Jumia Technologies AG · NYSE:JMIA
Jumia Technologies — Q1 2026 Earnings Presentation
26 slides from Jumia Technologies's earnings presentation, May 7, 2026
Slide 1: Q1 2026 Results Presentation
Company Presentation Q1 2026 Results Presentation May 7, 2026
Slide 2: Disclaimer
Disclaimer 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
Slide 3: Key Takeaways Q1 2026
Gross profit margin expanded by 160 basis points to 13.9% of GMV, driven by improved marketplace monetization Key Physical goods Orders grew by 31%1,6 year-over-year and Quarterly Active Customers grew by 25%2,6 year-over-year Takeaways GMV3,6 grew 32% year-over-year driven by strong business Q1 202
Slide 4: Highlights Q1 2026
Highlights GMV Revenue Loss before income tax $211.2 million $50.6 million $17.8 million Q1 2026 31% // 18% YoY 1 39% // 28% YoY 1 8% // (21)%3 YoY 32% // 20%1, YoY2 Net cash flow used Adjusted EBITDA Liquidity position4 in operating loss activities $62.6 million $12.5 million $10.7 million $15.7 mi
Slide 5: Continued improvement in platform fundamentals and unit economics
Continued improvement in platform fundamentals and unit economics Gross items sold from International Share of Gross Orders from outside the suppliers1 main urban centers1 mn 87% % 4 p.p. 57.9% 62.0% 4.9 2.6 Q1 2025 Q1 2026 Q1 2025 Q1 2026 90-day repurchase rates2,3 Share of PUS4 in shipped packages
Slide 6: Usage Highlights
Usage Highlights Financial Metrics Appendix 6
Slide 7: Usage Highlights: Active Customers
Usage Highlights Active Customers (mn) 3.0 2.5 2.4 Quarterly Active Customers grew 2.2 +25% YoY1 2.1 Quarterly Active Customers ordering physical goods grew by 26% year-over- year1, reflecting continued traction in both acquisition and retention. Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 YoY Growth ad
Slide 8: Usage Highlights: Physical Goods Orders
Usage Highlights Physical Goods Orders (mn) 7.5 5.9 5.6 5.0 4.5 Physical goods Orders grew +31% YoY1 Year-over-year physical goods Orders growth driven by strong underlying consumer demand across our markets. Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 YoY Growth PG Orders adjusted for perimeter effects
Slide 9: Usage Highlights: GMV
Usage Highlights GMV ($mn) 279.5 211.2 197.2 180.2 GMV increased 32% YoY1 161.7 Physical goods GMV increased 33% year-over-year1, reflecting accelerating momentum on our platform. Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 YoY Growth adjusted for perimeter effects1 (8)% +10% +25% +38% +32% Notes 1. Adj
Slide 10: Broad-based growth across core markets; Egypt continues recovery
Usage Highlights Broad-based growth across core markets; Egypt continues recovery trajectory Q1 2025 Q4 2025 Q1 2026 +65% +124% +142% +50% +48% +49% +42% +44% +31% +20% +21% +16% Physical +10% +10% goods GMV +4% +2% +3% Growth (69)% 1 Ivory Coast Nigeria Kenya Egypt Ghana Other Markets % of total co
Slide 11: Resilient category mix, with improving average order value
Resilient category mix, with improving average order value GMV Physical Goods Split Items Sold Physical Goods Split 5% 5% 8% 9% Other¹ Other¹ Beauty Beauty Fashion Fashion Home & Living Home & Living 95% 95% 92% 91% Electronics Electronics Phones Phones Q1 2025 Q1 2026 Q1 2025 Q1 2026 Average Order
Slide 12: Financial Metrics
Usage Highlights Financial Metrics Appendix 2 12 5
Slide 13: Revenue breakdown
Revenue breakdown Revenue breakdown ($mn) YoY Change 39% 28%1 50.6 0.4 • Revenue growth in Q1 2026 reflects higher marketplace activity and continued momentum in first-party sales, supported by Other revenue 36.3 6% (2)%1 improved monetization across the platform. 0.4 Marketplace 50% 35%1 revenue 27
Slide 14: Marketplace revenue breakdown
Marketplace revenue breakdown Marketplace revenue breakdown ($mn) YoY Change 50% 35%1 27.0 1.7 • The increase in Q1 2026 marketplace 2.2 revenue was led by growth in third-party Value Added sales and supported by expanding nm nm1 marketing and advertising and value- Services 18.1 added services. 0.6
