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Talabat Rest Area. Image courtesy: Talabat
Dubai-listed Talabat Holding Plc, made a Q1 2025 net profit of $103.3 million on the back of growth in both the GCC markets as well as in Jordan, Egypt and Iraq.
The result was well above analysts mean estimate of $98.6 million, according to data provider LSEG.
Revenue came in at $833.6 million with gross merchandise value (GMV) rising 30% on year to $2.1 billion.
Talabat, one of the largest food ordering businesses in the Middle East, debuted on the Dubai Financial Market (DFM) in December last year.
(Writing by Brinda Darasha; editing by Seban Scaria)
