British meal delivery company Deliveroo has reported its first year of profit and positive free cash flow in 2024 and said it expected to deliver more growth this year despite an uncertain consumer environment.
The company made a profit of £2.9 million against a loss of £31.8 million over the previous year.
Adjusted core earnings came in at £129.6 million, at the top end of its guidance, it said on Thursday.
Deliveroo – one of the market leaders in the UK and Ireland and present in eight other markets – had already reported in January a 6% rise in gross transactional value (GTV) to £7.43 billion from 296 million orders in 2024.
Founder and chief executive Will Shu said the “robust” results showed the company’s strategy was working.
Shu said, “Whilst the consumer environment remains uncertain, I am confident that we can continue to deliver growth by focusing on the levers in our control.”
Deliveroo said on Monday it would leave the Hong Kong market after nine years, with the sale of some of its assets to rival Delivery Hero’s foodpanda.
Read More: Deliveroo To Exit Hong Kong Market