Slide 15: Revenue Bridge: Q1 2025 to Q1 2026 – Key Impacts
Revenue Bridge: Q1 2025 to Q1 2026 – Key Impacts $mn +7.5 +0.7 +1.1 0.0 50.6 +5.3 36.3 (0.3) Revenue bridge Q1 2025 to Q1 2026 Revenue Q1 First-party Third-party Third-party Marketing and Value added Other revenue Revenue Q1 2025 sales corporate sales 1 advertising services 2026 sales Marketplace re
Slide 16: Gross Profit Margins
Gross Profit Margins 48% ($mn) 33%1 29.4 • In Q1 2026, Gross Profit as % of GMV increased by 160bps due to the impact of commission increases implemented across 19.9 countries and continued progress in marketplace monetization. Q1 2025 Q1 2026 Gross Profit as % of 12.3% 13.9% GMV Note 17 1. Growth o
Slide 17: Disciplined Cost Management Stabilizing Cost Base
Disciplined Cost Management Stabilizing Cost Base Technology and Content expense General and Administrative expense ex SBC1 $mn $mn 4% (8)% (3)%2 (10)%1 9.6 9.4 16.1 16.0 16.2 16.8 9.2 8.7 8.9 13.0 7.8 8.4 8.0 8.2 9.1 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Ot
Slide 18: A New Stage of Operating Leverage
A New Stage of Operating Leverage $mn Q1 2025 Q1 2026 Growth YoY Operational improvements GMV 161.7 211.2 +31% Increased marketplace monetization and Gross Profit as % of GMV 12.3% 13.9% +160 bps • revenue from Ad services • Greater discipline in retail margins Gross Profit 19.9 29.4 +48% • Fulfillm
Slide 19: Net Loss Bridge: Q1 2025 to Q1 2026 – Key Impacts
Net Loss1 Bridge: Q1 2025 to Q1 2026 – Key Impacts $mn +9.5 Net Loss1 bridge Q1 2025 to Q1 (4.7) 2026 (16.5) (6.1) (17.8) 2 Net loss Q1 2025 Gross profit Operating expenses Finance income / (costs) Net loss Q1 2026 Net loss1 in Q1 2026 was largely impacted by: • A $9.5 million positive impact from g
Slide 20: Cash Flow
Cash Flow Cash Flow ($mn) 40.0 60.0 Cash and cash equivalents ending Q4 2025 76.7 Net cash flows used in operating activities (12.5) Net cash flows used in investing activities (0.2) Net cash flows used in financing activities (1.6) Effect of exchange rate changes on cash and (1.0) cash equivalents
Slide 21: FY 2026 Guidance
Jumia remains committed to delivering profitable growth in 2026 by scaling usage, improving FY 2026 operational efficiency, and continuing to reduce cash burn. Guidance We are navigating an evolving international environment. While we expect some temporary disruption from memory chip and CPU price p
Slide 22: Appendix
Usage Highlights Financial Metrics Appendix 2 23 5
Slide 23: Non-IFRS Reconciliation 1/2
For the three months ended March 31, Non-IFRS USD mn 2025 2026 Reconciliation 1/2 Marketplace revenue1 18.1 27.0 Third-party sales 16.0 23.2 Value-added services 0.6 1.7 Marketing and advertising 1.5 2.2 First-party sales 17.8 23.1 Other revenue 0.4 0.4 Revenue 36.3 50.6 Cost of revenue (16.4) (21.2
Slide 24: Non-IFRS Reconciliation 2/2
For the three months ended March 31, Non-IFRS USD mn 2025 2026 Reconciliation 2/2 Loss for the period (16.7) (17.7) Income tax benefit / (expense) 0.2 (0.1) Net Finance costs / (income) (2.2) 3.9 Depreciation and amortization 1.9 2.1 Share-based compensation expense 1.1 1.1 Adjusted EBITDA (15.7) (1
Slide 25: Constant Currency Data (USD)
Constant Currency Data (USD) For the three months ended March 31, ($ mn, except percentages) As reported FX neutral data YoY Change YoY Change 2025 2026 2026 Revenue 36.3 50.6 39% 46.3 28% Gross Profit 19.9 29.4 48% 26.6 33% Fulfillment expense (9.4) (12.2) 29% (11.0) 17% Sales and Advertising expen
Slide 26: Metrics Definitions
• “Gross Merchandise Value”, or “GMV”, corresponds to the total value of orders for products and services including shipping fees, value-added tax, and before deductions of any discounts or vouchers, irrespective of cancellations or returns • “Orders” corresponds to the total number of orders for pr