Jumia Group has trimmed its working loss to $16.5 million within the second quarter of 2025, marking an 18% year-over-year enchancment because the e-commerce firm continues its lengthy highway towards profitability.
In line with the Q2 2025 {financial} outcomes launched on Thursday, the corporate’s income for the quarter stood at $45.6 million in comparison with $36.5 million within the second quarter of 2024.
This represents a 25% progress year-over-year, and up 22% in fixed foreign money.
The Group’s lively buyer quantity additionally grew by 7% from 2 million in Q2 2024 to 2.2 million within the second quarter of 2025.
With the Q2 efficiency, Humia Group CEO, Francis Dufay, stated the corporate is on observe to breakeven in This autumn 2026 and return to profitability in 2027.
“Our second quarter outcomes reveal continued momentum in our core client enterprise, with strong utilization progress and powerful engagement throughout markets.
“We consider year-over-year developments are reflecting the underlying energy of our platform. We additionally delivered a significant enchancment in money burn quarter-over-quarter, pushed by progress and a constructive affect from working capital.
“This reinforces our confidence in reaching our strategic objective to breakeven on a Loss earlier than Earnings tax foundation within the fourth quarter of 2026 and reaching full-year profitability in 2027,” he stated.
Primarily based on present developments, Dufay stated the corporate is elevating its full-year 2025 steerage and long-term profitability targets.
As a part of strikes to streamline its operations, Jumia in October final 12 months introduced plans to close down its operations in South Africa and Tunisia by the tip of 2024.
The strategic transfer was geared toward optimizing sources and specializing in markets with stronger progress potential throughout the continent, which embrace Nigeria and others.
