Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________________ FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPAN ...

Core Viewpoint - The article discusses the challenges of investing in Jumia Technologies (NYSE: JMIA), emphasizing the difficulty of believing in a business narrative that the market does not recognize or appreciate [1]. Group 1: Company Overview - Jumia Technologies is highlighted as a company that may present a unique investment opportunity despite market skepticism [1]. - The article references Dr. Duru, a seasoned market analyst with extensive experience in various market cycles, who provides alternative perspectives on financial markets [1]. Group 2: Analyst Background - Dr. Duru has a strong academic background, holding a B.S. in Mechanical Engineering and a Ph.D. in Engineering-Economic Systems from Stanford University [1]. - His professional experience includes independent consulting in operations research, management consulting in product development, and expertise in business intelligence and data analytics [1]. Group 3: Investment Philosophy - The article emphasizes the importance of understanding market extremes and challenges conventional market wisdom, suggesting that there are opportunities in overlooked narratives [1]. - Dr. Duru's blog, "One-Twenty Two," serves as a platform for sharing insights on various financial instruments, including stocks, options, and cryptocurrencies, utilizing both technical and fundamental analysis [1].

Financial Data and Key Metrics Changes - In Q4 2024, revenue was $45.7 million, down 23% year-over-year and down 2% on a constant-currency basis [31][32] - Adjusted EBITDA was negative $13.7 million for Q4 2024, compared to negative $0.6 million in Q4 2023 [16][40] - Loss before income tax from continuing operations was $17.6 million in Q4 2024, a slight increase from $17.1 million in Q4 2023 [16][44] - Cash burn for the quarter was $30.6 million, compared to $26.8 million in Q4 2023 [17] Business Line Data and Key Metrics Changes - Core marketplace business accelerated in Q4 2024, with physical goods orders growing by 18% year-over-year [10] - Marketplace revenue for Q4 was $22.8 million, down 31% year-over-year [33] - Revenue from first-party sales was $22.5 million in Q4, down 14% but up 8% on a constant-currency basis [34] Market Data and Key Metrics Changes - GMV declined 12% in USD but grew 13% year-over-year in constant currency [14] - Average order value for physical goods orders decreased from $45.5 in Q4 2023 to $35.5 in Q4 2024 [15] Company Strategy and Development Direction - The company is focusing on upcountry expansion and product assortment expansion to drive growth [20][22] - Jumia aims to improve operational efficiency and achieve profitability by enhancing logistics and customer experience [25][28] - The company plans to leverage international sourcing to expand product offerings at affordable prices [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macro headwinds affecting performance but expressed confidence in the company's growth trajectory [14][19] - For 2025, the company anticipates physical goods orders to grow between 15% and 20% year-over-year [51] - GMV is projected to be between $795 million and $830 million in 2025, reflecting a year-over-year increase of 10% to 15% [52] Other Important Information - The company streamlined operations by exiting non-strategic markets, consolidating warehouse footprints, and improving logistics capabilities [9][10] - The Net Promoter Score rose to 63 in Q4 2024, indicating improved customer satisfaction [13] Q&A Session Summary Question: Can you provide more color on trends observed in Q1? - Management noted continued progress on order growth and usage, leading to confidence in the guidance of 15% to 20% growth year-over-year [55] Question: What is preventing the company from increasing selection? - Management indicated that the challenge is more on the supply side than demand, focusing on increasing supply and improving vendor experience [58][60] Question: Can you elaborate on the mix between first-party and third-party sales? - Management acknowledged a decline in corporate sales affecting first-party sales and stated that they are pragmatic about the mix, using first-party sales when it provides better value [62][64] Question: What is behind the physical order growth? - Management attributed physical order growth to better assortment, customer experience, and efficient marketing tactics [67] Question: What efficiencies have been gained from consolidating the warehouse footprint? - Management explained that consolidating warehouses has improved efficiency, control, and fulfillment costs, with expectations for greater savings in 2025 [75][76] Question: What is the current fixed cost base as 2025 begins? - Management indicated that while costs have been reduced, there is potential for another 20% efficiency improvement, allowing for processing of 2x to 3x current volumes [80] Question: How does the balance sheet look in terms of inventory strategy? - Management confirmed that increased working capital was aligned with their strategy to enhance supply and vendor relationships, with expectations for moderation in future adjustments [88][90]

Jumia (JMIA -30.28%) stock is getting crushed in Thursday's trading. The e-commerce company's share price was down 29.5% as of 10:15 a.m. ET amid a 0.8% decline for the S&P 500 (^GSPC -0.82%) and a 0.7% decline for the Nasdaq Composite (^IXIC -0.85%).Before the market opened this morning, Jumia published its fourth-quarter results -- and Wall Street was not happy with the print. In addition to posting Q4 sales that missed the market's expectations, the online retail specialist also issued forward guidance t ...

Dublin, Feb. 14, 2025 (GLOBE NEWSWIRE) -- The "Nigeria Loyalty Programs Market Intelligence and Future Growth Dynamics - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2025 Update" report has been added to ResearchAndMarkets.com's offering.The loyalty market in Nigeria is expected to grow by 18.6% on annual basis to reach US$241.7 million in 2025. In value terms, the loyalty market in Nigeria has recorded a CAGR of 20.5% dur ...

Jumia Technologies (JMIA) ended the recent trading session at $3.84, demonstrating a +0.52% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.61%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.28%.Shares of the company witnessed a loss of 9.48% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 2.32% and the S&P 500's gain of 2.08%.Market participants will be cl ...

Jumia Technologies (JMIA) ended the recent trading session at $3.74, demonstrating a -1.06% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.21%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq lost 0.89%.Shares of the company have depreciated by 9.57% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 2.84% and the S&P 500's loss of 1.56%.The investment community will be closely monitoring the performance of Jumia ...

Company Overview - Jumia has been referred to as the "Amazon of Africa" due to its e-commerce operations in the region [1] - The company has experienced periods of strong success but also significant stock volatility [1] Stock Performance - Jumia's stock has shown high volatility over the years, indicating challenges in maintaining consistent performance [1] - The company's ability to become the next Amazon remains uncertain despite its past successes [1]

Jumia stock soared today, but it's still down 69% from the 52-week high it hit earlier this year. Jumia Technologies (JMIA 19.52%) stock surged in Thursday's trading. The African e-commerce company's share price ended the day's trading up 19.7% and had been up as high as 26.1% earlier in the session. After the market closed yesterday, Jumia published preliminary unaudited key performance indicators (KPIs) for the two-month period ending Nov. 30. The company reported better-than-expected growth for orders pl ...

When I wrote about the “ primal panic ” in shares of Jumia Technologies (NYSE: JMIA ), I noted that the company would need to re-earn the confidence of investors in the wake of itsDr. Duru has blogged about financial markets since the year 2000. A veteran of the dot-com bubble and bust, the financial crisis, and the coronavirus pandemic, he fully appreciates the value in trading and investing around the extremes of market behavior. In this spirit, his blog "One-Twenty Two" (https://drduru.com/onetwentytwo/) ...