Q3 2025 Talabat Holding PLC Earnings Call Transcript

Nov 10, 2025 / 06:00 AM GMT

Transcript

Key Points

Positve

Talabat Holding PLC (DFM:TALABAT) reported a 27% year-over-year growth in GMV for Q3 2025, with revenue growing at a faster pace of 32%.
The company achieved an adjusted EBITDA of $154 million, representing 6.4% of GMV, aligning with their full-year guidance.
Talabat's average monthly active users (MAUs) increased by 23% compared to the previous year, indicating strong customer base growth.
The company's multi-vertical strategy is proving successful, with over one-third of active customers ordering across food, grocery, and retail verticals.
Talabat Pro, the loyalty subscription program, has doubled its adoption rate from the previous year, contributing significantly to the company's GDV.

Negative

The administrative closure in Qatar for five days in September resulted in a 1% loss of overall GMV for the group during the quarter.
The company's adjusted net income margin decreased to 4.6% from 5.1% in the previous year, partly due to higher corporate income tax rates in the GCC.
There is a slight softness in gross profit margins due to lower commission rates as the product mix shifts towards lower-margin grocery and retail verticals.
The entry of new competition in GCC markets by the end of the year is expected to impact growth dynamics.
The company faces regulatory challenges, with increased scrutiny from regulators on pricing strategies and competition practices in key markets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TALABAT.DU - Talabat Holding PLC
Q3 2025 Talabat Holding PLC Earnings Call
Nov 10, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Okay, hello everyone, and welcome to Telemat's earnings call for the 3rd quarter of 2025.

My name is Shadi Salman, heading investor relations at Tallabat, and I will also be hosting today's call.

All participants are currently in listen-only mode, and we'll have a question-and-answer session at the end of the presentation.

In the meantime, please feel free to use the Q&A feature in Zoom to post your questions. Written questions will come to me, and I will then read them out and have them answered live during the Q&A session.

Please include your name and organization as well. You are also encouraged to ask your questions orally by using the Raise your hand feature, and I will hand the

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