JMIA News & Events

Jumia Technologies announces the election and re-election of five members of its Supervisory Board at its Annual General Meeting held on May 15. Shareholders elected Hassanein Hiridjee, Dr. Akinwumi Ayodeji Adesina and Benjamin Faw, and re-elected Jonathan Klein and Anne Ooga Eriksson, to the Supervisory Board. Jonathan Klein is the co-founder and former Chairman and CEO of Getty Images. HE continues as Chairman of the Supervisory Board. Anne Ooga Eriksson continues as Deputy Chairperson of the Supervisory Board and Chairperson of the Risk and Audit Committee. Eriksson retired a few years ago from PricewaterhouseCoopers as Regional Senior Partner and CEO for Eastern Africa. Akinwumi Ayodeji Adesina is a 2017 World Food Prize laureate and former President and Chairman of the Board of Directors of the African Development Bank Group. Hassanein Hiridjee, who has been serving as a Supervisory Board member since September 2025, was formally elected by the shareholders, cementing his seat on the board. Mr. Hiridjee is the co-founder and CEO of Axian Group. Benjamin Faw has experience as a founder, founding investor, founding advisor in multiple companies in e-commerce and technology.

The Company has materially reduced its cash burn and is targeting Adjusted EBITDA breakeven and positive cash flow in Q4 2026, with full-year profitability and positive cash flow expected in 2027.

GMV of $211.2 million compared to $161.7 million in the first quarter of 2025, up 31% year-over-year, and up 18% in constant currency. Adjusted for perimeter effects, GMV grew 32% year-over-year. "Our first quarter results demonstrate that the operating leverage we have been building is translating into our financials. GMV and physical goods Orders, each adjusted for perimeter effects, grew 32% and 31%, respectively, year-over-year, and our Adjusted EBITDA loss narrowed by 32% to $10.7 million as higher volumes result in structurally better economics across our platform. Gross profit grew 48% year-over-year, reflecting our continued progress in marketplace monetization. At the start of 2026, we committed to scaling usage across our existing markets, deepening customer engagement, and unlocking operating leverage while continuing to improve availability, affordability, and reliability for our customers. Our first quarter results reflect early and tangible delivery for each of these priorities. Growth was broad-based across our markets. Nigeria delivered an exceptional quarter with physical goods GMV up 42% year-over-year, Egypt confirmed its recovery, with physical goods GMV up 3%, or 56% excluding corporate sales, year-over-year. We continue to monitor the dynamic macro environment and manage our business accordingly. We believe that we have the right business fundamentals to navigate current uncertainties and that the opportunity for Jumia remains strong. We are executing with discipline and these results keep us firmly on track toward our target of achieving Adjusted EBITDA breakeven and positive cash flow in the fourth quarter of 2026, and full-year profitability and positive cash flow in 2027." - Francis Dufay, CEO

The company said, "Jumia remains committed to delivering profitable growth in 2026 by scaling usage, improving operational efficiency, and continuing to reduce cash burn. We are navigating an evolving international environment. While we expect some temporary disruption from memory chip and CPU price pressures and the ongoing conflict in the Middle East, our business fundamentals are strong, our Q1 2026 results demonstrate continued execution, and we have not changed our mid-term profitability targets or our belief in Jumia's long-term opportunity for growth. Based on current business trends, we reaffirm our full-year 2026 guidance as follows: *GMV is projected to grow between 27% and 32% year-over-year, adjusted for perimeter effects. *We forecast Adjusted EBITDA loss to be between $25 million and $30 million. *We confirm our strategic goal to achieve breakeven on an Adjusted EBITDA basis and positive cash flow in the fourth quarter of 2026, and delivering full-year profitability and positive cash flow in 2027."