its financial targets, with adjusted free cash flow reaching $559 million, equivalent to 5.9 percent of GMV.

talabat’s grocery and retail segment emerged as a major driver of growth. GMV in this segment rose 45 percent in the fourth quarter to $788 million, accounting for 32 percent of total GMV compared with 27 percent a year earlier. Non-GCC markets also recorded strong gains, with GMV increasing 57 percent to $501 million during the quarter.

The company attributed part of its improved performance to stronger conversion of orders into revenue, supported by growth in talabat mart, its grocery delivery service, and rising subscription income.

Looking ahead, talabat plans to invest more than $100 million in 2026 to expand talabat mart and enhance the talabat pro subscription programme. The investment will focus on improving affordability, expanding store networks, and strengthening supply chain infrastructure to increase product availability and delivery speed.

The talabat pro programme, now available in all eight of the company’s markets after launches in Egypt and Iraq last year, offers benefits such as free delivery, discounts, priority support, and partner services. The company aims to attract more subscribers and strengthen relationships with customers and vendors.

talabat’s board has also recommended a final dividend of $219 million, bringing total dividends for 2025 to $421 million. This represents 90 percent of net income and reflects confidence in the company’s financial position.

For 2026, talabat expects GMV growth of 11 to 14 percent, with continued profitability as it invests in expanding its services and strengthening its presence across the region.