Talabat Holding Plc · DFM:TALABAT
Talabat — Q1 2026 Earnings Presentation
22 slides from Talabat's earnings presentation, May 12, 2026
Slide 1: Q1 2026 Results
Q1 2026 Results 12 May 2026 THE LEADING ON-DEMAND DELIVERY PLATFORM IN MENA 1
Slide 2: Today's presenters and agenda
Today’s presenters and agenda Agenda for today 1. Key highlights TOON GYSSELS CEO 2. Business update 3. Financial update KHALED ALFAKESH CFO 4. Outlook 5. Q&A SHADI SALMAN IR 6. Appendix 2
Slide 3: Key highlights
Key highlights 3
Slide 4: Q1 2026 key financial highlights (including instashop)
Q1 2026 key financial highlights (including instashop) USD (cFX) USD (cFX) USD USD 2.7bn 1.0bn 130mn 87mn 18% y/y (1) 22% y/y (1) 4.8% of GMV 3.2% of GMV GMV Revenue Adjusted Net GMV GMV EBITDA Income Dividends and Dividends of USD 219mn now paid in respect of H2 2025; on track to pay 90% of 2026 ne
Slide 5: Business update
Business update 5
Slide 6: Dynamics of strong Q1 topline performance
Dynamics of strong Q1 topline performance 2026 GMV 2025 GMV (shifted -11 days) Ramadan Rain / G&R Outage Mar 23 - Mar 27 ‘26 Ramadan Start Start of Conflict Eid al-Fitr Feb 18 ‘26 / Mar 1 ’25 28 Feb ‘26 Mar 20 ‘26 / Mar 30 ‘25 GMV 1st Jan ‘26 - 31st Mar ‘26 Source: Company information as of March 20
Slide 7: Operational resilience with safety as a priority
Operational resilience with safety as a priority 1 2 3 Selection Experience Affordability ● Item availability recovered to ● Rider availability recovered ● Modest increase in restaurant pre-crisis levels within days within hours prices (single-digits only)(2) ● ~3 months coverage for critical ● Expa
Slide 8: Business momentum continues, driven by our core pillars
Business momentum continues, driven by our core pillars Selection (1) Experience (2) Value (3) # of active partners # of active riders Partner funded savings (USD) 18% % of GMV 6.2% 7.0% y/y growth 25% y/y growth 33% y/y growth 93k 79k 168k $188mn 134k $141mn Mar ‘25 Mar ‘26 Mar ‘25 Mar ‘26 Q1 ’25 Q
Slide 9: Financial update
Financial update 9
Slide 10: Continued top-line growth momentum
Continued top-line growth momentum sh op talabat + insta GMV (USD million) Revenue (USD million) % of GMV 38% 39% +19% y/y +18% y/y (2) +23% y/y 2,685 2,422 +22% y/y (2) 2,257 1,929 1,048 853 Q1 ‘25 Q1 ‘26 Q1 ‘25 Q1 ‘26 pro forma (1) pro forma (1) Continued GMV growth momentum driven by robust order
Slide 11: Healthy profitability maintained as investment cycle ramps up
Healthy profitability maintained as investment cycle ramps up sh op talabat + insta Adj. EBITDA (USD million) Net Income (USD million) Free Cash Flow (USD million) % of GMV 6.3% 4.8% % of GMV 4.7% 3.2% % of GMV 4.3% 3.9% -9% y/y -18% +7% y/y y/y 143 130 106 98 104 87 Q1 ‘25 Q1 ‘26 Q1 ‘25 Q1 ‘26 Q1 ‘
Slide 12: Advancing investments to strengthen leadership and build the Everyday App
Advancing investments to strengthen leadership and build the “Everyday App” FY ’26 planned Key comments (0.2%) (0.5%) (0.7%) 4.6% margin investments (1) Q1'26 investment progress against full-year Board- Q1’26 actual margin investments approved budget of USD 175mn 1. Strengthening Food leadership (~
Slide 13: Outlook
Outlook 13
Slide 14: 2026 guidance increased for net income
2026 guidance increased for net income Performance FY 2026e guidance Risks and mitigants supporting full-year Q1 2026A measure (12 May 2026) guidance GMV growth (1) 18% 11-14% (y/y at constant currency) USD 2.7bn USD 11.2-11.5bn 1 Macro headwinds (GDP & population growth) 2 Competitive intensity: Me
Slide 15: Q&A
Q&A 15
Slide 16: Investments cycle Q&A
Investments cycle Q&A Q1. What do your investments in 2026 entail? Q3. How does the Everyday App investment programme flow through In February 2026, the Board approved USD 175 million in investments, fully funded the financials? Why call these "investments" rather than costs? by internal cash, struc
Slide 17: Liquidity provider and share buybacks Q&A
Liquidity provider and share buybacks Q&A Q1. Why has the Company appointed a Liquidity Provider (LP)? Q5. How does the LP mandate and the SBB programme work together? On 25 March 2026, talabat appointed an LP to support orderly trading by The LP mandate and SBB program serve complimentary but disti
Slide 18: Business strategy Q&A
Business strategy Q&A Q1. With GMV growth of 18% y/y in Q1’26 at constant currency, will Q3. Why have you performed a P&L reclassification between Gross you overachieve full-year guidance of 11–14%? Profit and Operating Expenses? The stronger Q1 performance was supported by two temporary tailwinds:
Slide 19: Appendix
Appendix 19
Slide 20: Alternative Performance Measures ("APMs")
Alternative Performance Measures (“APMs”) talabat regularly uses alternative performance measures which are relevant to enhance the understanding of the financial performance and financial position of the Company. These measures may not be comparable to similar measures used by other companies; they
Slide 21: Disclaimer
Disclaimer The information contained in this presentation (the “Presentation”) represents a summary of the financial statements for the three-month period ended 31 March 2026 (the “Q1 2026 Financial Statements”) of Talabat Holding plc (“talabat” or the “Company”). This presentation does not purport
Slide 22: Thank you!
Thank you! ir@talabat.com 22