Jumia Technologies AG · NYSE:JMIA
Jumia Technologies — Q2 2026 Earnings Presentation
28 slides from Jumia Technologies's earnings presentation, Aug 12, 2026
Slide 1: Q2 2026. Disciplined growth, stronger unit economics, and a clear line of sight to Q4 Breakeven
Q2 2026. Disciplined growth, stronger unit economics, and a clear line of sight to Q4 Breakeven. August 12, 2026
Slide 2: Forward-looking statements
IMPORTANT NOTICE This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and
Slide 3: Key takeaways
SIX INSIGHTS TO TAKE AWAY ★ Key takeaways. Gross profit margin expanded by 92 basis points to 14.2% of Physical goods Orders grew by 28%1,5 year-over-year and GMV, driven by improved marketplace monetization Quarterly Active Customers grew by 23%2,5 year-over-year GMV3,5 grew 23% year-over-year driv
Slide 4: Q2 2026 at a glance
THE QUARTER IN FIVE NUMBERS ★ Q2 2026 at a glance. GMV Revenue Liquidity position3 $216.3 M $52.0 M $48.3 M ↑ 23% YoY1 ↑ 17% YoY1,2 ↑ 14% YoY ↑ 15% YoY2 ↓ $14.3M QoQ Net cash flows used in operating Adjusted EBITDA loss Path to profitability activities $11.8 M $8.7 M Q4 2026 breakeven ↓ $0.8M YoY ↓
Slide 5: The platform is getting structurally healthier
PLATFORM FUNDAMENTALS & UNIT ECONOMICS ★ The platform is getting structurally healthier. SHARE OF GROSS ORDERS FROM GROSS ITEMS SOLD FROM 90-DAY REPURCHASE RATE1,2 SHARE OF PUS3 IN SHIPPED OUTSIDE THE MAIN URBAN INTERNATIONAL SELLERS1 % OF NEW CUSTOMERS PACKAGES1 MILLION OF ITEMS CENTERS1 % SHIPPED
Slide 6: Usage
★ USAGE
Slide 7: Customer base +23% YoY
USAGE - QUARTERLY ACTIVE CUSTOMERS 01 Customer base +23% YoY1. Reflecting continued traction in both acquisition and retention. QUARTERLY ACTIVE CUSTOMERS MILLION 3.0 2.5 2.6 2.4 2.2 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 YoY growth adjusted ↑ 23% ↑ 12% ↑ 23% ↑ 26% ↑ 25% for perimeter effects1 1. A
Slide 8: Physical goods Orders growth, +28% YoY
USAGE - ORDERS 02 Physical goods Orders growth, +28% YoY1. Driven by strong underlying consumer demand across our markets. PHYSICAL GOODS ORDERS MILLION 7.5 5.9 6.3 5.6 5.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 YoY growth adjusted ↑ 34% ↑ 28% ↑ 19% ↑ 32% ↑ 31% for perimeter effects1 1. Adjusted fo
Slide 9: GMV trajectory +23% YoY
USAGE - GROSS MERCHANDISE VALUE 03 GMV trajectory +23% YoY1. Driven by strong business fundamentals. Resilient underlying demand and effective execution across our marketplace. GMV MILLIONS USD 279.5 211.2 216.3 197.2 180.2 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 YoY growth adjusted ↑ 25% ↑ 23% ↑ 10
Slide 10: Country-level physical goods GMV growth
USAGE - GROSS MERCHANDISE VALUE 04 Country-level physical goods GMV growth. Resilient performance across markets; Egypt continues recovery trajectory. NIGERIA 24% of Q2 2026 PG GMV IVORY COAST 21% of Q2 2026 PG GMV KENYA 15% of Q2 2026 PG GMV 49% 42% 39% 36% 31% 23% 16% 11% (1)% Q2 2025 Q1 2026 Q2 2
Slide 11: Mix shifting up
USAGE - CATEGORY MIX, AOV AND GROSS PROFIT PER ORDER 05 Mix shifting up. Home & Living gaining share as Phones and Electronics recede; lowering average order value while lifting gross profit per order. GMV MIX - PHYSICAL GOODS1 ITEMS SOLD - PHYSICAL GOODS1 AVERAGE ORDER VALUE - % OF GMV % OF UNITS P
Slide 12: Financials
★ FINANCIALS
Slide 13: Revenue, +14% YoY marketplace leading
FINANCIALS - REVENUE 06 Revenue, +14% YoY marketplace leading. Higher marketplace activity and a continued shift toward a higher-margin mix. REVENUE YOY CHANGE MILLIONS USD FIRST PARTY SALES % OF GMV 52.0 45.6 0.3 ↓ (22)% 0.4 13.1% 22.8 12.0% 10.7% 10.9% 10.6% 23.6 ↓ (3)% 28.8 21.6 Q2 2025 Q3 2025 Q
Slide 14: Marketplace revenue breakdown
FINANCIALS - MARKETPLACE REVENUE 07 Marketplace revenue breakdown. Led by third-party sales growth; supported by expanding marketing and advertising, and value-added services. MARKETPLACE REVENUE YOY CHANGE MILLIONS USD 28.8 1.9 ↑ 61% 3.5 21.6 1.1 1.9 ↑ 88% 23.5 18.6 ↑ 26% Q2 2025 Q2 2026 Third-part
Slide 15: From $45.6m to $52.0m
