‎Ahead of earnings: Talabat Q2 2026 outlook

‎<p dir="RTL" ></p> <p ><span >Argaam, in this report, provides an overview of the expected second-quarter 2026 results of Talabat Holding, in addition to the company's revenue trend, quarterly earnings, operating indicators, and profitability metrics.</span></p> <p ></p> <p ><strong><span ><span >Quarterly Revenue– USD mln</span></span></strong></p> <table border="0" cellpadding="0"> <thead> <tr> <th > <p ><span ><span >Item</span></span></p> </th> <th > <p ><span ><span >Q2 2025</span></span></p> </th> <th > <p ><span ><span >Q3 2025</span></span></p> </th> <th > <p ><span ><span >Q4 2025</span></span></p> </th> <th > <p ><span ><span >Q1 2026</span></span></p> </th> <th > <p ><span ><span >Q2 2026 (Consensus)</span></span></p> </th> </tr> </thead> <tbody> <tr> <td > <p ><span ><span >Revenue</span></span></p> </td> <td > <p ><span ><span >981.0</span></span></p> </td> <td > <p ><span ><span >1,004.2</span></span></p> </td> <td > <p ><span ><span >1,031.8</span></span></p> </td> <td > <p ><span ><span >1,047.8</span></span></p> </td> <td > <p ><span ><span >1,032.0</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Change (%)</span></span></p> </td> <td > <p ><span ><span >+34.9%</span></span></p> </td> <td > <p ><span ><span >+30.1%</span></span></p> </td> <td > <p ><span ><span >+25.2%</span></span></p> </td> <td > <p ><span ><span >+25.7%</span></span></p> </td> <td > <p ><span ><span >+5.2%</span></span></p> </td> </tr> </tbody> </table> <p ></p> <p ><strong><span ><span >Quarterly Earnings– USD mln</span></span></strong></p> <table border="0" cellpadding="0"> <thead> <tr> <th > <p ><span ><span >Item</span></span></p> </th> <th > <p ><span ><span >Q2 2025</span></span></p> </th> <th > <p ><span ><span >Q3 2025</span></span></p> </th> <th > <p ><span ><span >Q4 2025</span></span></p> </th> <th > <p ><span ><span >Q1 2026</span></span></p> </th> <th > <p ><span ><span >Q2 2026 (Consensus)</span></span></p> </th> </tr> </thead> <tbody> <tr> <td > <p ><span ><span >Net income</span></span></p> </td> <td > <p ><span ><span >121.3</span></span></p> </td> <td > <p ><span ><span >120.9</span></span></p> </td> <td > <p ><span ><span >122.2</span></span></p> </td> <td > <p ><span ><span >86.6</span></span></p> </td> <td > <p ><span ><span >85.0</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Exceptional items</span></span></p> </td> <td > <p ><span ><span >0.0</span></span></p> </td> <td > <p ><span ><span >0.0</span></span></p> </td> <td > <p ><span ><span >0.6*</span></span></p> </td> <td > <p ><span ><span >0.9*</span></span></p> </td> <td > <p ><span ><span >0.0</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Net income before exceptional and non-recurring items</span></span></p> </td> <td > <p ><span ><span >121.3</span></span></p> </td> <td > <p ><span ><span >120.9</span></span></p> </td> <td > <p ><span ><span >121.7</span></span></p> </td> <td > <p ><span ><span >85.7</span></span></p> </td> <td > <p ><span ><span >85.0</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Recurring EPS (US cents/share)</span></span></p> </td> <td > <p ><span ><span >0.53</span></span></p> </td> <td > <p ><span ><span >0.52</span></span></p> </td> <td > <p ><span ><span >0.53</span></span></p> </td> <td > <p ><span ><span >0.37</span></span></p> </td> <td > <p ><span ><span >0.36</span></span></p> </td> </tr> </tbody> </table> <p ><span ><span ><span >* Gain on disposal of property and equipment.</span></span></span></p> <p ><strong><span ><span >Key events in Q2 2026</span></span></strong></p> <ul> <li ><span ><span >Shareholders approved an interim cash dividend of 3.45 fils per share for the second half of 2025. </span></span></li> <li ><span ><span >Talabat Mart, Talabat's grocery and retail business, signed a strategic memorandum of understanding (MoU) with Elite Agro Holding to support local agriculture and ensure the availability of fresh, high-quality products for consumers across the UAE. </span></span></li> </ul> <p ><strong><span ><span >Average estimates for Q2 2026 </span></span></strong></p> <p ><span ><span >According to the average estimate of research firms, the company</span></span></p> <p ><span ><span >Talabat is expected to report a net profit of $85.0 million for the second quarter of 2026, 30% lower year-on-year (YoY), according to the average estimates of one research firm.</span></span></p> <p ></p> <p ><strong><span ><span >Average estimates – USD mln</span></span></strong></p> <table border="0" cellpadding="0"> <thead> <tr> <th > <p ><span ><span >Research Firm</span></span></p> </th> <th > <p ><span ><span >Estimate (USD mln)</span></span></p> </th> </tr> </thead> <tbody> <tr> <td > <p ><span ><span >First Abu Dhabi Securities</span></span></p> </td> <td > <p ><span ><span >85.0</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Consensus Estimate</span></span></p> </td> <td > <p ><span ><span >85.0</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Net profit before exceptional and non-recurring items (Q2 2025)</span></span></p> </td> <td > <p ><span ><span >121.3</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Difference (%)</span></span></p> </td> <td > <p ><span ><span >(30%)</span></span></p> </td> </tr> </tbody> </table> <p ></p> <p ></p> <p ><strong><span ><span >Share Performance</span></span></strong></p> <table border="0" cellpadding="0"> <thead> <tr> <th > <p ><span ><span >Metric</span></span></p> </th> <th > <p ><span ><span >Company</span></span></p> </th> <th > <p align="center" ><span ><span >Market</span></span></p> </th> </tr> </thead> <tbody> <tr> <td > <p ><span ><span >Change YTD</span></span></p> </td> <td > <p ><span ><span >+11.70%</span></span></p> </td> <td > <p ><span ><span >(4.15%)</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Change (last 12 months)</span></span></p> </td> <td > <p ><span ><span >(16.67%)</span></span></p> </td> <td > <p ><span ><span >(5.90%)</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Previous close</span></span></p> </td> <td > <p ><span ><span >1.05</span></span></p> </td> <td > <p ><span ><span >5,795.93</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Recurring P/E (x)</span></span></p> </td> <td > <p ><span ><span >14.81x</span></span></p> </td> <td > <p ><span ><span >9.23x</span></span></p> </td> </tr> <tr> <td > <p ><span ><span >Recurring EPS (last 12 months) (AED/share)</span></span></p> </td> <td > <p ><span ><span >0.07</span></span></p> </td> <td > <p ><span ><span >—</span></span></p> </td> </tr> </tbody> </table>

Publication

Argaam - UAE News · Trade Publication

Published

4th August 2026

Original report

argaam.com

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