Dubai, UAE – Talabat Holding PLC recorded a net profit of $186 million (AED 682.6 million) in the first half of 2026. A decrease of 18% compared to a net profit of $227 million (833 million dirhams) in the corresponding period last year.
Revenues in the first half jumped 19% to reach $2.189 billion (8 billion dirhams). Compared to the same period in 2025.
In terms of net profits for the second quarter of 2026, they amounted to $100 million (367 million dirhams). A decline of 18% compared to $121 million (444 million dirhams) in the same period in 2025.
Revenues for the second quarter recorded $1.141 billion (4.187 billion dirhams), a growth of 16% compared to the same quarter last year.
Talabat said in a statement that it continues to enjoy a strong financial position. Supported by its ability to generate free cash flows amounting to $162 million (AED 595 million) during the second quarter. And $266 million (977 million dirhams) during the first half of the year.
During the second quarter, the company began implementing a share buyback program, which was approved by shareholders during the annual general assembly meeting held in April 2026.
As of August 12, 2026, “Orders” had repurchased 108.1 million shares at an average price of AED 1,182 per share. With a total value of approximately $35 million (128.5 million dirhams). Representing 0.46% of the issued capital.
The company also kept its 90% dividend policy unchanged. Interim dividends on the results of the first half of 2026 are expected to be announced during September 2026, and will be distributed in October 2026.
higher revenues
The total value of goods sold in the second quarter reached $2.9 billion (AED 10.65 billion), an increase of 11% year-on-year. Or 12% based on a fixed currency exchange rate, driven by continued growth of the customer base.
After neutralizing the impact of the difference in the timing of the Eid al-Fitr holiday, the basic growth reached about 15% on an annual basis.
The total value of goods sold during the first half of 2026 also increased to $5.6 billion (20.57 billion dirhams). With 15% year-on-year growth at a fixed currency exchange rate, exceeding the company’s original full-year financial guidance. Which ranged between 11% and 14%.
The total value of goods sold in GCC markets rose to $2.3 billion (AED 8.45 billion) during the second quarter. With a growth of 5% year-on-year, representing 78% of the total compared to 83% the previous year.
The total value of goods sold in markets outside the Gulf region also rose during the second quarter to $642 million (AED 2.36 billion). An increase of 41%, constituting 22% of the total compared to 17% the previous year.
Revenues amounted to $1.141 billion (AED 4.187 billion), an increase of 16% year-on-year, or 17% based on a fixed exchange rate. This reflects a conversion rate of 39% of the total value of goods sold into revenue, compared to 38% the previous year.
Revenue growth outpacing growth in the total value of goods sold is driven by a rise in the share of revenue from company-owned groceries, Mart Orders, and expanding advertising business margins. This was partly offset by lower commission rates as a result of the higher share of groceries and retail in the total value of goods sold. Increase incentives to attract and retain customers.
Adjusted earnings before interest, taxes, depreciation and amortization in the second quarter amounted to $147 million (AED 540 million). A decrease of 13% year-on-year, which is equivalent to 5.0% of the total value of goods sold. Compared to 6.4% the previous year.