FINANCIALS - REVENUE BRIDGE 08 From $45.6m to $52.0m. Growth led by the shift toward third-party sales and improved marketplace monetization. REVENUE MILLIONS USD 5.0 1.6 0.7 52.0 45.6 (0.1) (0.8) (0.1) Q2 2025 First-party Third-party Third-party Marketing and Value-added Other revenue Q2 2026 sales
Slide 16: Gross profit +28% YoY, outpacing revenue
FINANCIALS - GROSS PROFIT & MARGIN 09 Gross profit +28% YoY, outpacing revenue. Margin expansion driven by commissions increase across countries and continued monetization progress. GROSS PROFIT MILLIONS USD GROSS PROFIT - TAKE RATE % OF GMV 28% YoY 31% YoY 1 30.7 13.9% 14.2% 13.3% 23.9 12.1% 12.2%
Slide 17: Stable cost base, structurally lower
FINANCIALS - COST DISCIPLINE 10 Stable cost base, structurally lower. Tech costs trending down on headcount and contract optimization; G&A staff costs lower on headcount reduction. TECHNOLOGY AND CONTENT G&A - EXCLUDING SBC1 MILLIONS USD ↓ (2)% YoY ↓ (5)% YoY MILLIONS USD 9.2 9.4 9.0 8.7 8.9 16.0 16
Slide 18: A new stage of operating leverage
FINANCIALS - OPERATING LEVERAGE 11 A new stage of operating leverage. From GMV down to Adjusted EBITDA - structural improvement at every step of the cascade. Q2 2025 Q2 2026 Growth YoY Operational improvements MILLIONS USD GMV 180.2 216.3 +20% →Increased marketplace monetization and revenue from Ad
Slide 19: Operating leverage in action
FINANCIALS - NET LOSS1 BRIDGE 12 Operating leverage in action. Gross profit scaled well ahead of operating expenses; finance income adding a further tailwind. LOSS BEFORE INCOME TAX MILLIONS USD 6.8 1.3 (10.9) (2.6) (16.3) Q2 2025 Gross profit Operating expenses2 Finance income / (costs) Q2 2026 1.
Slide 20: Q2 2026 cash flow
FINANCIALS - CASH & LIQUIDITY 13 Q2 2026 cash flow. Improvement in operating loss more than offset by a shift in working capital contribution. CASH FLOW MILLIONS USD Q1 2026 61.5 Cash & Cash equivalents Net cash flows used in (11.8) $47.4M operating activities Net cash flows used in Net cash flows u
Slide 21: Outlook
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Slide 22: Capital raise. $50m
STRATEGIC UPDATE 14 Capital raise. Announces $50 Million capital raise anchored by the International Finance Corporation, a member of the World Bank Group, and including current leading shareholders and selected new investors. ENDORSEMENT - A Vote Of Confidence In Our Strategy The IFC joins as a new
Slide 23: Profitability targets reaffirmed
FY 2026 GUIDANCE 15 Profitability1 targets reaffirmed. GMV outlook updated on expected volatility in higher-value categories. Profitability targets unchanged — we will keep prioritizing healthy usage and higher-margin categories over volume. Q3 2026 FY 2026 FY 2026 PROFITABILITY PATH GMV GMV ADJUSTE
Slide 24: Appendix
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Slide 25: A1. Revenue & gross profit detail
NON-IFRS RECONCILIATION - 1 OF 2 A1. Revenue & gross profit detail. For the three months ended June 30, - USD million For the three months ended June 30, 2025 2026 Marketplace revenue1 21.6 28.8 Third-party sales 18.6 23.5 Value-added services 1.1 1.9 Marketing and advertising 1.9 3.5 First-party sa
Slide 26: A2. Adjusted EBITDA reconciliation
NON-IFRS RECONCILIATION - 2 OF 2 A2. Adjusted EBITDA reconciliation. For the three months ended June 30, - USD million For the three months ended June 30, 2025 2026 Loss for the period (16.6) (11.7) Income tax benefit / (expense) 0.3 0.9 Net Finance costs / (income) (0.3) (1.5) Depreciation and amor
Slide 27: A3. Constant currency data
CONSTANT CURRENCY A3. Constant currency data. For the three months ended June 30, - USD million, except percentages For the three months ended June 30, As reported Constant currency YoY Change YoY Change 2025 2026 2026 Revenue 45.6 52.0 14 % 52.3 15 % Gross Profit 23.9 30.7 28 % 31.2 31 % Fulfillmen
Slide 28: A4. Metrics definitions
GLOSSARY A4. Metrics definitions. GMV, ORDERS, or “Gross Merchandise Value” corresponds to the total value of orders for corresponds to the total number of orders for products and services on our products and services including shipping fees, value-added tax, and before platform, irrespective of can