By Terell Wright
Shares of Jumia Technologies rose Wednesday after the company reported improved growth in orders for the two months ended Nov. 30.
Shares climbed 3.4% to $12.62 and hit a 52-week high earlier in the session on Wednesday. Shares are up threefold year-to-date.
The pan-African e-commerce platform said Wednesday that its physical goods orders rose 30% year-over-year to 5.1 million, with 3.2 million orders from the Black Friday period, according to preliminary results for the period.
The gross merchandise value for physical goods increased 35% year-over-year, reflecting growth across its key electronics, beauty and home-and-living categories.
Excluding corporate sales, gross merchandise value rose 41%.
Sales growth was driven by Nigeria, where gross merchandise value surged 45% and orders grew 28%, and Ghana, which saw order and GMV growth of 81% and over twofold, respectively.
Quarterly active customers ordering physical goods grew 26% to 2.3 million.
Write to Terell Wright at terell.wright@wsj.com
(END) Dow Jones Newswires
December 10, 2025 10:44 ET (15:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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