Jumia Technologies posted a 25% jump in second-quarter revenue to $45.6 million, reversing consecutive declines and underscoring progress in the African eCommerce group’s shift from rapid expansion to profitability.
The pan-African platform narrowed its operating loss by 18% to $16.5 million, while adjusted EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortisation) loss improved to $13.6 million from $16.4 million a year earlier. Quarterly cash burn was cut almost in half from the prior period, falling to $12.4 million as the company tightened costs and improved working capital discipline.
Nigeria continued to anchor growth, with orders up 25% and gross merchandise value rising 36% year-over-year. Faster delivery, curated product offerings, and deeper seller engagement drove the gains, the company said.
CEO Francis Dufay’s restructuring program, in place since 2022, has seen Jumia exit weaker markets including South Africa and Tunisia, cut headcount, and concentrate operations in Nigeria, Kenya, Egypt, and Uganda, where eCommerce adoption is strongest. The company reaffirmed its goal to break even by the fourth quarter of 2026 and deliver full-year profitability in 2027.
Jumia ended the quarter with $98.3 million in cash, giving it room to sustain its turnaround and lift gross profit per order without sacrificing margin discipline.
