Jumia Technologies reported FY2024 results with revenue declining 10.1% YoY to $167.5M, while gross profit decreased 7.1% to $99.5M. The company's operating loss improved by 10% to $66.0M from $73.3M in 2023, with net loss relatively stable at $99.1M. Order volume grew 6% YoY to 22.7M, while fulfillment cost per order improved to $2.30 from $2.56.The company successfully strengthened its financial position by raising $94.7M through an equity offering in August 2024, maintaining total liquidity of $133.9M. Operational efficiency improved with sales & advertising expenses reduced by 19.4% YoY to $17.3M, while technology & content costs decreased 9.7% to $37.5M. Jumia faced significant currency headwinds with major devaluations in the Nigerian Naira (-72.5%) and Egyptian Pound (-64.4%). The company maintains its strategic focus on market optimization following exits from Tunisia and South Africa, while emphasizing cost discipline and enhanced platform monetization. Management secured sufficient funding for the next 12 months, with $53.6M committed to service suppliers through 2030.

Jumia Technologies reported FY2024 results with revenue declining 10.1% YoY to $167.5M, while gross profit decreased 7.1% to $99.5M. The company's operating loss improved by 10% to $66.0M from $73.3M in 2023, with net loss relatively stable at $99.1M. Order volume grew 6% YoY to 22.7M, while fulfillment cost per order improved to $2.30 from $2.56.The company successfully strengthened its financial position by raising $94.7M through an equity offering in August 2024, maintaining total liquidity of $133.9M. Operational efficiency improved with sales & advertising expenses reduced by 19.4% YoY to $17.3M, while technology & content costs decreased 9.7% to $37.5M. Jumia faced significant currency headwinds with major devaluations in the Nigerian Naira (-72.5%) and Egyptian Pound (-64.4%). The company maintains its strategic focus on market optimization following exits from Tunisia and South Africa, while emphasizing cost discipline and enhanced platform monetization. Management secured sufficient funding for the next 12 months, with $53.6M committed to service suppliers through 2030.