talabat has lifted its full-year 2026 guidance across all key metrics after first-half performance exceeded its own expectations, even as Q2 net income fell 18% year-on-year to AED 367.25 million amid sustained investment in groceries, loyalty and its everyday app strategy.
H1 GMV grew 15% at constant currency to AED 20.57 billion, prompting the company to revise its full-year GMV growth outlook to 13–15%, up from 11–14%. Full-year revenue growth is now guided at 16–18%, with adjusted EBITDA forecast at AED 1.96–2.07 billion and net income at AED 1.19–1.30 billion.
Q2 revenue rose 16% to AED 4.04 billion, while adjusted EBITDA fell 13% to AED 539.86 million. Multi-vertical customers generated 75% of Q2 GMV, with talabat Pro subscribers accounting for 51%. Non-GCC markets – Egypt, Jordan and Iraq – were the standout, with GMV surging 41% to AED 2.35 billion. The company has also begun a share buyback programme, repurchasing 108.1 million shares at an average price of AED 1.18 each.
Gulf Economist Staff Writer