Shares of Jumia Technologies AG (NYSE: JMIA) have risen over 41% month-to-date on the New York Stock Exchange, fueled by the release of its Q1 2025 results, which reflect a more stable performance than the previous year.
The company, which includes Jumia Nigeria among its subsidiaries, reported a pre-tax loss of $16.4 million for the quarter, a significant reduction from the $39.6 million loss recorded in the first quarter of 2024.
Jumia reached 2.1 million active customers and processed 5.1 million orders in Q1 2025, up from 1.9 million customers and 4.6 million orders in Q1 2024, marking its strongest quarterly performance in two years.