Jumia Technologies has reported a 14 percent year-on-year increase in revenue for the second quarter of 2026, as the African e-commerce company continued to narrow its losses and move closer to its profitability target.
The company, which is listed on the New York Stock Exchange under the ticker JMIA, said revenue rose to $52 million in the three months ended June 30, 2026, compared with $45.6 million in the same period last year. Revenue increased 15 percent on a constant-currency basis.
Jumia’s gross merchandise value (GMV), a measure of the total value of goods sold through its platform, increased 23 percent year-on-year, while gross profit climbed 28 percent.
The company’s gross profit margin expanded to 14.2 percent of GMV, reflecting improved monetisation of its marketplace.
The company also recorded an improvement in its operating performance. Adjusted EBITDA loss narrowed by 36 percent to $8.7 million, while orders increased 28 percent and quarterly active customers grew 24 percent.
The results mark another step in Jumia’s effort to reduce losses through higher transaction volumes, improved marketplace economics and tighter cost management.
Jumia said the growth was driven by stronger performance across key markets, particularly Nigeria and Ghana, while Egypt also showed signs of recovery.
The company has been concentrating its resources on its core markets after exiting several countries as part of a broader restructuring of its operations.
Alongside its second-quarter results, Jumia announced a $50 million capital raise anchored by the International Finance Corporation (IFC), a member of the World Bank Group.
The new funding is expected to strengthen Jumia’s financial position as it continues investing in growth while pursuing profitability.
The capital injection comes as Jumia works to reach breakeven on an adjusted EBITDA basis and generate positive cash flow in the fourth quarter of 2026. The company is also targeting full-year profitability and positive cash flow in 2027.
Jumia’s latest performance builds on what it recorded in the first quarter, when revenue increased 39 percent year-on-year to $50.6 million, while GMV rose 31 percent to $211.2 million and adjusted EBITDA loss narrowed 32 percent to $10.7 million.
The company had previously set a 2026 target of achieving an adjusted EBITDA loss of between $25 million and $30 million, before reaching adjusted EBITDA breakeven in the fourth quarter.
The second-quarter result reveals that Jumia’s strategy of prioritising marketplace growth, improving unit economics and reducing operating costs is beginning to translate into narrower losses.
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