Grocery helps boost Deliveroo’s H1 GTV to £3.78bn

Deliveroo has reported a 9% year-on-year increase in gross transaction value (GTV) and revenues, reaching £3.78bn and £1.04bn respectively, driven by double-digit growth in its grocery segment for the first half of the year ended 30 June 2025.

Order volumes rose 8% to £147m, with GTV per order up 1% to £25.80. 

Across both UK&I and International operations its GTV also increased 10% and 9% respectively, where strength in UAE and Italy was offset partially by continued softness in France.

The group’s adjusted (EBITDA) increased 46% to £96m, up from £66m in the first half of 2024. 

Its adjusted EBITDA margin as a percentage of GTV also rose to 2.5%, compared with 1.9% a year earlier, reflecting marketing efficiencies and improved operating leverage.

However, the company reported a loss for the period of £19.2m, compared with a £1.3m profit in the first half of 2024, primarily due to higher exceptional costs linked to the acquisition by DoorDash.

Profit before deal-related charges, tax adjusted, was £31.8m.

Looking ahead, Deliveroo has narrowed its full-year GTV growth guidance to the upper end of its previously indicated high single-digit percentage range, on a constant currency basis. 

It also tightened its adjusted EBITDA guidance to the upper half of the previously forecast range of £170m to £190m, citing strong performance in the first half and the planned weighting of investments in the second half aimed at future growth.

Over the medium term, Deliveroo is targeting annual GTV growth in the mid-teens, in percentage terms, on a constant currency basis. It also aims to reach an adjusted EBITDA margin of 4% or more, with margin expansion expected to accelerate from 2026 onward.

Will Shu, founder and chief executive, said: “The first half of this year was very positive. Our long term focus on improving the CVP is paying off. Consumer engagement is encouraging, with order frequency and retention continuing to improve across all cohorts.

“Today, both growth and profitability are accelerating. We are delivering on our mission to change the way people shop and eat and to bring the neighbourhood to people’s doors. I’m proud of where we are and all that we have achieved. We helped to build an entire sector and have redefined it multiple times over.”

He added: “I’m excited for what the partnership with DoorDash can bring in the future. They will be an excellent partner for everyone at the company, as well as for our consumers, merchant partners and riders.”