Jumia Technologies, a leading e-commerce platform operating across Africa, has released its financial report for the first quarter of 2025. The report reveals a significant revenue decline to $36.3 million, down 26% year-over-year, primarily attributed to reduced corporate sales in Egypt. Gross Merchandise Value (GMV) also declined by 11%, reaching $161.7 million, largely impacted by the same trend in corporate sales and currency fluctuations. However, excluding corporate sales, GMV displayed a positive growth of 10% year-over-year, suggesting resilience in Jumia’s consumer business segment. 2025 Q1 saw an operating loss of $18.7 million compared to $8.3 million in the same period last year. 15.7 million dollars was allocated to adjusted EBITDA loss, a considerable increase from $4.3 million in the first quarter of 2024. However, Jumia’s net finance results improved significantly ($33.5 million), contributing to narrowing the loss before income tax to $16.5 million. This improvement is attributed to avoiding high finance costs incurred in 2024 due to currency devaluations in Nigeria and Egypt.