JMIA Stock Slides Pre-Market On Higher 2025 Loss Guidance Despite Long-Term Profit Target
Synopsis
The company said that it expects physical goods orders to grow between 25% and 27% for 2025, compared with the prior forecast of 25% to 30%.
Jumia Technologies AG (JMIA) shares fell nearly 15% in premarket trading on Wednesday after the company widened its 2025 loss forecast, even as it reaffirmed its plans to reach full-year profitability by 2027.
CEO Francis Dufay said that the company was confident about its turnaround strategy and that the third quarter marked a significant acceleration in customer demand and order growth.
“We believe that we are on track to reach breakeven on a Loss before Income tax basis in Q4 2026 and achieve full-year profitability in 2027, positioning Jumia for long-term growth and value creation,” Dufay said.
Jumia forecast a 2025 loss before income tax to be between $50 million and $55 million. This compares to the previous forecast of a loss before income tax in the range of $45 million to $50 million.
The company said that it expects physical goods orders to grow between 25% and 27% for 2025, compared with the prior forecast of 25% to 30%.
Get updates to this developing story directly on Stocktwits.<
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.