Dubai, UAE – 15 February 2026: Talabat Holding plc, the MENA region’s leading on-demand delivery platform, reported strong Q4 and full-year 2025 financial results, demonstrating continued growth momentum, resilient profitability, and solid cash generation.
Gross Merchandise Value (GMV) rose 21% year-on-year in Q4 to USD 2.5 billion, while revenue increased 26% to USD 1.0 billion. Adjusted EBITDA reached USD 156 million (6.3% margin), with net income at USD 123 million (5.0% margin). For the full year, GMV grew 28% to USD 9.5 billion and revenue climbed 33% to USD 3.9 billion, with Adjusted EBITDA at USD 615 million.
The Board recommended total dividends of USD 421 million for 2025, exceeding prior guidance, reflecting strong cash performance and confidence in the company’s outlook.
Looking ahead, Talabat announced a disciplined 2026 investment plan exceeding USD 100 million, focused on expanding its grocery vertical (talabat mart) and strengthening its loyalty programme (talabat pro). While these investments are expected to impact near-term margins, they aim to enhance customer value, scale operations, and support long-term growth.
For 2026, the company expects GMV growth of 11–14%, Adjusted EBITDA of USD 510–540 million, net income of USD 280–310 million, and Free Cash Flow of USD 370–400 million.
Commenting on the results, CEO Toon Gyssels said the company’s strong performance reflects the scalability of its business model, adding that the 2026 investment cycle will further strengthen Talabat’s competitive positioning and long-term shareholder value.
