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Jumia Technologies (JMIA) investor relations material
Jumia Technologies Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong operating momentum in Q4 2025, with 36% GMV growth, 34% revenue growth to $61.4M, and significant reduction in cash burn.
Physical goods GMV grew 38% year-over-year, with broad-based demand, especially during Black Friday, and orders up 32%.
Nigeria led with 50% GMV and 33% order growth; active customers for physical goods increased 26% year-over-year.
Opened a new office in Yiwu, China, to expand direct sourcing and diversify product assortment.
Quarterly cash burn declined to $4.7 million in Q4 2025 from $15.8 million in Q3 2025.
Financial highlights
Q4 2025 revenue: $61.4M (+34% YoY); GMV: $279.5M (+36% YoY); gross profit: $34.2M (+43% YoY); gross margin: 12.2%.
Adjusted EBITDA loss narrowed to $7.3M from $13.3M in prior year; operating loss down 39% YoY to $10.6M.
Loss before income tax was $9.7M, a 45% decrease year-over-year.
Cash burn declined to $4.7M in Q4 2025; net cash used in operating activities was $1.7M.
Ended Q4 with $77.8M in liquidity, including $76.7M in cash and equivalents.
Outlook and guidance
GMV expected to grow 27–32% year-over-year in 2026, adjusted for perimeter effects.
Adjusted EBITDA loss for 2026 forecasted between $25M and $30M.
Targeting adjusted EBITDA breakeven and positive cash flow in Q4 2026, with full-year profitability in 2027.
Exiting Algeria in Q1 2026, incurring one-time costs and short-term negative impact.
Q1 2026 expected to see higher cash outflows due to seasonality and contract renewals.
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Frequently asked questions
Your one-stop shop in Africa and the Middle East
Jumia is an online marketplace that operates in Africa and the Middle East, providing a platform for sellers to offer a variety of products and services to customers. The company's business model involves connecting sellers with buyers through its ecommerce platform. Sellers can create their own online stores on Jumia's website and list their products, while buyers can browse and purchase these products online. Jumia also offers various value-added services to sellers, such as marketing and advertising, payment processing, and order fulfillment.
Jumia's revenue model, products, and peers
Jumia generates revenue by charging fees to sellers for using its platform and services, as well as by charging delivery fees to customers. Additionally, Jumia offers its own products, such as electronics and fashion items, which it sources from suppliers and sells directly to customers. Three listed companies having similar offerings to Jumia are Amazon, MercadoLibre, and Alibaba.
Competitive advantages
Just as for the aforementioned companies, Jumia possesses several competitive strengths such as first mover advantage, economies of scale, and network effects. Jumia was the first-mover in the African ecommerce market, giving it an early lead over competitors. This advantage has allowed Jumia to establish a strong brand presence and build a large customer base in the region.
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