Financing ·
Jumia Technologies AG reported Q2 2026 revenue of $52.0 million, up 14% year-over-year, driven by a shift toward…
JMIAJumia Technologies AG
Jumia Technologies AG reported Q2 2026 revenue of $52.0 million, up 14% year-over-year, driven by a shift toward third-party sales. Gross profit increased 28% to $30.7 million, while the adjusted EBITDA loss narrowed 36% to $8.7 million. The company announced a $50 million capital raise priced at $5.52 per ADS, anchored by a $25 million investment from the International Finance Corporation and participation from existing shareholders like Axian. Jumia reaffirmed its target to achieve adjusted EBITDA breakeven in Q4 2026 and full-year profitability in 2027. The company operates as a pan-African e-commerce platform providing marketplace, logistics, and payment services.