Talabat raises 2026 guidance; net profit seen at $355M

Talabat Holding H1 performance exceeded its previous forecasts.

Talabat Holding plc said it has raised its 2026 financial guidance across its five key performance indicators, after H1 performance exceeded its previous forecasts, supported by continued growth momentum, solid profitability margins, and strong free cash flow generation.

The company’s 2026 strategic investment program valued at $120 million, approved by the board to develop the "Everyday Needs Application" ecosystem, is progressing as planned, alongside accelerating adoption of grocery and retail sector services, according to the company’s H1 2026 report.

Talabat also continued to deliver robust growth in the food delivery segment, maintaining market leadership in its operating geographies despite spending less than its allocated marketing budget. This supported better-than-expected profit margins and underpinned the company’s decision to raise its 2026 financial guidance.

Talabat raised its revenue growth outlook to 16%–18%, up from the previous 14%–17% and lifted its net income forecast to $325–355 million compared to the previous $300–330 million range.

Meanwhile, the 90% net income dividend policy remains unchanged, with the interim dividend for H1 2026 expected to be announced in September and distributed in October 2026.

The company noted that Q2 performance was impacted by the different timing of the Eid Al-Fitr holiday compared to last year, adding that the normalized annual growth in gross merchandise value, excluding the impact of the holiday timing difference, was approximately 15% year-on-year (YoY).

Talabat continued to strengthen business in Q2 2026, with the number of active partners rising 14% YoY to around 97,000. Grocery and retail sector partners accounted for about one-quarter of active partners. The number of drivers also increased 25% to about 189,000.

The company indicated that 75% of gross merchandise value came from customers who used more than one category of products and services, up 4 percentage points YoY. The "Talabat Pro" subscription program contributed about 51% of the platform's gross merchandise value, with nearly one in four active customers enrolled in the program.