Deliveroo has posted a loss of £19.2m for the first half of 2025, despite revenues rising 8 per cent to hit £1bn.
This reversed its first-ever profit just a year earlier, as the company pointed to costs linked to its pending acquisition by US rival DoorDash.
Despite top-line growth, interim results for the six months ending 30 June revealed a sharp drop from the £1.3m profit reported in the same period last year.
Deliveroo attributed the swing to ‘higher exceptional items relating to costs associated with the DoorDash acquisition’.
Excluding those one-off expenses, the company said it recorded a tax-adjusted profit of £31.8m for the period.
The London-based giant also stated it faces a number of risks within its business, including those relating to cybersecurity, competition and innovation, financial conditions and governmental matters.
The £2.9bn DoorDash deal however, which the company’s board accepted in May, is progressing on schedule and is set to be completed towards the end of the year.
The takeover will see Deliveroo delist from the London Stock Exchange in another blow for the UK market and operate under the ownership of the San Francisco-based food delivery group, pending final regulatory approvals.
“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,” said Will Shu, CEO and founder of Deliveroo.
“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.
“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.”
Since rumours of the takeover began back in April this year, Deliveroo has seen its share price rocket.
The business, which has a market cap of £2.65bn, oversaw a share price increase from 123.4p at the beginning of that month to 170.5p at its end.
It now sits at 177.3p, having very gradually increased since May.