Jumia Applied sciences AG has reported a pre-tax lack of $17.7 million for the nine-month interval ended September 30, 2025, exhibiting a slight enchancment from the $17.8 million recorded within the third quarter of 2024.
Nevertheless, the bottom-line enchancment was tempered by weaker-than-expected income efficiency. Jumia reported an earnings-per-share (EPS) lack of $0.150, lacking analyst expectations of $0.130, reflecting persevering with stress on profitability.
A monetary assertion by the pan-African e-commerce group exhibits income for the quarter got here in at $45.6 million, beneath the market consensus of $50 million, underscoring ongoing challenges in driving stronger gross sales momentum throughout its markets.
The combined efficiency comes as Africa’s largest e-commerce platform highlighted Nigeria as a serious development engine, with the nation driving a number of the quickest enhancements so as volumes, customer exercise and gross merchandise worth (GMV) throughout the group.
Key monetary highlights (Q3 2025):
- Whole Income: Income: $45.6 million (+25% YoY)
- Gross Revenue: $23.8 million (+4% YoY)
- Loss Earlier than Tax: –$17.7 million (barely improved from –$17.8 million in Q3 2024)
- Working Loss: $17.4M, improved from $20.1M in Q3 2024
- Whole Liquidity: $82.5M
- Whole Belongings: $144,259, down from $192,072 as of Dec. 31, 2024
- Whole Liabilities: $109,321, up from $105,786 as of Dec. 31, 2024
- Fairness Attributable to Fairness Holders: $35,485, down from $86,792 as of Dec. 31, 2024
Operational effectivity improves as first-party gross sales develop
Regardless of lacking income expectations, Jumia delivered operational enhancements throughout a number of segments. Adjusted EBITDA loss narrowed to $14 million, from $17 million a 12 months earlier, reflecting tighter value management. Gross revenue rose modestly, although gross margin slipped to 12% from 14% because of a heavier tilt towards first-party gross sales.
First-party (1P) income surged 54% year-on-year to $23.8 million, reflecting Jumia’s strategic shift towards proudly owning extra stock to spice up supply reliability and customer expertise. Market income grew by solely 4% to $21.5 million, per the corporate’s concentrate on stabilising its core platform relatively than pursuing aggressive growth.
CEO Francis Dufay described the quarter as a part of a gentle transition towards long-term industrial viability. “Jumia has reached an inflection level,” he stated, emphasising efforts to “construct a enterprise mannequin that works within the realities of African markets.”
Nigeria leads Jumia’s Africa development story
Regardless of persistent inflationary pressures and FX volatility, Jumia’s Nigerian operations delivered considered one of their strongest quarterly rebounds for the reason that macroeconomic disruption of 2024.
Key indicators for Nigeria in Q3 2025 embrace:
- Bodily items orders up 30% year-on-year
- Bodily items GMV up 43% in reported forex
- Broad-based nationwide efficiency, led by the South-west and South-east areas
- Stronger traction within the North as the corporate deepens its up-country growth
- Nigeria stays Jumia’s largest market by demand, customer base and market exercise
CEO Francis Dufay summed up the outlook, saying: “Nigeria continues to be considered one of our strongest development markets. As shopper behaviour stabilises after final 12 months’s macro shocks, the basics are delivering our favour.” He stated Nigeria’s resurgence “demonstrates sustained shopper urge for food and bettering belief in e-commerce regardless of difficult financial situations.”
Path to profitability stays central
Jumia offered a cautiously optimistic outlook for the the rest of 2025 and past. Administration expects 25%–27% development in bodily items orders, supported by logistics growth and rising shopper digital adoption.
This displays elevated shopper engagement and improved supply effectivity throughout key African markets akin to Nigeria, Kenya, Morocco, and Côte d’Ivoire.
Wanting as much as Nigeria, the corporate reaffirmed its goal to succeed in break-even by This fall 2026, with the bold aim of changing into worthwhile for the complete 12 months 2027, although analysts warn that persistent FX volatility, inflation and casual sector competitors could gradual momentum.
The corporate stated Nigeria’s increasing customer base, continued up-country penetration and improved unit economics will stay central to reaching profitability.
What you need to know
Jumia Applied sciences AG reported a strong 25% year-on-year rise in income to $45.6 million within the third quarter of 2025, but the market reacted swiftly as Jumia’s inventory slipped 3.41% in pre-market buying and selling to $10.20 on Friday after the corporate fell in need of the $50 million consensus income forecast, although the shares closed barely decrease at $10.14.
Regardless of the earnings miss, Jumia’s inventory stays one of many 12 months’s standout performers—up 30.84% during the last three months and a formidable 173.32% over the previous 12 months.
Based in 2012, Jumia was as soon as hailed as “Africa’s Amazon,” however its journey has been turbulent. The corporate has confronted steep competitors from casual retail channels, forex devaluations throughout its markets, and chronic money burn. The shift from a pure market mannequin to a blended 1P and market strategy marks Jumia’s newest try to unravel logistics challenges and achieve higher customer belief.
Analysts have issued a mixture of constructive and destructive EPS revisions during the last 90 days, underscoring uncertainty about Jumia’s turnaround timeline.