Jumia Technologies AG (NYSE:JMIA)

Q2 2026 Jumia Technologies AG Earnings Call Transcript

Aug 12, 2026 / 12:30 PM GMT

Release Date Price: $6.4 (+10.15%)

Transcript

Key Points

Positve

Jumia Technologies AG (JMIA) delivered strong operational growth with physical goods orders up 28% and quarterly active customers up 23% year-over-year, both adjusted for perimeter effects.
Gross profit expanded 28% year-over-year, with gross profit margin as a percentage of GMV improving by 92 basis points to 14.2%, driven by higher take rates and a favorable category mix shift.
Adjusted EBITDA loss narrowed by 36% year-over-year to $8.7 million, demonstrating significant operating leverage and progress toward the Q4 2026 breakeven target.
High-margin revenue streams showed robust growth, with marketing and advertising revenue up 88% and value-added services revenue up 61% year-over-year, indicating improved platform monetization.
The company secured a $50 million capital raise anchored by a $25 million investment from the International Finance Corporation (IFC), strengthening its balance sheet and de-risking its path to profitability.
Fulfillment costs per physical goods order decreased by 7% year-over-year to $2.04, reflecting productivity gains and economies of scale despite temporary fuel surcharges.
International sourcing scaled significantly, with gross items sourced internationally up 96% year-over-year, diversifying the supply chain and supporting growth in high-margin categories.
Seller adoption of retail media advertising increased to 26% from 19% in the prior year, with management highlighting meaningful headroom for future advertising revenue growth.
The company maintained its guidance for Q4 2026 adjusted EBITDA breakeven and positive cash flow, expressing high confidence despite external headwinds.
Operational efficiency improved through AI-driven automation, which has expanded quality control coverage to the full catalog and automated SLA monitoring across over 40,000 daily orders.

Negative

Jumia Technologies AG (JMIA) faced significant external headwinds, including supply disruptions in memory chips and CPUs, which impacted the availability of entry-level smartphones and other electronics.
GMV growth was tempered by a slowdown in Ivory Coast, where a nearly 60% decline in cocoa farmgate prices reduced purchasing power and negatively impacted demand.
Fulfillment costs were negatively impacted by temporary fuel surcharges from local logistics partners, following fuel price increases driven by the war in the Middle East.
The company lowered its full-year 2026 GMV growth guidance to between 20% and 30% (from a previous higher range) due to volatility in higher-value categories, and projected Q3 GMV growth of only 15% to 25%.
Quarterly cash burn increased to $14.3 million in Q2 2026, up from $12.4 million in Q2 2025, due to a shift in working capital dynamics.
First-party sales revenue declined 3% year-over-year, impacted by supply and demand headwinds in higher-value electronic items.
Average order value for physical goods decreased to $34.6 from $36.3 in Q2 2025, reflecting a category mix shift towards lower-value items.
The company incurred non-recurring termination costs from fulfillment headcount reductions during the quarter, which partially offset cost improvements.
The competitive environment in Egypt remains intense, with major competitors investing heavily in quick commerce and groceries, although Jumia is focusing on a different segment.
The company's liquidity position decreased to $48.3 million, and while the capital raise will help, the ongoing external volatility and supply chain disruptions persist into the early third quarter of 2026.

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

JMIA.N - Jumia Technologies AG
Q2 2026 Jumia Technologies AG Earnings Call
Aug 12, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen.

Thank you for standing by. Welcome to Jumia's results conference call for the second quarter of 2026.

At this time, all participants are in a listen-only mode. And after the management's prepared remarks, there will be a question-and-answer session. I would now like to turn the call over to Ricardo Pino, Head of Investor Relations for Jumia. Please go ahead.

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Unidentified_2 [2]
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Thank you.

Good morning, everyone.

Thank you for joining us today for our second quarter 2026 earnings

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